Articles tagged under: Luke Swenson

Northern Plains Planting Progress Continues to Lag

Published May 24, 2022

U.S. farmers picked up the planting pace across the country in the last week, but the Northern Plains continues to lag behind. USDA has the U.S. corn crop at 72 percent planted. The Money Farm market analyst Luke Swenson says…

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Crop Production in a War Zone

Published March 12, 2022

Ukraine's state-run railroad is trying to fill the void from the closure of Black Sea ports. Ukrainian railways may deliver grain to border areas where it could go to ports. "I don't know how excited I'd be to be a…

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Crop Losses Too Big to Offset Overall Production

Published August 15, 2021

USDA indicated last week the eastern Corn Belt’s crop will not be big enough to offset the losses seen in the western Corn Belt. The Money Farm market analyst Luke Swenson is surprised USDA went that route. "We've been arguing…

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Northern Plains Spring Wheat Continues to Struggle

Published July 12, 2021

Spring wheat conditions are tough in the Northern Plains. USDA acknowledged that in the weekly crop condition and July WASDE reports. The Money Farm market analyst Luke Swenson thinks the majority of spring wheat harvest will be complete in the…

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USDA Lowers Spring Wheat Production

Published July 12, 2021

Stone X Group Chief Commodities Economist Arlan Suderman was expecting the USDA’s spring wheat production estimates to be low, but then, the USDA went lower. "I had one of the lowest trade guesses for wheat at 358 million bushels and…

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Small Reduction in Corn Carryout

Published February 9, 2021

Grain traders were slightly surprised in the small reduction for U.S. corn carryout in the February USDA report. "Traders were looking at a 150 to 200 million bushel reduction in corn carryout through the lens of exports and unfortunately, all…

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An Acreage Battle

Published December 27, 2020

Higher prices for corn and soybeans may incentivize local farmers to change the acreage mix for next year. The Money Farm market analyst Luke Swenson says seed companies are prepping for strong demand for these crops. "Ironically, the growers out…

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An Atypical Harvest Market

Published November 10, 2020

Going into the November Supply and Demand Report, the Money Farm market analyst Luke Swenson says grain traders were optimistic the USDA would tighten supplies, but the trade was only looking for a small reduction to corn and soybeans. "Then,…

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Quiet Grain Markets Ahead of this Month’s USDA Report

Published September 5, 2019

Money Farm market analyst Luke Swenson expects the grain market to be quiet ahead of the USDA report on September 12. "We aren't expecting much in the way of change on yields. News wise and fundamentally, they don't need to…

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Soybeans Could Be the Bullish Story in August Report

Published August 13, 2019

The Money Farm director Luke Swenson is surprised at the soybean yield estimate in Monday’s report from USDA. At an estimated 48.5 bushels/acre, Swenson says soybeans are the bullish story. "We shaved five million acres off of expected production. They…

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