There was a bearish lean in everyone's outlook for 2013 agricultural commodity markets (see graph below). Presumably, there is a bearish and volatile view toward the U.S. government getting itself neatly out of its current fiscal pickle. Here is the calendar of upcoming events:LH Feb/FH March: The U.S. Treasury Department will run out of maneuvering tricks to avoid hitting the $16.394 trillion national debt ceiling.March 1: The Budget Control Act requires the imposition of automatic (sequestered spending) budget cuts across government, implying -7.6 to -8.2 percent cuts for most non-defense programs.March 27: The current temporary continuing resolution funding the government for fiscal 2013 expires.So the government:
is about to run o...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
