Total Farm Marketing Senior Market Advisor Naomi Blohm says tight corn and soybean ending stocks should be supportive to U.S. commodity prices. “We don’t have a reason to see prices race higher, they didn’t give us that information, but USDA also took away the... Read More.
A farm real estate expert believes commodity prices will continue to drive farmland values in 2023. Beyond that, Paul Schadegg with Farmers National Company says supply and demand will be key. “That limited supply of land coming to the market is going to play a big... Read More.
A commodity broker says there could be a sizeable shift in corn acres next year if commodity prices remain supportive. Jeff Peterson with Heartland Farm Partners tells Brownfield he expects corn acres to top 94 million acres – a increase of nearly 4 percent.... Read More.
The head of a state commodity group says the clock is ticking for a resolution to Mexico’s impending ban on genetically modified corn. Nebraska Corn Board Executive Director Kelly Brunkhorst tells Brownfield the disagreement creates uncertainty for farmers purchasing seed for the next growing... Read More.
Farmers are encouraged to take advantage of strong commodity prices. CHS Hedging senior commodity broker Ryan Kelbrants says historically the market softens this time of year. “Seasonally we’re supposed to be kind of at the lower end of the ranges on prices and stuff, and we’ve... Read More.
Illinois commodity groups are partnering on several projects to help maximize the value of their members’ checkoff dollars. Illinois Pork Producers Association Executive Director Jennifer Tirey tells Brownfield many pork and beef producers are also corn and soybean farmers, so combining checkoff funds makes... Read More.
An ag economist says commodity traders seem to fear global recession as crop prices have dropped sharply in the last few days. The University of Missouri’s Ben Brown… “Less driving so less ethanol use; less meat demand so less feed demand,” Brown said. “I think... Read More.
Expensive inputs are dampening farmer enthusiasm about high commodity prices. Brent Mohn grows corn and soybeans in southern Minnesota. “A lot of people get excited about high commodity prices, but kind of don’t think about the high expenses that go with it. I personally find... Read More.
An ag economist says demand for biofuels has added stronger price support for commodities. Nathan Kauffman with the Kansas City Federal Reserve Bank says prior to the pandemic, commodity prices were expected to remain steady through 2022. But, he says, that’s changed. “There are underlying... Read More.