This Week in Agribusiness, May 22, 2021 feedstuffs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from feedstuffs.com Daily Mail and Mail on Sunday newspapers.
China’s impact on grain markets
Gregg Doud, former U.S. trade ambassador and one of the primary architects of the U.S.-China Phase 1 trade deal, will be a keynote speaker and is expected to share his experiences on international trade.
“Stepping up to China should have been done a long time ago,” says Doud, now chief economist at Aimpoint Research. “It was a historic time for agriculture to have that conversation with China about agriculture, and it had never happened before.”
Doud will offer an inside look at what it was like to negotiate the deal and work in the Trump administration.
Corn, soybeans and wheat all face cuts in Wednesday’s session
A broad commodity selloff Wednesday left stock markets, energy prices and more significantly lower. Grain prices also spilled into the red after ample technical selling today. Soybeans and wheat were both down around 2% by the close. Corn was a little more complicated, posting mixed results. July futures climbed 0.4%, while September futures dipped 0.25% lower after some uneven technical maneuvering today.
More wet weather is on its way to the Midwest and Plains between Thursday and Sunday – particularly in North Dakota and Minnesota, which could gather another 1” or more during that time, per the latest 72-hour cumulative precipitation map from NOAA. The agency’s 8-to-14-day outlook expects to see more seasonally wet weather for the Corn Belt between May 26 and June 1, with some cooler-than-normal temperatures creeping back into the Northern Plains and upper Midwest.
Suggested Event
Jun 15, 2021 to Jun 17, 2021
At the upcoming Farm Futures Business Summit attendees will learn why open book management can lead to greater farm team engagement and improve the lives of those involved. The summit takes place June 16-17 at the Coralville Marriott Hotel and Conference Center, near Iowa City.
The open-book concept is based a simple yet radical idea: if employees can learn how a business operates and how it makes money, then they begin to think and act like business people themselves.
It’s the key concept behind “The Great Game of Business,” borne out of the ‘80s farm crisis and developed by Jack Stack.