Blog

How Grain Producers Continue to Expand with The Growing Population

The agriculture industry in the U.S. has continued to grow over the last century along with the world wide demand for U.S. agricultural products. While the typical consumer probably does not realize how big the American agriculture umbrella is, it is essential to acknowledge all the individuals that play a role in feeding the U.S. and the world. The U.S. agriculture industry employs over 20 million Americans and hundreds of millions of people worldwide. There are over 2 million farms across the U.S., ranging from small to thousands of acres, with the average American farm being 435 acres. While many ...
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AG MARKET UPDATE: APRIL 8 – 21

Corn has had a good past couple of weeks despite the pullback on Thursday. Planting has gotten underway across the country; while some areas are not quite ready, the next month will be as important as the last few years for weather. The western corn belt needs some rain, and the plains need warmer temperatures to begin planting. The uncertainty with Ukraine remains, but there have been reports that farmers have already planted 20% of their spring crops despite the ongoing war. While this is bearish for prices, it is important to note that there will almost definitely be a ...
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A Closer Look into the Evolution of Farming Equipment

Advancements in heavy equipment play a critical role in ensuring that agriculture and food production is sustainable for the world. From horses pulling wagons to modern-day combines, the evolution of farm equipment has played a vital role in the agriculture industry. The development in technology has not only helped speed up the overall farming processes, but farming equipment is essential for decreasing the amount of manpower needed for each harvest season and increasing production overall. First, let's recognize a few of the pioneers and inventors of farming machinery: In 1794, Eli Whitney created the cotton gin, which separated seeds, hulls, ...
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The Leonard Lumber Report: The feature of the week was easily the $122 swing this past Monday

Change for the Week: May Futures 889.00 -$60.90 Open Interest 2782 +15 CoT + 245 Industry -143 Long Funds   The feature of the week was easily the $122 swing on Monday. May went from $40 higher to $80 lower in a matter of minutes. The feature may be more about how it was received than the distance, and it was met with a lot of yawns. What is noticeable is the collective sigh of relief from the whole industry on limit-down moves in futures. People need wood again. Looking at the commitment of the trader's report, there is a ...
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AG MARKET UPDATE: MARCH 31 – APRIL 8

A bullish USDA WASDE report on Friday did nothing to affect the markets; it appears that the report was met with little reaction. The U.S. ending stocks were unchanged while world ending stocks were raised due to larger Brazil corn crop estimates by 2 million tonnes. The weather in South America and the U.S. over the next month will be the main focus as it will be essential for U.S. corn to get off to a good start as far as world supply goes. The war in Ukraine continues, and as the ultimate damage and consequences are unknown, it is ...
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