On Strike
A strike is underway at the Swift Beef plant in Greeley, Colorado. The union rejected a request from JBS to negotiate over the weekend. "There is a lot of talk that they may not open this plant ever; it's unfortunate,…
Articles tagged under: Brian Hoops
WASDE Leaves Markets Watching Basis
The latest USDA WASDE report reinforced large grain supplies, pushing market attention toward basis and away from futures prices. Midwest Market Solutions President Brian Hoops says local production differences will play a major role in how basis develops this winter.…
Corn Was the Surprise for the Report
After the release of USDA's quarterly stocks report, Midwest Market Solutions President Brian Hoops said the supply of corn and soybeans will be replenished quickly with this season's crop. The corn estimate may have been tighter than some expected "because…
Ending Stocks Were Primary Consideration in USDA Report
Midwest Market Solutions President Brian Hoops says USDA surprised the trade by cutting wheat production more than expected in the May World Supply Demand Report. “We knew it was going to be down, but it’s below last year's crop as…
Market Awaits Acreage Report
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
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
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
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
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
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…
