Brian Hoops | Red River Farm Network

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…

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…

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…

ND Prevent Plant Potential Being Monitored by Traders

Published May 22, 2020

The slow planting pace in North Dakota has traders talking about prevent plant acres. "We definitely need warm, dry conditions," said Brian Hoops, president, Midwest Market Solutions. "If we don't see this in the next few weeks, I think we…

Adjusting to the Slowdown in Meat Processing

Published May 15, 2020

Slaughter capacity continue to be a bottleneck for meat producers. Midwest Market Solutions President Brian Hoops expects the livestock markets to continue to struggle until slaughter levels return to more normal levels. "We may never get back to where we…

Export Sales Help Friday’s Grain Market

Published March 6, 2020

There were some export sales on Friday, offering support against coronavirus fears. Midwest Market Solutions President Brian Hoops says the deliveries have slowed for soybeans and were virtually non-existent for corn in this process. "That's supportive for both markets. There…

Could See Soybean Acre Boost Ahead of Spring

Published February 24, 2020

Midwest Market Solutions president Brian Hoops expects soybean acres could increase before spring. "We have too much corn ending stocks on hand versus soybeans even though it's not a tight number, it's enough where we could want more flexibility." Hoops…

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Articles tagged under: Brian Hoops

Few Surprises in April WASDE Report

Market Volatility Impacting Basis Values

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

The Acreage Battle May Impact All Commodities

Wheat Markets Respond Positively Following December USDA Report

No Economic Incentive to Store Soybeans at Harvest

ND Prevent Plant Potential Being Monitored by Traders

Adjusting to the Slowdown in Meat Processing

Export Sales Help Friday’s Grain Market

Could See Soybean Acre Boost Ahead of Spring

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