Episode Description: The markets continue to tell a story as prices trend upward. According to AgCountry Farm Credit Services market education specialist Katie Tangen, weather is starting to play into market mentality. Some farmers in the Northern Plains put seed in the ground before the rain and snow started to fall, others did not. Weather uncertainty could start influencing planting and marketing decisions as well. In the latest Rural Perspectives podcast, Tangen said farmers who’ve received some relief from dry conditions are more certain about production than those who haven’t.
Rural Perspectives provides a look at marketing and risk management strategies, presented by AgCountry Farm Credit Services. This RRFN production is also available on iTunes, Spotify, or download your favorite podcast app in the Google Play store.
Published March 29, 2021
Episode Description: USDA’s Quarterly Stocks and Planting Intentions Reports will be released this Wednesday, March 31. "Quarterly Grains Stocks is always important, but because the balance sheets are so tight, the market is sensitive," says Katie Tangen, market education specialist, AgCountry Farm Credit Services. "Is 90 million acres of soybeans in the Prospective Plantings enough? We won't know until further into the summer. Corn at 92 million acres is okay." Tangen says planting intentions typically do change, especially if dry conditions in the Northern Plains persist. These numbers sets the grain trade up for the next month or so. Hear more about the upcoming reports, the new Pandemic Assistance for Producers plan and more in the Rural Perspectives podcast.
Published March 14, 2021
Episode Description: Soybeans continue to be a point of discussion in the commodity markets. AgCountry Farm Credit Services market education specialist Katie Tangen thinks there could be some confusion when interpreting soybean stock numbers from USDA. That market is very seasonal, so it’d be normal for the U.S. soybean sales to be lower in the coming months. Looking further down the road in the late July/August timeframe, Tangen says U.S. soybeans start to become more competitive again. Hear more in the latest Rural Perspectives podcast episode.
Published February 26, 2021
Episode Description: There are opportunities in this current market environment. AgCountry Farm Credit Services market education specialist Katie Tangen encourages farmers to not delay decisions to sell. "The market can go either up or down, and I think there is more volatility because there is quite a bit of risk than we normally see." Hear more from Tangen in the latest Rural Perspectives podcast.
Published February 1, 2021
Published January 18, 2021
Episode Description: In this week's Rural Perspectives podcast from AgCountry Farm Credit Services, market education specialist Katie Tangen talks about the January Crop Production Summary and upcoming events from AgCountry. Listen now.
Published December 28, 2020
Episode Description: Even though the soybean markets leveled off at the beginning of December, that market has found its foot ever since. AgCountry Farm Credit Services Market Education Specialist Katie Tangen says South American weather continues to be a driver. "We continue to see a lot of (soybean) demand. It is uncertain if Brazil will be able to fulfill that demand over the next six months." Hear more from Tangen on a rally in the markets, the latest COVID-19 relief package and more in the latest Rural Perspectives podcast.
Published December 14, 2020
Episode Description: As 2020 comes to a close, the agriculture industry is still asking one important question: Will China meet phase one trade agreement requirements with the U.S.? "I think they will do their best, but I don't know if the dollar target will be met," said Katie Tangen, market education specialist, AgCountry Farm Credit Services. "It's two-fold; how much and at what price. I do think we will see some sustained interest." Tangen says the other piece of the puzzle is South America. Hear more in the latest Rural Perspectives podcast from AgCountry FCS.
Published November 30, 2020
Episode Description: There is a large inverse in the markets between old and new crop corn and soybeans. "I would be cautious about selling ahead. That will work when you have a carry, but then obviously you'd rather just go straight ahead to the new crop month," says Katie Tangen, market education specialist, AgCountry Farm Credit Services. "When there is this large of an inverse, that is hard to erase. It's not impossible, but it does mean you have to be sure of a couple things." Hear more from Tangen in the latest Rural Perspectives podcast.
Published November 16, 2020
Episode Description: This recent market rally is pretty unusual for this time of the year. "I know of some sales out there that farmers wish they hadn't made," says Katie Tangen, market education specialist, AgCountry Farm Credit Services. "However, you have to remember that hindsight is 20/20. You look back saying 'oh I shouldn't have done that," but you did it for a reason. At that time with the knowledge you had it was the right marketing decision." Hear more from Tangen in the latest edition of the Rural Perspectives podcast.