Markets Articles
WASDE Recap
Published March 10, 2022
USDA lowered domestic corn and soybean ending stocks and raises wheat ending stocks in Wednesday’s March supply and demand report. Corn stocks are estimated at 1.44 billion bushels, soybean supplies at 285 million bushels and wheat ending stocks are pegged…Re-Building of Cattle Herds Predicted to Take Years
Published March 10, 2022
The cattle market’s seen fluctuation with world conflicts shaping the marketplace. Aberdeen Livestock Auction Owner Kevin Larson says there’s a huge demand for cull cows right now and the cow packers are willing to pay the premium. "You can't stop…Global Trade is Down
Published March 9, 2022
USDA acknowledged the Russia/Ukraine war by reducing Ukrainian exports by four million tons in Wednesday's report. "It's down from 24 to 20 million tons," said Brian Basting, Advance Trading. "And they actually did reduce Russia's exports for this crop year…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…