In this episode of Managing for Profit, David Widmar with Agricultural Economic Insights explains what farmers should be on the lookout for when making grain marketing decisions this fall. The post Making the best grain marketing decisions this fall appeared first on Brownfield Ag News. View Full Story
An ag economist says he’s not ruling out the possibility of $6 corn as harvest gets underway. Ben Brown with University of Missouri Extension tells Brownfield the corn market has been relatively strong the last few weeks. “We’d probably need to see a little more bullish support to get to $6, but it’s certainly possible,” […] The post Ag economist: $6 corn isn’t out of reach as harvest begins appeared first on Brownfield Ag News. View Full Story
The vice president of Nebraska-based Moving Parts, LLC says his expectations are for an average U.S. corn crop this year. Scott Custard tells Brownfield, “We’ve kind of made it through corn pollination in decent shape. That next two to four weeks are going to be critical for grain fill. There are areas in the West […] The post Markets on weather watch heading into August appeared first on Brownfield Ag News. View Full Story
An ag economist says it’s been a tough couple of months for the cattle complex. Josh Maples with Mississippi State University Extension tells Brownfield the five area price is currently about $230 per hundredweight. “This is down about 11% from a month ago,” he says. “And it’s down about 12% from the high that we saw back in mid-May when we were […] The post Economist says recent cattle price declines don’t necessarily signal a long-term downturn appeared first on Brownfield Ag News. View Full Story
Several agricultural groups are encouraging the U.S. Trade Representative to impose a 25 percent reciprocal tariff on Brazilian ethanol. “We need to have access to their markets just like they have access to ours.” National Corn Growers Association First Vice President and Michigan farmer Matt Frostic tells Brownfield the country has had an 18% tariff […] The post Farm groups push 25% tariff on Brazilian ethanol in USTR investigation appeared first on Brownfield Ag News. View Full Story
A grain market analyst says summer weather may offer farmers another pre-harvest pricing opportunity. Bree Baatz with Terrain says this year’s production estimates could be on track. “Are we going to have record yields? We don’t know yet, but as we sit here in mid-June, the speculation is these yield numbers are likely achievable […] The post Patience may pay off for grain producers this summer appeared first on Brownfield Ag News. View Full Story
A market analyst says he expects volatility in the wheat markets to continue. Jim McCormick with AgMarket.Net says prices responded sharply higher following this week’s USDA’s supply and demand report that predicted the smallest crop since the 70s. “It had to recalibrate itself – plain and simple – pretty violently.” However, prices have since moved […] The post Smaller U.S. wheat crop continues to drive market swings appeared first on Brownfield Ag News. View Full Story
China’s Ag Ministry says it plans to import fewer soybeans, pork, beef and dairy products in the next decade. Naomi Blohm with Total Farm Marketing says that sends a clear message. “They don’t have to do as much negotiations potentially with the United States in the future. I think it’s a little bit of a […] The post China signals longer-term cuts to ag imports appeared first on Brownfield Ag News. View Full Story
An agricultural economist with Advance Trading says ongoing volatility in the commodity markets can bring opportunities. “You can either be afraid of volatility, be scared of it, or embrace it.” Brian Basting tells Brownfield, “I still think there’s a sizable chunk of corn left out there, but I’d encourage your viewers to defend their balance […] The post Markets giving growers the option to embrace volatility appeared first on Brownfield Ag News. View Full Story
An agricultural economist with Advance Trading says the corn and soybean markets have fallen off their highs of early spring. Brian Basting says many farmers took advantage of the rally touched off by the Middle Eastern conflict, but… “The market until last day or two had retraced that entire rally that was linked to the […] The post Conflict rally behind corn and soybean markets appeared first on Brownfield Ag News. View Full Story
