100-Dollar-Ideas
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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