Heavy resistance is being found in the soybean trade this week. Mark Oppold has a look at that along with predictions about future Federal Reserve moves on interest rates.
Lower Stocks Helping Push Peanut Prices Higher
A new report indicates lower stock of peanuts right now. And according to Tyron Spearman, this hopefully will help improve peanut prices.
Fiscal Year 2024 Beef Checkoff Plan of Work
The 2024 Fiscal Year for the Cattlemen’s Beef Board (CBB) started October 1st, and throughout the year they will be investing approximately $38 million into programs of beef promotion, research, consumer information, industry information, foreign marketing, and producer communications. Back in September, the Beef Promotion Operating Committee approved Checkoff funding for a total of 12 “Authorization Requests”, or grant proposals …
Record Production Levels for Crude Oil
Forward pricing of diesel fuel and gasoline is something farmers and ranchers may want to consider right now. Mark Oppold explains why.
Organic Produce Sales and Volume Up Two Percent
For the second quarter in a row, organic fresh produce grew slightly in year-over-year sales and volume in the third quarter of 2023. That’s according to a report issued by the Organic Produce Network. Overall, organic fresh produce dollar sales and volume rose by two percent and 1.9 percent, respectively, for Q3 in 2023 compared to the same time last …
Another Rate Hike Possible Next Year
Another rate hike by the Fed is possible next year. Mark Oppold notes this is possible due to strong economic data.
USDA Designates 11 Additional Alabama Counties as Primary Natural Disaster Areas
(ADAI/MONTGOMERY, AL/Oct. 31, 2023) – Alabama Commissioner of Agriculture and Industries Rick Pate announced that USDA Secretary Thomas J. Vilsack has designated eleven Alabama counties as primary natural disaster areas due to a recent drought. Additional counties were listed as contiguous disaster counties. “We recognize that the drought conditions have hit Alabama farmers hard and hope this disaster relief from USDA …
Wall Street Ends a Difficult Month
As October ends, Mark Oppold reports there were a few red flags for the month, as Wall Street ends a difficult month.
Trends in Agricultural Land Ownership
The latest trends in agriculture land ownership. That’s coming up on This Land of Ours. The landscape of land ownership has evolved over the past 25 years as a generational transfer of ownership takes place. A Farmers National Company report says a strong ag economy has driven the market higher for several years. Most landowners have seen steady increases in …
October Not a Good Month for Agricultural Commodities
Like September, October was not a very friendly month for many of the agricultural commodities. Mark Oppold looks at how trading did this past month.