News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
Todd “Bubba” Horwitz says everyone who owns a business eventually has to become involved in finance, marketing and production. These activities are a must to effectively manage your business.
Meanwhile, South American Crop Consultant Dr. Michael Cordonnier says there is disagreement about safrinha corn acreage in Brazil
We are 100% filled on spring/summer nitrogen. Get current as we expect N prices to firm.
Farm fuels drafted higher on higher crude oil and heating oil futures. Propane has just about seen its day for this winter, but diesel demand is just starting to perk up. This week’s report includes audio commentary from Scott Davis on global crude oil supplies.
Watch all three segments that Pro Farmer Editor Brian Grete took part in over the weekend on U.S. Farm Report with Tyne Morgan.
Text highlights from USDA’s March World Agricultural Supply and Demand Estimates Report.
These low mile 1995 and 2002 model International 2574 grain trucks sold this past Friday.
This week’s price action may give us the “V” bottom we have been looking for in NH3. fuels ticked slightly higher as our Nutrient Composite Index firmed slightly for the first time in a long time.
P&K prices may continue to fall with potash holding the greatest chance of price softness. Phosphate prices may be supported by spring demand, especially in areas where supplies run thin.
South American Crop Consultant Dr. Michael Cordonnier raised his soybean crop pegs as harvest advances in Brazil.
This restored tractor sold on Feb. 20, 2016
U.S. phosphate producers announced more production cuts earlier this month and asserted that current phosphate prices are “attractive to farmers”. But when compared to the price of corn, phosphate prices may have farmers doing a little curtailing of their own.
Potash producers have been scrambling to muster returns to shareholders and stop the bleeding in global potash markets. Meanwhile phosphate posts the smallest year-over decline of all our surveyed fertilizers.
LimelightPlayerUtil.initEmbed(‘limelight_player_561365'); Corn is narrowly mixed, soybeans are marginally to 1 cent lower and wheat is favoring a weaker tone. Livestock futures are mostly higher.
The relationship between potash and corn futures grabbed our attention this week. We take a closer look at the ups and downs in the corn market and how potash has responded in the past.
This tractor only had 666 original hours when it sold.
LimelightPlayerUtil.initEmbed(‘limelight_player_449346'); Pro Farmer’s Chip Flory and Inputs Monitor’s Davis Michaelsen discuss input prices for this week’s Profit Briefing segment on AgDay TV.
This week we take a quick look at the possible influences of the U.S. dollar and WTI crude oil on the nitrogen segment. All four of the nitrogen products in our weekly survey are priced below expected new-crop revenue and should be considered at value levels.
Tuesday’s open in WTI crude oil futures has a story to tell. Crude market bulls were gunning for continued rejection of a two-handle on crude oil, but Tuesday’s market action pressured the front-month crude oil contract below $28.00 per barrel for a short time.
Read about ideas farmers have designed to make their jobs easier
The move higher in crude oil futures last week was based on short covering and on rumors of an OPEC production cut. With the addition of Iranian supplies, OPEC’s output is now at 32.60 million barrels per day, roughly 1 million barrels per day above expected demand.