Markets Articles
A Stern Warning for Brazil
Published August 11, 2023
Agriculture Secretary Tom Vilsack is demanding timely reporting of cattle diseases, especially BSE. Earlier this year, Brazil reported two cases of atypical BSE two months after the disease was discovered. Vilsack said beef trade between the two countries is dependent…Market Fatigue Over Russia-Ukraine War
Published August 10, 2023
Ukraine has announced a 'humanitarian corridor' to move container ships and other vessels that have been stranded since the war began in February of 2022. This comes at a time when the war in Russia and Ukraine appears to be…Waiting for Guidance on Sustainable Aviation Fuel
Published August 10, 2023
The biofuels industry is awaiting the Treasury Department’s guidance on the fuels that qualify for the Sustainable Aviation Fuel Tax Credit. Renewable Fuels Association President and CEO Geoff Cooper is focused on the methodology. "The Inflation Reduction Act established a tax…State of the Farm
Published August 9, 2023
Bushel has published its 2023 State of the Farm Report. Nearly 1,400 farmers participated in the survey with most of the respondents representing large acreage farms. Only four percent of those surveyed are highly satisfied with their grain marketing results.…Rebuilding the Cattle Herd
Published August 9, 2023
Beef cow numbers are at levels not seen since 1970. According to CattleFax CEO Randy Blach, there’s still room for a further reduction in the size of the cow herd. "Beef cow slaughter is down about 700,000 head in 2023,…Risks Remain for Black Sea Grain Exports
Published August 8, 2023
The market has paid little attention to the escalation of the conflict in the Black Sea Region. However, Lakefront Futures Senior Hedge Advisor Darin Fessler remains wary. "We've seen the news of the Ukraine port brushed off but if something…Record Yields Forecast in Digital Tour
Published August 8, 2023
Despite the early season drought, the annual DTN Digital Yield Tour suggests a record corn crop could be harvested this year. DTN is forecasting a national average corn yield of 177 bushels per acre. That is just above the previous…With Financial Losses, Tyson to Shut Down Additional Plants
Published August 7, 2023
Tyson Foods is reporting a net third quarter loss of $417 million. That compares to a profit of $750 million one year ago. Tyson has already shut down two chicken processing plants to reduce costs and four additional plants are…Standing Up for the Sugar Program
Published August 7, 2023
Florida Representative Kat Cammack, who is a member of the House Agriculture Committee, spoke at the International Sweetener Symposium saying ‘food security is national security.’ Cammack introduced the zero-for-zero resolution earlier this summer. This plan calls for the elimination of…