Markets Articles
No Silver Bullet
Published January 21, 2022
The ever-increasing cost of fertilizer was brought up in a House Agriculture Committee hearing. Agriculture Secretary Tom Vilsack spoke to the complexity of the situation. "There's no silver bullet, I wish there were and if there were, we'd certainly be…Mexico Phasing Out Glyphosate Use
Published January 19, 2022
Mexico is on the path to gradually eliminate glyphosate by 2024. Mexico’s National Council of Science and Technology has cut its recommendation for glyphosate imports in half. Mexican President Manuel Lopez Obrador issued an executive order two years ago to…Dry Bean Prices Hold Steady
Published January 19, 2022
According to USDA’s Weekly Bean, Pea and Lentil Market Review, trade remains light with only moderate demand. The grower price for pinto beans in North Dakota and Minnesota is $42-to-$45 per hundredweight. Black beans are quoted at $45-to-$46 and navies…Spring Wheat May Struggle in the ND Acreage Battle
Published January 18, 2022
According to North Dakota Wheat Commission Policy and Marketing Director Jim Peterson, the amount of spring wheat planted this year is uncertain. "Certainly $1.50 (per bushel) ago, it was an easier decision to make. There was a lot of interest…What’s Hot, What’s Not in the Markets
Published January 17, 2022
"There wasn't much hot last week in the markets," said Randy Martinson, President, Martinson Ag Risk Management. In this week's edition of What's Hot, What's Not in the Markets, Martinson says the outside markets had some positive gains. Wheat was…Market Analysts Not Expecting Major Shift Away from Corn
Published January 15, 2022
Corn continues to fight for acres ahead of spring planting. Summit Commodities market analyst Tom Pfitzenmaier does not think the U.S. will see a major acreage switch from corn to soybeans this year because of the higher fertilizer prices. "I…Zuzolo: Ethanol Consumption Critical
Published January 15, 2022
Grain traders will continue to monitor ethanol demand. Global Commodity Analytics and Consulting President Mike Zuzolo says proposed ethanol mandates are concerning. "The ethanol mandate issue that the Biden administration is reportedly looking at came out right before the USDA…Good Years Ahead
Published January 14, 2022
The cattle industry is seeing positive prices and that should continue. NDSU Extension Livestock Economist Tim Petry was part of the university’s market outlook webinar Thursday and said the markets are trending higher. "Our highs have been in 2005 and…South American Weather Brings Market Volatility
Published January 14, 2022
The condition of the South American crop continues to be a driving force in the corn and soybean markets. NDSU Extension Crops Economist Frayne Olson says the crop is under stress. "Southern Brazil and Argentina have had very, very dry…