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Funds continue to sell in grains w/ no bullish supply or demand story. When does the bleeding stop? Cattle are the bright spot w/fats pricing in steady to higher cash. Hogs mixed. Mark Schultz, Northstar Commodity.
Funds accelerate selling in grains and hogs early with no bullish news but are trying to find support. Cattle stronger w/lower corn and higher cash ideas. Chip Nellinger with Blue Reef Agri-Marketing.
Live cattle 2-sided ahead of COF, corn pushes feeders higher. Hogs consolidate despite stronger cash. More fund selling in corn and wheat, but soybeans are try to recover. Scott Varilek, Kooima Kooima Varilek.
AgDay TV Markets Now: Vince Boddicker of Farmers Trading Company talks about the meltdown in grains as Dec corn closes below $5, Nov. soybeans below $12. Is the low close?
BP has set a target of increasing its biofuel output to 100,000 barrels per day (bpd) by 2030.
The economic environment today is similar to the 1970s and into the mid-80s. Although we are not expecting a 1980s-style farm collapse, there are lessons and opportunities to gain from a milder version of the 1980s.