Markets Articles
U.S. Ag Exports to Mexico Sets Records
Published March 9, 2022
U.S. agricultural product exports to Mexico shattered all-time records in 2021. Mexico surpassed Canada as the number two market for U.S. agricultural product exports. A recovery from the 2020 pandemic lockdowns and high global commodity prices helped values, as well…Wholesale Beef Market Looking Strong
Published March 9, 2022
Wholesale beef market has been gripped by uncertainty as buyers struggle with one of the more unpredictable markets in recent history. The recent pullback in price has provided an opportunity to get some needs covered, and recently USDA data shows…Soybean Acreage May Shift
Published March 9, 2022
With the March supply and demand report behind us, the market will begin to focus on acres. Roy E. Abbott Futures market analyst Ron McDaniel thinks soybean acres will be lost. "I personally think the acreage for beans is going…Market Volatility Impacting Basis Values
Published March 9, 2022
Volatility in the commodity markets has traders very wary of being caught on the wrong side of the market. Midwest Market Solutions President Brian Hoops says the volatility is a combination of speculative interest and electronic trading. "The biggest thing…WASDE Predicts Increase in Wheat Stocks
Published March 9, 2022
Global Commodity Analytics and Consulting President Mike Zuzolo says the biggest surprise in the WASDE report was the increase in U.S. wheat ending stocks. "I know we've had a lot of movement on all the commodities globally. I just think…Few Surprises in Supply/Demand Report
Published March 9, 2022
USDA’s March World Agriculture Supply and Demand Estimate contained no corn or soybean surprises. 2021/22 U.S. corn ending stocks are estimated at 1.44 billion bushels, down from 1.54 billion in February and in-line with trade estimates. Soybean ending stocks are…Elevators See Weakening Basis Bids for Grain
Published March 9, 2022
Due to the extreme volatility in the futures markets the basis bids at the six regional grain elevators followed by the Red River Farm Network continue to weaken from last week. Spring wheat basis in Minot is 70 under the…NAWG Committee Considers Carbon Sequestration
Published March 9, 2022
Carbon sequestration got a lot of attention at the National Association of Wheat Growers' Climate Sustainability Committee meeting during the Commodity Classic. Committee Chairman Derek Jackson recognizes there are many differing views of carbon sequestration in the wheat industry. "We'd…Bull Market is an Improvement Over One Year Ago
Published March 8, 2022
Livestock auctioneer Seth Weishaar is happy with how the bull sales have gone well this season. "There's been a jump from a year ago. I think there's a lot of optimism in the market." Many ranches have downsized the size…