Markets Articles
WTO Ag Talks Enter a Critical Phase
Published July 1, 2021
Leading up to the World Trade Organization Ministerial Conference in November, a report has been issued on the key challenges for an agricultural trade deal. Market access, export subsidies and food security are among the seven topics up for negotiation.…Freight Rates Surge Higher
Published July 1, 2021
Ocean freight rates have exploded since the beginning of the year. The rate from the Pacific Northwest to Japan was $43 per metric ton in late June. That’s 76 percent more than at the start of the year and 110…Setting the Stage for Firm Prices Going into ’22
Published July 1, 2021
USDA's June acreage report was more in-line with historical averages. “U.S. corn acres came in at 92.7 million acres, less than the average trade estimate. Soybean acres came in at 87.6 million acres, more than one million acres less than…Corn Matters
Published June 30, 2021
Following the release of USDA's Acreage and Quarterly Stocks reports, the Minnesota Corn Growers Associated hosted a webinar featuring Al Kluis of Kluis Commodities. Get the details in the latest Corn Matters program.Bullish Corn, Bearish Cattle
Published June 30, 2021
Livestock markets suffered a setback with the latest USDA acreage numbers. "Feeder cattle are definitely in trouble now with these corn prices," said Bob Utterback, president, Utterback Marketing. Utterback sees more long-term opportunity for cattle than hogs. "The big question…Stocks Situation Gets Tighter
Published June 30, 2021
USDA’s Quarterly Stocks report shows U.S. corn supplies as of June 1 at 4.1 billion bushels, down 18 percent from last year. Quarterly usage is reported at 3.8 billion bushels, up 630 million from a year ago. Soybean stocks in…A Record Soybean Acreage in North Dakota
Published June 30, 2021
North Dakota farmers planted a record large 7.2 million acre soybean crop this spring. That’s up from 5.7 million acres last year. Corn acreage also increased in North Dakota moving from 1.9 million acres last year to 3.6 million this…Prop 12 Case Will Not Be Heard in Supreme Court
Published June 29, 2021
The U.S. Supreme Court will not review California’s Proposition 12, which establishes state animal housing standards. The North American Meat Institute sought the action in the Supreme Court and said it was disappointed its petition was denied. Prop 12 bans…What’s Hot, What’s Not in the Markets
Published June 28, 2021
There is major volatility in the markets with major USDA reports coming out at midweek. A long holiday weekend will also be a consideration. Advance Trading Risk Management Advisor Tommy Grisafi has more details in this week's edition of What's…