Corn traders have all eyes on the USDA Ag Outlook numbers. The trade seems to be looking for a planted acreage number between 93 and 95 million with an average yield of around 176 bushels per acre and total U.s. new-crop production north of 15 billion bushels. If you want to compare the numbers from …
USDA in late January closed the public comment period on its interim final rule for hemp production but there remains a great deal of confusion about the guidelines as the 2020 growing season quickly approaches. Many growers viewed 2019 as an “educational opportunity” on many fronts. And a lot of those lessons were quite painful, …
What You Need to Know About Growing Hemp in 2020 Read More »
If you’re thinking it’s in Texas, Kansas or South Dakota, you’re wrong! Deseret Ranches is located in Central Florida and belongs to The Church of Jesus Christ of Latter-day Saints (LDS Church). It is located about 50 miles southeast of the Orlando International Airport and 19 miles west of Cape Canaveral, Florida and spreads over the …
Plant-based protein demand is growing and while most people think vegans are the driving force behind it we actually have to thank the “flexitarians”, those who switch between eating both meat and meatless meat. Flexitarians have multiple approaches to their diets, meaning some limit their meat choices to items that meet certain criteria like high …
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 …
