Articles tagged under: Brian Hoops

Export Sales Woes

Published August 28, 2022

USDA changed to a new export sales reporting system and that is causing a lot of uncertainty in the export sales report numbers. Midwest Market Solutions President Brian Hoops is frustrated. "You don't know if you can trust the new…

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Egypt Cancels Wheat Tender

Published July 19, 2022

Egypt's state grain buyer, the General Authority for Supply Commodities, cancelled its international tender for wheat, stating the offer prices were more expensive than expected. Egypt lowered protein levels for the tender and the United States was hoping to make…

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Spring Wheat and Soybean Markets Stay Higher

Published May 27, 2022

Midwest Market Solutions President Brian Hoops says the Minneapolis spring wheat contract is trying to incentivize planting while there’s a window to get it done. "After June 5, it's really difficult to grow a very good spring wheat crop. There's…

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Crop Development is Getting Pushed Back

Published April 25, 2022

While planting progress is delayed, Midwest Market Solutions President Brian Hoops says there is still plenty of time to get the crop planted. "The biggest concern is temperatures that won't allow for quick emergence. It's a slow start to the…

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Few Surprises in April WASDE Report

Published April 8, 2022

USDA made no changes to U.S. corn ending stocks and only minor changes to wheat and soybean stocks. Midwest Market Solutions President Brian Hoops says the biggest surprise in Friday's report was with corn exports. "The USDA lowered corn and…

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Market Volatility Impacting Basis Values

Published March 9, 2022

Volatility in the commodity markets has traders very wary of being caught on the wrong side of the market. Midwest Market Solutions President Brian Hoops says the volatility is a combination of speculative interest and electronic trading. "The biggest thing…

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Not Much Old Crop Grain Left to Sell in the U.S.

Published May 17, 2021

Strong basis levels continue to suggest a limited supply of grain in the country. "There were lots of corn and soybean sales last fall and there's been some sales reaching at the $5 to $6 mark and now, farmers are…

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The Acreage Battle May Impact All Commodities

Published January 3, 2021

Corn and soybean futures continue to push higher due to limited supplies. Midwest Market Solutions President Brian Hoops thinks the acreage battle will impact all commodities. "The bidding war for acres will be a supporting feature for spring wheat and…

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Wheat Markets Respond Positively Following December USDA Report

Published December 11, 2020

The wheat markets saw a positive reaction following the December USDA report. "The ending stocks numbers are still pretty large, but it's a step in the right direction," said Brian Hoops, president, Midwest Market Solutions. Wheat also has a story…

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No Economic Incentive to Store Soybeans at Harvest

Published September 25, 2020

Farmers are cautious about selling soybeans off the combine. Midwest Market Solutions President Brian Hoops says farmers don’t really want to sell on the lower markets, but storing them is not a good option either. "There's no economic incentive to…

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