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
Randy Martinson with Martinson Ag says early pressure in soybeans came from follow through selling and more confusion on China’s purchase commitments. However, soybeans bounced off of strong technical support at the days lows.
As farmers wait for official rates expected the week of Dec. 22, Paul Neiffer shares his calculation for six crops. Richard Fordyce with USDA also lays out the timeline for delivering payments and what farmers need to do to be on the list.
The bridge payment announcement coincides with the busiest time of year with higher volumes of land sales; 40% or greater of annual volumes occur in the fourth quarter for some ag real estate companies.
Jon Scheve with Scheve Grain says the soybean market is reading the USTR comments as there is no real deal and actually has been trading that way for a while now.
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Some ag lenders are helping young producers and beginning farmers develop stronger financial skills so they can make more informed business decisions on the farm and reduce risk.
The oil market faces the prospect of a “super glut” next year.
State officials are preparing to take the land and legacy of a farmer for the crime of water “violations.”
Jim McCormick with AgMarket.Net says the 125 million bu. cut to U.S. corn ending stocks was bullish as well as global corn carryout.
Brian Grete with Commstock Investments says he was a bit surprised by how aggressive USDA was in raising corn exports to 3.2 billion bu. which is a record.