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Fielding Questions: Nervous Grain Markets
Published July 18, 2022
Money managers continue to pull money out of the commodity markets. "We've been so focused on what else is going on. There's a three-quarters of a percentage point interest rate hike in June. More is expected," says Katie Tangen, market…Presidential Disaster Declaration Approved for North Dakota
Published July 18, 2022
President Joe Biden granted North Dakota Governor Doug Burgum’s request for a presidential major disaster declaration. This spring, severe storms and flooding caused more than $57 million in damage across North Dakota. The declaration covers all 40 of the requested…Inflation Moves Higher
Published July 18, 2022
U.S. inflation continues to jump higher hitting levels not seen in 40 years. The U.S. Labor Department’s Consumer Price Index jumped 9.1 percent in June, up from 8.6 percent in May. June’s increase was led by an 11.2 percentage increase…New York Times Reports on Fufeng Project
Published July 18, 2022
The New York Times put the proposed Fufeng corn processing plant in Grand Forks on the front page of its popular Sunday edition. The story highlights the economic impact of this project and the community backlash against its Chinese ownership.…Corn Congress Delegates Reject Reference Price Resolution
Published July 18, 2022
The Minnesota and South Dakota corn grower groups offered a resolution during the National Corn Growers Association’s Corn Congress to increase reference prices under the PLC and ARC programs. This proposal was designed to address rising production costs. However, Corn…Rail Strike Averted For Now
Published July 18, 2022
President Biden used his emergency powers to prevent 115,000 rail workers from going on strike this week. The railroad companies and labor unions have 30 days to come to terms on a new contract. If either side rejects that proposal,…Progress Made for Resumption of Black Sea Grain Exports
Published July 14, 2022
The resumption of grain exports out Ukrainian ports is becoming more of a possibility. Officials from Ukraine, Russia, Turkey and the United Nations met Wednesday to find a solution to global food shortages. Turkey’s defense minister said an agreement was…Grain Markets Fighting Gravity
Published July 13, 2022
The risk-off action in the grain market continued following the release of Tuesday’s USDA supply and demand numbers. Brugler Marketing and Management President Alan Brugler thinks the grain traders were taking weather premium out of the market. "After we got…Give and Take
Published July 13, 2022
Matthew Krueger, who farms near East Grand Forks, says his crop is a week to ten days behind the normal pace. "We're looking at the middle of August before being able to starting to harvest small grains. It'll be a…