There are so many conflicting narratives between war and peace, rain and drought, hopes and fears, that it was a mixed day of trading on Friday, and a mixed outcome for the week. For today, corn suffered its sixth lower day in the past seven trading sessions. There was high volume in soybeans and soymeal, with the latter spiking significantly higher in price. There was a new contract high in cattle. And between the prospects for rain amidst drought and stocks amidst plenty, value continued to be drained out of wheat. On the week:
Cattle saw its fourth straight week higher. Soybeans had a second week of gaining value. Corn had a fourth straight week of weakening. Wheat and hogs all spent their second week losing value.
Weather The r...
What You Need to Know Today: Headlines emerging from negotiations between President Trump and President Xi were relatively limited, with a more substantive announcement expected Monday. U.S. Trade Representative Jamieson Greer indicated that additional details related to agricultural trade cou...
The heat of summer is now transitioning into more moderate temperatures, and the next two months have the busiest marketing periods of the year for replacement cattle. Weather always influences the replacement cattle market, and the primary grain belt in the Southern Plains, where many cattle a...
Key Takeaways: Diesel accounts for about 64 percent of U.S. farm fuel spending. For farmers, the pressing question is what a higher price adds to each field operation. Iowa farm diesel averaged $5.50/gallon in September, compared with the $2.89/gallon Iowa State assumed for its February machin...
