by Travis Martin | Jun 4, 2021 | Uncategorized
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...
by Travis Martin | Jun 1, 2021 | Uncategorized
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...
by Travis Martin | May 25, 2021 | Uncategorized
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...
by Travis Martin | May 7, 2021 | Uncategorized
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...
by Travis Martin | Apr 27, 2021 | Uncategorized
Brazil meatpackers aren’t messing around. High corn prices have big-time meat players, like JBS and BRF, influencing a pivot to wheat planting intentions. Brazil’s ag federation revealed data pointing to a potential 40% increase in hectares of wheat. The reason? Wheat...
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