Markets Articles
USDA Lowers South American Production Estimates
Published January 12, 2022
Due to the lingering drought conditions, USDA lowered South America's corn production. Brazilian corn production dropped from 118 million metric tons to 115 million metric tons. Argentina’s corn production is now at 54 million metric tons. USDA reduced Brazil’s soybean…More U.S. Corn and Soybeans in Storage, Less Wheat
Published January 12, 2022
USDA made minor changes in the Quarterly Grain Stocks Report. U.S. corn stockpiles as of December 1 are estimated at 11.6 billion bushels, up from 11.3 billion one year ago. Soybean stocks are at 3.15 billion bushels, up from 2.95…Utterback: USDA Reports “A Yawner”
Published January 12, 2022
The January USDA reports failed to provide the fireworks many traders were expecting. Utterback Marketing President Bob Utterback calls the reports a yawner. "Traders were preparing for an event once these reports came out, but there's nothing in these reports…Geo-Political Events Influence Agriculture Locally
Published January 11, 2022
The United States may be a superpower, but geopolitical events around the world can still significantly impact farmers and ranchers. American Farm Bureau Economist Veronica Nigh uses Russian natural gas as an example. "If the Russians aren't providing natural gas…U.S. Pork Can Now Be Exported to India
Published January 11, 2022
India will now accept U.S. pork imports for the first time. Agriculture Secretary Tom Vilsack says this access is the result of two decades of work. As the second-most populous country in the world, the market opportunities in India is…Taking Steps to Ease Supply Chain Disruptions
Published January 10, 2022
Agriculture Secretary Tom Vilsack addressed the current supply chain disruptions during his address to the American Farm Bureau Federation. "There's a lot of reasons why we're faced with the current dilemma and in a strange way part of it is…What’s Hot, What’s Not in the Markets
Published January 10, 2022
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management analyst Randy Martinson says triple digit temps in South America will stress crops. The export demand pace for wheat is at a historic low.…EU Suspends Tariff on U.S. Dry Edible Beans
Published January 7, 2022
As expected, the European Union has suspended the 25 percent retaliatory tariff on U.S. dry bean imports for one year while the two sides work toward a permanent solution. These tariffs have been in place since 2018 in a trade…India Allowing U.S. Pork and Pork Product Exports
Published January 7, 2022
After years of negotiations, India is now allowing U.S. pork and pork products. Access to Indian market for U.S. pork and pork products was restricted because India’s Department of Animal Husbandry, Dairying, and Fisheries and the USDA did not have…