Analysts say producers should establish a floor price at today’s values and use call options to enable them to participate in any future rallies. | File photo

Volatile market expected as drought looms

Farmers advised to consider locking in prices beyond 2021 because they may start to tumble under Biden administration

Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year — fasten your seatbelts. “It’s going to be a real volatile, bumpy ride in my opinion this spring and summer,” the Blue Reef Agri-Marketing analyst said during the United States Farm Report segment of the 2021 Commodity Classic […] Read more

Volatile market expected this year

Chip Nellinger has one central piece of advice for grain farmers heading into the 2021-22 crop year — fasten your seatbelts. “It’s going to be a real volatile, bumpy ride in my opinion this spring and summer,” the Blue Reef Agri-Marketing analyst said during the United States Farm Report segment of the 2021 Commodity Classic […] Read more

The new crop corn December futures contract was trading at an 89 cent per bushel discount to the old crop July contract on Feb. 1. That is the second largest inverse in the last 40 years. | Reuters photo

Farmers urged to lock in prices soon

Ed Usset has some advice for growers on how to ride today’s bull market. Many farmers make the mistake of using last year as a guide for when to sell in the upcoming year. Usset, who is a grain marketing economist with the University of Minnesota, thinks a better idea is to look at the […] Read more


A meta-analysis comparing nearly 2,000 soybean meal samples from origins around the world has shown that indeed, not all soybeans are created equal.  | File photo

U.S. soybean sector upgrades quality calculator

It is time for soybean buyers to change the way they value the crop, says the U.S. Soybean Export Council. Buyers have been using a crude protein test developed in 1860 as the main parameter for determining the value of soybeans from different origins. Soybeans from the United States are more expensive and have lower […] Read more

U.S. Secretary of Agriculture Sonny Purdue kicked off day two of the 2020 Commodity Classic conference with a warning to farmers.

U.S. farmers told not to expect future subsidies

U.S. agriculture secretary tells producers no further payments are planned to compensate them for trade war with China


SAN ANTONIO, Texas — American farmers are being weaned off government support. “Don’t make plans in 2020 for another Market Facilitation Program,” United States Secretary of Agriculture Sonny Purdue told growers attending the 2020 Commodity Classic conference. Government subsidies have been keeping American farmers afloat during a nasty trade war with China that has seen […] Read more


WP reporter Sean Pratt is in San Antonio, Texas, this week, home of the Alamo, covering the Commodity Classic. | Sean Pratt photo

VIDEO: Maximizing revenues major message at Commodity Classic

SAN ANTONIO, Texas — Day one of the 2020 Commodity Classic conference kicked off with a market outlook calling for more of the same lacklustre grain and oilseed prices. Bryce Knorr, senior grain market analyst for Farm Futures magazine, said the outlook is fundamentally bearish. The U.S. Department of Agriculture is forecasting an average corn […] Read more

Soybean farmer Austin Rincker poses for a photograph near a grain truck and storage bins on his farm near Moweaqua, Illinois, earlier this month. Rincker will farm approximately 2500 acres in the upcoming season, split evenly between corn and soybeans. Young farmers in the United States are feeling the financial pinch of years of low commodity prices.  |  REUTERS/Daniel Acker photo

U.S. farmers in dire straits

ORLANDO, Fla. — Young farmers in the United States are feeling the financial pinch of years of low commodity prices. That was one of the themes that emerged at the 2019 Commodity Classic as various farm leaders spoke to delegates and reporters attending the event. Daniel Atkisson, chair of the National Sorghum Producers, was by […] Read more

U.S. Agriculture Secretary Sonny Perdue says there is a big difference between a signed agreement and one that has been implemented.  |  Sean Pratt photo

U.S. farmers push for USMCA ratification

ORLANDO, Fla. — American agriculture is doing everything in its power to get the United States-Mexico-Canada Agreement over the finish line. U.S. Agriculture Secretary Sonny Perdue warned the 9,000 delegates attending the 2019 Commodity Classic conference that there is a big difference between a signed agreement and one that has been implemented. “It’s never over […] Read more


Charles Baron describes his company as a network that allows growers to share data with one another about agronomics, precision agriculture and what they are paying for seed, chemical and fertilizer in their area.  |  Sean Pratt photo

Price transparency promised

Farmers Business Network started operating in Canada in December and says it has already signed up members who farm more than 1.5 million acres

ANAHEIM, Calif. — A U.S. company promises to bring chemical and fertilizer price transparency to Canada. Farmers Business Network (FBN) launched in Canada in December and has already signed up members who farm more than 1.5 million acres of cropland combined. Charles Baron, cofounder of the business, describes FBN as a farmer-to-farmer network where growers […] Read more

U.S. President Donald Trump's threats to trade with China and NAFTA are making American farmers nervous.  REUTERS/Kevin Lamarque photo

Trump election spurs jump in optimism among farmers

ANAHEIM, Calif. — A “paradigm shift” in U.S. farmer attitude occurred in late 2016. James Mintert, an agricultural economics professor at Perdue University, tracks farmer confidence in the agricultural economy through a monthly survey of 400 farmers across the nation. He targets growers with more than $500,000 in revenue, the eight percent of farmers who […] Read more