EXPORTS
USDA report a mixed bag
The wheat markets had losses of 30 to 45 cents last week. The December U.S. Department of Agriculture report increased ending stocks because of weak exports.
By Ray Grabanski , December 17, 2012
Food, fuel go hand in hand
WASHINGTON — With gas prices ticking ever-higher and the summer months approaching, no relief is in sight. Gas prices affect not only your cost at the pump, but also the cost to transport goods you use in everyday life, such as food and clothing. With an economy that is slowly recovering, spikes in the price of fuel could spell disaster. Congress needs to act to ensure our economic recovery is not derailed.
By Roger Johnson , April 09, 2012
Farms critical to state's prosperity
WASHINGTON — During the past year, I’ve visited dozens of Minnesota’s businesses and farms. All over the state, you see that “Made in America” isn’t just a timeworn cliché — it’s happening here and it’s happening now.
By Amy Klobuchar , April 02, 2012
Markets retreat
The wheat markets had losses of 15 to 26 cents last week. The winter wheat markets had the larger losses due to beneficial rains in much of the winter wheat belt and losses in the corn market. Minneapolis wheat had lighter losses due to strong export sales and lingering concerns about dry soil conditions in the Northern Plains. Markets will likely spend this week positioning ahead of the March 30 reports.
By Ray Grabanski , March 26, 2012
Durum decline
Keith Deutsch knows that part of his job is promoting his crop. He knows he needs to be realistic, too. “It just doesn’t look too good for this spring,” says Deutsch. a Plaza, N.D., farmer and president of the U.S. Durum Growers Association. “It may sound strange for someone from the association to be saying that.” But Deutsch and other area durum boosters say they have to acknowledge the obvious.
By Jonathan Knutson , March 12, 2012
Firm markets start new month
The corn market gained 8 to 10 cents in both old and new crop contracts last week. Corn found support from smaller South American production and tighter U.S. old crop ending stock estimates. The U.S. Department of Agriculture will release its next monthly crop production and supply/demand report on March 9.
By Ray Grabanski , March 05, 2012
Is that pop champagne?
FARGO, N.D. — If farmers are the eternal optimists, then they may have more to be optimistic in 2012 than ever before. And more to be careful about, I would think.
By Mikkel Pates , March 05, 2012
USDA report offers little surprise
The corn market lost 10 cents last week as there were no big surprises in the U.S. Department of Agriculture supply and demand report. Traders were expecting tighter stocks and an increase in exports, which did materialize and was built into the market.
By Ray Grabanski , February 13, 2012
February starts on firm footing
The corn market remained unchanged last week and traded near $6.40 in the March contract. The futures traded in a sideways pattern last week as it lacked any fresh news. Decent export sales last week, a firm cash market and lack of farmer selling offered support.
By Ray Grabanski , February 08, 2012
Potential exports drive wheat higher
The corn market gained 25 cents last week with the strength in the wheat market. Rumors that Russia may put a tax on wheat exports and may even ban exports supported the wheat market which spilled over to corn. The strengthening export demand and a firming cash basis also offered support last week.
By Ray Grabanski , January 30, 2012
Export market shows potential life
The corn market climbed back above the $6 level and gained 6 cents last week. Market support came from new export sales last week and the lack of farmer selling.
By Ray Grabanski , January 23, 2012
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