As the 2018 growing season officially comes to an end, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will contact producers nationwide to gather final year-end crop production numbers and the amount of grain and oilseeds they store on their farms. At the same time, NASS will survey grain facility operators to determine year-end grain and oilseed stocks. …
China Grain Imports Plunge Amidst Tariffs
Imports of grain to China plunged in July after rounds of heavy tariffs between the U.S. and China were enacted. Data reviewed by Reuters shows China imported 220,000 metric tons of sorghum in July, down 62.5 percent from 588,300 metric tons a year ago. The imports were also below June’s 450,000 metric tons, when buyers scooped up U.S. shipments of …
Farm Credit Outlook Shows Prices for Grains to Strengthen
An outlook presented to the Farm Credit Administration shows corn and soybean prices are projected to strengthen, boosting profit margins for crop farmers. The report shows profit margins are expected to decline for livestock producers though, as rising grain prices drive up feed costs, and Southwest pasture conditions deteriorate because of severe drought. The quarterly report also notes that uncertainties …
Grain, Dairy Markets Worried About Trade War
Analysts are saying that President Trump’s decision to impose tariffs on steel and aluminum imports could be hard on farmers. Farm Journal’s Ag Web Dot Com points out that, while Trump hasn’t officially imposed the tariffs, the decision doesn’t have the support of his entire Cabinet and has raised eyebrows all over the world. Jeff Harrison of Combest, Sell, and …
ADM, Bunge Talks Advancing
Talks between ADM and Bunge are advancing, and ADM says it could reach an agreement to purchase Bungee as soon as this week. Archer Daniels Midland, or ADM, proposed a takeover of Bunge last month, as Reuters points out that large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled with global oversupplies and …
Stable Forecast for U.S. Crop Prices Forecast
U.S. grain prices and crop demand for 2017-2018 will likely show no major changes, according to Dr. Keith Coble, former chief economist for Senate Agriculture Committee Republicans and the head of the Agricultural Economics Department at Mississippi State University. Coble spoke to workshop attendees during the American Farm Bureau Federation’s 2018 Annual Convention & IDEAg Trade Show about global crop …
Grain Elevator Profit Margins Could Increase in 2018
A new report from CoBank says 2018 could bring an increase in profit margins for grain elevators. The report cites a weak harvest basis, along with low transportation rates, and other issues for the prospect of improved profit margins. A CoBank researcher also says a large carryover and another huge crop have “created an attractive carry in futures markets, particularly …
Cautious Optimism Ahead in Grain, Ethanol Markets
CoBank says rising incomes around the globe will help push demand higher and create more opportunities for U.S. exports in grains, oilseeds, and ethanol. A new report from CoBank’s Knowledge Exchange Division says things like commodity surpluses around the globe, trade agreement negotiations, and the relative strength of key currencies all will influence the scope of growth over the next …
USDA to Measure Final 2017 Row Crop Production and Grain Stocks with Two End-of-Year Surveys
The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) is encouraging producers to respond to two upcoming surveys – the December Agricultural Survey and the County Agricultural Production Survey – that are critical to row crop producers around the country. The results of the surveys help determine the structure of the 2017 farm payment and risk management programs administered …
Grain Traders Getting Squeezed by Oversupply
Over the past few years, farmers have cut their spending due to low commodity prices caused, in part, by a global glut of commodities. A Dow Jones report indicates that it’s now commodity traders’ turn to make significant adjustments. Major players in the global grain trade, such as Archer Daniels Midland and Bunge, Ltd., are reducing expenditures by hundreds of …
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