Articles tagged under: markets
Soybean Futures Reach $12 Price Level
Published December 17, 2020
The soybean markets hit the $12 level on Thursday. "I haven't seen much news other than lower export sales of soybeans," said Ted Seifried, chief market strategist, Zaner Ag Hedge. "In my opinion, we only have about 150 million bushels…Rural Perspectives
Published December 14, 2020
As 2020 comes to a close, the agriculture industry is still asking one important question: Will China meet phase one trade agreement requirements with the U.S.? "I think they will do their best, but I don't know if the dollar…More Growing Season Left in South America
Published December 11, 2020
Clayton Pope Commodities President Clayton Pope says the Brazilian soybean crop estimates continue to be above last year’s production. "Even some of the lower end yields are still a bit above what Brazil produced one year ago," says Pope. "There's…Canadian Canola Production Declines in 2020
Published December 4, 2020
Canada’s canola production was down 4.5 percent at 18.7 million tonnes on lower production in Saskatchewan and Alberta. The latest Stats Can report said the national average yield decreased three percent to 40 bushels per acre while harvested acres fell…Canada Produces More Wheat, Corn and Soybeans in 2020
Published December 4, 2020
According to Statistics Canada, the favorable growing season allowed Canada’s farmers produced more wheat, soybeans, corn and small grains last year while canola production was down. Total wheat production was up nearly eight percent on increased acreage and a yield…NDFB Sets New Policy Priorities in Annual Meeting
Published November 23, 2020
NDFB met in Bismarck on Friday for their annual meeting. President Daryl Lies says the day-long event focused on a variety of policies including private property rights. "We're always finding new things that need to be changed including the open…Profit Isn’t a Bad Thing
Published November 17, 2020
Soybean prices were attractive at harvest time and bushels were sold right off the combine. Since that time, soybean prices have continued to surge leaving many farmers wondering if they sold too soon. Gulke Group President Jerry Gulke says profit…Basis Reflects Lower Yields and Carryout from USDA
Published November 13, 2020
USDA’s lowering of yields and carryout is reflected in basis levels. Progressive Ag Marketing market analyst Tom Lilja says the market was giving signs of tight supplies. "I think there's a big reason these basis levels have been so red…Price Rationing Seen in Soybeans
Published November 6, 2020
Soybean prices topped $11 this past week. Zaner Ag Hedge Chief Market Strategist Ted Seifried said these price levels haven’t been seen in four-and-a-half years. "Psychologically, it is a thing. From the technical perspective, $11 didn't mean a whole lot,…