Articles tagged under: markets
China’s Recent Purchases of U.S. Soybeans Have Mixed Feedback
Published June 5, 2020
Last week's soybean sales to unknown destinations and to China are good news for the soybean market. However, Global Commodity Analytics and Consulting President Mike Zuzolo said it’s not all good news. "Most of it, almost 75 percent, is for…Be Short Term Positive for the Markets
Published May 27, 2020
Cash basis bids have been firming slightly over the past month as more ethanol plants come back on line. Utterback Marketing President Bob Utterback says farmer are also reluctant sellers, which is firming the cash bid. "The firmness we're seeing…A Reduction in ND Corn Acres Not Enough to Impact Market
Published May 15, 2020
The lack of fresh bullish news has grain traders watching for hiccups in planting progress. Corn acres in question are likely not enough to impact the market. "We have the USDA forecasting 97 million acres of corn planted and of…Utterback: Watch for Seasonal Corn Rallies
Published May 13, 2020
USDA’s projection of a very large corn carryout will keep pressure on corn prices. Utterback Marketing President Bob Utterback recommends farmers use seasonal rallies to catch up on corn sales. "I think there's more of a chance corn will try…Attorney Generals, Ag Organizations Support Federal Investigation of the Beef Market
Published May 9, 2020
Attorney generals from 11 states, along with agricultural organizations and Congressional members, are calling for a federal investigation into the beef market. "There is great diversity between the price of finished cattle coming out of feedyards and going to packers…China and Mexico Buy U.S. Corn and Soybeans
Published May 5, 2020
Private exporters reported sales of 378,000 metric tons of soybeans to China and 109,000 tonnes of corn to Mexico on Tuesday. "This is exactly what we want to see," says Ryan Moe, market analyst, INTL FCStone. "We will have a…Sheep Markets Feel the Repercussions of COVID-19
Published May 4, 2020
The lamb market is one of the protein segments feeling the repercussions of COVID-19. The American Sheep Industry Association estimates $125 million in immediate damages for sheep producers. In total, that is a $350 million spread over the entire 2020…A Tipping Point for the Corn Market
Published April 28, 2020
According to Country Futures market analyst Darrell Holaday, the corn market is at a tipping point, hovering right at the 2007 contract lows. "There's no story for corn without ethanol. We shut the world economy down, which impacted ethanol and…Negative Oil Prices Pressure the Corn Market
Published April 21, 2020
The May crude oil contract fell to unprecedented levels on Monday, just ahead of expiration. The negative oil prices pressured the corn market. "The crude oil prices were negative at one point. That means ethanol producers are going to be…