Markets Articles
Ag Economist Optimistic About Foodservice Demand in 2021
Published January 3, 2021
CoBank Knowledge Exchange Division Manager Tanner Emke says demand will surface, but that will take some time. "We've got to get the majority of U.S. consumers vaccinated first and it's going to be until summer before that happens." Emke sees…Beet Stock Snapshot
Published January 3, 2021
Last week there were a half dozen American Crystal Sugar Company beet stock brokered sales. That totals 156 shares for an average price of $3,653 per share, according to Acres & Shares broker Jayson Menke. Stay up-to-date on the latest…Current Market is Like a ‘Speeding Train’
Published December 31, 2020
The spot corn, soybean and Chicago wheat markets reached levels not seen in over six years. Minneapolis wheat had the highest spot close in over two years. "You cannot step in front of a speeding train and that's really what…Most Growers Stick With Their Normal Crop Rotation
Published December 31, 2020
Corn and soybean prices have hit levels not seen in six years, but that may have very little impact on the 2021 acreage mix. East River LLP owner Tim Hoggarth says the traditional corn/soybean farmer will usually stay with their…Argentina Suspends Corn Exports
Published December 31, 2020
To protect domestic feed supplies, the Argentine Agriculture Ministry is suspending corn exports until March 1. To date, Argentina has authorized 34 million tons of corn for the current marketing season. That leaves nearly 4.3 million tons available for Argentina’s…#3 Story of 2020: New Opportunities Seen in Agricultural Trade
Published December 31, 2020
On January 15, the U.S. and China signed the phase one trade agreement. During the signing ceremony, Agriculture Secretary Sonny Perdue said "I believe it will be a real bonanza for American farmers, ranchers and producers." China agreed at that…Northern Plains Basis Levels Stronger at Year End
Published December 30, 2020
Basis levels at the six regional grain elevators followed by the Red River Farm Network remain mostly unchanged from the previous week. Soybean basis remains 40 to 80 cents under the March futures contract. Corn basis levels is 25 to…Weather Drives Soybean Markets Higher
Published December 30, 2020
Van Ahn and Company CEO Jim Emter thinks Tuesday’s sharply higher soybean market was likely driven by weather. "When you look at the January, February and March outlook, the forecast points to a drier and warmer tendency for southern Brazil…Strike Ends
Published December 30, 2020
Argentina’s 20-day strike at the Port of Rosario has come to an end. Union workers got a 25 percent salary increase from January through August. The salary bump for the remainder of the year will be determined by Argentina’s inflation…