Crude oil influences commodities; world watching wheat stocks; container shipments higher; consumers want steak again
We took advisers’ sales levels for 2010 and 2011 corn and soybeans and averaged them into a simple Adviser Index.
Increased demand for corn could spur acreage battle.
Immigration officials are cracking down on farm workers
Although basis levels are not especially strong, the carry in the futures market from March to July is much smaller than in the previous three years.
Food prices will rise not only from higher prices paid at the farm level for food grains and livestock, but also recent increases in energy costs.
USDA Secretary Tom Vilsack says calls for eliminating ethanol subsidies should be ignored as we need energy independence and jobs.