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MGEX Sets New Records

Cindy Zimmerman

2014 was a record year for the Minneapolis Grain Exchange (MGEX) in total volume of trading at 2,177,740. It marks the first time in history that the Exchange’s volume has surpassed 2 million in a calendar year. Electronic volume during 2014 was 1,856,423, which is also an all-time high for the Exchange. Total volume from 2014 was 47 percent higher …

Markets

GROWMARK Report Studies Stocks-to-Use

Cindy Zimmerman

A new report from GROWMARK Research challenges the commonly accepted notion that ending stocks are a primary determinant of agricultural commodity prices. In the report, GROWMARK economic and market research manager Kel Kelly shows that stocks are inversely correlated with prices, but that the correlation occurs within a limited price range, meaning that stocks do not dictate the extent of …

Audio, Grains, GROWMARK, Markets

Dupont Pioneer Collaborates with DTN

Chuck Zimmerman

If you’ve thought we need more weather monitoring stations out there you’re not alone. Dupont Pioneer and DTN/The Progressive Farmer announced a collaboration today that will address this very subject. The project will not only bring instant weather to customers but also market information and new electronic grain trading capabilities. I just spoke with Dan Uppena, DuPont Pioneer business manager, …

Agribusiness, Markets, Media, Weather, ZimmCast

Passing of Gary Wilhelmi

Cindy Zimmerman

Sad to hear that long-time market analyst Gary Wilhelmi has passed away. We remember spending so much time with him on the phone during our days at Brownfield when he would do the midday market analysis. Will always fondly recall his droll sense of humor and great sense of what the markets were doing. Rest in Peace, friend. Here’s the …

Markets, NAFB

Rabo AgriFinance Report From NAFB

Jamie Johansen

Rabo AgriFinance was present for the recent Trade Talk during the 2013 NAFB Convention. The company is the leading U.S. ag lender and specializes in protein to produce and inputs to oilseeds. Their expert team monitors and evaluates the global market that influences agriculture around the world. I spoke with two of the team’s analysts at the event and they …

Agribusiness, Audio, Beef, Corn, Grains, Markets, Media, NAFB, Soybean

Argentina’s Export Tariffs

Cindy Zimmerman

During the IFAJ Congress, I was very surprised to learn that Argentina has export tariffs on a number of agricultural commodities, including corn and soybeans. I understand import tariffs, but export tariffs would seem to do nothing but hurt a country’s agricultural industry. “Argentina has export taxes on almost every product that we export, but in the case of grain …

Audio, Farming, IFAJ, International, Markets, Trade

Farm Bureau: Fourth of July Still a Bargain

John Davis

While prices at the grocery store might have gone up a bit, our friends at the American Farm Bureau Federation say a Fourth of July picnic is still a bargain. The group’s latest marketbasket survey shows a party for 10 people with all the Independence Day favorites, such as hot dogs, cheeseburgers, pork spare ribs, potato salad, baked beans, lemonade …

AFBF, Food, Markets

AgFanatics Talk Planting Progress

Cindy Zimmerman

Planting progress is on the minds of the AgFanatics. In episode #31, the AgFanatics talk with MaxYield Cooperative’s, Karl Setzer, to get his take on the markets and what he’s been witnessing in the northwest part of Iowa. Karl also shares his thoughts on corn planting progress in his area. Episode #32 features guest host Graham Utter discussing how his …

Farming, GROWMARK, Markets

The Latest from AgFanatics

Cindy Zimmerman

Check out the latest AgFanatics podcasts, for your listening pleasure In episode #27, the AgFanatics talk with Dr. Gary Schnitkey with the University of Illinois to get his analysis on the American Farm Bureau Federation’s farm bill proposal. Episode #28 discusses the reason behind the recent market failure. Also, is there some debate as to how much grain is actually …

Agribusiness, Farming, GROWMARK, Markets, Weather