Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Limited supplies and higher prices for commercial fertilizers have increased demand for manure.
Beef exports stay strong, pork exports slump
Wild swings in commodities from wheat to crude oil are here to stay, with global supply chains getting reassessed in the wake of Russia’s invasion of Ukraine, according to Gregory Broussard. . .
February’s U.S. trade deficit declined less than $100 million from January’s revised $89.2 billion record, according to the U.S. Census Bureau.
Iowa Attorney General Tom Miller and Kansas Attorney General Derek Schmidt asked EPA to allow the sale of E15 this summer . . .
Corn, spring wheat planting in line with year-ago...
Before Putin’s forces even breached the Ukraine border, fear and speculation drove commodity prices skyward. Concerns are warranted.
February corn-for-ethanol use well above last year
The March 31 reports from USDA provided the markets with a few surprises. Did they reset the tone for prices moving forward?
U.S. Trade Representative Katherine Tai said the U.S. must shift the focus of its trade policy to rebuilding its domestic manufacturing industries and lessening ties to unfriendly economies.
USDA announced that ranchers who have an approved 2021 Livestock Forage Disaster Program (LFP) application would soon begin receiving emergency relief payments for increases in additional feed costs in 2021. . .
March 1 stocks offers no major surprises for a change
China is strengthening ties with countries beyond the U.S. and making incredible investments in its Belt and Road Initiative. How will these factors intersect with the country’s changing population structure?
For 2022, USDA are expecting more soybean acres than corn. That’s according to the 2022 Prospective Plantings report released on March 31.
The Iowa Chapter of the Realtors Land Institutes survey pegs the state-wide value of high-quality cropland at $14,080 an acre, up 14.1% from September. . .
More French drivers are purchasing ethanol conversion kits to allow their cars to run on higher ethanol blends . . .
Hogs & Pigs Report: Herd contraction greater than expected, no signs of expansion restarting
For the 2022-23 crop marketing year, RaboResearch estimates the average on-farm cash price will be $5.77 for corn and $10.50 for wheat.
Corn futures followed wheat futures sharply lower Tuesday, with the nearby May contract tumbling 22 1/4 cents to $7.26 1/4 and new-crop December falling 11 3/4 cents to $6.52 3/4.
Fewer corn acres, more soybean seedings expected
U.S. waterborne diesel exports from the U.S. Gulf Coast increased to 1.04 million barrels per day. . .
The National Grain and Feed Association members report significant rail service disruptions from the Union Pacific (UP), Burlington Northern Santa Fe (BNSF) and Norfolk Southern (NS) railways.
The Ukrainian government is removing corn and sunflower oil export license requirements.
Cattle on Feed Report: Record March 1 feedlot inventory
As Argentine farmers get started harvesting their soybean crop, yields are highly variable and below average, reports the Buenos Aires Grain Exchange.
Responding to higher world prices, farmers in Mato Grosso, Goias, Sao Paulo, Minas Gerais and the Matopiba region of Brazil probably planted more safrinha corn . . .
Headline-driven markets are tough to face but these tools can help.
Highly variable Argentine soybean yields reported