Markets Articles
Global Grain Supplies Mostly Lower in April USDA Report
Published April 9, 2021
USDA reduced global wheat supplies by a half-million tons in the April Supply and Demand report, mostly on increased feed and residual use for China. World corn ending stocks are forecast at 283.9 million tons, down 1.3 percent from the…April WASDE Report Friendly for Corn, Neutral for Soybeans
Published April 9, 2021
USDA’s April WASDE report was considered friendly for corn and neutral to bearish for soybeans. Global Commodity Analytics and Consulting President Mike Zuzolo says the spread action between corn and soybeans makes sense. "The wheat and corn look extremely strong…U.S. Raises Wheat Ending Stocks, Lowers Corn Ending Stocks
Published April 9, 2021
In the April WASDE report, the USDA raised U.S. wheat ending stocks to 852 million bushels primarily on a 10 million bushel reduction in imports. USDA kept wheat exports unchanged and reduced feed and residual use. USDA lowered U.S. corn…Duties Levied Against Fertilizer Imports
Published April 7, 2021
The Commerce Department is imposing countervailing duties on phosphate fertilizer imports from Morocco and Russia. The duties range from nine-to-47 percent. This action follows a decision from the International Trade Commission last month that these imports have hurt U.S. producers.There’s a Wait-and-See Attitude Ahead of Friday’s USDA Report
Published April 7, 2021
Traders will be watching ending stocks numbers closely in Friday’s supply and demand report from USDA. Progressive Ag Marketing market analyst Brian Strommen thinks traders will take a wait and see attitude on acreage going into the report. "We'll wait…Ethanol Market Starting to Recover
Published April 6, 2021
The ethanol market is beginning to see a good recovery as ethanol demand increases. Standard Grain President Joe Vaclavik says to keep an eye on ethanol. "Prior to the last two years, we never worried much about the ethanol market.…April USDA Report May Not Get Much Attention
Published April 6, 2021
USDA will release the April World Agricultural Supply and Demand Estimate or WASDE report on Friday. Chiodo Commodities President Marc Chiodo is unsure how much attention this report will get. "I don't see a lot of rhyme or reason as…Traders Gear Up for April WASDE Report
Published April 6, 2021
USDA will release the April World Agricultural Supply and Demand Estimate or WASDE report Friday at 11 a.m. central time. Bennett Consulting president Matt Bennett says the April WASDE is usually not a market mover. "I think there's a lot…Beet Stock Snapshot
Published April 5, 2021
With the early spring and sugar beet planting on the horizon, the American Crystal Sugar Company beet stock trading season appears to be wrapping up. According to Acres & Shares broke Jayson Menke, last week there was one brokered sale…