Follow the links below for the latest in-depth reviews, charts and illustrations of key developments in markets important to agriculture, updated every Saturday.
Weekly Wheat Review
Wheat growers hope for better days (12/18)
USDA recently forecast another year of low wheat prices in 2016. That scenario could indeed play out, despite lower acreage in the coming year. But even if the market eventually tanks there could still be selling opportunities over the winter.
Weekly Soybean Review
Soybeans get help from weather (12/18)
Warm, dry weather in parts of Brazil are finally get the market’s attention. That’s helping create marketing opportunities for growers needing to price some of the 2015 inventory.
Weekly Corn Review
Rallies in corn tough but not impossible (12/18)
USDA took a crack at predicting prices for 2016 recently, and their guesses for corn weren’t pretty. While the market does face a lot of obstacles, the fate of futures may be in the hands of farmers. If they plan to plant less corn in 2016, the market could rally.
Weekly Financial Review
Forget the Fed, now the real worrying beings (12/18)
By the time the Federal Reserve raised its benchmark interest rate for the first time since 2006 on Dec. 16, there was little drama surrounding the move. Officials carefully prepared the market for the move, but with the decision out, a floodgate of investor worries rush back to increase volatility.
Weekly Basis Review
Basis stays firm for corn and soybeans (12/17)
Farmers needing to make year-end sales for tax purposes don’t have a lot of great offers right now. But basis for corn and soybeans remains strong, due to very cheap transportation costs.
Weekly Energy Review
Fuel hits decade lows (12/16)
The energy market remains in tatters, with increases in diesel and crude oil pressuring fuel prices to their lowest level in a decade for farmers. Waiting proved the best strategy so far, but buying from farmers could eventually turn diesel prices higher.
Weekly Fertilizer Review
Fertilizer dealers are dealing (12/14)
A big cut in ammonia prices surfaced in the retail fertilizer in December as dealers started posting offers for winter and spring. Costs of other nutrients also worked lower, with supplies increasing and demand retrained.