Markets Articles
Another Commissioner Announces Exit From CFTC
Published September 13, 2021
Dan Berkovitz has announced he will leave the Commodity Futures Trading Commission on October 15. With that change, the CFTC will be left with only two commissioners. Normally, this is a five-member commission.September USDA Report “As Expected”
Published September 10, 2021
In USDA’s September Supply and Demand report, U.S. corn production is pegged at 15 billion bushels, up from 14.75 billion in August and slightly more than the average trade guess. USDA raised the corn yield to 176.3 bushels per acre and…Basis Bids Hold Steady in the Northern Plains
Published September 10, 2021
While basis bids at river terminals along the Mississippi river have collapsed due to damage from Hurricane Ida, the basis bids at the six regional grain elevators followed by the Red River Farm Network have held mostly steady from one…Basis Levels Weakening Along Mississippi River
Published September 10, 2021
Kluis Commodities market analyst Jacob Burks says there are many different factors impacting Mississippi River basis levels, including the port damage at New Orleans. "On the river, we fell 40 cents in one day. Ethanol plants have been holding out…Traders Will Wait for Wheat Data
Published September 10, 2021
There won’t be any wheat numbers in the September USDA Supply and Demand report. Northern Crops Marketing and Investments President Brad Paulson says traders will have to wait until the end of September for those numbers. "Spring wheat production will…Traders Brace for a Bearish USDA Report
Published September 10, 2021
USDA will release the September Supply and Demand report at 11 a.m. Zaner Ag Group Chief Market Strategist Ted Seifried says Wednesday’s leaked FSA acreage numbers will make this a very interesting USDA report. "The general consensus is corn acres…Packer Margins Seen as Inequitable
Published September 9, 2021
To address the consolidation within the meatpacking business, USDA is strengthening the Packers and Stockyards Act. In addition, there will be more focus put on price discovery, country of origin labeling and expanded packer capacity by supporting small meat processors.…Far Less PP in ’21
Published September 9, 2021
As expected, the number of prevented planted acres was down significantly this year. Nationwide, there were 2 million acres of PP ground. That compares to more than 10 million last year. In the FSA acreage report, North Dakota had 3…Oops
Published September 9, 2021
The Farm Service Agency mistakenly posted the latest crop acreage reporting data on its website Wednesday. The information was taken down shortly afterwards, but, to provide fair access to this information, the FSA reposted the data. FSA reported corn acreage…