Markets Articles
Exercise Caution With Pinto Bean Acreage Expansion
Published January 30, 2024
Despite a drop in acreage this past year, good yields resulted in "about average" production. In the NDSU Getting it Right in Dry Bean Production Webinar, Extension Crop Economist Frayne Olson offered a warning. "Moving forward into 2024, the industry…Movement Out of Port of Duluth-Superior Up in ’23
Published January 30, 2024
The 2023 navigation season for the Port of Duluth-Superior finished the season up 4.5 percent year over year. Duluth Seaway Port Authority Executive Director Deb DeLuca says the Port posted tonnage increases in eight categories including a 22.5 percent increase…Brazil Beans Heading to the U.S.
Published January 30, 2024
According to Agricensus, three cargoes of Brazilian soybeans were sold to a U.S. soybean crusher on the East Coast. These shipments are expected to be delivered in late February. East Coast end-users have purchased Brazilian soybeans in the past, but…A Minnesota-Morrocco Trade Connection
Published January 29, 2024
A Minnesota trade delegation is home after a six-day trade mission to Morrocco. Agriculture Commissioner Thom Petersen said the Port of Duluth offers an opportunity to serve this growing market. "Last year, we sent three shipments of sugarbeet pulp to…What’s Hot, What’s Not in the Markets
Published January 29, 2024
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson is pleased with the recovery seen in the livestock markets. USDA's Cattle Inventory Report is also coming out this week. On…U.S. Seeks China’s Help in the Middle East
Published January 29, 2024
National Security Advisor Jake Sullivan met with the Chinese foreign minister over the weekend, asking Beijing to use its relationship with Iran to intervene in the Red Sea shipping crisis. The Houthi rebels are from Yemen but receive weapons, training…Energy Markets Nervous Over Weekend Drone Attacks
Published January 29, 2024
Crude oil prices are trading higher this morning after weekend drone attacks killed three U.S. soldiers and injured dozens more at a military base in Jordan. The White House indicates the U.S. will retaliate. Any escalation of the tensions in…A Bright Future for Cow-Calf Markets
Published January 28, 2024
Feeder cattle markets have followed the upswing in the futures market. Bagley Livestock Exchange owner Billy Bushelle says more feeder calves are coming in pre-conditioned. “Everything- is kind of falling back into place, we’re getting back to the way it…Beet Stock Values
Published January 28, 2024
American Crystal Sugar Company beet stock continued trading at $5,400 per share last week. “Last week there were 236 shares were brokered at that price,” said Jayson Menke, owner, Acres & Shares. “Nearly all of the January sales to date…