Markets Articles
Mixed Signals Coming from Grain Markets
Published October 1, 2021
Utterback Marketing President Bob Utterback says the grain market is very confusing, sending out mixed signals. "You can argue the demand side is nowhere as robust as it was this time last year. We're producing a crop, so what's the…Do Not Fall Asleep on Basis Levels
Published October 1, 2021
Basis levels remain historically high as harvest ramps up. Van Ahn and Company market analyst Kristi Van Ahn warns farmers not to forget marketing while they are busy harvesting. "The basis levels are phenomenal. Do not fall asleep on these…U.S. Wheat Stocks Split 50/50 On-Farm and Elevators
Published October 1, 2021
Historically, the North Dakota farmer has a lot of wheat on the farm, but the Arthur Companies General Manger Kevin Karel says that’s not the case this year. "North Dakota's on farm wheat stocks at the end of August is…Dakotas See Higher Than Normal Wheat Abandonment
Published September 30, 2021
The 2021 Small Grains Annual Summary paints a clearer picture for abandonment. The U.S. planted 46.7 million acres of all wheat this year, but only 37.1 million acres were harvested. When it comes to the Northern Plains, North Dakota planted…A Closer Look at 2021 Spring Wheat Production
Published September 30, 2021
Frontier Futures Commodity Broker JR Edmundson thinks a big surprise in the 2021 Small Grains Annual Summary is the other spring wheat category. "USDA came in at 331 million bushels, against an average trade guess of 327 million bushels. I…USDA’s 2021 Small Grains Summary Results
Published September 30, 2021
In the USDA’s Small Grains Summary, U.S. all wheat production totaled 1.65 billion bushels in 2021, a 10 percent decline from 2020. The area harvested for grain is 37.2 million acres, up one percent from the previous year, with the…USDA Throws Curveball at the Grain Trade
Published September 30, 2021
Thursday's grain trade close mixed with wheat higher, corn and soybeans lower. RML Trading market analyst Terry Fichtner says the USDA threw another curve ball at the grain trade. "The grain stocks were the big surprise. We are in a…USDA Lowers All Wheat Stocks
Published September 30, 2021
All wheat stored in all positions as of September 1 totaled 1.78 billion bushels, down 18 percent from one year ago. USDA estimates on-farm stocks at 419 million bushels, down 41 percent from last year. Off farm wheat stocks are…USDA Estimate for Soybean Stocks Higher Than Expected
Published September 30, 2021
The USDA released the Quarterly Grain Stocks report on Thursday. In the report, the USDA revised acreage, yield and production for the 2020 crop. USDA increased old crop soybean production 81 million bushels, because of increased harvested acres. By increasing…