Darren Frye, Water Street Solutions, says the wheat rally came on weather and technical buying, which also helped corn and soybeans post a higher week. He's not sure it can continue without a bigger weather issue.
The weather pattern of Argentina and southern Brazil being dry and central to northern Brazil wetter than normal will remain in place in January, according to World Weather.
Minnesota Soybean Processors, a farmer cooperative, and CGB Enterprises Inc. plan to build a crushing plant that will process 42.5 million bu. per year near Casselton, North Dakota.
Markets will be closed tomorrow, Putin doesn't mention military designs in public comments and Summers warns of an economic testing period for the U.S.
Ukraine might decide in mid-January to limit milling wheat exports for the rest of the 2021-22 marketing year to protect domestic supplies and keep prices from rising. . .
Soybean futures rallied for a seventh consecutive session behind strength in soymeal and expectations dryness will cut soybean yield potential in Argentina and Brazil.
“Don’t panic on price slides and sell into rallies.” That was the consensus marketing outlook from several analysts on “AgriTalk” following the 2021 harvest.
Corn futures closed at the highest levels in over six months on support from rallying soybeans and wheat, and concerns persistent dryness in parts of South America will trim crop potential.
USDA overpaid corn farmers in 2019 by around $3 billion for impacts from former President Donald Trump’s trade policies, in part because the agency over-estimated the value of lost export business. . .
EPA’s proposed biofuels blending levels announced Dec. 7 under the Renewable Fuel Standard (RFS) for 2020, 2021 and 2022 have now been published in the Federal Register.
Russian and Ukrainian farmers are expected to harvest 110.4 MMT of wheat in 2022, 2.6 MMT more than previously forecast by Black Sea region ag consulting firm SovEcon.
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. . . . "
As December comes to a close, the grain markets are offering a few gifts. March corn prices were up 3.25¢ and new-crop December corn prices were down 4.5¢, for the week ending Dec. 17.