It was an interesting week in the markets for several reasons that ranged from U.S. harvest-related developments to a policy change abroad and an unexpected election result.It was an interesting week in the markets for several reasons:
Domestic basis levels for wheat, corn and soybeans continue to improve (higher) as farmers are finding a home for the latter two big crops that are almost finished with harvest. There are reports of corn and soybeans piled everywhere across the western Corn Belt, but we don’t see them. An informal elevator survey suggests that only 20 percent of respondents said they had more grain on the ground than last year. Farmers obviously did a good job preparing for this harvest by either building additional...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
