Markets Articles
Calf Prices Expected to be In-Line with Last Year, For Now
Published October 12, 2020
This fall, calf prices are expected to be in-line with last year at auction barns across North Dakota. That's according to Dickinson-based Stockmen’s Livestock Exchange owner Larry Schnell. "To start out with, we might be $5-to-$7 per hundredweight under year…Grain Traders Monitoring South American Weather and Planting
Published October 12, 2020
As a new week begins, Summit Commodities market analyst Tim Marsh says grain traders are closely watching Brazil’s weather. "If rain doesn't happen in the next two weeks, it pushes back their planting and harvesting dates for soybeans and it…Calf Run Picks Up at Area Auction Barns
Published October 12, 2020
Stockmen’s Livestock Exchange owner Larry Schnell expects calf prices this fall to be in line with last year. "To start, I think we will be $5-to-$7 per hundredweight under a year ago. The finished cattle that were supposed to be…What’s Hot, What’s Not in the Markets
Published October 12, 2020
Advance Trading Risk Management Advisor Tommy Grisafi outlines What's Hot, What's Not in the Markets. In today's update, Grisafi highlights the USDA carryout numbers and the impact presidential politics has on the market.Canola Minute
Published October 12, 2020
Demand is driving a contraseasonal rally in canola prices. Learn more from Northern Canola Growers Association Executive Director Barry Coleman in this edition of the Canola Minute.Can the U.S. Beef Industry Expand Packing Capacity?
Published October 11, 2020
Can the U.S. beef industry expand packing capacity? This was just one, of the many questions, answered in a recent Rabo Agrifinance report. According to animal protein analyst Dustin Aherin, there indeed is room for expansion in the beef packing…Little Margin for Error
Published October 9, 2020
USDA dropped soybean acres and increased exports. StoneX Group Chief Commodities Economist Arlan Suderman says that "leaves very little margin for error with production problems in South America." The Agriculture Department cut 700,000 acres from the planted and harvested acres.…No Surprises in U.S. Corn/Soybean Production
Published October 9, 2020
USDA is estimating soybean production at 4.3 billion bushels and corn production at 14.7 billion bushels. Both numbers are within trade expectations. The average soybean yield is projected at 51.9 bushels per acre, which is unchanged from the September report.…Soybean Ending Stocks Down 170 Million Bushels From Last Month
Published October 9, 2020
The USDA soybean ending stocks are projected at 290 million bushels. That’s well below the average trade guess of 352 million. The drop reflects a smaller supply and higher exports. The U.S. corn carryout is 2.1 billion bushels, which was…