Articles tagged under: AgriSompo North America

Soybean Yield a Big Surprise

Published August 12, 2022

AgriSompo North America market analyst Sterling Smith says USDA’s soybean yield was major surprise to the market. "The market was completely blindsided by that. This surprise sent soybeans spiking lower, taking corn with it. The wheat market didn't even really…

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Strange Commodity Markets

Published July 18, 2022

The grain market action is acting strange. AgriSompo North America market analyst Sterling Smith says there are several factors playing into the situation. "The producer price index did not bring great news. People were hoping the month-over-month number would ease…

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Recession May Already Be Here

Published June 24, 2022

AgriSompo North America market analyst Sterling Smith thinks the U.S. is already in a recession. "I'm going to say something few are willing to say, we're in a recession in the United States right now. The GDP numbers in the…

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A Price Shock Coming to Gas Pumps Near You

Published May 14, 2022

Energy prices continue to rocket higher. AgriSompo North America market analyst Sterling Smith expects even higher energy prices. "Crude oil is up $3.50 to $4 per barrel. Unleaded gasoline is up 12 cents per gallon and diesel prices are up."…

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Acreage Battle in Place Until Planting Begins

Published April 8, 2022

AgriSompo North America market analyst Sterling Smith expects acreage decisions to be changeable until the last minute. "The farmer can wait; they'll wait and see where prices are at. There are more questions this year than last year and it…

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Markets Bruised by Increased Volatility

Published March 28, 2022

AgriSompo North American market analyst Sterling Smith expects the grain market to consolidate ahead of this week’s stocks and planting intentions reports. "It may a wild and loud consolidated trade. The markets are still a little damaged from all of…

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Energy Costs Not Going Down In Near Future

Published March 18, 2022

Rising fuel prices are a major concern ahead of spring planting. AgriSompo North America market analyst Sterling Smith says fuel costs will be painful for everyone. "I suspect we're going to see diesel hitting $6 a gallon sometime in the…

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China’s Corn Cancellation Not Surprising

Published February 4, 2022

China canceled a purchase of 380,000 metric tons of corn Thursday. AgriSompo North America market analyst Sterling Smith wa not surprised. "When you deal with China you have to get used to cancellations." USDA’s weekly export sales were within trade…

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USDA Nails the September WASDE Report

Published September 12, 2021

AgriSompo North America market analyst Sterling Smith says the USDA nailed the September supply and demand report. "You have to give the survey credit here, because the numbers hit really close. I thought the corn yield was right on the…

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Critical Weeks Ahead for U.S. Crops

Published July 18, 2021

Traders will be watching weekly crop progress reports for signs of production issues. AgriSompo North America market analyst Sterling Smith says the next two to three weeks will be critical for this crop. "Monday's weekly Crop Progress report from the…

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