Cottonseed prices came off last week as Gavilon decided to put out lower offers. I have talked to many gins in each origin (TX, OK, AR, MO, MS, TN and GA) and have concluded there has been zero gin selling. We have a USDA production report this Wednesday and Read More
Margins improved significantly over the first half of May following a strong recovery in milk prices due to optimism stemming from
government intervention to aid the dairy sector. USDA announced that it would spend $317 million between May 15 and June 30 on
dairy products, and $175 million for food donation Read More
Good morning. Corn
futures are starting off the week slightly in the red, with the May contract
down 3/4 cent to $3.43. The May contract is currently a dime off its recent
low, thanks in large part to a 29.7 million-bushel sale of corn to the Chinese.
We’ve been waiting a long time Read More
COTTON estimates for 2019/20 are unchanged, except for a 1 cent-per pound reduction in the season-average upland farm price, to 62 cents, 8.3 cents lower than in 2018/19. Globally, the 2019/20 world cotton ending stocks forecasts is bumped higher by +2.5-million-bales driven by both larger production and lower consumption. Read More
Argentina’s New Government Hikes Export Taxes on Ag Products: As anticipated, Argentina’s new government has hiked export levies on soy, wheat and corn, according to an official decree on Saturday, hitting farmers in the grains exporting nation to raise revenue needed to avoid default on a mountain of Read More
Time for politics 101 in Canada:
Trudeau is Liberal as you probably know and they don’t
want to push unions to much.
So they may drag on a special session to legislate them
back to work.
In the election in October Trudeau did not win one seat
in Alberta or Saskatchewan – all Progressive Conservative Read More