News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
Crude oil production factors are weighing on heating oil futures which will pressure farm diesel near-term if the momentum remains downward. Propane is 11 cents below year-ago and may still have another few cents to give before posting the summertime low.
The story of the Belorussian Potash Company continues to unfold and as major global potash importers come to the table, the Former Soviet Union K producers appear to be more than happy to undercut global prices again this year.
Distillate supplies are benefiting from increased refinery capacity and utilization, but, as with crude oil, declines in U.S. distillate supplies are keeping a hard floor under heating oil futures, and farm diesel. The first of July is upon us and we expect to book propane during that month.
This bale wrapper sold on a PurpleWave.com auction June 29
Our weighted Crop Condition Index shows the corn crop declined by 1.72 points and soybeans dropped 2.35 points from last week.
The Quarterly Hogs & Pigs Report, which showed all categories above expectations, puts more focus on demand.
LimelightPlayerUtil.initEmbed(‘limelight_player_796706'); Corn is 1 to 3 cents higher and soybeans are around 30 cents higher. But wheat futures have softened. Cattle are higher and hogs are weaker.
While the number of cattle placed on feed was up sharply from year-ago, May 2015 placements were light, so it makes this year’s number appear artificially big.
Todd “Bubba” Horwitz says one thing every farmer, producer, speculator and trader should be prepared for is that history always repeats.
According to pre-report expectations Doane looks for All Hogs & Pigs at 101%, Kept for Breeding at 100% and Kept for Marketing at 101% of year-ago levels.
Rural bank CEO’s have tightened farm loan terms due...
The Kansas wheat harvest was 25% complete as of Sunday, reports NASS.
Distillate supplies rebounded this week according to EIA which longer-term should be price negative on farm diesel. Also working in favor of lower diesel prices is WTI crude oil’s rejection of the $50 level.
Todd “Bubba” Horwitz reminds that bull markets always end... usually with a thud..
Consumers’ willingness-to-pay (WTP) for all meat food groups declined in June compared to May.
Our weighted Crop Condition Index shows the condition of the SRW and HRW crops improved marginally from last week.
Farmers worked to get as much done as they could over the weekend given chances of early week storms.
Building and sustaining a thriving farm operation requires more than just managing dollars and cents, according to a farmdoc Daily article by Michael Langemeier of Purdue University.
Todd “Bubba” Horwitz reminds that you need to keep your emotions in check and your opinion out of your decision making, it’s always about the money.
Leaders from OPEC met this week in Vienna to discuss output and other issues. Despite still-strong global crude oil inventories, the leaders of OPEC decided to maintain current production levels.