Latest News From Markets

Consultant Raises Paraguay Corn Crop Estimate
Consultant Raises Paraguay Corn Crop Estimate

Crop Consultant Dr. Michael Cordonnier raised his estimate of Paraguay’s corn crop by 1.5 MMT . . .

China's Meat Imports Tank | April 13, 2022
China's Meat Imports Tank | April 13, 2022

Fed President pushes for 3% rates by Q3, Argentine trucker strike continues and the State Dept. orders non-essential consulate staff out of Shanghai...

EIA: Summer Gas & Diesel Prices Highest Since 2014
EIA: Summer Gas & Diesel Prices Highest Since 2014

This summer’s average retail diesel price is estimated to average $4.57 per gallon, according to EIA.

Pro Farmer Evening Report: April 12, 2022
Pro Farmer Evening Report: April 12, 2022

Some analysts skeptical about the E15 impact

2022 Acres: The Big Swap to Soybeans
2022 Acres: The Big Swap to Soybeans

It was the “big swap” many didn’t expect. What makes it believable is total corn and soybean acreage intentions of 180.5 million is nearly unchanged from 2021.

Australia Believed to Export Record Amount of Wheat in February
Australia Believed to Export Record Amount of Wheat in February

Australia exported 2.8 MMT of wheat in February, which is thought to be a monthly record for the country, according to the Australian Bureau of Statistics (ABS).

Pro Farmer Evening Report: April 11, 2022
Pro Farmer Evening Report: April 11, 2022

Corn planting behind expectations

USDA Cuts Brazil, Paraguay Soybean Production
USDA Cuts Brazil, Paraguay Soybean Production

USDA trimmed Brazil’s soybean production to 125.0 MMT, down 2.0 MMT from its March report and 14.5 MMT below last year.

Jerry Gulke: Will High Prices Cause Demand Reduction or Destruction?
Jerry Gulke: Will High Prices Cause Demand Reduction or Destruction?

A friendly WASDE report, combined with other factors, helped grain prices jump. This put added pressure on the spring acreage mix.

Friday Wrap Up | April 8, 2022
Friday Wrap Up | April 8, 2022

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Pro Farmer Evening Report: April 8, 2022
Pro Farmer Evening Report: April 8, 2022

U.S. corn, wheat carryouts higher than expected

frost-on-window-1-1472036-1600x1200
Frost Could Have Damaged Argentina’s Soybean Crop

The Buenos Aires Grain Exchange warned Argentina’s soybean production could fall below the current estimate of 42 MMT due to frosts over the past week.

USDA to Release April WASDE | April 8, 2022
USDA to Release April WASDE | April 8, 2022

RFA CEO calls EPA decision on waivers a 'hollow victory,' EU steps-up sanctions on Russia and global food prices continue to climb...

Grains
JP Morgan Chase: Be Ready for a 40% Commodities Rally

Commodities could soar by as much as 40% if investors increase their investments in raw materials as an inflation hedge, according to JPMorgan Chase & Co.

Pro Farmer Evening Report: April 7, 2022
Pro Farmer Evening Report: April 7, 2022

EPA denies 36 small refinery biofuels waivers

sunflowers_usda_ars
Argentine Farmers Looking at Switching Wheat to Sunflower Acres

Argentine farmers might plant as many as 2 million hectares (4.9 million acres) of sunflowers for the 2022-23 growing season, Bloomberg reported.

EPA to Decide on 2018 RFS Waivers | April 7, 2022
EPA to Decide on 2018 RFS Waivers | April 7, 2022

Trump era WOTUS rule reinstated, Yellen suggests booting Russia from G20 and EPA mulls year-round E15...

Livestock Manure Demand Increases
Livestock Manure Demand Increases

Limited supplies and higher prices for commercial fertilizers have increased demand for manure.

Pro Farmer Evening Report: April 6, 2022
Pro Farmer Evening Report: April 6, 2022

Beef exports stay strong, pork exports slump

Volatility_ahead
Commodities Volatility is Here to Stay

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. . .

Eurozone PPI Up Sharply on the Year | April 6, 2022
Eurozone PPI Up Sharply on the Year | April 6, 2022

The National Sunflower Association predicts a sharp rise in 2022 acreage, Secretary Vilsack does not expect a major disruption in poultry exports due to bird flu and the Fed will release FOMC minutes this afternoon...

U.S. Trade Deficit Narrows in Feb.
U.S. Trade Deficit Narrows in Feb.

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, Kansas Attorneys General Press for E15 Sales
Iowa, Kansas Attorneys General Press for E15 Sales

Iowa Attorney General Tom Miller and Kansas Attorney General Derek Schmidt asked EPA to allow the sale of E15 this summer . . .

Shanghai Lockdown Extended | April 5, 2022
Shanghai Lockdown Extended | April 5, 2022

China's Belt and Road initiative suffers amid Russian invasion, HPAI cases breach 22 million and federal funds are now available to livestock producers...

Pro Farmer Evening Report: April 4, 2022
Pro Farmer Evening Report: April 4, 2022

Corn, spring wheat planting in line with year-ago...

Why Did Russia Invade Ukraine? Implications for Agriculture
Why Did Russia Invade Ukraine? Implications for Agriculture

Before Putin’s forces even breached the Ukraine border, fear and speculation drove commodity prices skyward. Concerns are warranted.

Pro Farmer Evening Report: April 1, 2022
Pro Farmer Evening Report: April 1, 2022

February corn-for-ethanol use well above last year

Friday Wrap Up | April 1, 2022
Friday Wrap Up | April 1, 2022

Davis Michaelsen and Editor Brian Grete discuss this week's market action...

Jerry Gulke: Did the USDA Report Cause a Market Reset?
Jerry Gulke: Did the USDA Report Cause a Market Reset?

The March 31 reports from USDA provided the markets with a few surprises. Did they reset the tone for prices moving forward?

india-globe-1452101
Tai: U.S. Must Shift Trade Policy Focus

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.

Poultry Price Fixing Charges Dropped | April 1, 2022
Poultry Price Fixing Charges Dropped | April 1, 2022

Russia/Ukraine talks to continue today, soybean crush is expected to fall and HPAI cases approach 100...

USDA Announces Livestock Relief Program
USDA Announces Livestock Relief Program

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. . .

Pro Farmer Evening Report: March 31, 2022
Pro Farmer Evening Report: March 31, 2022

March 1 stocks offers no major surprises for a change

2022 Planted Acres: Corn Down 4%, Soybeans Up 4%
2022 Planted Acres: Corn Down 4%, Soybeans Up 4%

For 2022, USDA are expecting more soybean acres than corn. That’s according to the 2022 Prospective Plantings report released on March 31.

Stocks Numbers Potential Market Movers | March 31, 2022
Stocks Numbers Potential Market Movers | March 31, 2022

USDA will release its Prospective Plantings and Grain Stocks Reports today, Biden Admin may remove restrictions on E15 and China's PMI fell below growth-neutral in March...

Iowa Farmland Soars 14% in the Past Six Months
Iowa Farmland Soars 14% in the Past Six Months

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. . .

Ethanol Conversion Kit Sales Soar in France
Ethanol Conversion Kit Sales Soar in France

More French drivers are purchasing ethanol conversion kits to allow their cars to run on higher ethanol blends . . .

Pro Farmer Evening Report: March 30, 2022
Pro Farmer Evening Report: March 30, 2022

Hogs & Pigs Report: Herd contraction greater than expected, no signs of expansion restarting

What to Know Ahead of USDA’s Prospective Plantings Report
What to Know Ahead of USDA’s Prospective Plantings Report

What should you know ahead of USDA's March 31 reports? Read through our team's comprehensive coverage.

Rabobank: Ukraine Conflict Could Push Wheat Prices to Record Highs
Rabobank: Ukraine Conflict Could Push Wheat Prices to Record Highs

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.

Jurors Deadlocked in Price Fixing Case | March 30, 2022
Jurors Deadlocked in Price Fixing Case | March 30, 2022

USTR Katherine Tai today will begin two days of congressional testimony on trade, skepticism surrounds Russian pullback and farm-state senators urge prioritizing green fertilizers...

Corn Analysis - March 29
Corn Analysis - March 29

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.

Pro Farmer Evening Report: March 29, 2022
Pro Farmer Evening Report: March 29, 2022

Fewer corn acres, more soybean seedings expected

Russia/Ukraine Talk in Turkey | March 29, 2022
Russia/Ukraine Talk in Turkey | March 29, 2022

Fed may become more aggressive in inflation fight, wheat exporters filling the Black Sea export gap and beef retailers proceed with caution...

trade cargo
U.S. Diesel Exports Increase

U.S. waterborne diesel exports from the U.S. Gulf Coast increased to 1.04 million barrels per day. . .

USDA-planter-planting
4 Potential Surprises for the March 31 Prospective Plantings Report

All eyes will be on USDA’s planting numbers on Thursday, March 31. Will acres swing hard to corn, soybeans or be split down the middle?

Top Producer Summit: 5 Transformations Happening in China That Will Affect Your Farm
Top Producer Summit: 5 Transformations Happening in China That Will Affect Your Farm

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?

train track rail
National Grain and Feed Association Details Rail Service Issues

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.