Markets Articles
Soybean Carryout Exceeds Trade Expectations
Published October 12, 2021
With an increase in the crush and no change in exports, soybean ending stocks are estimated at 320 million bushels. That’s up from an average trade guess of 300 million. USDA is forecasting corn ending stocks at 1.5 billion bushels,…Fielding Questions
Published October 11, 2021
Input costs are already becoming a factor for 2022 acreage decisions. AgCountry Farm Credit Services Market Education Specialist Katie Tangen outlines those factors in this interview. Once the USDA report is released Tuesday, RRFN will interview Tangen for her perspective…What’s Hot, What’s Not in the Markets
Published October 11, 2021
Crude oil has hit $82 per barrel. Cash grain markets remain strong. In this week's edition of What's Hot, What's Not in the Markets, Advance Trading RIsk Management Advisor Tommy Grisafi also outlines the latest news regarding supply chain disruptions.Traders Prepare for October WASDE Report
Published October 7, 2021
Comstock Investments market analyst Joe Camp says traders are expecting larger numbers in Tuesday's USDA supply/demand report. "We've known for awhile the Eastern Corn Belt crops have great potential. Illinois has a statewide yield estimate of 214 bushels per acre…Basis Levels Stay Strong at Harvest
Published October 7, 2021
The current strong basis is unusual for harvest time. "It's notable because this is happening at a time when we are getting our export market back; it's a good signal for demand all the way around," says Sam Hudson, market…Beef Exports Break $1 Billion Milestone
Published October 6, 2021
The United States broke a new value record for beef exports in August. Sales topped the $1 billion mark for the first time. There was record business with China and the largest beef export totals for the year to Japan.…Crude Oil Prices Push Higher
Published October 6, 2021
Crude oil prices continue to increase. Total Farm Marketing Senior Market Advisor Naomi Blohm says that’s just another part of the increase in input costs for farmers right now. "It doesn't look like we'll see relief from that soon." Spot…Too Early for South America Planting to Impact Grain Markets
Published October 5, 2021
Early planting continues in South America. Northstar Commodity Chief Analyst Mark Schultz thinks it's far too early for traders to be concerned about that planting progress. "Of course, there is a La Nina has formed. That can cause some issues.…Crude Reaches Seven-Year High
Published October 5, 2021
OPEC and Russia have agreed to gradually increase oil production by 400,000 barrels a day through 2022. That’s far below what many traders had expected. The decision sent oil prices sharply higher with West Texas intermediate crude now trading over…