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
World oil demand will reach a record 102.2 million barrels per day (bpd) in 2023, up 2.2 million bpd from last year, the International Energy Agency forecast, driven by strong consumption in China and other regions.
Grains closed lower after USDA’s August crop production and WASDE reports. Alan Brugler, Brugler Marketing, has all the details.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, explains why corn and soybeans closed lower on Friday after USDA cut yield for both crops.
USDA’s dance continues after the agency makes cuts to yields, production and ending stocks in the August reports.
“There’s no question of the law, science or anything. They’re simply not doing their job,” says Monte Shaw, Iowa Renewable Fuels Association executive director.
USDA’s first farmer survey-based yield estimate offered few surprises, but analysts warn the estimates might already be out of date due to rain that fell after Aug. 1. USDA also made more cuts to demand.
Grains slide lower after the USDA lowered yield, production and ending stocks on corn and beans. Wheat was slightly negative with an increase in carryover. Jim McCormick of AgMarket.Net has analysis.
Market outlook and key price drivers over the next 5, 30 and 90 day segments.
Grains drift pre-report, what do the fundamentals signal on supply and demand? Crude oil makes 4 months highs will it keep rallying? What does the Fed do w/the CPI & PPI data? Darin Newsom, Barchart, has the answers!
Some of your favorite hybrids might fizzle this year, but don’t cast them out of the lineup just yet. A Farm Journal Test Plot study reveals the impact of weather and adjusting practices to maximize yield of each hybrid.