Markets Articles
Grain Stocks Drive Prices Lower
Published May 19, 2023
Projections are showing higher supply of corn and soybean for the next marketing year and driving corn and soybean prices lower. MinnStar Bank Senior Vice President Kent Thiesse says demand may not keep up. Spring planting progress throughout the corn…Drought, Corn Price Contribute to Cattle Market Strength
Published May 17, 2023
Cattle markets are seeing strength after backing off from recent record highs. Perham Stockyards owner Mitch Barthel expects this upswing to continue for a while. “This calf market should stay very strong outside of some sort of black swan event…Bill Designed to Protect U.S. Ag Exports
Published May 17, 2023
A bipartisan group of lawmakers have introduced a bill to protect American food products from unfair trade practices by foreign countries. The European Union has used common food names, such as parmesan and gouda, to block U.S. products from being…Ukraine Ends Export Restrictions
Published May 17, 2023
The Ukrainian government is removing export restrictions on a variety of ag commodities. The restrictions were imposed last year to prevent domestic food shortages during the ongoing war. The policy change is designed to bring more foreign dollars into Ukraine.What’s Hot, What’s Not in Markets
Published May 15, 2023
In this week’s edition of What’s Hot, What’s Not in Markets, Martinson Ag Risk Management President Randy Martinson says wheat continues to hold strength with rains holding up planting progress in areas of the Northern Plains. New crop corn and soybeans…Demand Erosion
Published May 14, 2023
U.S. grain prices are not competitive globally. Abbott Futures market analyst Ron McDaniel is seeing demand erosion. “China cancelled another 272,000 tons of corn so that’s a negative and we continue to be way too high priced on soybeans.” Even…Ending Stocks Were Primary Consideration in USDA Report
Published May 14, 2023
Midwest Market Solutions President Brian Hoops says USDA surprised the trade by cutting wheat production more than expected in the May World Supply Demand Report. “We knew it was going to be down, but it’s below last year's crop as…May WASDE Report
Published May 14, 2023
USDA expects lower wheat supplies, higher ending stocks of corn and higher soybean ending stocks. For 2023/2024 all wheat ending stocks are expected to be down 11 percent from last year at 556 million bushels. Corn ending stocks are up…Bullish Report for Wheat, Bearish for Corn, Soybeans
Published May 14, 2023
In the USDA supply/demand report, wheat ending stocks totaled 556 million bushels, down 42 million bushels from last year. The wheat stocks are at the lowest level in 15 years. Corn ending stocks totaled 2.2 billion bushels, up 805 million…