We told you yesterday that markets have been seeing some wild swings as of late, and how some traders are closely watching the grain and livestock trade. Mark Oppold notes this is especially true heading into the Thanksgiving break. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Rural Mainstreet Economy Shrinks for Six Straight Months
The Creighton University Rural Mainstreet Index fell below growth-neutral for the sixth-consecutive month. On a scale of one to 100, 50 represents growth neutral. The Economic Confidence Index plummeted to its lowest level since 2020. Almost 31 percent of bank CEOs in the survey area recommend that the Fed cease raising interest rates. Despite the weaker rural outlook, only 14 …
BASF Financing Program
As the agriculture community grapples with uncertainty ahead of the 2023 growing season, BASF is extending what some would call a lifeline in the midst of an unsettled economy. For the second year in a row, BASF is offering direct access to a zero percent financing program to partner with established and new growers as they explore simple purchasing options. Scott Kay …
Markets Seeing Some Wild Swings
Various factors are closely being watch this week in the grain trade. Mark Oppold has more information about the trade for this holiday shortened week. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Combine Sales Rise While Tractor Sales Drop in October
A look at trends in ag equipment sales. That’s coming up on This Land of Ours. Combine harvester sales showed double-digit gains during October in North America. The Association of Equipment Manufacturers says all tractor sales fell in the U.S. and Canada. The latest AEM report says total U.S. ag equipment unit sales stayed above the five-year average for the …
Lack of Fresh News for Markets
With a holiday period nearing, markets are once again experiencing a lack of fresh news. Mark Oppold has this report. Sponsored ContentNuseed Carinata Covers New GroundJuly 31, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Thanksgiving Dinner Cost Up 20% per Farm Bureau Survey
(AFBF/WASHINGTON, November 16, 2022) — Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. American Farm Bureau Federation’s (AFBF) 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05 or less than …
Union Pushes Back Date for Potential Railroad Worker Strike
A key railroad workers’ union says it won’t go on strike after November 19. The Brotherhood of Maintenance of Way – Employees Division says it will hold off on any type of action until early December. Freight Waves Dot Com says that will give railroads more time to come up with their best offer without the pressure of an imminent …
Agricultural Lender Survey Results Released
The top concern facing agricultural lenders going into 2023 is interest rate volatility, according to the 2022 Agricultural Lender Survey report. The report announced this week is produced jointly by the American Bankers Association and Farmer Mac. Nearly half of respondents ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year. While rising rates …
Mississippi River Grain Shipments Down 78 Percent
Drought continues to cause a major slowdown in shipping. That’s coming up on This Land of Ours. The USDA’s Agricultural Marketing Service (AMS) says the number of grain barges being unloaded in New Orleans during September and October dropped significantly. An AMS report says the number of barges is 20-30 percent lower than in recent years. The slowdown coincides with …