Markets Articles
AgRural Reduces Brazilian Soybean Crop Estimate
Published January 7, 2022
The Brazilian consulting firm, AgRural, is forecasting a 133.4 million ton soybean crop. That’s down from a previous forecast of 145 million tons and last year’s record crop of 137 million tons. La Nina and a dry weather pattern are…Retail Fertilizer Prices Continue to Increase
Published January 6, 2022
The average anhydrous price is at an all-time high of $1,428 per ton. That’s up nine percent from last month. 10-34-0 was up five percent at $795 per ton. According to DTN’s survey of ag retailers, the cost of anhydrous…Fielding Questions-Market Trends
Published January 5, 2022
AgCountry Farm Credit Services Market Education Specialist Katie Tangen says the market will be "sloppy" in preparation for the January 12 USDA supply/demand report. Once that report is released, more focus will be on the South American crop. The importance…Port of Oakland Responds to Congestion Crisis
Published January 5, 2022
To ease congestion, the Port of Oakland is opening a 25-acre off-terminal yard to move containers and store them for a quick turnaround. Half of the exports out of the Port of Oakland are tied to agriculture. Port officials worked…Pork Packing Capacity is Increasing
Published January 4, 2022
A handful of companies control the majority of beef, pork and poultry processing nationwide. The Biden Administration blames a lack of competition, saying it hurts farmers and consumers. Veteran economist Steve Meyer disagrees. "They're pointing to higher prices and saying…A Government – Market Intervention
Published January 4, 2022
Market competition isn’t a new issue for agriculture, but U.S. Cattlemen’s Association Vice President and South Dakota rancher Justin Tupper says the COVID-19 pandemic brought market competition issues to light again. "People have called to tell me they don't want…Strong Sow Market
Published January 4, 2022
Last year’s sow slaughter was down from the record levels of 2019, but the pace of slaughter was still extremely high. The annual sow price in 2021 averaged over $67 per hundredweight. That’s more than double the price from 2020…Scalpel Needed, Not an Ax
Published January 3, 2022
Policy Solutions President Jay Truitt recognizes there are abuses within the packing and processing business, but remains leery about today’s White House announcement. "No matter what you do there is a cause and effect," said Truitt. "If we start moving…Exploring New Soybean Market Opportunities
Published January 3, 2022
China remains the top buyer of U.S. soybeans, but the U.S. Soybean Export Council continues to explore new markets. According to board member and Kansas soybean farmer Lance Rezac, India is starting to allow imports of GMO soybean meal. "India's…