Markets Articles
Despite Trade Skirmish, Pork Exports Break Records
Published September 6, 2019
U.S. pork exports were record large in July. At more than 233 metric tons, pork exports were up 32 percent from one year ago. Exports to China and Hong Kong reached a record $152.5 million in value. Mexico and Japan…Quiet Grain Markets Ahead of this Month’s USDA Report
Published September 5, 2019
Money Farm market analyst Luke Swenson expects the grain market to be quiet ahead of the USDA report on September 12. "We aren't expecting much in the way of change on yields. News wise and fundamentally, they don't need to…Farmers Have Concerns About Crop Maturity
Published September 5, 2019
The U.S. crop looks good, but crop maturity will be key for the next few weeks. According to the latest Allendale farmer survey, Allendale Chief Marketing Strategist Rich Nelson says farmers in the western Corn Belt will have serious concerns…Tyson Plant Could Be Operational By January 2020
Published September 4, 2019
Tyson Foods says its Holcomb, Kansas plant, damaged by fire in August, is expected to be fully operational by January. Tyson Foods CEO Noel White says some beef processing has already resumed in a portion of the plant that was…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…