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Chicago Board of Trade (CBOT) corn futures topped $8 a bushel and reached their highest price in nearly a decade on Monday on concerns over unfavorable U.S. crop weather and the Ukraine war disrupting grain exports.

First envisioned in the 1990’s after the US government relaxed restrictions on GPS signals, precision ag technology can help farmers reduce inputs such as fuel and fertilizer, saving money and helping the environment.

High winds and eerily dry conditions across Kansas and the Southern Plains have created what’s been a battleground for continuous wildfires this year, as the fires are robbing some ranchers of vital grass.

This article discusses the variables impacting the market right now both from a bullish and bearish point of view.

Cotton planting sits at 7% nationwide, on track with the average, and as drought blankets the home of what’s known as the largest cotton patch in the country, dwindling crop outlooks are feeding cotton prices.

CF Industries is warning customers that fertilizer shipments might be delayed or may not reach farmers after Union Pacific (UP) railroad mandated certain shippers to reduce the volume of private cars on its railroad.

The war in Ukraine will dictate food prices, according to Vilsack: “We don’t really know what the impact is going to be on Ukraine’s crop this year, or what it’s going to look like in terms of exportability.”

USDA’s attaché in Brazil is expecting farmers to plant 42.5 million hectares (ha) in 2022-23. . .

China made another large buy of U.S. corn. Market analysts say food security concerns are driving the country’s increased appetite for commodities, a trend that could continue to bring China back to the U.S.

The grain markets posted another healthy week of higher prices. But are these prices getting too high?