Markets - General
The November Crop Production and World Agricultural Supply and Demand Estimates reports gave a lift to grain prices.
Just after USDA released the October report, U.S. Farm Report sat down with USDA Chief Economist Seth Meyer to get his take on the numbers, as well as preview the possibilities in the November report.
USDA’s Nov. 8 Crop Production and World Agricultural Supply and Demand Estimates (WASDE) didn’t improve prices.
Oats and wheat have been the superstars in commodity prices lately. As oats hit a new record high this week, spring wheat traded to the highest level since 2012.
For fiscal year 2021, USDA estimates total U.S. agricultural exports to be $173.5 billion. For next year, exports are projected to hit $177.5 billion.
The concept of “goal-based marketing” is easy to understand. The strategy links the sale of crops or livestock to a goal for your business.
Every story has a beginning and an ending. The soybean story began in August 2020 after two years of a sideways base-building affair.
It will take significant N bookings at higher prices or excess natural gas supplies to relight fires at fertilizer plants – and neither seems likely until summer 2022.