Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
California judge delays prop 12 enforcement
Rising prices are hitting food supply chains and high fertilizer costs are weighing on farmers across the developing world, the Wall Street Journal reports.
It all comes down to what fundamental changes mean to the stocks-to-use ratios.
The Supreme Court could issue a new decision outlining the scope of Clean Water Act jurisdiction by this summer.
Payouts initially are coming in April or May via the Wildfire and Hurricane Indemnity Program-Plus (WHIP+) program.
March cotton futures fell 37 points to 120.38 cents per pound, the contract’s lowest closing price since Jan. 14
Canadian pigs headed to the U.S. to be fed and slaughtered are getting stuck in Canada, while feed is stranded in the U.S. as new vaccine rules exacerbate a labor shortage for truckers and railroad employees.
While some areas of South America received some recent rains, any crop improvement was likely limited as moisture will be lost to evaporation. . .
For the third week of January, the grain markets featured some explosive prices.
It might be prudent to understand various call option strategies that provide upside gain potential should the U.S. drought continue, soaring prices do indeed cause farmers to use less fertilizer or yields are low.
USDA’s attaché in Brazil lowered its estimate for the country’s soybean exports & production compared to the Jan. World Agricultural Supply and Demand Estimates (WASDE) . . .
March soybeans soared 34 1/2 cents to $14.25 3/4, the contract’s highest closing price since $14.33 on June 10. . .
U.S. ethanol stocks increased 681,000 barrels to 23.59 million barrels for the week ended Jan. 14. . .
Rains boost Argentine soil moisture but not crop conditions
The price outlooks for corn and soybeans are initially about as different as a drought and a flood.
Scoular shipped its first container of soybeans out of its new export facility at the Port of Wilmington in North Carolina, according to company officials.
To phase out the use of glyphosate by 2024, Mexico’s top scientific council recommended a 50% reduction in imports of the herbicide this year.
Farmers should not count on an Ag Risk Coverage (ARC) or Price Loss Coverage (PLC) payment for the 2022-crop marketing year, according to University of Illinois farmdoc agricultural economists.
I am keeping an eye on China’s soybean crushing pace. It might be slowing, which could lead to weaker soybean imports and weaker prices.
Brazil’s soybean harvest continues to be ahead of last year, according to various agricultural consultants.
Wheat futures climbed sharply on short covering and bargain-buying following three straight down days.
December NOPA soybean crush record-large
After starting 2022 off on the positive side, the grain markets were lower the second week of January.
March soybean futures fell 7 1/2 cents to 13.69 3/4, down 40 1/2 cents on the week and the contract’s lowest settlement since $13.55 1/2 on Jan. 3.
It’s time for a reality check on 2021-crop corn, soybeans and wheat. If you haven’t locked in prices (and record returns on investment for many), why haven’t you?
LanzaJet announced Microsoft is investing $50 million in its sustainable aviation fuel biorefinery in Georgia to produce jet fuel next year.
La Niña conditions are likely to continue during the Northern Hemisphere spring.
March SRW wheat futures fell 11 cents to $7.46 3/4, the lowest close in a week. March HRW futures fell 18 1/4 cents to $7.59 1/4, the lowest closing price since $7.54 on Oct. 21.