Below you'll find a list of all posts that have been categorized as “Economy”
Corn futures at six-week highs, at mid-week soybeans seven-week highs, and the hot, dry weather is extended. Some private forecasters are already pulling back the top end of yield potential for corn and soybeans, we are told. Bottom Line analysts say that even a one-bushel-per-acre decline in the national soybean yield drops new crop ending stocks by over 70 million …
American peanut farmers are involved with the American Peanut Council. Their core responsibility is to administer an export promotion program for U.S. peanuts, increasing the consumption of U.S. grown peanuts and peanut products internationally. APC does not process or sell peanuts. Instead, resources are devoted to market development and dissemination of trade information on behalf of the U.S. industry. Right …
The bacon, lettuce, and tomato season is going to help an already surging pork trade. Meanwhile, cattle trade battling three-month lows. We’re starting to see more fresh produce stands along the roadsides as we move deeper into July. Lean hog futures at four-week highs now in mid-July, even with ample supplies and heavier weights. BLT season certainly going to help, …
America’s Agricultural Foundation Grew Strong After Independence Following the end of the Revolutionary War, the United States faced the enormous challenge of building a stable economy as a newly independent nation. While manufacturing and industry would come much later, agriculture became the backbone of America’s early prosperity. In this edition of American Agriculture History Minute, Mark Oppold explains how innovative …
StoneX Commodities released an 80-page report recently providing insights in how they see markets performing in the third quarter. StoneX third quarter outlook shows corn and soybean prices remaining under pressure, especially later in the quarter with ample supplies heading into harvest. Wheat, they say, can be firm to a bit higher amid tight supplies here and also in Europe. …
The United States Cattlemen’s Association (USCA) testified before the Office of the U.S. Trade Representative, urging for strong comprehensive trade action under Section 301. Jenna Stanton, USCA Director of Policy and Public Affairs, expressed support of additional tariffs on Brazilian bovine products. Stanton said, “Brazil’s cattle sector enjoys an unfair advantage that no U.S. rancher can, or would ever want …
Tomorrow’s monthly crop report could be pushed aside by changing weather forecasts. The July report historically can be a non-factor, always squeezed between the quarterly stocks and final acreage numbers that come at the end of June, and the August report that for the first time is based on actual field surveys and not computer models. That report, by the …
The American Farmland Trust’s Beef Grazing Network is launching a redesigned Beef Producer Economic Resilience Initiative, in part with the USDA’s Advancing Markets for Producers Program. The $42 million project will support 700 beef producers from the Mid-Atlantic, Southeast, and Texas. These funds are aimed at making producers’ operations more profitable and resilient, through sustainable grazing systems. Dr. Richard Watson, …
Weather forecasts front and center in the grain trade here at midweek, but U.S. and European weather models disagree going forward. Bottomline grain analysts suggest that commodity fund traders have been looking for any reason to go long in this market, and weather was the reason this week. Now, there’s a catch. European weather models show a hot, dry August …
World events certainly affect grain, and livestock markets all year long, but as we move deeper into July, weather takes more of a spotlight for both. Markets back open today after the holiday. We hope it was a great weekend for family and friends. We mentioned in a report last week that December corn historically reaches a top 10 to …
