Markets Articles
Poor Demand Continues to Impact Corn Price
Published November 6, 2019
Standard Grain President Joe Vaclavik says the delayed harvest should impact the grain markets at some point, but poor demand will offset any production loss. "The only thing I know for sure about the corn market is the poor demand,…Stronger Milk Prices Provide Hedging Opportunities
Published November 6, 2019
November Class III Milk futures have move above $20 per hundredweight. Kluis Commodities market analyst Jacob Burks sees that $20-plus price as a psychological level for dairy producers. "This has been too little, too late for some of these dairies,"…Labor Challenges Discussed at NMPF Meeting
Published November 6, 2019
At the National Milk Producers Federation annual meeting in New Orleans, dairy farmers were challenged to take a proactive role in farm policy. NMPF Milk Chairman Randy Mooney, who farms in Missouri, addressed the immigration issue. "Immigration is not a…Arcadia Biosciences Advance High-Fiber Wheat
Published November 6, 2019
Arcadia Biosciences has secured its first purchase commitment for its high-fiber wheat. Bay State Milling is the exclusive North American commercial partner for use in its HealthSense brand. Arcadia Biosciences also announced the successful harvest of its GoodWheat non-GMO wheat…Upbeat Forecast for U.S. Meat Exports
Published November 6, 2019
The U.S. Meat Export Federation is “pretty upbeat” about the export markets for beef, pork and lamb. Beef exports are expected to increase by five percent in 2020. Pork exports conservatively could grow by 13 percent. At their strategic planning…IEG Vantage Forecasts Stronger U.S. Crop Yields Ahead of November WASDE
Published November 4, 2019
IEG Vantage, formerly Informa Economics, put out its latest yield estimates for corn and soybeans on Friday. IEG Vantage expects an average corn yield of 168.6 bushels per acre, up 1.1 bushels from their last estimate and slightly more than…USDA Releases Baseline Projections Through 2029
Published November 4, 2019
USDA released their long-term baseline projections for agricultural commodities through 2029. Notably, USDA is projecting next year’s corn planted acreage at 94.5 million acres and soybean acres at 84 million acres. This year’s corn yield is projected at 168.4 bushels…Analysts Prepare for Friday’s USDA Supply and Demand Report
Published November 4, 2019
The November USDA World Agricultural Supply and Demand Estimates (WASDE) report is not expected to show much change in crop production. Allendale Chief Strategist Rich Nelson says the November WASDE report typically does not make any big changes. "Often we…Trade Deal Could be Signed in Iowa
Published November 4, 2019
According to the Chinese Foreign Ministry, the United States and China have been in continuous contact. President Donald Trump appeared optimistic when meeting with reporters late Friday. When phase one of the trade deal is completed, Trump wants the signing…