After four years and 49 episodes, the last episode of In the Driver’s Seat podcast was published this month. What began as a five-part conversation series about managing farm risk and making successful grain marketing decisions evolved into a valuable monthly resource for farmers.
Every growing season has its own set of challenges, and 2023 is likely to be no exception. Prices for grain and oilseeds are strong coming into the year, but high input prices are likely to continue to press farm profitability. In addition, industry projections for 2023 farm income are not as rosy as in the…
Commodity prices take their direction from many factors. One price influence that is often misunderstood is the strength of the U.S. dollar. Historically, when the dollar is stronger, commodity prices are weaker. And vice versa. It’s typically an inverse relationship. This is because major commodities around the world are priced in dollars. When the dollar…
You’ve probably heard of renewable diesel, but what you may not know is how it could potentially influence the soybean market in the future. Demand is booming for this alternative fuel, and its effects are being felt across the markets for soybeans and soy products. Renewable diesel is fundamentally different from biodiesel, which has been…
As the US farm economy grapples with unprecedented challenges, producers find themselves at a crossroads, with dwindling options and growing uncertainty. Producers and economists alike are concerned about the outlook for the US farm economy. The recent downturn in commodity prices, coupled with stubbornly high input costs, has left many operators struggling to break even.…
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Basis represents the difference between futures and cash prices. Each ADM facility determines its own basis. It reflects what grain is worth in certain areas by assessing local supply and demand factors, market delivery locations and freight costs associated with moving grain to those facilities. Delivery locations change constantly. They can be export facilities, local…
