AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Latest News
Climate FieldView announces new capabilities in FieldView Plus for 2024, including more personalized features available through the new FieldView Premium subscription tier, improvements to FieldView’s in-cab experience.
Cattle 2-sided after chart breakout, awaiting cash and the COF. Hogs continue to correct. Grains extending gains after reversals and with better export news. Scott Varilek, Kooima Kooima Varilek, has more.
Despite nearly 24 inches of snow, below-zero temperatures and raging winds that some people are affectionately calling “Death Storm #2,” Illinois livestock producers are finding ways to overcome the horrific conditions.
Dan Basse: “Importantly, managed money is sitting on their largest net short CBOT grain position in four years.”
Naomi Blohm: “The U.S. soybean story remains quite friendly to start 2024 with historically small ending stocks and strong crush demand.”
Peter Meyer says, “Both the corn and soybean markets will need to take their lead from changes in both global and domestic demand given the production shortfall stories have become stale.”
Chip Nellinger says, “Producers should be prepared to be more aggressive than years past in protecting downside price risk.”
“Near term, the soybean market has a loftier perch with a tight balance sheet emerging from supply headwinds,” says Mike North.
“It’s difficult to find anything bullish to say about corn for 2024.” says Jon Scheve.
Angie Setzer says, “With their new trade agreement with Brazil, China is likely to import less corn from the U.S. in 2023.”