Markets Articles
Begin Pushing the Pencil for 2021 Crop
Published January 6, 2021
As soybean futures get higher and corn futures reach new levels, AgResource Company President Dan Basse says farmers should begin pushing the pencil for the 2021 crop. "Things are starting to look relatively attractive on margins. I would encourage all…Consumers Gravitate Toward Potatoes During Pandemic
Published January 6, 2021
The shift from foodservice to retail during COVID had an impact on fresh potato demand. Consumers gravitated toward fresh potatoes due to ease and versatility. The vegetable could also be a source of comfort food. Now, Potatoes USA Chief Marketing…Funds Holding Long Positions for Corn and Soybean Markets
Published January 5, 2021
NAU Country Vice President of Farm Services Rich Morrison thinks the recent buying in the ag markets was all about money flow. "We looked at the Commitment of Traders Report and the funds are holding easily the largest long position…Managing Feed Input Costs
Published January 5, 2021
The rally in corn and soybeans is putting pressure on the livestock and poultry industries. National Pork Board CEO Bill Even said demand for meat protein will need to be strong to offset the higher feed bill. "Certainly, the folks…A Positive Outlook for 2021 Milk Prices
Published January 4, 2021
Milk prices have been on a wild ride this past year. Demand is one factor that plays into the 2021 price forecast. According to Commodity Risk Management Group broker Mike North, dairy producers should go into the New Year with…Higher Corn Prices Highlight Concerns for Argentina’s Crop
Published January 4, 2021
Last week’s spike in the corn market shows traders are concerned about the Argentina’s corn crop. "There's news about Argentina not allowing corn exports until at least March 1 and they may have to go beyond that time period, depending…More At-Home Meals Shape 2021 Dairy Consumption Outlook
Published January 4, 2021
COVID changed consumer behaviors, making a shift from foodservice to retail. "We saw a big spike in the sales of cheese and butter, which makes sense with the increase in at home cooking," said Megan Sheets, manager of consumer insights,…Mexico to Phase Out Biotech Corn Imports
Published January 4, 2021
Just before the end of the year, the Mexico government said it would ban the release of biotech corn. This ban on GMO corn imports will be phased out by 2024. Mexico’s National Farm Council said this decision will its…Soybean Market is Nervous Over Tight Stocks
Published January 4, 2021
Tight soybean stocks are pushing the market higher. NDSU Extension Crops Economist Frayne Olson is making that point in his crop market outlook. "If we look back to before the trade war began, a five-to-six percent carryover stock ratio was…