Markets - General
Chicago soybean futures jumped more than 1% on Monday to their highest since June on concerns over supplies from South America and strong demand from China.
WTI oil prices crossed the $90 mark last week for the first time since 2014. Strong oil prices typically translate into strong demand for corn ethanol, but some analysts warn electric vehicles may put that on a detour.
As soybean prices race higher, some farmers may look to switch acres to soybeans this year. U.S. Farm Report analysts say with the acreage debate already heating up, the acreage battle could be the wildest battle yet.
Agribusiness consultancies AgRural and AgResource on Monday trimmed their forecasts for Brazil’s 2021/22 soybean crop due to bad weather, estimating the expected output below the 130 million-tonne threshold.
Despite many challenges in 2021, U.S. corn and soybean yields topped those of 2020.
Dryness in South America prompted USDA to cut production estimates for key countries, such as Brazil, Argentina.
USDA made slight adjustments to the final 2021 corn-production estimate, but not due to a change in yield. USDA reported a slightly higher national soybean yield. The agency also revised demand in WASDE on Wednesday.
USDA will release several reports Wednesday, January 12, including Crop Production, Grain Stocks and WASDE. With declining outlooks for South America’s crop, Garrett Toay and Brian Splitt break down what to watch.
Deforestation last year rose to the highest level since 2015 in Brazil’s Cerrado, prompting scientists on Monday to raise alarm over the state of one of the world’s most species-rich savanna.
2021 was a wild ride for commodity markets. From China to weather concerns, weather worries in South America seemed to trump demand to close out 2021. Here’s what analysts say they learned and what they’re watching now.
In 2020, this segment of the food industry grew by over 10%. In fact, the growth over the past decade has been 10% compounded annually. Should you have a part in the growing trend?
Most of the report’s focus was on wheat; USDA made little change to corn and soybeans for both domestic and South American production.
Commodity markets were on a rollercoaster ride this week, with a sharp drop to end November and then a recovery to end the first few days of December. Analysts say that volatility might just be getting started.
Nearly two years after COVID-19 invaded our world, we are still living with its disruptions, but we should not overlook the more traditional factors also at play.
Has there been a time when the acreage mix for the next crop year has been so hotly debated during the current harvest? What is your take on 2022 acres?
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.
The Crop Production numbers released Friday may change as NASS seeks to clarify corn and soybean acres that still were not harvested at the time of the end of the growing season survey.
From fresh produce being plowed under to unharvested crops sitting untouched in fields, fruit and vegetable growers are the latest agriculture sector facing fallout from COVID-19.
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.
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.
USDA’s October Crop Production and WASDE reports caused the soybean markets to tank Tuesday. One analyst says he thinks USDA’s soybean could could continue to rise as soybean demand shows signs of trouble.
And other reasons you should care about infrastructure.
China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies.
Despite slowdowns in the export sales picture, actual exports are still running 26% ahead of the same time period last year, and with higher commodity prices, bulk export values are up 60%. USDA says that’s led by corn.
China’s wheat imports hit the highest level in two decades, currently accounting for 19% of global consumption. The U.S. supplied 3 million metric tons of wheat imports during the last marketing year, or a 28% share.
With lawmakers focused on environmental social governance and carbon-neutral fuels, odds are the momentum to replace petroleum-based diesel with renewable diesel will not be exhausted soon.
The full impact from Hurricane Ida is still unknown. The uncertainty was partially to blame for a major market sell-off Monday with September soybeans closing 54 cents lower and September corn down nearly 18 cents.
Hurricane Ida packed a punch of 150 mph winds this weekend, crippling grain shipping facilities in a key export area along the lower Mississippi River. Now it’s a question of how long export activity could be shuttered.
The carbon market is poised for growth but farmers are still looking for reliable information, return on investment and assurances that they won’t be unfairly penalized or lose control over their operations.