Grains Steady in the Overnight
U.S. grain markets are trying to find bottom today
U.S. grain markets are trying to find bottom today, two days after the June USDA report sent markets sharply lower. Coming into the morning trade break we have corn down 2 cents, soybeans off a penny, and Chicago wheat down a cent. Old-crop soybeans are again taking ground on the new crop,...[Read More]
Corn Shows Strength Toward Close
Fundamentals remain very negative for soybeans but corn remains a different story.
Huge Soybean Acres Surprise the Market
Reported soybean acres surprised the market by over 2 million acres
U.S. Soybean acres came out 2.5 million acres higher than trade estimates, pushing new crop prices sharply lower. Northern states saw the largest acreage additions year over year, with 1.35 million soybean acres added in North Dakota alone. Michigan, Minnesota, and Wisconsin saw a combined...[Read More]
Corn Basis Slumps Along Upper Mississippi
Corn basis slipped a couple cents along the upper Mississippi as heavy rains slow barge movement to the gulf.
Corn basis was unchanged on average this week but we again observed weakness along the upper Mississippi river system. Flooding remains a major problem for barge traffic and as a result grain buyers have been moving spot corn basis lower for the last two weeks. This week saw spot corn basis...[Read More]
Market Lifted By Strong Export Sales
Surprise gave soybeans a high trading day
The market was lifted by stronger than expected export sales reported early this morning. In response to the surprise, soybeans was able to trend higher for the remainder of the day. The market will be looking forward at the June 30th Acreage Report and the Quarterly Grain Stocks numbers...[Read More]
Will the U.S. Run Out of Soybeans?
Strong weekly soybean export sales indicates demand responding to early June selloff.
Keep an eye on the July and August soybean contracts as the market opens this morning.
Soybean export sales were reported at 317,200 – well above trade expectations for around 150,000 tonnes sold. This morning’s report included the large reportable sale of 140,000 tonnes to unknown...[Read More]
Wheat Basis/Futures Showing Strength
Wheat basis out of the gulf and futures both moved higher today
Wheat basis out of the gulf and futures both moved higher today as production concerns and demand side numbers support the trade. Today we discuss the wheat market and expectations for the June 30th reports.
(Infographic) Meeting The Demand For Pork
How will the world meet the demand for the worlds most popular meat?
How will the producers fulfill the need for the world's most popular meat?
Breaking the Glass Ceiling
A female reader shares her experiences as a woman in agriculture.
Have you ever walked into a room full of people and been the only one that is “different?” — I have, and I do frequently.
Welcome to being a woman in agriculture, a still male dominated field. In many of my classes at Michigan State University, they used to tell us this, but it was hard to...[Read More]