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According to Columbia University, 90% of the world’s mined phosphate is used as fertilizer in ag. Morocco supplies 34% of the world’s traded phosphate rock, but this dynamic could change with Norge Mining’s discovery.
Chicken’s popularity has increased greatly due to its use in home cooking, processed foods and restaurants. The beef industry has struggled to rebrand and innovate.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says corn, beans and products see profit taking Monday ahead of the WASDE, watching extended weather. But will USDA actually cut yield on Wednesday?
Trade started the week off strong with steady gains across the board as forecasts turn hot and dry next week.
Corn, soybeans and products end higher on profit taking, report positioning, drier extended weather. Wheat mixed on spreads. Cattle bounce, while cotton falls. Shawn Hackett, Hackett Financial Advisors.
Grains mostly higher led by soybeans on drier extended weather, corrective buying and pre-report positioning. Will USDA lower yield this soon? Cattle and hogs trade mixed. Randy Martinson, Martinson Ag has more.