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Food-price inflation hit multidecade highs this year in the U.S. and elsewhere, outpacing overall consumer prices.

With less than two weeks from a railroad strike deadline, President Biden plans to call on Congress to take action to avert a shutdown of the country’s freight railroads. . .

The change will reduce the probability that U.S. beef could be hit with higher Japanese tariffs, according to the Office of the USTR.

Tomm Pfitzenmaier, Summit Commodity Brokerage discusses how soybeans scored a reversal with crude oil, higher products and dryness in Argentina. Wheat saw more technical selling and corn was caught in the middle.

The license would still bar Venezuela’s PdVSA, the state-owned oil company, from receiving any profits from the oil sales in the joint venture with Chevron.

Soybeans up w/ CO, product strength, Argentina drought. Wheat saw more technical selling, with corn caught in the middle. Livestock lower on economic concerns. Michelle Rook w/Tomm Pfitzenmaier, Summit Commodity.

While sectors such as housing and automobiles have seen a drop in demand, we’ve not seen the same in the farm equipment market (new or used).

For some farmers marketing can be a daunting task, especially with all the volatility and uncertainty of the current market environment. Nobody knows that better than two farmers turned market advisors.

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