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Tag Archives: markets

Optimistic Forecast

Amanda Huber, Editor

Each spring, economists from the University of Georgia Department of Agricultural and Applied Economics offer a forecast for the coming crop season with an emphasis on the major commodities within the state. UGA agricultural economist Adam Rabinowitz was a speaker on the 2020 Ag Forecast program. In anticipation of the event, Rabinowitz said predicting markets and providing an accurate account ... Read More »

Market Situation

mark welch TAMU

Texas A&M AgriLife Associate Professor and Extension Economist Mark Welch offers the following market information in his newsletter “Feed Grain Outlook.”U.S. corn exports face increasing competition from foreign producers. Corn producers in the Black Sea region of Ukraine and Russia have completed the 2019-2020 harvest on the same basic crop calendar as the United States. Harvest of first crop corn ... Read More »

Price Above PLC Trigger

corn

In his “Feed Grain Outlook” marketing newsletter, Mark Welch, Texas A&M AgriLife Extension economist, says U.S. corn production decreased by 118 million bushels, according to the November World Agricultural Supply and Demand Estimates. The national average corn yield declined from 168.4 bushels per acre to 167 bushels, 3% below trend. Harvested acreage was unchanged. That number would have been more ... Read More »

USDA expects to begin 2nd round of MFP payments before Thanksgiving

ship, bay bridge

The U.S. Department of Agriculture is expected to begin making the second round of 2019 Market Facilitation Program payments the week before Thanksgiving to help farmers suffering from trade retaliations by foreign nations. Producers of MFP-eligible commodities will be eligible to receive 25% of the total payment expected in addition to the 50% they already have received from the 2019 ... Read More »

Market Factors

Arkansas corn harvest

What are the key factors for the corn market in late 2019? Mark Welch, Texas A&M Ag Extension Economist, offers a few points in his Market Grain Outlook. Grain Use A good week of corn export sales was reported for mid-September at 58 million bushels. This is well above the 34-million bushel pace needed to reach the 2.05-billion bushel target ... Read More »

2020 corn, soybean futures offer attractive marketing opportunities

grain storage

Corn and soybean producers may want to consider locking in futures contracts for at least a portion of their 2020 crops now, even though they are still months away from planting, said Todd Davis, agricultural economist with the University of Kentucky College of Agriculture, Food and Environment. December 2020 corn futures were trading at $4.07 a bushel on Oct. 25. ... Read More »

Corn, Sorghum Prices Rally On Crop Uncertainty

texas corn harvest

Corn and sorghum prices have rallied in response to weather-related problems in the Corn Belt, but their future remains uncertain, according to a Texas A&M AgriLife Extension Service expert. Dr. Mark Welch, AgriLife Extension grain economist, College Station, said Texas corn and sorghum growers are reporting better-than-average growing conditions amid higher prices. There is ongoing speculation U.S. corn acres have ... Read More »

Corn Stocks Less Than Expected

grain storage

Mark Welch, Texas A&M AgriLife Extension economist, College Station, says the U.S. Department of Agriculture’s recently released report shows national corn supplies carried over from 2018 were lower than expected. The U.S. typically carries 15-20 percent of the national crop into the next growing season. The report estimated the U.S. corn stock was at 12 percent, Welch says. “The carryover ... Read More »

Market Factors

Arkansas corn harvest

As planning for planting 2019 begins in earnest, Mark Welch, Texas A&M Ag Extension economist, offers the following Market Grain Outlook report. Grain Stocks The most recent crop progress report showed no changes to the condition ratings of the U.S. corn crop. The good and excellent categories combine for 69 percent of the crop as the season winds down. The ... Read More »

What’s Moving The Market?

grain storage

Global carryover has reached the lowest estimated days-of-use on hand at 69.4 since 2013’s carryover of a 67.2-day supply, says Mark Welch, Texas A&M agricultural Extension economist, in his most recent Market Grain Outlook. His report on corn and other grain markets continues as follows: Read More »