The markets have responded to last Friday's bullish corn and wheat reports as expected. Today's steep rally in the soybean market was perhaps a little stronger than many anticipated. The fact is, no matter how you slice the corn and soybean numbers, the bottom line is that little price rationing has occurred. Here are a few more points to consider. "Other" Feed Grains
The market focuses on the major feed grain crop, and that is corn. The U.S. sorghum outlook also changed considerably last Friday. USDA added 50 million bushels of feed use because the stocks simply aren't there. To keep sorghum ending supplies above zero, USDA had to reduce the sorghum export forecast by 35 million bushels. We are or will be out of sorghum as well. Sorg...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
