A new report from CoBank says grain merchandisers have endured rising costs of storing or carrying grain and oilseed inventories during the past year because of rising interest rates. Higher crop prices and rising operating costs like transportation, insurance,...
The Black Sea Grain Deal was extended this week for another two months despite reports that Russia wanted the deal to end. “The Black Sea green corridor deal is a deal between the UN, Russia, Ukraine and Turkey, and it basically allows Ukraine to export grain via...
The Black Sea grain deal has been extended for another two months, something the United Nations calls “good news for the world.” The news came one day before Russia could have quit the deal because of obstacles to its grain and fertilizer exports. Reuters says...
The USDA says corn export sales hit the lowest level since the 2022-2023 marketing year began on September 1. Cancelations led to a net reduction in corn sales during the seven days ending on April 27 of 315,600 metric tons. China canceled shipments of 562,800...
Sell-offs have continued for several straight days in the grain markets leading to much lower prices for corn, soybean and wheat futures. “It's kind of like—let's make it real simple—what’s grabbing you by the lapels and saying you need to buy me? I'm not seeing...
USDA recently released data on U.S. meat exports through February and their price projections for the remainder of the year. World Agricultural Outlook Board Chairman Mark Jekanowski explains there were just slight adjustments to the meat export forecast. “In all...
A recent strike at two shipping ports in California caused many ag exports to temporarily come to a grinding halt. Any further work stoppages at those ports may have an impact on farmers and ag businesses in Indiana. “We're very concerned about this issue on the...
The USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) Report, which was released Tuesday, offered few changes to the outlook for corn, soybeans and wheat. This month's 2022/23 U.S. corn outlook predicts reductions to imports and food, seed, and...
If you’re a pork producer, you’ve noticed how the market value for lean hogs has dropped quite a bit in the past month-and-a-half. “It all comes back to simple supply and demand—and right now, the demand just isn't there for the supply,” says Karl Setzer,...
Indiana farmers are projected to plant 5.5 million acres of corn, which is up five percent from 2022, and 5.6 million acres of soybeans, which is down four percent lower than a year ago. That’s according to the USDA’s Prospective Plantings report, which was...
The United Nations Secretary-General over the weekend announced an extension of the Black Sea Grain Initiative. The announcement came at the last minute as the agreement was set to expire. The Initiative facilitates the safe navigation for the exports of grain and...