Markets Articles
Ag Shippers Relieved as Mississippi River Reopens
Published May 14, 2021
On Friday, the Mississippi River reopened for barge traffic after being closed 48 hours. There were 62 vessels and more than 1,000 barges in the que to move near Memphis. "We've averted disaster," said CHS Barge Freight Merchandiser Ben Doane.…Commercial River Traffic Shut Down
Published May 13, 2021
The U.S. Coast Guard shut down barge traffic after a large crack was found in a steel support beam on a bridge that extends over the Mississippi River at Memphis. According to Upper River Services President Lee Nelson, 430,000 tons…Move Beyond What You’ve Already Sold at Lower Prices
Published May 13, 2021
Citizens LLC Vice President of Grain Angie Setzer is encouraging farmers to think about where they stand on profitability and pay attention to the unsold crop. "We tend to get bogged down in these types of market structures focusing on…USDA: Soybean Supplies Tight, Overall Good U.S. Corn Supplies
Published May 13, 2021
Brock Associates President/CEO Richard Brock believes there’s enough old crop corn to carry the U.S. through demand. That can be tricky to accept in a dry area like the Northern Plains. "The two states North Dakota and South Dakota combined…Traders Keep a Close Eye on South American Production
Published May 13, 2021
In the May WASDE report, USDA left Argentina’s corn and soybean production unchanged at 47 million metric tons. At the same time, USDA lowered Brazil’s corn production estimate to 102 million metric tons. "I think the trade will assume this…Federal Charges Filed in Cattle Ponzi Scheme
Published May 13, 2021
A federal grand jury has charged an Illinois woman and a Georgia man with running a Ponzi scheme that took in $650 million from investors from throughout the United States. Reva Stachniw, Ron Throgmartin and co-conspirator Mark Ray solicited hundreds…Carbon Offsets Available Through Farmers Edge
Published May 13, 2021
Farmers Edge is making its Smart Carbon program available in key North American markets. This effort “gives farmers and their trusted advisors a 360-degree view of their carbon footprint with data from soil to sale.” The Winnipeg-based Farmers Edge says…A Turnaround 1Q for JBS
Published May 13, 2021
The world’s largest meatpacker posted first quarter net profit of $377 million. One year ago, JBS suffered a $1.1 billion loss. With restaurants reopening, U.S. demand for meat is increasing. Exports to Southeast Asia from the United States is also…Grain Traders Already Questioning USDA’s WASDE Report
Published May 12, 2021
Clayton Pope Commodities President Clayton Pope says the USDA numbers were not as friendly as the trade was looking for. "The numbers appear to be on the bearish side. The old crop corn carryover was down 95 million bushels, but…