Tuesday, October 20, 2020

Markets

Market Updates Throughout the Day

Rusty Halvorson provides a market update as of 10/19/2020 at 2 p.m. Central Time. Grains:  Wheat, corn and soybeans all closed in positive territory on Monday. After losing an early rally, Chicago wheat regained its footing...

USDA Issues September WASDE Report

WHEAT: The 2020/21 U.S. wheat supply and demand outlook is unchanged this month but there are offsetting by-class changes for wheat exports. The projected season-average farm price remains at $4.50 per bushel. The 2020/21 global wheat outlook...

Pandemic Pushing Commodity Prices Lower

From dairy farmers with nowhere to send their milk and cattle ranchers reeling from plummeting beef prices, the impact of the coronavirus is rippling through farm country. The American Farm Bureau Federation says corn,...

Rep. Harder Seeks Ag Advisor on White House Coronavirus Task Force

One lawmaker wants an ag expert on the White House Coronavirus Task Force. U.S. Representative Josh Harder, a Democrat from California, recently penned a letter to the Trump administration asking that the task force...

October WASDE Expected Bullish

Usually around this time fields are flooded with combines and trucks hauling grain to the bin. In a typical year, roughly one third of the crop would be in the bin. Of course, bringing...

Sorghum Checkoff Hosts International Buyers

The Sorghum checkoff Monday welcomed a group of international buyers interested in grain sorghum as part of the Export Sorghum event. The one-day expo in Dallas, Texas, included more than 65 international buyers. Sorghum...

Corn Farmers Push President for More Corn Demand

Rural America is feeling the impact of the Trump Administration’s recent granting of 31 small refinery waivers to big oil companies across the country. The waivers are only adding to a list of farmer...

Trade War Escalation Prompts Recession Fears

Trade war worries sent Wall Street retreating Monday as some experts fear the rest of the U.S. could join agriculture in a depressed economy. Experts from Morgan Stanley predict a global recession if the...

Trade Group Claims Americans Have Paid $22 Billion in Tariffs Through Trade War

New data released by Tariffs Hurt the Heartland shows Americans have paid nearly $22 billion in additional tariffs since the trade war with China began. The data, which is broken down by individual tariff...

Chinese Grain Subsidies Are Too High

U.S. Wheat Associates (USW), along with other commodity groups and the USDA, welcomed a ruling from the World Trade Organization dispute panel regarding Chinese grain subsidies. The WTO panel ruled that Chinese government payments...

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