Ag Sentiment Takes A Nosedive

Ag Sentiment Takes A Nosedive

No other way to say it; farmers are frustrated. May’s Ag Economy Barometer plummeted 20 points as pessimistic producers weighed current and future farm economic conditions. Just 27% of surveyed growers expect ‘good times’ for U.S. ag in the next five years – the...
China Is Slackin’

China Is Slackin’

While U.S. farm exports are anticipated to break the glass ceiling this year, China isn’t holding up its end of the bargain. This year the U.S. will see farm exports hit $164 billion, shattering the previous record of $152.3 billion set in 2014. Why the boom? A global...
China’s Corn Obsession

China’s Corn Obsession

China appears to be using the Pac-Man strategy for buying corn. It’s pretty simple… Gobble up everything in sight. By the numbers: In the 2020-2021 marketing year (ends on Aug. 31), China has agreed to purchase 22.8 million tonnes of U.S. corn. 56% of that had...
A Beef/Cattle Market Teetor Totter

A Beef/Cattle Market Teetor Totter

That moment when your body launches to the top of the seesaw at top speed? Beef packers, please remind us what that feels like. Beef prices are going nuts. Choice boxed beef prices teetered over $300/cwt. And the wholesale Choice price is up 33%, second only to the...