Markets Articles
Market Looks Beyond the Report
Published October 12, 2023
Corn and soybean production was lowered in Thursday's USDA report, which was within trade expectations. Martinson Ag Risk Management President Randy Martinson said the ending stocks gave the market this bump, "but, corn and soybeans stocks were cut a little…S/D Report Released
Published October 12, 2023
In Thursday's supply/demand report, USDA forecast corn production at 15.1 billion bushels with an average yield of 173 bushels per acre. Production is down ten percent from last year, but in line with trade expectations. The corn yield is a…Wheat Production Figure Increased Over Past Month
Published October 12, 2023
U.S. wheat production is estimated at 1.8 billion bushels, up from 1.7 billion in September. Wheat ending stocks are at 670 million bushels, up from 615 million last month. The all-wheat price is estimated at $7.30 per bushel, down from…Register for NCI Market Outlook Webinar
Published October 12, 2023
The Northern Crops Institute is hosting a market update webinar on Wednesday at 8 AM. This webinar will feature Matt Ammermann, Commodity Risk Manager/Vice President of Eastern Europe/Black Sea Region, StoneX Financial Inc. Ammermann will discuss the World Agricultural Supply…River Levels Plummet, Concerns Rise
Published October 12, 2023
Mississippi River water levels at Memphis reached a record low of minus 11.5 feet this past week. The low water levels have disrupted barge traffic on the river. When the drought dropped river levels last year, the lowest elevation was…Epitome Energy Expected to Begin Construction in the Spring
Published October 12, 2023
Epitome Energy hopes to have its financing in place by the end of the year for its proposed soybean crush plant in Grand Forks. In a meeting with the Grand Forks City Council, Epitome CEO Dennis Egan said activity is…Consumers Say Animal Diet is Important to Decision-Making Process
Published October 11, 2023
A new survey commissioned by the United Soybean Board found 77 percent of consumers are more likely to purchase meat if it is raised and fed by U.S. farmers. If the animal is born, bred and raised in the U.S.,…HPAI Confirmed in MN
Published October 11, 2023
A commercial turkey flock in Minnesota’s Meeker County is being quarantined and the birds will be destroyed. USDA has confirmed Highly Pathogenic Avian Influenza in the flock and the seasonal wild bird migration is getting the blame. This flock has…Interest Rates and Strong U.S. Dollar Pressures Ag Economy
Published October 11, 2023
The combination of high interest rates and a strong U.S. dollar is having a significant impact on the farm economy. According to the new quarterly report from the CoBank Knowledge Exchange, the United States is also facing sizable export competition…