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Volatility was the theme on Friday. Between Russia announcing plans to cut oil production, hot and dry weather in Argentina, as well as Russia’s escalation of the war in Ukraine, commodity prices shot higher.
Geopolitical headlines sparked technical buying in grains and crude oil today, including Russia’s oil production cut. Argentina crop concerns push soybean meal to new highs. Tommy Grisafi of Advance Trading has more.
With no GPS equipment, Kansas dairy farmer Rob Leach freehanded the number 15, the jersey number of Kansas City Chiefs Quarterback Patrick Mahomes. The result? A 100% organic manure mural to celebrate the Super Bowl.
Grains are higher with corrective buying, but wheat puts in war premium. Crude oil, Argentina weather also supportive. Nearby live cattle are up on higher cash. Hogs mixed. DuWayne Bosse of Bolt Marketing.
When the Eagles clinched the NFC Championship, Pennsylvania farmer Jared Kurtz and his wife decided to have some fun on the farm, naming their newborn calves after Philadelphia Eagles players.
A Senate Ag Committee farm bill hearing focused on how the Title I safety net is no longer adequate with the current ag environment.
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