Markets Articles
A Small Increase in Corn Production
Published November 10, 2021
U.S. corn production is forecast at 15.1 billion bushels, up less than one percent from October. Yields are record high at 177 bushels per acre, up half-a-bushel from last month. The statewide averages for corn yields were 186 bushels per…Final 2019 and 2020 WHIP+ Payments Issued
Published November 9, 2021
USDA's Farm Service Agency has authorized the remaining ten percent of the 2019 and 2020 WHIP+ program payments to go out. The initial payments were equal to 50 percent of the calculated payment amount. A second round of payments was…ACSC Shares Reach New Milestone
Published November 9, 2021
The latest sale of American Crystal Sugar Company shares was record high. Over 100 shares sold for $4,650 per share. "The highest sale previously was $4,400 since 2012 so we've seen a significant price increase this past season." Red River Land…What’s Hot, What’s Not in the Markets
Published November 8, 2021
The stock market and energy prices remain firm. Advance Trading Risk Management Advisor Tommy Grisafi says the cost of fertilizer remains a challenge. In today's edition of What's Hot, What's Not in the Markets, Grisafi also talks about the ABC's--Anything…Biden Will Sign Infrastructure Bill Wednesday at Baltimore Port
Published November 8, 2021
President Joe Biden calls the new infrastructure bill “a monumental step forward” for the country. "It is a once-in-a-generation investment that is going to take millions of jobs to modernize our infrastructure and turn our climate crisis into an opportunity,"…MN Soybean Growers Ask USTR to Address Five Trade Barriers
Published November 7, 2021
The Minnesota Soybean Growers Association would like the Office of the U.S. Trade Representative to address at least five non-tariff trade barriers for agriculture in the next year. MSGA Executive Director Joe Smentek says there are issues with GMO tolerance…Trump-Era Trade Leaders Offer Insight Into Export Opportunities
Published November 7, 2021
Gregg Doud, who was the chief agricultural negotiator at USTR during the Trump Administration, says the Trans-Pacific Partnership was a good deal for agriculture, but the U.S. did not leave the TPP because of the agriculture provisions. "In the TPP,…Grain Traders Prepare for November WASDE Report
Published November 7, 2021
Standard Grain President Joe Vaclavik is not looking for friendly numbers in the USDA's November Supply and Demand report. "The grain trade expects the USDA to increase soybean carryout. They think the USDA is going to go from a 320…Lessons Learned During the Pandemic
Published November 5, 2021
USDA Undersecretary of Marketing and Regulatory Programs Jenny Lester Moffitt made that point during the Minnesota Ag and Food Summit. "The pandemic exposed a lot of things like consolidation and the lack of processing capacity," said Moffitt. "We're focused on…