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
Every year, typically in late September or early October, Beijing unveils its import quotas for the following year, covering essential agricultural products such as wheat, rice, corn, cotton and sugar.
Wheat higher on short covering with a weaker dollar. Soybeans see profit taking on NOPA crush and corn follows it lower. Cattle make all-time highs with higher cash. Kevin Duling, KD Investors, has more.
Profit taking hits the soy complex. Short covering in wheat, corn caught in the middle. Cattle consolidate then hit all-time highs, better No. cash, Crude oil strong. Darin Newsom, Barchart has details.
Mortgage interest rates just hit a twenty-year high, topping 7%. High borrowing costs will slowly dampen farmer demand for acres as record land prices mean all but a few will have to borrow some to buy.
There are just over two weeks for Congress to pass 12 spending bills to avoid a total government shutdown. If time runs out, one analyst says that could mean no USDA report in October and no yield cuts, which are likely.
Environmental and fossil fuel organizations have launched a series of lawsuits against EPA’s latest standards for renewable fuel.
Grain markets remain mostly rangebound while cattle futures climbed to new highs. Lean hogs finished the day under moderate pressure.
Water levels on the Mississippi River haven’t hit the historic lows of October 2022 yet, but readings in some areas are already lower than at the same time last year. This is a real concern heading into harvest.
Soybeans see fund buying, corn falls with wheat on profit taking and the higher $. New highs in cattle as funds buy w/firmer cash ideas. Hogs fall with cutouts and strike talk. Mark Schultz, Northstar Commodity has more.