Farmers farm in situations of great uncertainty. There are many risks. Those two things aren’t the same. That might be why much advice coming from economists and other experts often faces resistance from farmers. “They (economists) rarely talk about uncertainty. They talk about risk… as though you could calculate it. But in many cases you […] Read more
Markets — page 334
Measurements and data can’t eliminate uncertainty for farmers
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was $39.67 per cwt. Jan. 3, up from $38.63 on Dec. 27. U.S. hogs averaged $50.50 on a carcass basis Jan. 3, up from $49.06 Dec. 27. The U.S. pork cutout was $74.22 per cwt. Jan. 3, down from $75.04 Dec. 27. The estimated […] Read more
Argentine soybeans facing tax increases
WINNIPEG, Jan. 8 (MarketsFarm) – When it comes to soybeans in Argentina there were few major diversions between the United States Department of Agriculture’s data (USDA) and that from department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin […] Read more
Chicago Board of Trade hopeful for 2020
WINNIPEG, (MarketsFarm) – Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” stated […] Read more
Canadian red lentils see some strength to start New Year
Winnipeg, (MarketsFarm) – The red lentil market in Western Canada is seeing some life to start the New Year, with the improved bids creating some marketing opportunities. “Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice president with Rayglen Commodities in […] Read more
Canadian wheat bids rise over holidays
Winnipeg,(MarketsFarm) – Hard red spring wheat bids in Western Canada posted solid gains during the two-week holiday period ended Jan. 2, as gains in the United States futures more than made up for the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (13.5 percent) wheat prices were up by C$5 to […] Read more
Global economic outlook brightens (a little): expert
The world’s economy should experience better times in 2020 than 2019, say some major market prognosticators. It won’t be a boom, but relief from recent worries should let the globe’s economy keep growing, they guess. “Now, with trade tensions and monetary policy easing concurrently, we think the macroeconomy can continue to make forward progress,” writes […] Read more
Supply and demand data planned for pulses
Marlene Boersch was pleased to hear that the International Grains Council is setting up a pulse supply and demand database for key producing and exporting countries. The IGC already publishes data for wheat, durum, corn, barley, sorghum, oats, rye, rice, soybeans, soymeal and rapeseed/canola. Starting in July 2020, it will also publish information for peas, […] Read more
Corn crop estimate continues to rankle in U.S.
An expected estimate reduction would drop the stocks-to-use ratio to 11 percent and significantly affect prices
Todd Hultman hears the same message from every U.S. corn farmer he encounters. “They are all saying to me, ‘when is the USDA going to recognize we have problems in the corn field?’ ” said DTN’s lead analyst. He recently spoke to a group of growers in eastern Nebraska, a region that experienced the best […] Read more
Bracing for ‘normal’ markets year seems like a safe bet
At the end of 2018 a dominant proportion of the world’s market prognosticators thought 2019 would host a recession and perhaps a market meltdown. Since then the world’s stock markets have rallied with the Standard and Poors 500 rising more than 20 percent with no general recession appearing. In 2017 and early 2018 the world’s […] Read more
