Below you'll find a list of all posts that have been categorized as “Economy”
The U.S. Department of Agriculture released the Winter Wheat Production forecast for June 2026 and the USDA Chief Economist Justin Benevidez provides his observations on the forecast. “The decline in production, I’ve realized this is going to be some of the lowest production since 1965, our lowest production since that period. Last year, percent rated good to excellent was around 52 percent, …
Southern Ag Today has recently published an article about fertilizer and how fertilizer is priced and how it moves to get to the farmers across our country. Overall, fertilizer markets remain highly dependent on a relatively small number of producing regions and key global trade routes because nitrogen, phosphate, and potash each rely on different raw materials and supply chains, geopolitical disruptions can affect fertilizer …
The $1.7 billion SpaceX IPO and Iranian military action have the full attention of traders on Wall Street as we end the week. Bottom Line financial analysts think it’s interesting how many articles have been written the past six months that suggest caution toward participating in today’s SpaceX IPO. Now the numbers are staggering at over $1.7 billion. Bottom Line analysts, though, suggest following …
The USDA Farm Service Agency is highlighting the expanded payment limitations and eligibility provisions affecting their program payments. We caught up with Richard Fordyce, Under Secretary for Farm Production and Conservation, to learn more. “You know, the One Big Beautiful Bill, it’s now been almost a year since that was signed into law, but as you know, because we’ve talked about …
We keep an eye on winter wheat as harvest continues to roll north. Along with weekly condition ratings, USDA puts out a weekly wheat condition index. It encompasses a variety of factors. The 10-year average for winter wheat in this part of early June, 327. The index this week in Oklahoma scored a record low, 219. But it gets worse as you move north. …
The Florida Freeze Disaster Assistance Act has been introduced which would provide $3.5 billion in disaster assistance to Florida growers after the freeze events in January. Congressman Scott Franklin and Congresswoman Kat Cammack sponsored the bill in the house with Senators Rick Scott and Ashley Moody introducing the companion bill in the senate. The funding would be provided through state-administered …
Well, peanut farmers are trying to make their final rounds to get this crop in the ground. There is a final planting date for farmers to watch if they’re in the crop insurance business. Of course, all farmers have to carry full crop insurance and production guarantees or revenue guarantees, either one. The farmer is not required to plant after a certain date, but …
The sell-off in corn futures the last two weeks looks overdone in our view. July corn set a new contract low early week near the $4.12 level. December new crop was closing in on lows from back in August 2024 near $4.38 and three quarters. That sell-off, the second half of last week especially, took net long positions to no more than 60,000 …
The US Department of Agriculture provided an update on the June Domestic and World Commodity supply and demand estimate for June 2026. World Agricultural Outlook Board Chairman Mark Jekanowski explains,” Still are too early to make any major changes for the other commodities like corn, soybeans. Planting is continuing. This time of year we’re going to be sticking to our …
It’s been interesting to watch live cattle and feeder cattle futures reaction to confirmation of a screwworm (NWS) case in Texas last week. A newborn calf in southern Texas, the first confirmed case in the U.S. since 1966. Now, on the surface, one would expect a very negative market reaction, but so far, Trader is looking at further tightening of cattle numbers, lower beef …
