Markets Articles
Mexico’s Tariffs Will Impact U.S. Pork
Published June 6, 2018
On Tuesday, Mexico imposed an immediate 10 percent tariff on U.S. pork legs and shoulders. A 20 percent tariff will go into effect July 5. Mexico opened a tariff-free quota for pork imports from other countries. The National Pork Producers…Ag Barometer Shows Farmer Optmism
Published June 6, 2018
The May CME Group/Purdue University Ag Economy Barometer says farmers are more optimistic about their future. Purdue Ag Economist Jim Mintert thinks the ebb and flow of trade disputes plays a big role in producer sentiment. "We had the initial shock…Grain and Livestock Mixed at Close
Published June 5, 2018
Progressive Ag Marketing market analyst Brian Strommen reflects on Tuesday’s grain market close. He notes lean hogs are being influenced by Mexico's tariffs on U.S. pork.Better Corn Exports Ahead
Published June 4, 2018
USDA Chief Economist Rob Johansson expects corn exports to be better than expected this marketing year. "We're expecting to sell $10.3 billion worth of corn this year, up from nine billion that we were expecting in February." Cotton exports are…U.S. Grains Council Shares Concerns on Tariffs
Published May 31, 2018
In a statement, U.S. Grains Council CEO Tom Sleight says the council is concerned about the tariffs. Agriculture will likely be the first hit by counter measures from trading partners. Sleight also says it appears the U.S. needs to prepare…Trade Disruptions Do Impact Farmers
Published May 31, 2018
Starting Friday, the U.S. will impose tariffs on imports of steel and aluminum from Canada, Mexico and the European Union. Exemptions were given earlier this year but expire Thursday night. The decision will likely result in retaliation against U.S. products.…Grains Mixed, Livestock Lower at Close
Published May 31, 2018
RML Trading's Terry Fichtner says trade is making a big influence in the grain trade.CP Rail Service Resumes After a Brief Strike
Published May 31, 2018
Union workers are back to work after reaching a tentative deal with Canadian Pacific Railway. The details of the agreement will not be announced until after the ratification vote. This strike lasted less than 24 hours, but it was the…Brazil Trucker Strike Near Chaos Conditions
Published May 30, 2018
Brazilian agriculture consultant Kory Melby says the trucker strike resulted in near chaos conditions in Brazil. "They got a little power hungry and are augmenting their demands. All of that is so out of Brazilian character. No one really knows…