But Martinson said Ukraine isn’t getting much shipped out due to the invasion of its country by Russia, and Brazil’s soybean crop appears to be “well off of expectations,” which opens up the door for more exports from the U.S. So with Indonesia out of the market and Ukraine and Russia out of the market […]
The grains are all in an overbought market condition and in need of a correction, but as has been the case the past few months, every little retracement gets met with an aggressive amount of buying. Weather continues to be the main driver as the northern Plains saw another round of rain showers and another […]
But this week the headlines started to increase as it was more than just the war in Ukraine that gave the market direction. This has helped those markets consistently trade to new contract highs as they attempt to try to buy more acres. Wintery weather continues to dominate the northern Plains while cold, wet conditions […]
There’s been nothing in the forecasts conducive to planting, Martinson said. Also helping wheat this week was the first crop progress rating, which showed winter wheat with its lowest initial rating in 26 years and the lowest ever for hard red winter wheat. The drought still is having an impact on the cattle herd, as […]
The last week of March was a rough week for the grains as traders continued to trade headlines. On March 28, China was in and bought 132,000 metric tons of old crop soybeans while an unknown destination bought 128,000 metric tons of corn split evenly between old and new crop. What was interesting in the […]
Those numbers would result in big ending stocks of soybeans, and Martinson said the market likely will need to pull at least a couple dollars out. He and Rook explained that many of the acres not going into corn in the Corn Belt would have been fields that would have been corn on corn. In […]
The grains were able to post solid gains by the close of the fourth week of March, recovering all of the previous week’s losses and then some. For one, most of the land in CRP belongs in CRP and two, the cost benefit for bringing the land into production for one year is not feasible. […]
First of all, may I commend you on your accurately addressing the issue at hand: carbon credit OFFSET. Why DO they want to pay for carbon sequestration by, in this case, farmers? Primarily it is because those companies employ some not-so-green practices and could pay for someone else to sequester carbon in lieu of improving […]
Carbon offset credits are so named because companies voluntarily pay another business to buy them. Corporations are tying bonuses to employees’ development of environmentally friendly practices, including reducing carbon emission. Carbon offsets, like most agricultural supply chains, have a “middleman,” which means that there can be a major price difference between what buyers are being […]
However, corn needs to maintain acres, so it has to keep pace with soybeans. Wheat, Rook and Martinson said, has been moving up and down with the ever-changing news no the situation between Ukraine and Russia. In more domestic news concerning wheat, forecasts are expecting moisture in the southern Plains, but the Kansas City market […]
And Martinson said that number could get trimmed even more if forecasts of more hot, dry conditions come true. Things aren’t looking quite as dire for corn as for soybeans in South America, at least for now. Wheat got pulled along by soybeans, too, but also got a little push from geopolitical events. southern Plains […]
China, currently celebrating its new year, was even in, an unusual move for the country that is “bullish in itself,” Martinson said. Rook asked whether China will cancel more orders from the U.S., and Rook said he believes China will be evaluating their needs. Wheat was steady, Rook said, with Chicago wheat holding near its […]
Chris Hill, who’s in charge of permitting for Summit, said in an interview that the company could have applications submitted in North Dakota and South Dakota by the end of February.Other states to be connected along the more than 2,000 mile route of the pipeline are Minnesota and Nebraska, where there is currently not a […]
The project aims to cut down on carbon emissions throughout the entire supply chain and not just in the soil where the growing takes place. Unlike many carbon programs, Project Carbonview will compensate farmers who have already implemented sustainability practices into their operations, such as cover crops or no-till. It’s also the ethanol producer, the […]
