Markets Articles
Low Chicken Prices Cut into Profits
Published July 27, 2023
Pilgrim's Pride reports second quarter profits of $60.5 million, a decline of 83 percent from one year ago. Pilgrim's Pride is the second-largest U.S. chicken company and is owned by Brazilian meat company JBS.Spiritwood Crush to Begin in Q4
Published July 26, 2023
The new soybean crush facility as Spiritwood, North Dakota is scheduled to begin operation during the fourth quarter. Archer Daniels Midland made the announcement when it released its quarterly financial report. This facility is a joint venture between ADM and…Danube River Shipping Hampered by Drone Attacks
Published July 25, 2023
Russian drones damaged grain storage along the Danube River. The river was rarely used to export Ukrainian grain before the war with Russia, but it has become an important shipping channel. Strategie Grain said the attack could discourage commercial shippers…What’s Hot, What’s Not in the Markets
Published July 24, 2023
In this week's edition of What's Hot, What's Not in the Markets, Martinson Ag Risk Management President Randy Martinson says the weather forecast remains the main driver in the grain market. "We're also seeing Russia continuing to lob missles at…Hearing Scheduled for Federal Order Reform
Published July 24, 2023
USDA has scheduled a national hearing to review federal milk marketing orders for August 23 near Indianapolis. Thirty proposals were submitted and 21 are in the scope of the hearing. In an interview with the Red River Farm Network, Associated…Russia Ramps Up Attack on Ukrainian Grain Infrastructure
Published July 24, 2023
After quitting the Black Sea grain deal, Russia has targeted Ukrainian ports on a nearly daily basis. Russian drones attacked the Ukrainian port infrastructure on the Danube River overnight. Grain storage facilities were destroyed in the attack. The port city…Register Now for NCI’s Market Update: Special Edition Webinar with Dave Green
Published July 21, 2023
The Northern Crops Institute is hosting a Market Update: Special Edition webinar on Thursday at 2:30 PM. This special edition will feature Dave Green, Executive Vice President, Wheat Quality Council, and will focus on this year’s Hard Spring and Durum…Ukraine Wants Grain Deal to Return
Published July 21, 2023
Ukraine’s foreign minister is calling for the restoration of the Black Sea Grain Initiative. During a stop in Pakistan, the Ukrainian leader said it is impossible to ship the necessary amount of grain by land. The United Nations has warned…Crop Scouts Converge on North Dakota for Wheat Tour
Published July 21, 2023
The Wheat Quality Council’s Spring Wheat and Durum Tour will criss-cross North Dakota and surrounding states in the week ahead. WQC Executive Vice President Dave Green is trying to not overanticipate the size of the crop. "I saw the government estimated…