AG MARKET UPDATE: APRIL 21 – 28
Corn continues to move higher as planting has gotten off to a slow start in the US and Brazil’s safrinha crop is facing drought conditions, shrinking their crop. The wet and cool forecasts remain into May for the north and eastern corn belt which will make it unlikely to see much planting progress in those areas. The rain will be welcome in the western corn belt that has been dry and making slow progress in planting, but the rain will be welcome for the soil even if it slows planting for a day or two. The ongoing conflict in Ukraine ...
The Leonard Lumber Report: It Was A Grind Higher Week in Futures
Change for the Week: May Futures: 1002.60 +113.60 Open Interest: 2848 +66 CoT: + 108 Industry It was a grind higher week in futures as the cash trade found traction. The timing of this cash buy has come about earlier than many would have liked. Logistics and timing continue to be the issue, and these issues have pushed the trade to the futures for some upside risk management. In today's volatile environment, most find risk management to be a must. The futures did see light selling by Friday, but it mainly was Dow-related. It's time to reintroduce the elephant. The great debate ...
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 ...
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 ...
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, ...
