Market Analysis
USDA’s final look at crop production for 2023 caught the commodity markets by surprise. The agency increased the final yield estimates for both corn and soybeans, and as a result, prices plummeted on Friday.
Jerry Gulke says a strong return to Marketing 101, last seen during the 1980s, may be on the horizon.
Despite the markets pricing in lower interest rates, Arlan Suderman expects inflation to rear its ugly head sometime in 2024.
Jon Scheve summarizes the latest weather conditions of the Mato Grosso region in Brazil and how it is impacting prices. He also discusses what to expect in this week’s USDA report.
Analysts say it’s go-time for the impacts of South American weather, but Argentina’s new president, and major policy changes, also spooked the markets this week. Chip Nellinger and Brian Grete explain why.
Despite weather concerns sprouting in Brazil, USDA didn’t make any major adjustments to the South American crop in Friday’s reports. Increased demand from China and Mexico prompted USDA to trim U.S. ending stocks.
Jon Scheve discusses how he maintained a guaranteed $5.37 floor price on his 2023 corn through November with his put option strategy.
After two months of a waning outlook on the ag economy, economists views took a turn in the November Ag Economists’ Monthly Monitor, a survey of nearly 70 ag economists from across the country.
According to a recent report from CoBank, an abundance of corn and soybeans has resulted in cheaper basis and bigger carries in futures markets.
Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that.