When it comes to the cotton trade, futures have seen a losing trend as of late. Mark Oppold has more details.
Cotton Futures Not Following Grain Trade
Markets re-open today after a long holiday weekend. But Mark Oppold reports some will be watching cotton futures, as last week they didn’t follow the grain trade.
DeSantis Axes $510 Million from Florida Record State Budget
(NSF/TALLAHASSEE, FL/June 15, 2023) — Gov. Ron DeSantis trimmed $510.9 million from a record-high state spending plan signed Thursday, with nearly one-fifth of the cuts coming from a single program designed to keep swaths of rural property from commercial and residential development. While DeSantis didn’t give any explanation for projects he slashed for the fiscal year that begins July 1, …
Food Prices Rise Slightly in May
Another slight bump in food prices. That’s coming up on This Land of Ours. After two straight months of flat food prices, the cost of food increased slightly during May. Overall food prices rose 0.2 percent from April to May. The New York Times says U.S. grocery prices rose 0.1 percent in May, up from April, when prices dropped 0.2 …
Shine of High Cattle Prices Taken by Inflation
One of the speakers during the recent Southern Association of State Departments of Agriculture annual conference in Montgomery, Alabama was National Cattlemen’s Beef Association CEO Colin Woodall. Southeast AgNet’s Will Jordan was there and has this report.
Grain Analysts Tracking Weather Conditions
Grain analysts are closely watching the crop progress reports each week. Mark Oppold explains why weather conditions have a lot to do with that.
Farm Credit System Issues Ag Economic and Outlook Report
The Farm Credit Administration board received a quarterly report (.pdf) on economic issues affecting agriculture recently. According to the report, inflation remains elevated in certain sectors of the economy despite interest rate hikes and supply chain improvements. For agriculture, drought has declined substantially across the western half of the country, and good spring weather conditions sped up planting progress for …
Disaster Assistance Application Process Soon Taking Place
$3.7 billion dollars has been set aside as part of USDA’s Emergency Relief and Emergency Livestock Relief (ELRP) programs for producers who suffered weather related disaster losses in 2022. Rod Bain reports that applications will soon be accepted. Emergency Livestock Relief Program (ELRP) – provides livestock producers, who have approved applications through the 2021 Livestock Forage Disaster Program for forage losses due to …
Grocery Inflation Cooling
A little relief at the grocery store. That’s coming up on This Land of Ours. After two years of climbing grocery bills, things are starting to cool off. “In April grocery inflation on a three-month annualized basis, which is just saying if the three months we’re looking at stayed that way all year, inflation was actually negative,” Joelle Gamble, Deputy …
Farmer Sentiment Sours as Crop Prices Decline
Producer sentiment fell to its weakest reading since July 2022, as the Purdue University-CME Group Ag Economy Barometer Index declined 19 points in May to 104. The month’s weak sentiment reading was fueled by declines in both of the barometer’s sub-indices. The Index of Future Expectations declined 22 points to 98, while the Index of Current Conditions fell 13 points …