Soybeans were higher on fund and technical buying. Some tariff increases have been paused for 90-days, but that does not include China, which now has a rate of 125%. Pending further negotiations, tariffs against most nations are now at 10%, aside from previously reported exemptions. Unknown destinations bought 198,000 tons of 2024/25 U.S. beans ahead…… Continue Reading
Price still a factor in acreage decisions
A senior research economist at MU’s Food and Ag Policy Research Institute says there could be even fewer acres of U.S. soybeans planted this spring if prices remain volatile. Bob Maltsbarger says November soybean prices dropped and recently bounced back some this month as trade challenges continue with a top market for U.S. soybeans. “What…… Continue Reading
Price remains a factor in acreage decisions
A senior research economist at MU’s Food and Ag Policy Research Institute says there could be even fewer acres of U.S. soybeans planted this spring if prices remain volatile. Bob Maltsbarger says November soybean prices dropped and recently bounced back some this month as trade challenges continue with a top market for U.S. soybeans. “What…… Continue Reading
Cattle price outlook might be subject to demand
Cattle prices remain a bright spot in a time of uncertainty. Pat Westhoff with the University of Missouri’s Food and Ag Policy Research Institute says record high cattle prices will likely be sustained for the next few years. “Even if people start saving back heifers, it will take a few years for that to…… Continue Reading
A mixed week for broiler numbers
U.S. broiler numbers were mixed last week. The USDA says 254.898 million broiler-type eggs were set into incubators, falling 257,000 on the week, but rising 1% on the year, with average hatchability of 78.7%. 191.195 million broiler-type chicks entered meat production, up 84,000 from the previous week, but down slightly from a year ago, with…… Continue Reading
Iowa farmer to start planting Thursday
A southwest Iowa farmer plans to begin corn and soybean planting this week. Carl Jardon farms near Randolph and says while soil temperatures aren’t up to 50 degrees yet, warm weather is forecast. “I think a lot of people are planning on starting tomorrow, and we are too.” Speaking to Brownfield Wednesday, Jardon said he…… Continue Reading
Global unrest drives ag input uncertainty
Farmers in the U.S. and abroad are concerned global unrest will drive ag input costs higher. Brazil Potash Corporation CEO Matt Simpson says one of the biggest risks for fertilizer is the concentration of supply in countries that are sanctioned or at war. “You have roughly 50 percent of the world’s potash that’s produced between…… Continue Reading
Tariff changes add “new” kind of volatility to ag manufacturing
A global equipment manufacturer says the on again off again tariffs create a new type of volatility in the manufacturing sector. Eric Raby is the senior vice president for the Americas with CLAAS. “You always have currency exchange. You have weather conditions, you have commodity prices and now we’ve introduced into that, I would say…… Continue Reading
Iowa farmer about 10 days out from planting corn
An eastern Iowa farmer says he expects to start planting corn soon. Lance Lillibridge raises a corn-on-corn rotation in Benton County and says, “The 20th is the date I like to look at. We might get a chance to start a little earlier this year, but I think I have plenty to do around here…… Continue Reading
Fighting for agriculture
The top elected officials in one Midwestern state are vowing to fight for agriculture. “To all the farmers here and across the state, we have your backs.” Illinois Governor J.B. Pritzker says unprecedented uncertainty is dramatically impacting the state’s number one industry. “The harsh cuts to USDA programs, and the tariffs, are already taking their…… Continue Reading
