Marketing-Communications
Strong demand for cotton will push the new-crop annual average price to a new record high despite anticipated record-high global cotton production.
Will the expected increase of cotton acres actually get in the ground?
Cotton market fundamentals look strong but opinions are mixed after prices slipped from last week’s historic highs.
Corn and soybean markets are tough, something Richard Brock of Brock & Associates have been grappling with. On Market Rally Radio Thursday, he discussed the five things farmers need to keep in mind when it comes to these two crops.
When USDA released its September Crop Production and World Agricultural Supply and Demand Estimates (WASDE), corn and soybean prices saw red.
USDA lowered corn yields and increase soybean yields, despite poor crop ratings in many areas. Jerry Gulke provides his take.
Summer crop harvest is a few weeks away, and bin space could be a concern to some farmers.
After experiencing a strong rally over the past month, the grain markets came crashing down this week. “You could call it a virtual collapse of the markets,” says Jerry Gulke of the Gulke Group.
Market speculators may be the most reviled contributors to the agricultural economy, but they play an important role in commodities trading and have increasing power to impact the markets.
Bob Utterback, president and CEO of Utterback Marketing Services, doesn’t often get called a bull when it comes to grain marketing. But even for him, sometimes the occasion absolutely calls for it, he jokes.
The latest crop progress report from the U.S. Department of Agriculture (USDA), 67 percent of the corn crop was rated good to excellent. Indiana is lagging behind with only 45 percent of its crop in that category.
While China’s agricultural output has surged along with its robust economic growth, state-run stockpiles are overwhelming demand and prompting the government to reevaluate costly buying programs intended to bolster food security.
Near-record ethanol production means more demand for grain.
Grain markets yawned Thursday after the release of the latest supply and demand report from the USDA.
Kenya has approved the import of 5 million bags, or 450,000 metric tons, of yellow corn from Ukraine as a drought slashes its own output of the grain.
Market psychology took a negative turn this week on the latest export figures, but the numbers don’t paint as bleak a picture as it seems, says Jerry Gulke of the Gulke Group. Also, keep watching weather in South America.
2017 looks to be bearish soybeans, but bullish corn. This week’s U.S. Farm Report analysts break down the dynamics of the market and why producers need to have a plan.
There wasn’t anything to get excited about in regard to USDA’s monthly WASDE and Crop Production reports. Though, that was to be expected, says Jerry Gulke, president of The Gulke Group.
The market is bracing for a slight reduction in USDA’s corn yield estimate in Friday’s crop production report with disappointing yield reports already coming in from southern corn-producing states.
Archer-Daniels-Midland Co., the world’s largest processor of corn, posted second-quarter earnings and sales that missed analysts’ estimates after a decline in ethanol margins and crop export volumes.
A flock of 175,000 chickens in Minnesota, the first in the state, was confirmed to have the highly contagious variety of avian influenza. USDA also confirmed additional cases for turkey flocks in Minnesota and one in Wisconsin.
Everything ended the week down hard as traders took a risk-off attitude toward market positions. Part of the reason was the dollar’s rally, which made even French corn competitive for importers.
The bank cut its estimate for corn to $3.90 a bushel in 2014-2015 from $4.35 in October and for soybeans to $9 a bushel from $10.10.
Corn fell from the highest price since August as demand dropped for shipments from the U.S. and an industry group raised its global production forecast.
Commodities experts say Russia didn’t buy much wheat, corn, or soybeans anyway.
Soybean futures rose the most in nine weeks on concern that dry weather forecast into August will curtail yields in the U.S., the world’s biggest grower. Corn rose, while wheat fell.
Soybeans dropped for a second day in Chicago, heading for a third monthly loss, on speculation that rain forecast for the U.S. Midwest will help improve yields after concern about recent dryness bolstered prices.
With this year looking like the perfect recipe for high yields, the downward pressure on prices is strong, says market expert Jerry Gulke.
See all of the report data, coverage and analysis of USDA’s March 31 Prospective Plantings and Grain Stocks reports.
However, another giant U.S. corn crop is still a very real possibility this fall.