Markets Articles
New Crop Insurance Option for Beet Growers
Published February 9, 2024
Sugarbeet growers have had an early harvest crop insurance adjustment since 2019. AgriLogic Consulting President Clif Parks says this mandatory adjustment is being converted to an optional format. "So essentially making it an option where one grower can select it…Buckle Up for a Wild Ride
Published February 9, 2024
Inflation has dropped from a peak of nine percent in June of 2022, but it is still above the Federal Reserve's two percent goal. In an interview for the Bull Pen Report on the Red River Farm Network YouTube Channel,…USDA and CONAB Numbers Vary Widely
Published February 9, 2024
Global Commodity Analytics and Consulting President Mike Zuzolo is questioning the wide difference between Brazil’s CONAB production numbers and the USDA WASDE numbers. "The CONAB corn number is now 10.3 million tons lower for Brazil versus USDA's updated numbers. CONAB soybean…No Surprises
Published February 9, 2024
Statistics Canada released its grain and oilseed stocks in all positions report on Thursday. Stats Can pegged total wheat stocks at the end of 2023 at 20.7 million metric tons. That is down ten percent from the end of 2022…CONAB Drops Brazilian Corn and Soybean Production
Published February 9, 2024
Brazil’s crop supply agency, CONAB, lowered soybean production to 149.4 million metric tons in Thursday’s report. That is slightly lower than pre-report estimates. CONAB also lowered corn production to 113.7 million metric tons with safrinha corn at 88 million metric…Supply and Demand Estimates Released
Published February 9, 2024
USDA cut Brazil’s soybean production by one million metric tons 156 million in the February supply and demand report. Argentina’s soybean production is unchanged from January at 50 million tonnes. Brazil’s corn production was lowered by three million tonnes to…U.S. to Import Less Mexican Sugar
Published February 9, 2024
In its monthly supply and demand report, USDA said the United States will import 799,000 short tons of sugar from Mexico. That’s down from 922,000 short tons in the last estimate. Mexico’s sugarcane harvest has been poor. The crop size…An Economic Transformation on the Way
Published February 8, 2024
Demographics around the world are changing. Geopolitical strategist Peter Zeihan says this will cause a great disruption in how our economic systems function. “The world is running out of people under age 40,” said Zeihan. “This is the decade we’re…Dwindling Dairy Heifer Supplies
Published February 8, 2024
The number of dairy replacement heifers is at a 20-year low. According to a new report from the CoBank Knowledge Exchange, this situation could limit any meaningful growth in U.S. milk production. Due to tight numbers, dairy replacement prices are…