Latest News From Markets

IHS Markit cuts corn, soybean, spring wheat and cotton acreage forecasts
IHS Markit cuts corn, soybean, spring wheat and cotton acreage forecasts

Based on a Reuters story, IHS Markit expects U.S. farmers to plant less corn, soybean, spring wheat and cotton acres compared to its December forecasts.

soybeans
Soybean Analysis - Jan. 26

Price action: Soybean futures led the soy complex higher, with nearby March bean futures surging 32 3/4 cents to $14.40, the highest in the contract’s lifetime.

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Convenience Versus Costs: The Ins and Outs of Delayed Payment Contracts

The “free” storage being advertised by grain buyers can also be called price later opportunities, delayed pricing or DP. 

Pro Farmer Evening Report: Jan. 26, 2022
Pro Farmer Evening Report: Jan. 26, 2022

Fed signals interest rate hikes starting ‘soon’

Ukraine-Russia Tensions: What it Could Mean for Agriculture
Ukraine-Russia Tensions: What it Could Mean for Agriculture

Ukraine is a key player in global agriculture, and how these conflicts play out will have international impacts.

NATO Urges Diplomacy | January 26, 2022
NATO Urges Diplomacy | January 26, 2022

OPEC+ not keeping up with production commitments, China suspends pork trade with Italy over ASF and West Coast ports report a slump in arrivals in December...

Angie Setzer: Establish Profitability for Your Farm
Angie Setzer: Establish Profitability for Your Farm

You must know your costs and be honest with yourself about what they are and how you need to manage them. 

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IMF cuts 2022 Latin America, Brazil, Mexico growth forecasts

The International Monetary Fund (IMF) reduced Latin America and the Caribbean’s economic growth by 0.6 percentage points to 2.4%.

California judge delays prop 12 enforcement
California judge delays prop 12 enforcement

California Judge James P. Arguelles ruled Tuesday that enforcement of California’s proposition 12 will be delayed until 180 days after the final rules go into effect.

wheat
Wheat Analysis - Jan. 25

SRW wheat futures closed near a two-month high and HRW futures settled at the highest price in a month. . .

Pro Farmer Evening Report: Jan. 25, 2022
Pro Farmer Evening Report: Jan. 25, 2022

California judge delays prop 12 enforcement

Markets React As Tension Mounts Between Russia and Ukraine
Markets React As Tension Mounts Between Russia and Ukraine

AgriTalk’s Davis Michaelson hosted Vince Malanga, president of LaSalle Economics, on Tuesday, Jan. 25, to dive into the current events and potential market impacts. 

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Farmers around the world feeling pinch from higher prices

Rising prices are hitting food supply chains and high fertilizer costs are weighing on farmers across the developing world, the Wall Street Journal reports.

Pentagon Puts Troops on High Alert | January 25, 2022
Pentagon Puts Troops on High Alert | January 25, 2022

South American crops stabilize, high fertilizer prices will likely lead to food price inflation and wholesale beef movement slows...

Richard Brock: Watch These Market Fundamentals
Richard Brock: Watch These Market Fundamentals

It all comes down to what fundamental changes mean to the stocks-to-use ratios.

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Supreme Court to review WOTUS issue

The Supreme Court could issue a new decision outlining the scope of Clean Water Act jurisdiction by this summer.

Update on what Vilsack said last week regarding WHIP+
Update on what Vilsack said last week regarding WHIP+

Payouts initially are coming in April or May via the Wildfire and Hurricane Indemnity Program-Plus (WHIP+) program.

A cotton boll from Red Land Cotton.
Cotton Market Analysis - Jan. 24

March cotton futures fell 37 points to 120.38 cents per pound, the contract’s lowest closing price since Jan. 14

Pro Farmer Evening Report: Jan. 24, 2022
Pro Farmer Evening Report: Jan. 24, 2022

Brazil's soybean harvest reaches 5%

Alan Brugler: Grain Market Price Opportunities Exist
Alan Brugler: Grain Market Price Opportunities Exist

Compute 12-month technical and fundamental price targets given the latest market information. Get busy selling when we’re in the top 20% of those ranges. 

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Covid vaccine mandates affecting pig and feed shipments between U.S., Canada

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.

Hot temps to continue in South America
Hot temps to continue in South America

While some areas of South America received some recent rains, any crop improvement was likely limited as moisture will be lost to evaporation. . .

Corn Outlook: 5-30-90 Days
Corn Outlook: 5-30-90 Days

Corn futures rose for the fifth straight day and settled at the highest levels in over seven months on strengthening export demand.

Jerry Gulke: Are the Grain Markets Finally Trading Reality?
Jerry Gulke: Are the Grain Markets Finally Trading Reality?

For the third week of January, the grain markets featured some explosive prices.

Pro Farmer Evening Report: Jan. 21, 2022
Pro Farmer Evening Report: Jan. 21, 2022

Hot temps to continue in South America

Naomi Blohm: Corn and Soybean Market Factors to Watch
Naomi Blohm: Corn and Soybean Market Factors to Watch

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.

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Attaché cuts Brazilian soybean production, export forecasts

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) . . .

Soybean Analysis - Jan. 20
Soybean Analysis - Jan. 20

March soybeans soared 34 1/2 cents to $14.25 3/4, the contract’s highest closing price since $14.33 on June 10. . .

Ethanol Plant
Ethanol stocks at record level in the Midwest

U.S. ethanol stocks increased 681,000 barrels to 23.59 million barrels for the week ended Jan. 14. . .

Pro Farmer Evening Report: Jan. 20, 2022
Pro Farmer Evening Report: Jan. 20, 2022

Rains boost Argentine soil moisture but not crop conditions

Bill Biederman: A Dichotomy of Possibilities
Bill Biederman: A Dichotomy of Possibilities

The price outlooks for corn and soybeans are initially about as different as a drought and a flood.

Scoular ships soybeans out of the new North Carolina export facility
Scoular ships soybeans out of the new North Carolina export facility

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.

Mexican science agency recommends reduced glyphosate imports
Mexican science agency recommends reduced glyphosate imports

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.

ARC-PLC unlikely to pay for the 2022 crop
ARC-PLC unlikely to pay for the 2022 crop

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.

Pro Farmer Evening Report: Jan. 19, 2022
Pro Farmer Evening Report: Jan. 19, 2022

Wheat damage expected to be limited due to cold temps

Brian Basting: Market Tools That Turn Uncertainty Into Opportunity
Brian Basting: Market Tools That Turn Uncertainty Into Opportunity

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. 

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Brazil Harvest Progress Below Expectations, Ahead of Last Year

Brazil’s soybean harvest continues to be ahead of last year, according to various agricultural consultants.

wheat
Wheat Analysis - Jan. 18

Wheat futures climbed sharply on short covering and bargain-buying following three straight down days.

Pro Farmer Evening Report: Jan. 18,  2022
Pro Farmer Evening Report: Jan. 18, 2022

December NOPA soybean crush record-large

Soybean Outlook: 5-30-90 days
Soybean Outlook: 5-30-90 days

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.

Jerry Gulke: Will South America be the Price Maker?
Jerry Gulke: Will South America be the Price Maker?

After starting 2022 off on the positive side, the grain markets were lower the second week of January. 

Population Peak: How China’s Demographics Could Impact U.S. Agriculture
Population Peak: How China’s Demographics Could Impact U.S. Agriculture

Home to 21% of the world’s population, China possesses only 7% of productive farmland. As such, shifts in the composition have effects that ripple across the globe. 

Pro Farmer Evening Report: Jan. 14,  2022
Pro Farmer Evening Report: Jan. 14, 2022

Martin Luther King Jr. Day schedule

China to Release Stockpiled Crude | January 14, 2022
China to Release Stockpiled Crude | January 14, 2022

Markets and government offices will be closed for Martin Luther King Jr. Day on Monday, Jan. 17, House lawmakers call for WTO inquiry against India and China's meat imports fall in 2021...

Chip Flory: What Is Stopping You from Making Grain Sales?
Chip Flory: What Is Stopping You from Making Grain Sales?

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? 

Microsoft Invests $50 million in Biofuel Jet Fuel Plants
Microsoft Invests $50 million in Biofuel Jet Fuel Plants

LanzaJet announced Microsoft is investing $50 million in its sustainable aviation fuel biorefinery in Georgia to produce jet fuel next year.

Storm clouds
La Niña Conditions Likely to Continue into Spring

La Niña conditions are likely to continue during the Northern Hemisphere spring.

winter wheat
Wheat Analysis - Jan. 13

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.

Pro Farmer Evening Report: Jan. 13, 2022
Pro Farmer Evening Report: Jan. 13, 2022

Another firm slashes Brazil’s soy crop

web Brazil planting
All Eyes on South America: Did USDA Trim Production Enough

Dryness in South America prompted USDA to cut production estimates for key countries, such as Brazil, Argentina.