Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Statistics Canada this morning released updated crop production estimates based primarily on satellite imagery. Model-based Principal Field Crop Estimates have replaced the September Farm Survey. The estimates ar
South American crop consultant Dr. Michael Cordonnier raised his estimate of Brazil’s 2016-17 corn crop by 1 MMT from last week to 83 MMT, which if realized would be up 25.8% from year-ago. He says planting
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
The National Oceanic and Atmospheric Administration (NOAA) says La Niña arrived during October, with negative sea surface temperatures (SST) anomalies in early November stretching across most of the eastern and ce
According to the U.S. Drought Monitor, the area covered by drought in Kansas and Oklahoma was little changed, at 82.7% and 94.4%, respectively. The area covered by drought in Texas shrank by six percentage points to 18.5
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
WHEAT: U.S. 2016/17 all wheat ending stocks are raised this month and projected to reach the highest level since the late 1980’s. Feed and residual use is lowered 35 million bushels reflecting disappearan
USDA’s Cattle on Feed Report placed the Jan. 1 feedlot inventory at 10.605 million head, 135,000 head more than the average pre-report estimate implied and 30,000 head more than year-ago. The bigger feedlot supplies
South American Crop Consultant Dr. Michael Cordonnier, who just returned from a two-week visit through central Brazil, says some early maturing soybeans have suffered quality declines due to ongoing wet weather,
South American Crop Consultant Dr. Michael Cordonnier has raised his Brazilian soybean crop estimate by 1 MMT to 104 MMT and has a neutral to slightly higher bias going forward. He says early yield reports are
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
Consumers’ willingness-to-pay (WTP) decreased for all food products, including meat, during February, according to Oklahoma State University’s Food Demand Survey. The WTP for chicken wings, pasta and beans and ri
As China continues to buy U.S. agricultural commodities, the buying pace may be sustainable even if the Phase One agreement is renegotiated. Agricultural leaders and analysts break down why.
USDA revealed this week a crop stocks picture much tighter than expected. There are three major factors that could help or hinder prices in the months ahead, including a possible shutdown.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Friday, November 13.
Rising household incomes, increasing production and favorable trade policies have led to major growth in U.S. agricultural exports in the past several decades.
Traders were expecting bullish numbers from Tuesday’s World Agricultural Supply and Demand Estimates (WASDE), but the projections were even friendlier than anticipated.
Corn Production Down 1 Percent from October Forecast Soybean Production Down 2 Percent Cotton Production Up less than 1 Percent
After the drubbing last week, markets recovered sharply off retracements, especially soybeans and corn, which held their upward trendline, in place since August.
President-elect Joe Biden has pledged to work more closely with U.S. allies in confronting China on trade, and is seen as unlikely to roll back his predecessor’s tariffs.
The price spikes this fall have been a surprise for many. During a period where farmers usually experience lower prices, commodity markets started trending higher in August and have accelerated since.