News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
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.
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
Todd “Bubba” Horwitz explains the mechanics of creating your own basis when you hedge.
LimelightPlayerUtil.initEmbed(‘limelight_player_120600'); Pro Farmer’s Chip Flory and Brian Grete discuss the soymeal market for this week’s Profit Briefing segment on AgDay TV.
The behavior of wholesale bacon prices during the first half of the year can greatly influence market action during summer.
Chinese distillate exports are likely to rise as U.S. stocks decline seasonally. Firmer crude oil will limit the downside for farm diesel, as will agricultural demand for the time being.
LimelightPlayerUtil.initEmbed(‘limelight_player_517650'); Soybeans are 18 to 20 cents lower, with corn marginally to 1 cent firmer. Wheat is marginally to 3 cents lower. Cattle are sharply to limit lower and hogs are slightly lower.
LimelightPlayerUtil.initEmbed(‘limelight_player_501798'); AgDay anchor Clinton Griffiths and Davis Michaelsen discuss the current state of fertilizer prices and what will drive price action through the summer months.
Anhydrous firmed only slightly this week as preplant applications decline sharply. We look ahead to UAN prices for post emerge applications and what anhydrous price action might tell us.
However, the relationship of hog weights and prices is not nearly as strong for the hog market as is the case in the cattle market.
Our MarketWatch table features monthly and quarterly price outlooks, along with weekly prices for a wide range of ag markets.
LimelightPlayerUtil.initEmbed(‘limelight_player_286477'); Pro Farmer’s Chip Flory and Brian Grete discuss USDA’s bullish soybean surprise on this week’s Profit Briefing segment on AgDay TV.
Text highlights from USDA’s May 2016 Crop Production Report.
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Improvement in beef demand should be around the corner as warmer weather arrives.
The deck is stacking against the downside for crude oil, heating oil and farm diesel. We have suspected the February farm diesel price low would be the lowest price we see in 2016 and global production fundamentals support that position.
Half a century ago, my country was at war with America. Today, however, the Vietnamese see the United States not as an enemy but as a friend—and more important, as a leader on the global stage.
As of March 31, total stocks of Canadian wheat, canola and soybeans were lower compared with the same date in 2015, says Statistics Canada.
Michigan led gains in UAN solutions with a $5.92 uptick in the per ton price of 28% as most states were less than a dollar lower. Currently, UAN solutions pose the greatest threat to the upside as corn will soon emerge in earnest and sidedress activity will prolong spring demand.
On the first day, overall the wheat looked as good or better than expected. Almost all wheat was between late boot stage and early flowering stage.