After reaching historic highs in 2022, prices for major fertilizers have trended consistently lower since then. Farmdoc Daily from the University of Illinois says supply and demand fundamentals, as well as some resolution of the ongoing impacts of the Russia-Ukraine conflict, were contributing factors. Fertilizer prices peaked during the second quarter of 2022, when anhydrous ammonia reached $1,635 per ton …
Cotton Futures Could End the Week Strong
Weather and other factors have been affecting the cotton trade. But according to Mark Oppold, they could end the week strong. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farmers Remain Cautiously Optimistic About Ag Economy
Farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points to a reading of 121. June’s sentiment improvement left the index near the April reading of 123 after a one-month swoon in May. Producers report a more optimistic view of the future as the Index of Future Expectations rose 25 points to 123, while …
Corporate Earnings Season Continues
The corporate earnings season continues, and Mark Oppold has a look at how some of the agricultural companies are doing. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
CNH Industrial Net Income Jumps 35 Percent
CNH Industrial reported Q2 consolidated revenues of $6.57 billion, eight percent higher than the same quarter in 2022. The company’s net income totaled $710 million and Adjusted Net Income was $711 million. Net cash used by operating activities totaled $139 million and Industrial Free Cash Flow generation hit $386 million in the second quarter of this year. Net sales for …
August Could be Tough on the Soybean Crop
August could be a volatile month for some commodities on the trading floor. Mark Oppold explains why this could be true for soybeans and what they will be looking at this month. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
NPPC Releases Q3 Economic Update
The National Pork Producers Council (NPPC) released its third-quarter pork industry economic update covering the top pork industry issues, current trends, and marketing issues impacting U.S. farmers. Among the biggest takeaways, California’s Prop 12 creates significant challenges and market uncertainty for pig farmers across the country and has far-reaching implications beyond the pork industry. High production costs continue to be a major …
Tracking Agricultural Markets
With July ending, Mark Oppold looks at how some of the agricultural markets did this month. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Grocery Prices Stabilizing, Dining Out Cost Rising
The cost of eating at home is stabilizing, but dining out may cost more. That’s coming up on This Land of Ours. The latest information from the USDA says that rise in grocery prices that we’ve been feeling is leveling off, and looks to be stable for the rest of the year. However, experts say the cost of eating out …
Various Factors Affecting the Grain Trade
There are various factors affecting the grain trade at this time. Mark Oppold looks at those and also has an update on the oil and gas markets. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024