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
The grain rally continued on Wednesday as technical momentum remains firm following a shift in fundamental headlines over the last two weeks. Long liquidation in cattle continued with the Administration’s stance spooking Funds. Oliver Sloup brings you the latest insights on Markets on the Move.
January soybeans rallied $.13 on Wednesday as China dropped it 24% retaliatory tariffs imposed on U.S. ag goods March 4 for one year.
As crops go into bins, growers will be looking to maintain quality until their marketing opportunities improve. Some ongoing management practices are vital to the process.
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Mark Knight with Farmer’s Keeper Financial says the market is digesting clarification from China on tariffs. Beijing says it will lower the 24% retaliatory tariffs but the cut still leaves a 13% tariff on U.S. soybeans imported into China.
Meteorologist Brian Bledsoe says a strong ridge is keeping much of the U.S. warm and dry through mid-November, extending drought across key farm regions, but a pattern shift may bring some relief, and possibly even snow.
The tariff cut still leaves Chinese buyers of U.S. soybeans facing tariffs of 13%, a cost traders said makes U.S. shipments too expensive for commercial buyers, compared to Brazilian alternatives.
Farmers are likely to apply more NH3 this fall, given its availability and price point relative to other nitrogen sources. Chase Dewitz shares a recent experience that occurred on his farm as a reminder that the product deserves to be handled with careful attention and respect.
Randy Martinson with Martinson Ag says most of the grain and oilseed complex saw general profit taking Tuesday after hitting overbought territory.
Bitcoin will fundamentally change farming forever, contends a growing chorus within agriculture.