Headlines

Meghan Grebner - Brownfield - 38 mins ago

Packer inquiry remains very limited at midday, following yesterday’s very light trade. It appears the tone has been set, and it’s much lower than last week. There were sharp losses on Wednesday as live deals fell to $112, about $7 lower than the... (full story)

Solid week for pork, soybean oil export sales

John Perkins - Brownfield - 39 mins ago

Pork exports during the week ending March 26th were way above average. The USDA says pork sales of 38,200 tons were down 1% on the week, but up 88% from the four-week average, with China buying about half of the weekly total. China bought a routine... (full story)

CoBank Quarterly Report Tackles COVID-19 Pandemic's Effect Across Agriculture

GrainNet - 43 mins ago

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Cotton Market Spikes Higher

BRUG - 57 mins ago

Cotton futures are bouncing by 171 to 138 points at midday, May is the highest so far and lightly traded Oct futures are UNCH. The weekly update to Export Sales showed 147,535 RBs of cotton sold on the week ending March 26. That was down 47% wk/wk an... (full story)

Cattle Market Lower at Midday

BRUG - 57 mins ago

Cattle futures are trading $2.77 to $3.72 lower at midday, April cattle options expire tomorrow and delivery against April futures in theory begins Monday. There won’t be any at this basis. Feeder futures are down by as much as $6.42 so far. The Ma... (full story)

Soybeans Higher at Midday

BRUG - 57 mins ago

Bean futures are fractionally higher to 1 3/4 cents higher so far. Soymeal futures are $3.70/ton weaker, with nearby soy oil bouncing 13 points. USDA Export Sales showed soybean bookings of 957,417 MT for the week ending March 26. That was just above... (full story)

Wheat Market Down so far

BRUG - 57 mins ago

The wheat market is lower on weak export data. KC wheat is down the most at midday with May showing a 6 1/2 cent drop. May Chicago wheat is 5 1/2 cents lower. MPLS May futures are 4 1/2 cents lower. Wheat export bookings from the week ending March 26... (full story)

Corn Bounces for Midday

BRUG - 57 mins ago

Corn futures are 2 3/4 to 3 3/4 cents per bushel higher so far on Thursday. USDA’s weekly Export Sales report revealed 1.075 MMT of corn bookings from the week ending March 26. There were also 20,321 MTs of new crop corn sales. The net sales were d... (full story)

Hog Market Limit Lower

BRUG - 57 mins ago

The front month lean hog futures are down by expanded limits, with the April futures trading at a $3.55 loss. The March 31 CME Lean Hog Index was $64.46, down 69 cents. The 04/02 National Average Morning Base Hog price was a nickel higher to $48.42. ... (full story)

Ag Market Commentary

BRUG - 57 mins ago

Top Farmer Midday Update 4-2-20

Stewart-peterson Commentary - SPC - 1 hr 31 mins ago

CORN Corn markets found a mid-morning bounce and are currently trading with 0.055 gains. May is trading at 3.4025, Jul at 3.4425 and Dec at 3.5275. President Trump tweeted this morning that he spoke with the Crown Prince of Saudi Arabia regarding oi... (full story)

Upcoming GEAPS Webinar: An Overview on Corn Processing ... Presented by Kent D. Rausch, April 16 at 10 a.m. CT

GrainNet - 1 hr 57 mins ago

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And if you thought that was big...

AGWEB - 2 hrs 39 mins ago

As we have all witnessed, when a plant has been suffering through a prolonged dry spell, even a few refreshing drops of water can bring about an amazing recovery. That would seem to describe the action we have witnessed in crude oil over the past... (full story)

Grains Report 04/02/2020

Jack Scoville - InsideFutures.com - 13 mins ago

DJ U.S. Export Sales: Weekly Sales Totals-Apr 2 For the week ended Mar 26, in thousand metric tons, except cotton in thousand running [...] (full story)

More Jobs Numbers Today & Tomorrow. The Corn & Ethanol Report 04/02/2020

Daniel Flynn - InsideFutures.com - 48 mins ago

We started the day with Challenger Job cuts coming in at 222.288K versus the previous 56.66K, at 7:30 A.M. we have Export Sales, Jobless Claims [...] (full story)

Enter Grainnet's Predict The Size of The 2020 Fall Crops Contest ... Win $100!

GrainNet - 2 hrs 52 mins ago

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Loan program is now available to help small businesses keep employees

Amie Simpson - Brownfield - Thu Apr 02, 9:34AM CDT

The Small Business Administration has released terms and conditions for a $349 billion Paycheck Protection Program that will provide relief for small businesses, including some farms. SBA and the Treasury Department have initiated a mobilization... (full story)

Recognizing the hard work and dedication of FFA students

Shannon Yokley - Brownfield - Thu Apr 02, 9:31AM CDT

In many parts of the country, students are finishing up their school year at home. And in the midst of all the changes, Tracy Willits with Pivot Bio says the company wanted to recognize FFA students and the work they’re doing to continue their... (full story)

Illinois farmer: “We’re in unprofitable territory.”

Rhiannon Branch - Brownfield - Thu Apr 02, 9:31AM CDT

A southeastern Illinois farmer says while COVID-19 has had little impact on his farming routine, profitability this year is a big concern. Kenny Clodfelter tells Brownfield MFP payments helped maintain profitability during the trade war, but... (full story)

Precision Ag: Amvac Enters Strategic Partnership With Canada’s Clean Seed

Owen Taylor - AGFAX - Thu Apr 02, 9:30AM CDT

Amvac Chemical Corporation has moved into variable-rate technology by making a minority equity investment in Clean Seed. The agreement also includes a royalty-bearing worldwide license for Clean Seed’s variable-rate technology […] (full story)

U.S. Drought Monitor: Precipitation Levels Continue to Accumulate Across Midwest Region

GrainNet - Thu Apr 02, 9:25AM CDT

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Daily Financial Forecast Stock Index Futures Holding Up Well Despite Jobless Claims

Alan Bush - InsideFutures.com - Thu Apr 02, 9:24AM CDT

U.S. stock index futures jumped in the overnight trade after a surge in the price of oil. (full story)

I-80 Planting Tour: Homeschool Becomes New Normal During Plant Prep

AGWEB - Thu Apr 02, 9:19AM CDT

School time now comes with some shop time for Bremen, Indiana farmer Charlie Houin and his sons. “Our whole dynamic right now is rather interesting,” Houin says. While great-grandma, grandma and grandpa help homeschool due to the coronavirus... (full story)

How Many Heifers Do You Need?

AGWEB - Thu Apr 02, 9:05AM CDT

Determining how many replacement heifers you need is not easily answered. The best answer, and not a very definitive one is: “It depends,” says Mike Overton, a dairy analytics advisor with Elanco Animal Health. He spoke recently at the... (full story)

Analysis: More Corn Acres and Less Domestic Demand, Now What?

AGWEB - Thu Apr 02, 9:05AM CDT

USDA released a slew of reports this week over potential acreage production and grain stocks. In its Prospective Plantings report, USDA said Corn planted area for all purposes in 2020 is estimated at 97.0 million acres, up 8 percent... (full story)

Daily Technical Spotlight - May Nymex Crude Oil

Rosenthal Collins Group - InsideFutures.com - Thu Apr 02, 9:04AM CDT

Bears in solid technical control amid steep price downtrend in place. No early clues of market bottom close at hand. (full story)

Softs Report 04/02/2020

Jack Scoville - InsideFutures.com - 2 hrs 23 mins ago

DJ U.S. February Coffee, Cocoa Imports-Apr 2 In kilograms from the U.S. Commerce Department, converted to pounds by Dow Jones. —-Feb 2020—- [...] (full story)

Rebound in Crude Oil Prices is Supportive For Commodities

AGWEB - Thu Apr 02, 8:43AM CDT

EIA Released the Largest Ethanol Stocks on Record Ethanol stocks in the week March 27 were 1.080 billion gallons vs 1.014 billion last week. These are the largest ethanol stocks on record and the largest weekly increase since the inception of... (full story)

KAAPA Ethanol Idles Plant in Ravenna, NE Amid Low Demand and Prices

GrainNet - Thu Apr 02, 8:38AM CDT

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Vaclavik Audio 4/2/20

AGWEB - Thu Apr 02, 8:12AM CDT

Improve your grain marketing! Visit https://www.standardgrain.com/grain-marketing-plan/ (full story)

Bullish Movement On S&P500 - Elliott wave analysis

Gregor Horvat - InsideFutures.com - Thu Apr 02, 8:07AM CDT

The SP500 made a sharp recovery recently from the lows, giving us an indication that a five-wave decline since February is completed, and that a minimum three-wave reversal is underway. (full story)