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Wheat made new highs for the move on Tuesday. John Heinberg, Total Farm Marketing, says Wednesday’s close will be important to see if there is follow through buying to keep the rally going. Corn and beans consolidated.
The House Ag Committee on Thursday will mark up the House farm bill. House Ag Chair GT Thompson told AgriTalk the panel will have the votes to clear the panel, but he has yet to receive any firm Democratic support.
Ship diversions from the Red Sea due to attacks by Iran-backed Houthi rebels have caused container freight rates to increase by about 30% in recent weeks.
The Commission has agreed to advance a petition by Corteva Agribusiness to place anti-dumping and countervailing duties on imports of 2,4-D. NCGA says a decision to impose tariffs would negatively impact farmers.
Winter wheat continues to rally on global production concerns and fund buying. Corn and beans are seeing corrective and farmers selling on planting progress. Cattle strong. DuWayne Bosse, Bolt Marketing, has details.
Phillip Hord and Jessica Stevens are two examples of what happens when pig farmers think outside of the box to grow demand and build confidence in U.S. pork among consumers.
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