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
New Crop Futures Prices Dry weather concerns in the Dakotas and possible ridging in the western corn belt has pushed some risk premium into the markets. December corn closed at $5.91, up 91 cents in 6 trading days.
This week’s biggest story was the inverse spread between the May and July contracts. Generally, inverses indicate the market is short on supply.
Over the last 5 trading sessions corn dropped 90 cents, while beans were nearly unchanged.
Which USDA Reports Should Farmers Give Their Attention To?
China’s purchasing of corn and beans is the biggest factor impacting the market right now.
While temperatures were nearing normal last week on our farm in southeast Nebraska, a cold front has pushed in and put a stop to any planting progress.
Corn demand from China has increased dramatically over the last few months causing corn to rally $2/bu from August lows. What is causing this?
Both July and December corn futures closed higher this week compared to the end of last week and are still at or above levels from 3 weeks ago.
USDA February Report observations and highlights that will impact farmers short and long-term.