Markets - General
Seth Meyer says USDA is running out of time and runway to make adjustments to the export side of the ledger, as this week the World Ag Outlook Board defended its current China import figures.
See how the top soybean exporters stack up in terms of competitiveness.
The price spikes this fall have been a surprise for many. During a period where farmers usually experience lower prices, commodity markets started trending higher in August and have accelerated since.
One of the main ingredients for the competitiveness of ag products is the currency relationship between the seller and the buyer.
As China continues to ramp up its buys of U.S. corn, there are no signs China will adjust its low tariff rate quotas (TRQs). Some analysts and market experts say China will still import as much corn as it needs.
December corn prices were up 7.5¢ and November soybean prices were down 15.25¢ for the week ending Oct. 16. December wheat prices were up 33¢.
The October USDA reports delivered a few surprises and price gifts. December corn prices were up 15.25¢ and November soybean prices were up 45¢ for the week ending Oct. 9.
USDA Crop Production Report: corn and soybean production down 1% from last month.
Corn and soybean prices normally dive during harvest. This year, that’s not been the case.
After the latest USDA report was released this week, questions surfaced about the actual size of the 2019 crop. So with lower corn stocks, could the lows for corn already be behind farmers? U.S. Farm Report discusses.