Fertilizer prices here at home had been moving lower for several months, but I’ve started noticing a few ticking higher compared to last month i.e. anhydrous and UAN32. I’m not sounding any alarms, but I do think we need to take notice and pay attention for a moment, especially with the coronavirus still brewing inside China. Remember, China …
The little bit of snow and 50 miles per hour wind is going to shut everyone down for at least a few days. I wanted to further report on what we are seeing. When the guys first got out there and started picking corn, the moisture was around 20-21% and the test weight ranged from …
Stock bulls are extremely happy to see the 10th record close for the S&P 500 and the 12th record close for the Nasdaq already in this new year. Bears continue to question how much higher the bulls can run amid the large degree of global economic uncertainty being generated by China’s coronavirus outbreak. There does seem to …
As I wrote back on January 23rd, “This is somewhat unseasonal as most of the major lows in the natural gas market are generally not posted until March-April or even later in the calendar year during August-September. This is why some traders wonder if there’s still a lot more room to the downside?” Now, three …
The first death was reported in China on January 11. By January 24 the World Health Organization (WHO) said there had been 25 deaths in China from the virus. Fast forward 18 days and there are now over +1,000 deaths and close to 45,000 infected. There have been reports circulating that the spread of the virus …
Corn traders this week will be closely monitoring the latest coronavirus headlines and the updated USDA supply and demand numbers. The following week, traders will be focused on the new crop projections released at the Ag Outlook Forum. For the time being, prices in the MAR20 contract appear comfortable trading in a sideways pattern between $3.75 …
This video is from this past weekend’s Super Bowl with players, coaches and family mic’ed up from the Chiefs and 49’ers. It brings back tons of great memories playing a sport I truly loved and the camaraderie of a team and a family. I just don’t think many folks realize how well these players work together …
Oil markets have been spooked by a recent report that Chinese demand has dropped by about three million barrels a day—roughly 20% of the nation’s daily demand late last year and 3% of global consumption. Not everyone is convinced that a 20% drop in Chinese demand—if that is the current run-rate—is likely to be sustained. …
Pay Attention… How China is Impacting the Energy Markets? Read More »
Regenerative agriculture is not only a growing buzzword in the industry, it’s gaining traction with growers across the globe. More and more producers are implementing practices like composting, cover crops, and no-to-low-till into their operations, leaving food sources for soil microbes in the soil. Over time these practices help to strengthen the soil microbes which …
Builders are hammering away at more new houses than at any time since before last decade’s foreclosure crisis, and the construction boom is driving up lumber prices. Lumber prices have declined sharply from the record highs in early 2018 but have seen a bit of an increase lately. The graph below shows two measures of …
The Hottest Home-Construction Market Since 2006 Lifting Lumber Read More »
