2017 has been a difficult year to analyze the markets, according to Jim Bower, president of Bower Trading.
To meet the ballooning demand from China’s newly wealthy middle class for a greater variety of foods such as meat, fruit and vegetables, China needs bigger, more efficient and safer farms. But that poses a huge dilemma for the state: if it allows all these little plots to be consolidated, it could put millions of rural workers out of a job.
After nearly 40 years in the commodity market business, Bob Utterback, founder of Utterback Marketing Services, has seen his fair share of weather scares.
Some farms may start wheat harvest 10 days later than normal.
Growers may reap 14.65 million tons this year, survey shows.
Millers’ association warned state twice of looming shortfalls.
As China's government sets up farms in developing countries, the nation's food companies are scouring the world for premium products.
As we start a new week, Bob Utterback and Jim Bower explain what they're watching in the markets.
Much like Beijing's Forbidden City is off limits without the emperor's permission, U.S. beef hasn't had permission to enter China in 14 years. But trade relations with China appear to be changing.
Corn prices didn’t shift direction too much with currency challenges in Brazil, but soybean prices dipped lower with questions emerging about total acreage this year, says Jerry Gulke, president of the Gulke Group in Chicago.
U.S. President Donald Trump has vowed to redo the North American Free Trade Agreement, but NAFTA has widened access to Mexican and Canadian markets, boosting U.S. farm exports and benefiting many farmers. Many farmers worry that Trump’s policies will jeopardize their exports just as they face weaker crop and livestock prices.
U.K. imports exceeded exports for four months through March.
Top trade negotiator suggests NAFTA has key parts to salvage.
As long as the U.S. remains competitive in the global grain market, the world’s picture on U.S. grain demand won’t change, according to Angie Setzer, vice president of Citizens L.L.C.
U.S. goal is to retain three-way deal, trade chief says.
The Trump administration on Thursday set the clock ticking toward a mid-August start of renegotiations of the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers.
In a statement issued this morning, U.S. Trade Representative Robert Lighthizer formally notified Congress specifics on how the Trump Administration intends to renegotiate NAFTA.
Brazil was plunged back into a political crisis reminiscent of last year’s impeachment saga following reports that President Michel Temer was embroiled in an alleged cover-up scheme involving the jailed former speaker of the lower house of Congress.
Wild weather in the Corn Belt in the beginning of the month flooded freshly planted fields and dumped inches of snow on Kansas wheat. Farmers were expecting to see a bump in prices, but failed to see any reaction in the markets.
In the USDA’s latest WASDE report, there were some indications about production and price projections.