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With markets in a pivotal paradigm, farmers and traders alike are waiting in anticipation for USDA’s Quarterly Grain Stocks report to see if it can provide any bullish news.
In their Friday report, USDA noted that as of September 1 corn stocks were up 130 million bushels more than the average trade guess.
Trade uncertainty, large yields and excessive stocks create extra risk as farmers market their 2018 and 2019 crops.
AgWeb.com will have full coverage of USDA’s March 29 reports, following the 11 a.m. Central Time releases.
As the week begins, Brian Splitt, a broker with Allendale Inc., and Tommy Grisafi, branch broker of Advance Trading, are talking to AgDay host Clinton Griffiths to discuss what they’re watching in commodity markets.
U.S. Solar Has a $1.5 Billion, Long-Shot Plan to End a Trade War
Keystone XL Pipeline Gets Enough Shipper Pledges to Proceed
A survey commissioned by U.S. Wheat Associates shows that wheat promotions are paying off. From 2000 to 2007, U.S. wheat growers invested an average of $10 million per year to promote wheat products overseas. For every dollar invested, growers received $23 back in increased net revenue, the analysis says.
Little by little, farmers are getting the information they need to piece together their crop insurance coverage for the coming year.
Wheat planting is starting to wrap up for many farmers. On Farm Journal College TV, agronomist Phil Needham discusses one of the most common viruses in winter wheat production, barley yellow dwarf virus.
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