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Jon Scheve explains how farmers LOSE money with “free” storage or DP (delayed pricing) offerings and urges farmers to stop using them.
Cattle futures recover after Monday’s chart damage, hogs consolidating for the 5th day. Soybeans build on Monday’s reversal, while corn is consolidating above support. Brad Kooima, Kooima Kooima Varilek, has more.
According to two sources, in recent days the U.S. Attorney’s Office for the Southern District of New York has interviewed former ADM employees, ramping up pressure on the global commodities giant.
Brian Grete, editor of Pro Farmer says, “Soybeans saw mostly corrective buying as funds have built a short position and may be covering some of those contracts heading into the WASDE report on Thursday.”
Grains mixed as soybeans see corrective buying, wheat falls on dollar strength, corn caught in the middle. Funds take profits in cattle after hitting chart resistance, hogs consolidate. Brian Grete, ProFarmer, has more.
ICIS senior fertilizer editor Mark Milam shares that while the fertilizer market appears to be in good shape at the moment, there are a couple of important trends moving forward this spring.