Markets Articles
USDA Lowers Global Corn and Wheat Ending Stocks
Published May 13, 2022
The USDA lowered 2022 and 2023 world corn ending stocks by 1.4 percent from one year ago to 305 million metric tons reflecting reductions for Ukraine, the U.S., European Union and China. Global soybean production is estimated at 647 million…USDA Updates U.S. New Crop Production Estimates
Published May 13, 2022
In the May WASDE report, USDA lowered new crop corn production more than trade estimates on a four bushel per acre yield decline from the March Planting Intentions report. Corn production is forecast at 14.5 billion bushels on a yield…A Few Surprises
Published May 13, 2022
USDA delivered a few surprises in Thursday's supply and demand report. U.S. wheat yield harvested acres and production were reduced more than the trade expected. Global wheat stocks are at their lowest level since 2017. The report reflected late planting,…U.S. and Mexico Resolve Potato Trade Dispute
Published May 13, 2022
After more than 25 years of regulatory hurdles, fresh U.S. potatoes are available in Mexico. Previously, the United States could not export potatoes beyond a 26-kilometer border zone. "Ag Secretary Tom Vilsack lived up to the promised deadline of getting…Container Chaos
Published May 11, 2022
In October 2020, ocean carriers started refusing export bookings to get empty shipping containers back overseas as quickly as possible and capture high-value imports. One year and a half later not much has changed. Congress intervened and ocean carriers can…Malaysia Ponders Palm Oil Proposal
Published May 11, 2022
Malaysia is considering a reduction in its export tax on palm oil. The proposal is designed to address the global vegetable oil shortage and increase the country’s market share. A decision is expected as soon as next month. This plan…Aussie and New Zealand Regulators Approve GMO Wheat
Published May 10, 2022
Biotech wheat has been approved for human consumption in Australia and New Zealand. The GMO wheat cannot be grown in these two countries, but food developed from the biotech wheat can be imported. Argentine farmers are the only ones that…What’s Hot, What’s Not in the Markets
Published May 9, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson says the weather market and delayed planting has been supportive to the wheat market. Cold, wet conditions are the big negative…StatsCan Report Reviews Stocks Situation
Published May 9, 2022
Canadian corn and soybean stocks are up over one year ago. Meanwhile, stocks of wheat, barley and canola are lower. According to Friday’s report, corn stocks are up 14 percent from one year ago at 9.2 million metric tons. The…