Markets Articles
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Published December 9, 2022
Total Farm Marketing Senior Market Advisor Naomi Blohm spoke at the Ag Outlook Conference in Sioux Falls Thursday. Blohm offered an optimistic message about a growing soybean crush market. "That is good news for producers in the Dakotas because the…Wheat Reference Price Adjustment Needed in New Farm Bill
Published December 9, 2022
Crop insurance is the number one priority for the National Association of Wheat Growers in the next farm bill. NAWG President Nicole Berg also wants to see the PLC reference price for wheat to move beyond the current $5.50 per…November Fresh Potato Movement is Down
Published December 9, 2022
November fresh potato movement typically has the strongest activity for the year due the Thanksgiving Day demand. However, November sales were the smallest total for the month in modern history. U.S. packers shipped nearly 7.6 million hundredweight of fresh potatoes…Cattle Market Gains Aren’t Offsetting Increased Costs
Published December 7, 2022
Hub City Livestock Auction owner Steve Hellwig is seeing a $3-to-$5 permium for calves that are weaned and bunk-broke. Hellwig says the cattle market has some catching up to do. "Yes, the prices are $150-to-$200 more a head than what…The Bull Pen
Published December 7, 2022
Commodity prices have come down while input costs are still high. Advance Trading Risk Management Advisor Tommy Grisafi is urging farmers to consider this new dynamic. "We're going into a record high cost of production with 30-to-40 year high interest…Basis Tells the Story
Published December 6, 2022
The futures market is acting differently than it has in the past. Chiodo Commodities market analyst Marc Chiodo says the futures trade apparently divorced itself from the fundamentals. "The cash basis is telling us we're quite a bit tighter than…Crude Market
Published December 6, 2022
Crude oil prices have been active. With the United States likely transitioning into a recession, global oil demand is expected to remain cautious. China is also easing its stringent COVID-19 policies, which should increase demand. The OPEC nations kept their…Third Soybean Crush Plant Coming to ND
Published December 6, 2022
The Epitome Energy soybean crush plant that was going to be built in Crookston is now coming to Grand Forks. Epitome Energy CEO Dennis Egan cited Minnesota’s permitting process for the change in location. This proposed plant will process up…Land Price Trends and Headlines
Published December 5, 2022
After seeing farmland sell for $30,000 per acre in northwest Iowa, Pifer's Auction & Realty and Land Management President Kevin Pifer described the sale as "an aberration that really defies any common sense." Farmland values have seen a steady increase…