Markets Articles
A Challenging Year For U.S. Soybean Exports
Published August 19, 2019
The trade war made it a challenging year for U.S. soybean exports. According to the U.S. Soybean Export Council, shipments to China are about one-third of what they were in previous years. The U.S. soybean industry is looking to increase…Ethanol Industry Trying to Improve Challenging Outlook
Published August 18, 2019
Houghton, South Dakota farmer Troy Knecht attended the American Coalition for Ethanol’s annual conference in Omaha. Knecht says the tough times in agriculture is being reflected in the ethanol industry. "Not only has the ethanol industry seen RIN prices drop,…More Details on the Tyson Fire
Published August 16, 2019
Tyson Foods says it is working as quickly as possible to get its Holcomb, Kansas beef processing plant back online after fire caused major damage. Communications director Liz Cromston says Tyson is still assessing the damage. "There was quite a…What Happens After the Report Dust Settles?
Published August 14, 2019
As the dust settles from the August USDA reports, the grain trade is shifting their focus. According to AgResource Company President Dan Basse, weather is one story in the markets. The portions of the Midwest will need more rain to…Frustration Continues with EPA Granting Small Refinery Waivers
Published August 13, 2019
Frustration continues to build from ethanol supporters as the Environmental Protection Agency continues to grant small refinery waivers. The agency recently released 31 small refinery exemption waivers under the Renewable Fuel Standard. Renewable Fuels Association CEO Geoff Cooper says the…Rains Hit Midwest, But More Moisture Needed
Published August 13, 2019
Crop progress and the weather will continue to be the focus for the markets moving forward. World Weather Incorporated Senior Agricultural Meteorologist Drew Lerner says in the last week, Illinois received some much-needed rains. "Not everyone was treated equally, but…Lower Corn, Soybean and Wheat Production Forecast for MN
Published August 13, 2019
USDA’s National Agricultural Statistics Service is projecting lower corn, soybean and wheat production for Minnesota this year. Minnesota corn production is forecast at 1.28 billion bushels, down six percent from last year. USDA NASS says corn yields are forecast at…Soybeans Could Be the Bullish Story in August Report
Published August 13, 2019
The Money Farm director Luke Swenson is surprised at the soybean yield estimate in Monday’s report from USDA. At an estimated 48.5 bushels/acre, Swenson says soybeans are the bullish story. "We shaved five million acres off of expected production. They…A Bearish USDA Report for the Corn
Published August 13, 2019
Monday’s USDA report was bearish for corn, causing the markets to hit trading limit lows. Gulke Group President Jerry Gulke says an estimated U.S. corn yield at 169 bushels/acre and production numbers are a surprise. "By reducing the acres and…