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Jan 30, 2021

Jerry Gulke: Buy the Rumor or Sell the Fact?

After a rough week last week, grain prices have rebounded. March corn prices were up 46.75¢ and March soybean prices were up 56¢ for the week ending Jan. 29. March wheat prices were up 28¢.

Markets Now with Tyne Morgan: Concerns the U.S. Could Run out of Soybeans

After surging soybean prices to start the week, soybeans prices broke on Thursday, falling double digits. As the market turned, the momentum seemed to shift. However, Arlan Suderman of StoneX says volatility is a product of today’s market environment.

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Stabenow Stresses Fair Payments, Climate Change Mitigation and USDA Confirmations

Priority No. 1 for Stabenow is to get Tom Vilsack confirmed to return as USDA Secretary. She says she expects fairly smooth sailing in Tuesday’s confirmation hearing and in a subsequent floor vote for confirmation.

Stabenow Stresses Fair Payments, Climate Change Mitigation and USDA Confirmations

Grain Markets Trade Violently, Dairy Remains Constant

In the CME Cash Dairy Product Trade, blocks dropped 1.75¢ to $1.58 per pound. Barrels fell 1¢ to $1.39 per pound on 15 trades. Butter melted 1.25¢ to $1.27 per pound. Grade A Nonfat Milk gained ¾ of a penny to $1.17 per pound.

Grain Markets Trade Violently, Dairy Remains Constant

What Farmers Need to Know About USDA Suspending Farm Loan Debt Collections

COVID-19’s ripple effect has again hit the farming community. This time, USDA responded by announcing a temporary suspension of past-due debt collections and foreclosures for borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by FSA.