Markets Articles
Register for NCI’s Next Market Update Webinar
Published September 17, 2023
The Northern Crops Institute is hosting a market update webinar on Wednesday at 8 AM. This webinar will feature Allison Thompson, commodity broker/market analyst, The Money Farm. This webinar series focuses on providing new market insights. For more information about the…Dealing With Fertilizer Market Volatility
Published September 15, 2023
During Wednesday's RRFN seminar, StoneX Vice President of Fertilizer Josh Linville emphasized the need to look for marketing opportunities when locking in fertilizer prices. It can be useful to think of purchasing inputs in terms of a ratio of bushels/output,…An Eventual Shift in Acreage Expected
Published September 15, 2023
Martinson Ag Risk Management President Randy Martinson believes the new soybean crush plants in North Dakota will influence the acreage mix. "I think we'll see an increase in bean acreage, especially when you look at it in the eastern parts of…No Relief in Sight for Low River Levels
Published September 15, 2023
Low water levels on the Mississippi River have slowed barge movement. The Money Farm commodity broker Allison Thompson is concerned about grain movement on the river. "Last year we had the same issue but we ended up getting hurricanes coming…A Change for Soybean Marketing
Published September 15, 2023
The development of the soybean crush business in the region will influence local basis levels. West Central Ag Services grain merchandiser Randy Zimmerman was part of the Red River Farm Network market outlook forum Thursday and said this new market…Crude Prices Reach Ten-Month High
Published September 15, 2023
Crude oil prices have topped $90 per barrel, which is a ten-month high. Advance Trading Risk Management Advisor Tommy Grisafi said there is some positive news for the farmer with the high energy prices. "For the average consumer, it stinks,"…More Competition for Soybeans
Published September 15, 2023
The new soybean crush plant at Spiritwood will begin processing soybeans on Wednesday. Kristi Van Ahn, who is with Van Ahn and Company, was part of a market outlook panel discussion at the Big Iron Farm Show. Van Ahn said…Corn Ending Stocks Up in September Report
Published September 13, 2023
USDA increased its corn production estimate and 2023/2024 corn ending stocks in its supply/demand report. Corn production is forecast at 15.1 billion bushels with an average yield of 173.8 bushels per acre. Last month, average yields were estimated at 175.1…U.S.-India Announce Tariff Reduction
Published September 11, 2023
The United States and India have reached an agreement to lower tariffs on U.S. turkey exports to India. Tariffs will be lowered from 30 percent to five percent. “For too long, high tariffs have prevented American turkey farmers from exporting…