Beyond a few marketing strategies or providing a unique product for a niche market, sustainable practices offer opportunity in what looks to be another low-priced period in the grain markets.
We asked seven commodity market analysts to give commodity market outlooks for 2024 With their insights, the bearish market conditions will carry over, with a slightly more optimistic outlook for soybeans over corn.
Peter Meyer says, "Both the corn and soybean markets will need to take their lead from changes in both global and domestic demand given the production shortfall stories have become stale."
Leading ag economists expect inflation to return in 2024 and that will not only have an impact on the interest rate environment, but it could bring the fund or speculative community back in to buy commodities.
Sixty-five percent of farmers surveyed in July expect interest rates to climb in the next 12 months. On a positive note, 7 out of 10 said they expect farmland cash rental rates to remain roughly the same for 2024.
After hitting a record high for Class III fluid milk in April 2022 at nearly $26, spot month milk futures have plunged to new contract lows, hitting $14.92 per hundred weight on June 16.
After a volatile week, Jerry Gulke was encouraged corn and soybeans closed higher Friday and near session highs. That tells him the weather market, which is still in its early stages, hasn’t run out of steam.
Jerry Gulke, president of the Gulke Group, says the rally was both a weather and a technical recovery. The key is how long will the rally last and how should farmers position themselves in the market?
China seems to have made the strategic decision to buy ag products from just about every global supplier but the U.S., largely a result of the rising trade tensions between the two countries.
The Federal Reserve raised interest rates 25 basis points on Wednesday and remains adamant interest rate cuts will not come until 2024 at the earliest.
Agriculture is watching the ongoing contract negotiations between the unions at West Coast ports as tensions rise. However, the unreliability of shipping has already caused a shift in business to East Coast ports.
The value of capital assets and cash flow were concerns in 2008 — just as they are today. The evolution of dealing with inflation has yet to impact ag directly, but history shows a wake-up call is in process.
With the popularity of electric and hybrid vehicles growing, long-term gasoline use could drop, taking ethanol consumption with it. Will ethanol continue to be the juggernaut in the corn market?
The cattle market is on fire with record highs in both live cattle futures and cash. So how high will the market go and how is this cycle different from 2014?
The situation in the grain markets this spring looks much different than a year ago, says Jerry Gulke, president of Gulke Group. Unfortunately, the picture is not as price positive for the 2023 crops.
If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.
The Northern Plains was hit by another winter storm on Tuesday adding to the snowpack which ranges from several inches to several feet. So is it too early to start talking about planting delays?
USDA’s Prospective Plantings and Quarterly Grain Stocks reports tend to produce big price moves, and this year was no different. Jerry Gulke provides his analysis of the important data.
Farmers around the Corn Belt are anticipating a big year for corn, especially with improving soil moisture in corn-deficit areas where cash prices have remained strong.
Questions are arising about whether or not Russia will temporarily halt wheat and sunflower exports after a sharp drop in global prices in recent weeks and conflicting stories on Friday.
Political tensions between the U.S. and China have run high the past several months. The good news is it doesn’t appear there has been much spillover into U.S. agricultural trade.
Oil prices are also off their highs of last year and gas and diesel prices are also sliding at the pump, but will that trend continue ahead of planting? Energy experts are hoping the answer is yes.
The financial industry was hit with a black swan due to the shuttering of two high-profile banks. This has implications for ag markets and lessons for farmers, says Jerry Gulke of Gulke Group.
While experts don't compare the recent collapse of several high-profile banks to the financial industry crisis in 2008 and 2009, there is a level of nervousness that bears watching.
With USDA’s carryover estimates trending higher and price outlook trending lower from last year, many expect the sideways trends in new-crop futures to continue until the next shift in the fundamental outlook.
USDA is projecting higher production of major commodities for the upcoming crop season for the U.S. and globally, releasing their baseline projections for the upcoming marketing year at the USDA Ag Outlook Forum.
Orange production in Florida is projected to be down nearly two-thirds from last year and according to USDA at levels not seen since the Great Depression. What does this mean for producers and consumers?
Technically speaking the price action of Chicago, Kansas City and Minneapolis wheat varieties are signaling a change is coming — one that might not be recognized until the price ship has sailed.
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA's latest Agricultural Baseline Projections.
U.S. beef exports set annual records for both volume and value in 2022. The strong performance came in the face of many supply chain headwinds in the last year and COVID lockdowns in China.
The grain markets this week had trading ranges typical of a daily range a few months past. They appear to be calming down ahead of USDA’s February reports and USDA’s Ag Outlook Forum, says Jerry Gulke.
