Markets Articles
Rail Traffic Resumes on Mexican Border
Published December 24, 2023
Two key rail crossings between Texas and Mexico reopened Friday after a five-day closure. U.S. Customs and Border Protection closed the rail bridges at Eagle Pass and El Paso, Texas in response to the influx of undocumented migrants. Union Pacific…No Quick Fix
Published December 22, 2023
Concern is mounting over the closure of two Texas railroad border crossings. Global Commodity Analytics and Consulting President Mike Zuzolo says this situation could last longer than most people expect. "The word is the Mexicans had decided to suspend migrant removals…Ag Coalition Seeks Reopening of Eagle Pass, El Paso Ports of Entry
Published December 21, 2023
The Agricultural Transportation Working Group is asking for the immediate reopening of the El Paso and Eagle Pass railroad crossings. In a letter to the Office of Homeland Security, this coalition said this closure is impacting the supply chain and…Cost of Production Helps Determine Marketing Plan
Published December 20, 2023
University of Minnesota Extension Crops Economist Ed Usset wants farmers to know their production costs, “That’s your first step. It gives you an idea of where you want to start,” said Usset. Futures prices are below average production costs. “I…USCA’s Focus for 2024
Published December 20, 2023
In addition to the farm bill, U.S. Cattlemen’s Association Senior Policy Advisor Jess Peterson is focused on the organization's policy priorities. "We need to clarify country of origin labeling,” said Peterson. “Our beef checkoff is an amazing program that needs…Immigration Issue Curtails Rail Movement to Mexico
Published December 20, 2023
Faced with an upswing in illegal border crossings, U.S. Customs and Border Protection closed several bridges and ports of entry on the U.S.-Mexico border. Immigration officials said there aren’t enough border patrol agents to handle the numbers crossing the border.…Record Brazilian Exports
Published December 20, 2023
For the first time in history, Brazil has exported over 100 million metric tons of soybeans in a year. The previous record was just over 86 million tons in 2021. With very low Brazilian soybean prices, China and other importers…Unprecedented
Published December 20, 2023
Freight rates are moving higher, increasing the cost of commodities. Tim Marsh, Summit Commodities, describes this as an unprecedented situation. "The Suez Canal in some distress so there are some questions to whether or not we're gonna be able to ship…Crop Development Varies Widely
Published December 19, 2023
Agriculture consultant Kory Melby says Brazilian farmers are facing a lot of uncertainty. "Keep in mind, some guys have planted two, three times in Mato Grosso and Goias so it's gonna be a wide, wide range of soybean conditions." In some…