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AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
While USDA’s new livestock and poultry market final rule aims to address discrimination and promote competition, critics argue it could lead to excessive regulation and higher consumer prices.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.
In today’s 2 minute drill, we zoom in on the monthly chart of May corn futures. We saw a nice pop off of the contract lows in late February, but have been stuck in a 10 1/2 cent range since then.
Steve May is a big believer in data and what it can do to help improve efficiency and productivity in a farm operation. May uses AFS Connect to make more informed decisions.
Douglass Steiger celebrates his 90th birthday as two new green Steigers roll off the line.