Market News
AgDay Markets Now: Ted Seifried says Grains See Corrective Action with a Strong Technical Close in Corn
AgWebWed May 1, 7:32PM CDT
Corn and Soybeans Bounce, with Wheat Lower: Was it all Corrective Action or Weather?
AgWebWed May 1, 7:00PM CDT
Down 12% from Highs, Should You Buy the Dip in This Dividend Aristocrat?
BarchartWed May 1, 6:30PM CDT
This prominent paint industry player has been raising dividends for more than four decades.
2024 Pacific typhoon on track to rank among slowest starts for tropical cyclone activity
Fox WeatherWed May 1, 5:58PM CDT
As the countdown to the Atlantic basin hurricane season is underway, there have been some unusual sights in the Pacific as the western part of the ocean has not produced a single cyclone, putting the year on pace to have one of its latest starts on record.Unlike the Atlantic basin,...
Sustainability in rural communities
Brownfield Ag NewsWed May 1, 5:32PM CDT
Commentary. Several times over the past few weeks I’ve been approached by a friendly stranger in the parking lot of a grocery store, restaurant, or strip mall. In early April, my sister and I were approached in the garden of a winery in Hermann, Missouri. The individuals, all of whom...
Corn Pulls Gains Out of Midweek Session
BarchartWed May 1, 5:02PM CDT
Corn futures closed out the Wednesday session getting some spark higher. Contracts were fractionally to 4 cents higher across the board. EIA data from this morning showed a 33,000 barrel per day bump in ethanol production during the week that ended on April 26 to 987,000 bpd. Despite the increase...
Cattle Head Lower to Close Out Wednesday
BarchartWed May 1, 5:02PM CDT
Live cattle fell lower again on Wednesday, with contracts down $1.12 to $2.37 at the close. Cash trade has yet to develop this week. The Central Stockyards online Fed Cattle Exchange auction saw no sales on the 998 head offered, with no bids and asks of $184-185. Last week’s trade...
Soybeans Head Higher on Wednesday
BarchartWed May 1, 5:02PM CDT
Soybeans rounded out the Wednesday session with contracts 4 ½ to 10 ¼ cents higher. Soymeal continued the weakness, with contracts 30 cents to $3.70/ton lower. Soy Oil was 16 to 28 points higher across the board. Export Sales data will be released on Thursday, with the trade range of...
Hogs Fall to Weakness on Wednesday
BarchartWed May 1, 5:02PM CDT
Lean hogs fell lower on Wednesday, as contracts were anywhere from $1 to $2.05 in the red. USDA’s National Average Base Hog negotiated price was down a penny from the day prior in the Wednesday PM report at $92.02. The CME Lean Hog Index was down 26 cents on April...
Cotton Continue Weakness into Close
BarchartWed May 1, 5:02PM CDT
Cotton futures are down 37 to 211 points across the board at the close. Crude Oil was feeling the pressure, below $80 per barrel on the day, $2.77 lower. The Fed showed no changes to rates after their 2 day meeting this afternoon, and stated they need to see inflation...
Wheat Mixed on Wednesday
BarchartWed May 1, 5:02PM CDT
The wheat market closed Wednesday with mixed action across the three exchanges. Kansas City led the way lower, with contracts down 3 to 10 ¼ cents and May up ¾. Chicago contracts were down 1 ½ to 4 cents across the nearbys and up fractionally to 2 ½ cents in...
Down 39% YTD, Is It Too Early to Buy the Dip in Intel Stock?
BarchartWed May 1, 4:12PM CDT
Intel is down 39% this year, and just released disappointing 1Q results. Here is what analysts think of the stock, and whether the worst is over yet.
Milk futures lower, cash dairy mixed
Brownfield Ag NewsWed May 1, 4:12PM CDT
Milk futures on the Chicago Mercantile Exchange ended the day lower pressured by increasing feed cost concerns and oversold positions. May Class III milk down 13 cents at $18.25. June 24 cents lower at $18.42. July down seven cents at $18.83. August six cents lower at $18.92. September through November...
New tools ease use of livestock disaster programs
Brownfield Ag NewsWed May 1, 4:12PM CDT
The administrator of the USDA’s Farm Service Agency (FSA) says new online resources increase accessibility to disaster aid for livestock producers. Zach Ducheneaux tells Brownfield the Livestock Indemnity Program (LIP) Decision Tool serves as a translator. “It takes our forms, restates it in a way that producers can resonate with...
National Oilseed Processors critical of updated GREET model
Brownfield Ag NewsWed May 1, 3:56PM CDT
The National Oilseed Processors Association is critical of updates to the criteria used to qualify for sustainable aviation fuel tax credits. President Kailee Tkacz-Buller says while bundling conservation practices is well-intended, it will likely have unintended consequences. “I’m looking at this from a soy angle on the no-till and cover...