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Market Analysis
Published May 10, 2024
This Week In Agriculture
Published May 10, 2024
Cattle Prices Expected to Remain Strong into ’25
Published May 10, 2024
In its supply/demand report, USDA reduced 2024 U.S. red meat and poultry production from last month. Output is forecast to be lower for broilers, turkeys and pork. Beef production rose due to increased cattle slaughter and heavier dressed weights. For…Sugarbeet Outlook
Published May 10, 2024
According to the USDA, old crop beet sugar production declined to just over 5 million short tons, raw value. Processing continues for another month in the Red River Valley where the beet pile shrink is at nine percent but sucrose…Brazilian Corn Estimate May Boost U.S. Demand
Published May 10, 2024
Following the release of USDA's monthly Supply and Demand Report, Total Farm Marketing Senior Market Advisor Naomi Blohm said it offered friendly news for corn. "Because there was nothing unexpectedly bearish, the market has every reason now to hold the…S/D Report Bumps U.S. Corn Supply
Published May 10, 2024
The Agriculture Department calls for larger corn supplies, greater domestic usage, higher ending stocks, and higher exports. Corn ending stocks are projected to be up 80 million bushels from last year. The season-average farm price is projected to be $4.40…U.S. Wheat Projections
Published May 10, 2024
U.S. wheat supplies are estimated to be up six percent from last year on larger carry-in stocks and production. Wheat ending stocks are projected to be 766 million bushels, up 11 percent whe compared to last year. The projected season…Evaluate Corn for Imbibitional Chilling Injury
Published May 10, 2024
In the latest NDSU Crop and Pest Report, Extension Agronomist Clair Keene advises farmers who planted early to check corn for imbibitional chilling injury. "A day or two after planting, if it's cold or wet soil, that cold water that…Still Bearish, But Better Than Anticipated
Published May 10, 2024
Zaner Group ag hedge lead Ted Seifried says the May WASDE Report was slightly friendly for the corn market. "The old crop corn carryover came down by a 100 million bushels which was more than the trade was expecting," said Seifried.…