Markets

A market analyst says he expects volatility in the wheat markets to continue. Jim McCormick with AgMarket.Net says prices responded sharply higher following this week’s USDA’s supply and demand report that predicted the smallest crop since the 70s. “It had to recalibrate itself – plain and simple – pretty violently.” However, prices have since moved […] The post Smaller U.S. wheat crop continues to drive market swings appeared first on Brownfield Ag News. View Full Story

China’s Ag Ministry says it plans to import fewer soybeans, pork, beef and dairy products in the next decade. Naomi Blohm with Total Farm Marketing says that sends a clear message. “They don’t have to do as much negotiations potentially with the United States in the future. I think it’s a little bit of a […] The post China signals longer-term cuts to ag imports appeared first on Brownfield Ag News. View Full Story

An agricultural economist with Advance Trading says ongoing volatility in the commodity markets can bring opportunities. “You can either be afraid of volatility, be scared of it, or embrace it.” Brian Basting tells Brownfield, “I still think there’s a sizable chunk of corn left out there, but I’d encourage your viewers to defend their balance […] The post Markets giving growers the option to embrace volatility appeared first on Brownfield Ag News. View Full Story

An agricultural economist with Advance Trading says the corn and soybean markets have fallen off their highs of early spring. Brian Basting says many farmers took advantage of the rally touched off by the Middle Eastern conflict, but… “The market until last day or two had retraced that entire rally that was linked to the […] The post Conflict rally behind corn and soybean markets appeared first on Brownfield Ag News. View Full Story

A soy-based adhesive tape took home the top prize at the 32nd annual Student Soybean Innovation Competition sponsored by the Indiana Soybean Alliance and Purdue University. Biological engineering sophomore Jocelyn Erickson explains the product.  “SoySeal is a 90% soy-based tape where the adhesive part is 100% soy-based and the backing is 90% with only one non-soy ingredient, […] The post SoySeal adhesive tape wins $20,000 prize in ISA and Purdue University Student Soybean Innovation Competition appeared first on Brownfield Ag News. View Full Story

The co-founder of AgMarket.net says U.S. farmers are likely preparing to plant a record number of corn and soybean acres. Ahead of next week’s USDA Prospective Plantings Report, Matt Bennett says the company estimates farmers will plant 94.4 million acres of corn and 86.1 million acres of soybeans in 2026. “The combined total there, if […] The post AgMarket.net estimating record U.S. corn and soybean acreage appeared first on Brownfield Ag News. View Full Story

More volatility in the cattle markets is expected. Jackie Moore, the owner of Joplin Regional Stockyards in Missouri, one of the largest sale barns in the country says the wild ride in the cattle markets is far from over. “I don’t know what’s going to happen, I just want to live long enough to find out,” he says. “I’ve seen a […] The post Cattle markets remain unpredictable appeared first on Brownfield Ag News. View Full Story

The co-founder of AgMarket.net says continued demand for U.S. corn is bringing basis opportunities for some farmers. Matt Bennett, who also farms in central Illinois, says growers need to be in close contact with their merchandiser. “They just need to let their originator know, hey, I’ve got bushels here. What would it take to get […] The post Some farmers finding basis opportunities in the corn market appeared first on Brownfield Ag News. View Full Story

Taking advantage of marketing opportunities.  Matt Bennett, co-founder of AgMarket.net and an Illinois farmer, says recent gains in the soybean market shouldn’t be overlooked. “Three weeks ago, you would have swore that you’d sell beans at $11 or better.”  He says, “Now you’ve got the opportunity, so if you don’t take that opportunity, it’s on […] The post Soybean market offers opportunity and potential appeared first on Brownfield Ag News. View Full Story

A grain merchandiser says farmers can’t afford to sit-on-the sidelines and wait to market grain this year. Mathew Burkey with Ag Valley Coop says there’s too much volatility. “I tell guys have some future targets working. Spread out your risk. Maybe do some seasonal-average contracts, but you have to do something.”   Seasonal average contracts […] The post Volatile markets require active grain marketing strategy appeared first on Brownfield Ag News. View Full Story