Below you'll find a list of all posts that have been categorized as “Economy”
Because of the government shutdown, the peanut industry has not been able to secure their farm loan or to place peanuts in the loan to receive the minimum price of $3.55 per ton. Well, good news. Starting Thursday this week, USDA will resume Farm Service Agency core operations, including critical services for the farm loan processing, the ARC program, average …
More details have been announced on the eight-billion-dollar harvest relief, harvest fuel relief program that has been announced by USDA as farmers get ready to receive some help. Eligible producers are encouraged to create a login.gov account in advance of the application period announcement. Pre-applications will be available online to producers with a login.gov account linked to USDA. The commodity …
A week ago, the CME FedWatch tool showed a 60-65% chance there would be a quarter-point rate hike by the Federal Reserve Board at the conclusion of their two-day meeting next Wednesday afternoon. But recent public comments by Chairman Warsh have calmed those expectations. In a recent speech, Warsh called inflation, “a common challenge”, a common challenge for all economies. …
Changes to the ARC and PLC programs aim to boost support for producers. Farm Service Agency Deputy Administrator Jared Hagert describes the ways in which the Working Families Tax Cuts Act updates are resulting in record producer payments. “The Working Family Tax Cut Act also increased payment limits from $125,000 to $155,000 starting with the 2025 crop year, and there …
There appears to be no pause in the administration’s suggested energy ceasefire, Ukraine and Russia continuing to exchange attacks. That, along with attacks in Saudi Arabia keeping a lot of support under the crude oil market and slowly pushing that VIX or fear index closer to 18-19, the highest it’s been in over a month. The soybean harvest wrapping up …
Farmers and ranchers in the area continue responding to last week’s hurricane and tropical storm, making sure the cattle have plenty of feed and clean water. A lot of water, of course, around, but making sure it’s not contaminated, analysts say is as important as having feed, but clean water is also important. We watched the cattle trade, December live …
Markets are back open today after the Columbus Day holiday, we’re keeping an eye on Wall Street and CME Group in Chicago. It looks like combines rolled well into the night across a wide area of the Midwest, but not in this area. Heavy rains flooding, halting the harvest and even some college football games. But you would not be …
Grain trade will have a couple of hours to trade numbers from today’s monthly crop report, and then we’ll have to wait until Tuesday when markets reopen. Columbus Day holiday on Monday, markets will be closed, as well as banks, post offices, and government offices. Most analysts expect USDA to lower corn production from the September report. Average estimates have …
Wall Street certainly started the fourth quarter on a hot streak. Nasdaq and S&P 500 have set all-time highs this week. The Dow, though, still lagging some 3,000 points away from its 52-week high. The dollar takes a breather after reaching 12-month highs. Crude oil, you might say, also taking a breather of a different kind off their recent highs …
Checking on the peanut market right now on trends they say. The international market has picked up a lot with more activity than the U.S. domestic market. That comes from brokers dealing in peanuts. The international market is faced with dwindling supplies from all origins with the same problem the U.S. is having now with only coming possibly from the …
