Markets Articles
Trade Must Be Based in Science
Published February 24, 2023
A series of meetings are scheduled between the United States and Mexico on the proposed ban on biotech corn. If Mexico doesn’t change its position, the U.S. will activate the dispute settlement process through the U.S.-Mexico-Canada Agreement. Agriculture Secretary Tom…Record Trade Deficit
Published February 24, 2023
USDA is forecasting a record agricultural trade deficit of $14.5 billion. The Agriculture Department blames the value of the U.S. dollar for the negative trade balance. Senate Agriculture Committee Ranking Member John Boozman said this forecast is not unexpected given…BSE Confirmed in Brazil
Published February 23, 2023
Due to the confirmation of a case of BSE, Brazilian beef sales to China have been suspended. This appears to be an atypical case, meaning the disease appears spontaneously in nature. The suspension is expected to be a temporary situation…Traders Focused on Brazil Planting Progress
Published February 22, 2023
Traders continue to watch harvest and second crop corn planting progress in Brazil. Loewen and Associates market analyst Matt Hines says the pace continues to lag. "They're around 25-30 percent complete right now, but typically this time of year they're…Crop Insurance Deadlines and Considerations
Published February 21, 2023
March 15 is the deadline to elect crop insurance coverage. MinnStar Bank Farm Management Analyst Kent Thiesse says now is the time to analyze risk and consider important questions. “There’s a lot of drought potential even though we’re getting a…Fertilizer Watching Global News
Published February 20, 2023
At the Northern Corn and Soybean Expo in Fargo, StoneX Director of Fertilizer Josh Linville said he expects spring fertilizer prices to be more stable than last year with supply chain issues subsiding. Linville stressed the importance of watching the…Black Sea Grain Initiative Up for Renewal in March
Published February 19, 2023
This agreement allows grain to move out of Black Sea ports and was put together by the United Nations, Turkey, Ukraine and Russia. Negotiations for an extension will begin this week. Those talks may be complicated by Ukrainian accusations that…Competition, Not Conflict
Published February 17, 2023
On Thursday, President Joe Biden shed some light on the aerial objects shot down this month, including the Chinese surveillance balloon. Biden said there is no evidence the three smaller balloons were for anything more than scientific research or recreation.…New MN Record for E15
Published February 16, 2023
For the first time in history, annual E15 sales in Minnesota topped the 100-million-gallon threshold in 2022. Nearly 105.5 million gallons were sold last year. That represents a 21 percent increase from the previous record of 87 million gallons in…