Markets Articles
Allendale Projects Smaller U.S. Crop
Published September 4, 2019
Ahead of next week’s USDA report, Allendale is projecting the U.S. corn crop at 13.75 billion bushels, with a yield of 167.7 bushels/acre. Their soybean crop estimate is 3.49 billion bushels, with a 46 bushel/acre yield. That's below USDA's August…Basis Bids Showing Harvest Pressure
Published September 4, 2019
Basis bids at the six regional grain elevators followed by the Red River Farm Network are beginning to show some harvest pressure as old crop months roll into the new crop futures months. Spring wheat basis range from 67 cents…The Market Needs Confirmation of Lower Crop Numbers
Published September 4, 2019
CHS Hedging market analyst Steve Wagner thinks weather is a bigger factor for the Northern Plains than the rest of the Corn Belt. "Nerves get jangled when the wheat harvest moves into September. As far as moisture, we're sitting very…Grain Traders Still Cautious on Crop Progress, Frost Threats
Published September 4, 2019
The National Oceanic and Atmospheric Administration removed the threat of an early frost from their latest two-week weather outlook. E-Hedger market analyst Ryland Textor says traders are still cautious about frost and freeze damage to this crop. "It may be…August Ag Economy Barometer Falls
Published September 4, 2019
The August Purdue University/CME Group Ag Economy barometer reads 124, a 29-point decline from July. The decline is attributed to a farmer’s expectations for current and future economic conditions. In the latest farmer survey, more than two-thirds of respondents say…What’s Hot, What’s Not in the Market
Published September 3, 2019
In this week's edition of What's Hot, What's Not in the Markets, Advance Trading risk management advisor Tommy Grisafi outlines the latest market news. The NOAA Climate Prediction Center is reducing the threat of frost for the next two weeks…2019 MFP Calculations Differ From 2018
Published August 30, 2019
USDA released more details on how the Market Facilitation Program payments are calculated. NDSU Extension Agricultural Finance Specialist Bryon Parman says this year’s program payments are significantly different from last year. "The soybeans are $2.05, compared to last year's $1.65.…Cattle Market Volatility Not Going Away Overnight
Published August 30, 2019
There has been a lot of volatility in the cattle markets lately. NDSU Extension livestock economist Tim Petry says that volatility will not go away overnight. For Northern Plains cattle producers, their eyes are on the corn market and feeder…Perdue Fields Questions from Farmers at Farm Progress
Published August 29, 2019
Agriculture Secretary Sonny Perdue fielded many questions during a roundtable discussion at the Farm Progress Show on Wednesday. A common topic of discussion was small refinery waivers, the biodiesel tax credit and the Renewable Fuel Standard. "Let's think about how…