Unfortunately, a lot of farmers have 2016 corn unpriced right now, and it’s time to take control, according to Brian Basting of Advanced Trading.
Bearish grain markets were mixed in early trading Thursday, but soybean export sales were strong, according to Joe Vaclavik of the blog Standard Grain.
Could the deluge that dumped 2.5 feet of water on Louisiana, killing 13 people and damaging 40,000 homes, also slow record grain exports?
With markets rebounding, a bumper harvest approaching, and China’s ever-growing soybean demand, the market has continued to shrug off bearish USDA yield estimates, observed Jerry Gulke, president of the Gulke Group in Chicago.
Ruslan Sokol has no idea why prices for wheat he grows on the vast flatlands of central Ukraine have started to recover from five-year lows. A thousand miles to the west, French farmer Stephane Jean knows all too well.
Russian billionaire Andrey Melnichenko, whose fertilizer company is investing more than $6 billion in potash mining, said it could take at least a decade for the potash market to work off the excess because of the past “disruptive” actions by the largest sellers.
Even with crop shortfalls, Brazil’s exports soared as crushing plants in Brazil cut back, and flooding drowned some of Argentina’s corn fields.
BHP Billiton Ltd., the world’s biggest mining company, may end up “mothballing” its Canadian potash project by the end of this decade after completing two shafts at a cost of about $2.6 billion.
Skepticism over record-breaking crop production estimates explains why the market shrugged off the “hugely bearish” USDA Aug. 12 report, according to Jack Scoville of the Price Futures Group.
Cargill Inc. and Louis Dreyfus Co. are among the companies that have stopped some processing of soybeans in Brazil, the world’s biggest exporter of the commodity, amid a domestic shortage and vanishing profit margins.
With markets trending upward after USDA on Friday released projections for the biggest-ever soybean and corn harvests, some analysts are wondering how long soaring demand could keep markets bullish.
Markets shrugged off USDA’s bearish record-breaking crop estimates in Friday’s Crop Production report. Some analysts cast doubt on the accuracy of the report’s big production numbers.
The U.K. also will match the level of agricultural funding until 2020, Chancellor of the Exchequer Philip Hammond said in the statement.
As bearish as USDA's estimated 175.1 bpa corn yield sounds, Jerry Gulke says there's no need for growers to panic, given the strong demand numbers also released today.
Here's what U.S. producers need to know about South America this week: Brazilian president Dilma Rousseff is impeached by Senate, corn and soybean production down in Brazil, and Argentina cashes in on wheat exports.
Low prices cure low prices, and Societe Generale analyst Rajesh Singla sees cause for optimism in the months ahead, once harvest pressure on prices has ended.
JBS SA’s second-quarter profit surged as a depreciation in Brazil’s currency boosted revenue at the world’s largest meat producer, and it ended a currency hedging position that slashed earnings a year earlier.
Cargill Inc. is continuing to review its sprawling array of businesses as the largest closely held U.S. company tries to recover profitability lost amid a slump in agricultural prices and some commodity-trading missteps.
InVivo, France’s largest wheat exporter, will need to supply customers with grain from other nations after heavy flooding devastated the crop, potentially leaving exports at their lowest since 2001.
Shrinking demand by China for corn and corn substitute imports could also decrease soybeans, according to a report by Rabobank, a Dutch banking and financial services firm.