Markets Articles
Input Costs Cut Into Net Farm Income
Published February 7, 2022
USDA is projecting 2022 net farm income at $113.7 billion, down 4.5 percent from last year. "A lot of the decline is due to the drop in government payments and higher production expenses," said Spiro Stefanou, administrator, USDA Economic Research…What’s Hot, What’s Not in the Markets
Published February 7, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson says hot and dry South America is continuing to influence the soybean trade. Russia and China have solidified their relationship, which…New Crop Soybean Prices Get Stronger
Published February 4, 2022
Zaner Group Ag Hedge Chief Market Strategist Ted Seifried started noticing the changes in December due to South American soybean production concerns. "If you look at some of the projections for the reductions we could see in the South American…China-Russia Agreement Secured for Wheat, Barley Trade
Published February 4, 2022
China will now accept wheat and barley imports from all regions of Russia. Previously, China restricted Russian imports due to phytosanitary concerns. China dramatically increased its wheat imports in the past year with most of that business going to the…What Does Russia-Ukraine Dispute Mean for U.S. Wheat?
Published February 4, 2022
The uncertainty between Russia and Ukraine has local wheat growers curious about possible market impacts. Russia is the largest wheat exporter and Ukraine is the third largest in the world. NDSU Extension Crops Marketing Economist Frayne Olson said it’s very…China’s Corn Cancellation Not Surprising
Published February 4, 2022
China canceled a purchase of 380,000 metric tons of corn Thursday. AgriSompo North America market analyst Sterling Smith wa not surprised. "When you deal with China you have to get used to cancellations." USDA’s weekly export sales were within trade…Regional Basis Shows Minor Changes from Last Week
Published February 4, 2022
Basis bids at the six regional grain elevators have only minor changes from last week. Spring wheat basis remains from five to 55 cents under the Minneapolis March Futures contract. The corn basis ranges from 10 to 15 cents under…China Makes More U.S. Grain Purchases Amid New Year Celebrations
Published February 4, 2022
USDA announced an old crop soybean sale of 380,000 metric tons to unknown destinations on Wednesday . Martinson Ag Risk Management President Randy Martinson says most traders suspect that's China. "It's impressive China is in buying oilseeds at a time…Expect the Unexpected with the Soybean Markets
Published February 4, 2022
Supply chain fears are driving the grain markets. Market analyst Jacob Burks expects to see more unexplainable market swings. "We see a $1.65 move up in soybeans and a pull back wouldn't be unexpected. At times, it's not clear why…