Retail Business
How high will prices go? How long will the high prices last? What is behind this rally? Here are some of the factors at play.
In the rush to get corn and soybeans in the ground, keep in mind some principles that can help your crops get a strong start this season.
As retailers are now facing tight supplies of popular herbicides like glyphosate and glufosinate, product prices are climbing and supplies are being rationed. It’s a issue that could last the entire season.
Commodity prices continued to race higher on Thursday, with corn trading the limit higher. Soybeans and wheat also saw prices surge higher with double-digit moves.
For the Horas, not much field work has danced across their Iowa soils so far. They planted a few acres this past weekend, but fieldwork has been minimal due to the cold and wet conditions this year.
Commodity prices jumped even higher to start the week, with May corn futures topping $6 again Tuesday. Farmers are reporting local elevators posting new crop corn bids over $5, as well. What’s driving the momentum?
Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.
Cotton prices have been on a rollercoaster ride this past year. The start to 2021 showed a story of improved prices, which is a dramatic change from just a year ago, as geopolitical issues also come into play.
Just this week, USDA confirmed U.S. sorghum shattered records last week, with a total of 33.9 million bushels of purchases. The total smashed the previous record set in August 2020 by 10 million bushels.
The April farmland price index climbed to 78.6 — the highest level since 2012.