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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“If you do not run your day, your day will run you,” says Mary Kelly, CEO of Productive Leaders. “Having control of your time allows you to plan for the success you want.”
Last week we asked: Are ag commodities due for a reset? This week’s market moves show the answer. Now, the question is: Where is the bottom? Jerry Gulke weighs in.
“We are certainly seeing a different tone than what we saw in the first six months of the year,” says Jerry Gulke. “What we seem to be seeing now is demand destruction versus demand reduction.”
After trending lower for several weeks, the grain markets have rebounded—at least for now. So, did the markets find their bottom?
With heat forecast to top 100 degrees in places, combined with the expectation for little to no rain, crop conditions could deteriorate and the biggest risk in the western and central Corn Belt.
Grains sharply higher adding risk premium on the escalating Black Sea war and hot dry weather. Cattle see profit taking on higher corn and a bearish COF. Hogs consolidate. Oliver Sloup, Blue Line Futures has more.
According to a new report by USDA, ag imports from Latin America and the Caribbean have increased over the past 12 years, with a compound annual growth rate of 6.9%.
Grains sharply higher putting in war and weather premium & w/China soybean biz. Cattle set back with higher corn and sorting through USDA data. Hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
As the grain markets stay focused on weather, Jerry Gulke says a crop scare may be needed to send prices back up. He provides his take.