Articles tagged under: Brian Hoops
Market Awaits Acreage Report
Published March 24, 2023
Midwest Market Solutions President Brian Hoops says the trade has shifted its focus to the USDA planting intentions report at the end of the month. Spring weather will also become a major mover. "It could be a very delayed spring…China Transitions to South America for Soybeans
Published February 10, 2023
February is typically the time of year when the pace of U.S soybean exports begins to slow with the South American crop becoming available. Midwest Market Solutions President Brian Hoops says cancellations have happened. "China probably canceled some soybean purchases,…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…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…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…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…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…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…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…