Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Russia plans to set its grain export quota at 11 MMT, including 8 MMT of wheat, from Feb. 15-June 30, 2022 . . .
The NCGA and state organizations sent a letter asking Mosaic executives to “voluntarily withdraw your countervailing duties and allow critical supply back into the U.S. . . . “
South American weather pattern to remain about the same
As of mid-December, a significant portion of U.S. wheat acres are experiencing drought.
Unica expects more sugarcane to be allocated to ethanol production – 55.13% this year versus 53.93% last year.
Based on a Reuters report, IHS Markit expects 2022 U.S. corn acres to slide to 91.578 million acres next year.
European Central Bank announces wind down of bond purchase program
AgRural cuts Brazilian soybean, corn crop estimates due to drought.
USDA’s Agricultural Marketing Service (AMS) is planning on publishing three proposed rules in early 2022 that would address issues under the Packers and Stockyards Act (P&SA).
Starting in mid-January, the Federal Reserve will double the pace of its monthly bond tapering program with it scheduled to end in March.
EPA is still formally planning to release its proposed rulemaking on setting Renewable Volume Obligations (RVOs) under the Renewable Fuel Standard (RFS) for 2023 and beyond yet this year.
Fed to increase bond tapering, signals quicker timeline for interest rate increases
Updates on China’s factory activity, higher tariffs on pork imports & beef products from Brazil.
Another ethanol legislative proposal that will not likely clear Congress...
Farmers’ inability to purchase their fertilizer in 2021 for 2022 means they will likely face a higher tax bill in 2021, according to an American Farm Bureau Federation’s (AFBF) Market Intel service report.
Lower-than-normal rainfall due to the La Niña climate pattern during Argentina’s summer would pose a “big challenge” for soybean and corn production, according to the Buenos Aires Grain Exchange.
U.S. producer prices record-high in November.
Argentina and Brazil get some weekend rains, more predicted
U.S. consumer prices post biggest annual gain in more than 39 years.
U.S. Justice Department asked to investigate fertilizer prices
EPA proposes reduced biofuels blending level for 2020, 2021...
AgRural: Drier weather poses risks to crops in southern Brazil
The market trends that ended 2020 are starting to surface in the last few weeks of 2021. Could prices follow a similar pattern?
Nearly two years after COVID-19 invaded our world, we are still living with its disruptions, but we should not overlook the more traditional factors also at play.
A review of where we have been and the impact at this juncture is warranted.
The inflation genie is out of the bottle and might be as difficult to get back in as it was in the 1970s. As Yogi Berra would say, “It’s Déjà vu all over again!” Or is it?
Market dynamics and consumer shifts support U.S. beef.
The grain markets have a tendency to shift around Thanksgiving. That could be in the cards this year, says Jerry Gulke, president of the Gulke Group.
Has there been a time when the acreage mix for the next crop year has been so hotly debated during the current harvest? What is your take on 2022 acres?