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
Union Pacific is pursuing an acquisition of Northfolk Southern but will have to meet an elevated standard before being approved. The merger could be in opposition to President Trump’s executive order on monopolies.
Oliver Sloup & Marlin Bohling bring you a midweek market update: Agricultural commodity markets have settled into a range to start a new month of trade, as traders await new news. Precious metals have been on a tear to start the month, with gold marking new contract highs and silver trading to the highest price in 14 years.
Jim McCormick with AgMarket.Net says corn saw some profit taking after hitting chart resistance as the December contract neared $4.25, which coincided with the 38% retracement level.
Kernel depth and fill contribute significantly to yield in newer hybrids. It’s one reason a ‘Hail Mary’ fungicide pass might still offer ROI and keep corn standing until combines roll.
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Global bonds yields are on the rise (lower prices).
Rich Nelson, Chief Strategist with Allendale, Inc. says corn was lower Wednesday, seeing some profit taking after getting overbought but the rest of the grain and livestock complex were also lower.
Even with talk of shrinking soybean yields due to the dry weather pattern that shut out rain for much of the Midwest and Mid-South in August, one fact remains: China still isn’t buying U.S. soybeans.
The amount of damage that can occur in crops depends largely upon these factors — how cold it gets and for how many hours, and the plants’ stage of development.
Find out about two used machines that caught Pete’s eye on the auction circuit recently and learn why right now is historically the best time to be a buyer.