Excessive rains across the Plains could be jeopardizing the health of the U.S. hard red winter wheat crop, analysts at weather research firm Planalytics say.
Alan Brugler of Brugler Marketing and Management says there were some supportive indicators in yesterday’s revised USDA report, but he is watching today’s interest rate announcement from the Fed more closely.
Corn and soybean basis levels were higher this week as sharply lower barge rates and a slow-paced corn harvest helped fuel the gains. For the week, corn basis was up 4-cents a bushel while soybean basis levels climbed 10 cents on average around the country.
The transportation bill for barge operators on the Mississippi and Ohio rivers is skyrocketing. Currently, barge rates are at their highest mark since 1990. Seasonable demand, late harvests, damaged crops, and a shrinking barge fleet are all to blame.
Watch and hear about new name and numbering system John Deere is incorporating. Farm Journal Machinery Editor Margy Fischer was in Sarasota, Fla. last week for the Deere roll-out of some of its new technology.
With a crowd of dignitaries, farmers, media and university representatives on hand, Tennessee broke ground on its long-awaited pilot cellulosic ethanol plant Oct. 14.
Top Producer editor Jeanne Bernick, Jeanne Bernick, author of "Inside the Carbon Market" discusses the questions farmers submitted and the planning behind the article.
Bean surprise coming Friday? Jerry Gulke believes if there is a surprise in Friday''s Crop Report, it will be in soybeans. If you have sales in place, you may want to consider November call options just in case, he says.
Mix the collapse in the financial markets, newly restricted credit and volatile commodity prices and you get the potential for higher margin calls for grain elevators – so high that some may not be able to pay them.