Markets Articles
Interest Rates Unchanged
Published September 21, 2023
As expected, the Federal Reserve left its benchmark interest rate unchanged. Inflation has dropped from a year-over-year peak of nine percent in June of last year to 3.7 percent last month. Fed Chair Jerome Powell said that trend has allowed…Camelina Delivered for MT Biorefinery
Published September 20, 2023
Montana Renewables, which is a subsidiary of Calumet Specialty Products Partners, has celebrated the initial deliveries of camelina for its biorefinery in Great Falls, Montana. This facility produces renewable diesel and sustainable aviation fuel.A Milestone for Green Bison Soybean Processing
Published September 20, 2023
Tuesday was a historic day for the new Green Bison Soybean Processing plant in Spiritwood. The plant received its first truckload of soybeans. When fully operational, Green Bison Soybean Processing will have a capacity of 150,000 bushels of soybeans per…Groundbreaking for Mitchell, SD Crush Plant
Published September 20, 2023
After more than two years of planning, High Plains Processing broke ground for its new soybean crush plant south of Mitchell. South Dakota Soybean Processors made the initial investment in this $500 million project. BP Products North America is a…Milk Production Edges Higher
Published September 19, 2023
Milk production in the 24 major states totaled more than 18 billion pounds, down three-tenths of one percent from last year. Minnesota milk output is down one percent with cow numbers down 2,000 head from last year. South Dakota had…A Wakeup Call
Published September 18, 2023
The Federal Open Market Committee will make another interest rate decision this week. Innovus Agra President Bret Oelke said the issue for farmers goes beyond the percentage rate increase. "We've pushed ahead enough income and we've prepaid for enough expenses…Yields Will Likely Push Lower
Published September 18, 2023
Reflecting on Tuesday's USDA supply/demand report, Gulke Group President Jerry Gulke said the government still has time to massage these numbers. "We had such hot weather in May and June, especially in Illinois," said Gulke. "For the first time in…Use Puts to Protect Cattle Prices
Published September 18, 2023
Cattle prices have been in a steady upward trend for months. At the same time, corn prices have been declining. "The market is telling the cattle producers to get ready to hold back heifers and that will help put the…What’s Hot, What’s Not in the Markets
Published September 18, 2023
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson said the cattle market is very strong. "We continue to reach all-time records on an almost daily basis."