Markets Articles
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…Houthi Rebels Attack Commercial Shipments
Published December 19, 2023
Commercial shipping on the Red Sea is being disrupted by attacks made by Houthi rebels. The aggression from the Iran-backed terrorists is described as a show of support for Palestine in the Israel-Hamas war. To avoid the Suez Canal, major…Argentine Soy Products Face Increased Export Tax
Published December 19, 2023
The Argentine government plans to increase the export tax on soybean oil and soybean meal to 33 percent. That’s a two percent bump from the current tax rate. The decision is being criticized by Argentina’s export companies and soybean processors.