America has one of the largest landmasses in the world at its disposal with over 3.8 million square miles, and that’s without taking into account either Alaska or Hawaii. In an interesting article recently published by the World Economic Forum, they raised the question of how America’s land actually gets used by our economy, meaning […]
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What I’ve Been Hearing About the Locust…
What I’ve Been Hearing About the Locust… The UN’s Food & Agriculture Organization said recently that the number of locusts in East Africa could expand 500 times by June. The desert locust may be the most dangerous yet. From what I understand, just a single small locust swarm, if it comes into a farmer’s field in […]
The Biggest Cow-Calf Ranch in the U.S.
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 […]
What’s Driving Global Protein Demand?
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 […]
Why I’m Making a Move on Fertilizer
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 […]
From the Field – South Dakota
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 […]
Morning Summary 02-12-20
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 […]
Still Keeping An Eye on Natural Gas
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 […]
Coronavirus Update
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 […]
Thoughts About Corn 02-10-20
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 […]