Page 26 - Demand Estimate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cold weather pushes prices higher at auction markets Jeff Swenson Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the industry as well as USDA NASS and AMS reports. Cattle at Wisconsin and surrounding state auction markets are higher this week.  The cold temperatures in the northern states are causing lighter runs at markets and are at least partially responsible for higher prices. Winter storms in the Plain...

Although winter in Michigan and the Great Lakes region has severely restricted shipping of farm commodities, exports remain a hot topic by the USDA in their January and February WASDE (World Agricultural Supply and Demand Estimate) reports. The latest report on Tuesday, Feb. 9, said that exports of corn and soybeans to China, Mexico and other world destinations remains very high. Why are Michigan (and Monroe County) farmers interested in grain exports? For this article, I will just focus on soybeans, the largest acreage crop of local farmers. First of all, soybeans are grown primarily as a so...

Facebook 2021 marketing and financial management plans for Michigan State University Mild and dry winter weather may be changing by mid-January due to a moderately intense La Niña weather pattern that is occurring in the Pacific Ocean. Post to Facebook 2021 marketing and financial management plans for Michigan State University Mild and dry winter weather may be changing by mid-January due to a moderately intense La Niña weather pattern that is occurring in the Pacific Ocean. Check out this story on FarmersAdvance.com: https://www.farmersadvance.com/story/news/2021/02/10/marketing-and...

US soybean 2020-21 ending stocks forecast down on tight supply, higher usage: WASDE The US Department of Agriculture has cut its US soybean ending stocks forecast for the 2020-21 marketing year, which runs from September 2020 to August 2021, to 140 million bushels, from 175 million bushels in December, due to production cuts and higher exports and crush, the USDA said Jan. 12. The lower ending stocks projections in the USDA’s World Agriculture Supply and Demand Estimate report boosted US soybeans futures prices, which breached $14/bu benchmark immediately after the report’s release at noo...

Brazilian soybean prices and sales are expected to remain elevated in the 2020-21 marketing year (February 2021-January 2022) on the back of a lower ending stock forecast, market sources told S&P Global Platts Jan. 7. The country’s soybean sector is expected to have extremely low ending stocks in 2020-21 of 0.36% of domestic supply, compared ...