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Tag Archives: markets

BIG #CROPS HIGHLIGHT NEED FOR STRONG AG #MARKETS

Thinking back to August, IFB President Richard Guebert, Jr. wasn’t too worried about who would buy this year’s crops. He wasn’t sure there’d be much of a crop to buy in the first place. But Guebert’s yield monitor showed surprisingly high numbers this fall, and his thoughts have returned to where his crops are going… read more

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COVERING THE BASIS: LOCAL CROP PRICES REMAIN WEAK

Many farmers will store this year’s harvest wherever they can find room and wait for better prices as basis levels at many locations around the state continue to offer little incentive to sell crops off the combine. Aaron Curtis, commodity risk consultant for Mid-Co Commodities, said high rates and better-than-expected yields have contributed to the… read more

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#WHEAT PLANTING INTENTIONS UNCERTAIN

Some farmers who were leaning toward planting more wheat this fall are now on the fence about the decision as corn and soybean harvest nears. The recent dip in wheat prices, from nearly $5 per bushel in June to below $4 per bushel now, created much of the indecision. Just weeks ago, it appeared likely… read more

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#CORN YIELDS LIKELY TO REMAIN STABLE

Despite dry conditions for the next two weeks, without a significant heat event in July, national corn yield is unlikely to fall too far below the long-term trend, further expanding global supplies. Given the current state of the 2017 corn crop, and the weather forecasts for early July, final yield shouldn’t fall more than 3… read more

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#EU, #JAPAN RACE TO CLINCH #TRADE ACCORD

The European Union and Japan’s leaders will gather in Brussels tomorrow, seeking to announce a broad trade deal that would send a strong signal for global cooperation against U.S. protectionism a day before the Group of 20 summit. The EU-Japan push comes as G-20 leaders prepare to rebuke President Donald Trump’s protectionist policies during their… read more

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ACREAGE REPORT, WEATHER SPUR MARKET RALLY

The crop markets finished June on a high note due to a combination of USDA estimates and weather concerns. USDA, in its much-anticipated June 30 acreage report, pegged U.S. soybean plantings at a record 89.5 million acres and corn plantings at 90.9 million acres. Analysts believe prices could continue to rally if the weather turns… read more

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NEW IBA PRESIDENT SEEKS TO EXPAND MARKET OPPORTUNITIES

Joni Bucher, a fourth-generation cattle farmer from McDonough County, was elected president of the Illinois Beef Association last week at the group’s annual meeting in Quincy. And she didn’t hesitate when asked about her priorities in the leadership role: “We’re definitely focused on trade and working with legislators to expand our opportunities.” (FarmWeekNow.com)

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MORE HOGS NO PROBLEM FOR MARKET

Current economic models suggest hog farmers are making between $10 and $20 per head despite a projected growth in slaughter of 3.8% this year and possibly up to 4% in 2018. How are strong prices, well above $70 per hundredweight, and profitable margins possible at a time with such large production? The main driver revolves… read more

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WILL #CORN PRICES REMAIN RANGE-BOUND?

#Farmers are ready to pounce if and when the corn cash price ever gets to $4-plus. But will they get that opportunity? The market in western Illinois the middle of last week traded at $3.45 per bushel cash, $3.65 for November and $3.77 for March 208. “Corn has been in a pretty tight trading range… read more

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#SOYBEAN FUTURES HIT SIX-MONTH HIGH

A truckers’ strike in Brazil, flooding in Argentina and an influx of investment in commodity markets here all came together this week to send soybean futures to a six-month high. “There’s a significant amount of interest in the ag sector of the commodity market,” said trader Jim Bower, who added that he believes the soybean… read more

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