Although they are not nearly the tightest seen during the past 25 years, barley stocks as of March 31 were certainly snug enough to warrant keeping an eye on.
Crude oil futures settled higher on Thursday, reversing an early sell-off driven by expectations of a U.S.-Iran peace deal and a potential...
Recent Sales Results From Fremont County, Iowa; Faribault County, Minnesota; Steele County, North Dakota; and Sauk County, Wisconsin
DTN/Progressive Farmer examines the challenges facing rural America and the solutions some communities are embracing to succeed, in a series...
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Mitch Miller has joined the DTN team as the DTN Contributing Canadian Grains Analyst following a long career in the grain and oilseed sector in south-central Manitoba, Canada. He jokes that he has been a primary producer for almost 40 years by necessity but a market analyst and strategist throughout that by passion.
A bachelor's degree in ag economics from the University of Manitoba initiated a lifelong focus on all things management and marketing. Although the decision was made to downsize the farm significantly in 2019, he proudly claims to still have enough acres to seed and cows to feed to remain grounded.
Too young to quit being productive, he hopes to share some of his experience and insight with readers to help with one of the most challenging tasks on the farm -- marketing the production successfully. A six-year span as a commodity broker and a lifelong career involved in the cash market should provide a unique balance from which to draw.
In an attempt to be transparent, he explains his approach to market analysis. Looking for clues from fundamental analysis, technical analysis and from the market participants themselves through the Commitment of Trader reports, a theory on price direction is developed. The more clues supporting the theory, the more confidence in it. That in turn influences the development of a successful marketing strategy. Through this role, he hopes to be able to share those clues as they are identified on an ongoing basis.
Although they are not nearly the tightest seen during the past 25 years, barley stocks as of March 31 were certainly snug enough to warrant keeping an eye on.
Funds have been building a significant net-long position ahead of a potential corn market rally. Whether it turns out to be like the 2020 version is yet to be seen but does need to be on the...
Although they are not nearly the tightest seen during the past 25 years, barley stocks as of March 31 were certainly snug enough to warrant keeping an eye on.
Funds have been building a significant net-long position ahead of a potential corn market rally. Whether it turns out to be like the 2020 version is yet to be seen but does need to be on the radar.
Given canola is such an expensive, input-intensive crop to grow, a reduction in seeded area would make sense given the elevated risks facing producers. But that may be a mistake.
Canola crush margins have reached record levels, something producers should be aware of while working on marketing strategies.
Regardless of whether the ceasefire holds or not, the break in price that it caused presents an opportunity to manage harvest diesel price risk.
Nothing cures low prices like low prices and it appears producers have had enough of the poor returns from spring wheat. But will that create opportunity?
The soybean/corn price ratio certainly supports a shift in area from corn to soybean planting this spring, but it will need to be monitored for signs of that transition being too great.
Interesting details can be found in the Canadian grain and oilseed export details, including how performance compares to estimates and who the best customers have been.
A serious uptick expected in future CPI and PPI readings thanks to the Middle East conflict suggests the inflation relief seen over the last few years is over and a turn higher will be eerily similar to what occurred in the 1970s.
With a quick resolution to the Middle East conflict and associated risk unlikely, the initial spike higher could be just the beginning of a more significant rally.
A mutually beneficial relationship involving trade in canola oil and renewable diesel or biodiesel should help minimize tariff risks in the upcoming USMCA negotiations.
USDA's Ag Outlook Forum soybean oil supply and demand estimates for biofuel use should underpin vegetable oil markets for the year to come.
Record domestic use despite high prices has resulted in the need for increased supplies (including record imports) and limited exports.