Unrest In Producing Counties Weighing On The Minds Of Oil Investors

Oil prices traded higher in early Monday action, but when it was all said and done, eventually closed slightly lower. West Texas Crude closed 1% lower, primarily on the unrest in oil producing countries, such as Kazakhstan and Libya. Patrick DeHaan with GasBuddy said oil and gas demand is bearish this time of year, especially […]

WSJ: Uncertainty Lies Ahead For Farmers

As the American Ag industry looks ahead to 2022, the Wall Street Journal says farmers are facing more uncertainty. The Wall Street Journal says a banner year for grain prices has U.S. farmers increasing wheat, corn and soybeans acres compared to just a year ago. However, high fertilizer prices, forecasts for more weather challenges, and […]

Long-Term Productivity Growth Varies Across Countries

According to data from USDA’s Economic Research Service, total factor productivity growth for agriculture, the rate of technology and efficiency programs being used in Ag, varies across countries. The data measures the amount of agricultural output produced from the combined set of land, labor, capital, and material resources employed in the production process. Strengthening the […]

DeHaan: Oil Markets Not As Concerned About Omicron Variant

Despite wild weather in the Midwest and Southeastern U.S. and growing tensions with Russia and China, coronavirus remains the top issue for oil investors. Patrick DeHaan with GasBuddy said the Omicron variety has had the attention of the markets for roughly two weeks, but he noted investors are not as concerned about this new variety […]

Growers With Wheat In A “Good Position”

If you have wheat to sell, then for you are sitting in a good position. USDA Outlook Board Chairman Mark Jekanowski said futures prices, of course, for wheat, certainly remarkable. “Across all the classes, soft red winter, hard red winter, spring wheat; there all at 10 year highs, or more than 10 years.” And what’s […]

Like U.S., Russia’s Spring Wheat Crop Struggling

For wheat growers in the United States and Russia, there are more similarities than differences, beyond the fact that both counties grow winter and spring wheat. World Agricultural Outlook Board Chair, Mark Jekanowski, said as in the U.S., both of Russia’s wheat crops have been experiencing differing weather conditions. “Winter wheat production benefited from really […]

World Wheat Crop Continues To Increase

When it comes to wheat production worldwide, records continue to be broken. The latest USDA forecast calls for a 5.5 million ton increase in wheat production globally. World Agricultural Outlook Board Chair Mark Jekanowski, said while the U.S. participated in that increase with a projected .7% rise in production, most of the increase originates from […]

Weaker U.S. Dollar A Benefit To Some Commodities

Over the past year, the value of the U.S. dollar has weakened substantially, which according to CoBank has made several American Ag products more competitive globally. Tanner Ehmke manager of CoBank’s Knowledge Exchange Division pointed out, not all commodities are affected equally. For example while prices have increased as of recent, the wheat sector has […]

ITC Placing Duties on Phosphate Fertilizer Imports

The U.S. International Trade Commission says phosphate fertilizer imports from Morocco and Russia have affected the U.S. fertilizer market. The ITC also said it will place a countervailing duty on the imports from those countries. U.S. commodity groups have warned that new duties on imported phosphate fertilizers would raise prices by more than $80 a […]

World Wheat Production, Demand Expected To Increase

The most recent U.S. Wheat Associates “Winter 2021 Wheat Supply and Demand Outlook” indicates the 2020-2021 marketing year set several records. For example, the USDA expects global wheat production to reach 773 million metric tons on increased annual production from some of the world’s top exporters. Steve Mercer, Vice President of Communications for the U.S. […]