Corn bulls will be trying to hold some of yesterday’s gains. Perhaps increased Chinese buying and a bit of stabilization in crude oil can stop or slow some of the bleeding. I continue to hold a very small bullish position but have prepared myself mentally for the price to drop to sub-$3.00 per bushel. Many …
Why I Continue to Hold a Bullish Position in Corn Read More »
Nine Western states are currently in the midst of a historic “megadrought”, according to scientists at Columbia University who just published their findings in the journal Science. They say it’s the worst one in 500 years and has likely been ongoing since 2000. The researchers were studying the occurrence of megadroughts in the Western U.S., …
New Study Says “Megadrought” is Underway in American West Read More »
The US Department of Agriculture last week reported a deadly case of H7N3 bird flu in a turkey flock in Chesterfield county, South Carolina. The virus killed 1,583 turkeys and the remaining 32,577 birds have since been euthanized. In a statement, USDA said there was no immediate public health concern and that no human cases …
Did You Know a Fatal Strain of Brid Flu was Confirmed Last Week in U.S.? Read More »
COVID-19 has left economic forecasters with the very difficult task of analyzing and trying to predict where things go from here. Our friends from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri are using their talents and tools to try and best forecast what affects and impact the pandemic may …
Early Predictions for COVID-19’s Impact on the Ag Industry Read More »
I’ve been on a ton of calls this week and many in the ag space are rightfully worried. If prices remain at these levels or perhaps even lower, many farm families will find themselves in dire financial circumstances. The complications of coronavirus along with the fallout in crude oil has created a dangerous one-two punch …
Coronavirus and Crude Oil Casting Dark Clouds Over Farm Income in 2020 Read More »
CORN bears have taken some massive swings as of late. Not only is flat price down roughly -10% in the past 30-days and down roughly -15% in the past couple of months, but the basis in many locations has gotten completely hammered as ethanol collapses. Several areas have witnessed a very dangerous -$1.00 per bushel …
Coronavirus Continues to Complicate the Big Picture for Corn & Soybeans Read More »
