Search - AgWeb

Mortgage interest rates just hit a twenty-year high, topping 7%. High borrowing costs will slowly dampen farmer demand for acres as record land prices mean all but a few will have to borrow some to buy.

There are just over two weeks for Congress to pass 12 spending bills to avoid a total government shutdown. If time runs out, one analyst says that could mean no USDA report in October and no yield cuts, which are likely.

asdf

Environmental and fossil fuel organizations have launched a series of lawsuits against EPA’s latest standards for renewable fuel.

Grain markets remain mostly rangebound while cattle futures climbed to new highs. Lean hogs finished the day under moderate pressure.

Water levels on the Mississippi River haven’t hit the historic lows of October 2022 yet, but readings in some areas are already lower than at the same time last year. This is a real concern heading into harvest.

Soybeans see fund buying, corn falls with wheat on profit taking and the higher $. New highs in cattle as funds buy w/firmer cash ideas. Hogs fall with cutouts and strike talk. Mark Schultz, Northstar Commodity has more.

While ag loan balances are up, they remain in good shape with delinquency levels low.

Row crops see the technical bounce continue awaiting yield data, wheat sees profit taking on a strong dollar. Funds back buying in cattle, while hogs consolidate. Chuck Shelby, Risk Management Commodities, has more.

Doug Hensley from Hertz Real Estate answers the question, “How much do crop prices impact the decision-making process of farmland buyers” and shares how this year is shaping up to be a bit busier than anticipated.