U.S. producers, facing a global grain glut, record bumper crops and markets trading multiyear lows, may see lower exports to China as the result of an escalating clash over agriculture trade worth $20 billion.
We expect things will slowly continue to improve in the near term as producers around the world struggle to turn production back on and demand continues to work its way through stocks.
Chris Barron of Ag View Solutions talks to Market Rally's Chip Flory about topics ranging from soybean yields to cash rents, to tight budgets and fungicide.
With crop production increases in South America for planting season, 2017 could be a competitive year for U.S. farmers.
Today, the CME Group in Chicago announced news some in the industry say they were anxiously waiting to hear.
The European Union has been encouraging dairy producers to cut milk production for months. It’s working, but will it continue?
U.S. lawmaker and farmers who are skeptical of a proposed Bayer-Monsanto merger have company: German lawmakers also oppose the deal.
Russian wheat exports haven’t lived up to expectations so far this season as falling prices made some growers reluctant to sell grain to traders amid a halt in purchases by Egypt, the world’s largest buyer.
China’s insatiable demand is boosting soybean prices, while wheat is facing headwinds of a global glut and foreign competitors with weaker currencies, according to analysts.
Regardless of strong yields, prices are finding a footing. What farmers need now is some traditional fall weather, says Jerry Gulke, president of the Gulke Group.
Shipping industry turmoil increases freight rates and slows shipments of goods crossing the Pacific.
Although the amount of soybeans, corn and wheat inspected for export fell this week, export sales rose for the 2016 marketing year compared to the same period a year ago, according to USDA.
The world’s largest wheat buyer will allow cargoes containing up to 0.05 percent of ergot, which is considered harmless in trace amounts, the Agriculture Ministry said on Wednesday.
Could scant supplies of South American soybeans light the spark for a market rally, as growers there switch some soybean acres to corn?
Midway through harvest, with farmers wondering whether they should wait until prices go up before selling their corn and beans, Jerry Gulke, president of the Gulke Group in Chicago, is advising farmers that it would be better to wait.
South America’s corn crops may be shrinking, but soybean crops are increasing, and soybean producers are expected to increase plantings of Monsanto’s second-generation GMO by nearly 60%. And Argentina is holding off on getting rid of a soybean tax.
Farmers are facing a tough road ahead and could be seeing a bull market in 2018, said Bob Utterback of Utterback Marketing on AgDay.
Will regulators say yes?
That’s the big question for the $66 billion Bayer–Monsanto acquisition deal. If approved, it would be the ninth largest merger ever.
Farmers who are waiting to sell their corn and hoping for a recovery before all of this year’s bumper crop is harvested are likely to be disappointed, according to analysts.
"We could be doing much better, particularly if our grain exports could compete in China on a level playing field," according to U.S. Agriculture Secretary Tom Vilsack.