As drought deteriorates across the U.S., it's a positive signal for growing a big crop in 2024. And analysts say if weather continues to fuel this year's crop, December corn futures could fall into the $3 range by fall.
Strong basis bids are sparking questions about the reality of corn supplies and issues in getting grain to areas of the country that need it. Analysts are watching USDA's Grain Stocks report this week for answers.
Last week, hot and dry weather fueled commodity markets. This week, the change in the weather forecast, as well as growing concerns about a recession, spurred market speculators to sell.
As consumers see increased prices at the store in many counties across the globe, decreasing import tariffs has helped make food more affordable and increase opportunities for exporting markets.
Heat seemed to be the focus of the markets this week. Two veteran market analysts say if this heat continues, and drought becomes an even larger concern, commodities could see a violent run-up in prices.
Record-level red meat exports of $18.7 billion in 2021 had a major impact on the corn and soybean industries, according to an independent study by the Juday Group for the U.S. Meat Export Federation.
Diesel prices are causing sticker shock, as fears of a possible diesel shortage are growing. It’s not just retail diesel prices that are rapidly rising. Some farmers report booking off-road diesel for above $5.
Transforming the U.S. food system by improving supply chains and addressing issues exposed by the Covid-19 pandemic was detailed by USDA Secretary Tom Vilsack during a speech at Georgetown University.
From record-high gas and diesel prices on the road to a major spike in the price Americans paid for their Memorial Day weekend barbecue essentials, shoppers are seeing price spikes everywhere they go.
U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.
Gas prices are above $4 a gallon in every state for the first time ever, and with the average price of gasoline posting another new record Thursday, it’s causing shoppers to alter their appetites at the grocery store.
Biden says Ukraine has 20 million tons of stored grain awaiting export to various countries. He says lack of port movement coupled with halted planting in Ukraine will ignite a global food crisis unless action is taken.
Diesel prices hit historic highs this week. Due to increased demand and a drop in production, a diesel shortage may be looming as the largest diesel distribution hub in the U.S. is sitting on supplies at a 30-year low.
Inflation predictions were so wrong for so long, the real thing has flummoxed us entirely. The other problem with this abrupt price change is the number of things to blame.
Decision making changes during periods of inflation. If the historic inflation continues, knowing how inflation impacts decision making will help you make better choices, and your plans will be more likely to succeed.
Increased regulation and the search for better work-life balance are two factors leading to a shortage of truck drivers in the U.S. Walmart is now increasing the starting salary for drivers to try to attract new people.
Commodity prices won't grow less volatile over the next several months. So, what's a potential game plan for locking in feed prices? Friday's market action may be one example of what producers can do to manage risk.
With Ukraine and Russia at war in the midst of a world moving away from the worst of the COVID-19 pandemic, there is a lot to consider in the 2023 Farm Bill. Industry experts weighed-in to share their predictions.
The commodity markets came under pressure to start the week as traders tried to shed risk over shipping concerns in China as COVID-19 concerns caused officials to shut down transportation amid a two-pronged lockdown.
USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.
The Northwest Seaport Alliance is partnering the USDA to bring the Port of Seattle a 49-acre pop-up site that will accept both dry and refrigerated agricultural products for temporary storage.
The fundamentals in both the grain and livestock markets didn't change this week. So, why did prices see such a volatile trading week? Joe Vaclavik and Don Close break down this week's market action on U.S. Farm Report.
Even with Russia removed from the global fertilizer market, it still doesn’t create worst-case scenario. StoneX Group says China could make the situation worse, as China and Russia account for 40% of global phosphate.
Wheat futures were fueled by the ongoing Russia-Ukraine crisis on Wednesday. As a result, front-month wheat contracts hit daily trading limits and soared to a 14-year high.
The Russia-Ukraine crisis sent wheat prices skyrocketing 50 cents higher, with corn up 30 cents at one point Thursday. Crude oil also soared above $100 per barrel, hitting the highest level since 2014.
The top 10 export markets all saw gains in 2021, with six of the 10 (China, Mexico, Canada, South Korea, the Philippines and Colombia) setting new records.
Colin Woodall, NCBA CEO, says the DOJ has an “obligation” to provide full transparency and finish the investigation to give cattle producers the full scope of the issue.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.
A new USDA Market News Mobile Application will provide the supply chain with instant access to current and historical market information, including over 800 livestock, poultry, and grain reports.
On Dec. 10, 2021, a tornado tore across Kentucky demolishing areas in its path.
Farmers and state leaders say it will be a long road to recovery with trouble sourcing even enough fencing supplies to rebuild.
Transportation woes continue to haunt Northeast shippers as trucks remain hard to come by and freight rates skyrocket because of rising fuel costs and a scarcity of drivers.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
Inflation is effecting consumers across the country. And as Americans prepare to gather for Thanksgiving this year, it will cost most Americans more than it did last year, but not the highest price ever.
USDA Secretary of Agriculture Tom Vilsack announced on Monday the investment of $32 million in grants awarded to 167 meat and poultry slaughter and processing facilities to support expanded capacity and efficiency.
Members of the United Auto Workers Union (UAW) approved a new six-year deal on Wednesday with a 61% vote. The new agreement includes a signing bonus, wage increases, as well as enhanced retirement options.
Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.
Inflation levels are now at levels the U.S. hasn't seen in three decades. The latest Consumer Price Index (CPI) showed a 6.2% spike over the past 12 months, the largest increase since 1990. Beef prices are up 20%.
AgriTalk’s Chip Flory is accompanied by Iowa Cattlemen’s CEO Matt Deppe on Tuesday as they discuss the new Cattle Price Discovery and Transparency Act that U.S. Senators are expected to propose in coming days.
After months of negotiation, the House passed the $1.2T infrastructure Bill. With $550 billion in new spending, from roads and bridges to a boost to broadband, we look into what's in the bill for agriculture.
As labor woes continue to cripple meat processing plants, Missouri is rolling out a unique concept to answer many processors’ biggest need. The classroom on wheels will provide workforce development at a pivotal time.
U.S. tractor maker Deere & Co agreed on a new six-year contract with the United Auto Workers (UAW) union that would be subject to a vote by the company's striking workers, the company said in a statement on Saturday.
The price shoppers pay for items like meat at the grocery store are expected to continue the rapid rise. An updated Consumer Price Index shows wholesale beef prices could increase 20% this year.