Retail Business
In the rush to get corn and soybeans in the ground, keep in mind some principles that can help your crops get a strong start this season.
As retailers are now facing tight supplies of popular herbicides like glyphosate and glufosinate, product prices are climbing and supplies are being rationed. It’s a issue that could last the entire season.
Commodity prices continued to race higher on Thursday, with corn trading the limit higher. Soybeans and wheat also saw prices surge higher with double-digit moves.
For the Horas, not much field work has danced across their Iowa soils so far. They planted a few acres this past weekend, but fieldwork has been minimal due to the cold and wet conditions this year.
Commodity prices jumped even higher to start the week, with May corn futures topping $6 again Tuesday. Farmers are reporting local elevators posting new crop corn bids over $5, as well. What’s driving the momentum?
Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.
Cotton prices have been on a rollercoaster ride this past year. The start to 2021 showed a story of improved prices, which is a dramatic change from just a year ago, as geopolitical issues also come into play.
Just this week, USDA confirmed U.S. sorghum shattered records last week, with a total of 33.9 million bushels of purchases. The total smashed the previous record set in August 2020 by 10 million bushels.
The April farmland price index climbed to 78.6 — the highest level since 2012.
The U.S. Department of Agriculture’s statistics division is conducting a “deep dive” review of how it conducts its quarterly U.S. grain stocks reports, an official said during an online conference on Wednesday.
The western half of the country continues to see little moisture, and after a year of record government payments to agriculture, farm groups fear financial assistance this year will be tough to get passed in Washington.
U.S. soybean farmers could be in for a volatile price ride this year. With already tight stocks with robust demand, Blue Reef Agri-Marketing’s Chip Nellinger says soybean prices could see extreme volatility this year.
May corn futures closed in on $6 Wednesday, a price move being driven by a number of factors. Brian Doherty with Total Farm Marketing says corn’s performance is one for the record books.
Here are five tips that can help build more productive workdays
If farmers are going to save the planet…you’ve got to make it less risky to do so
Josh Linville with StoneX: U.S. phosphate exports “should” be lower going forward–is it guaranteed to drop? No. However, with the U.S. a premium market going forward, it will make more sense to keep tons “home”
Brazilian production of ethanol from corn rose 58% in the newly passed year as dozens of recently built plants in the country’s grain heartland ramped up production.
“We couldn’t be happier to partner with Superior Ag to expand our presence in the Midwest as the most convenient retailer of online agriculture products,” said John Demerly, CEO, CommoditAg.
The few ag retailers who track and separate inventory purchasing gains and losses from product margins and operating earnings know precisely how speculative inventory purchases impact actual operating results.
The past five years have been transformational for AMVAC, says Scott Hendrix, Senior Vice President, U.S. and Canada Crop Sales and Application Technology.
Our audience shared some key data to learn more about the compensation benchmarks in ag retail—particularly for entry-level sales agronomists and applicators/machine operators
Whether it’s how you’re investing in technology or how your company is regearing itself for the farmer of the future, the ag industry is evolving right before our eyes.
The dollar slipped on Monday towards a three-week low as Treasury yields traded near recent lows and traders awaited crucial U.S. inflation and retail sales data in coming days.
A week after USDA released its bombshell Prospective Plantings report, USDA’s April WASDE also sparked some market momentum in corn, but seemed to disappoint for soybeans.
The supply-and-demand outlook already suggested profit potential into 2022/23 (not continuously high prices, but profit opportunities).
As the 2021 bull market continues, it’s leading to a growing level of optimism from farmers. The latest Ag Economy Barometer from Purdue University/CME group shows farmer sentiments rose to 177 this month.
Of 772 farmers surveyed, 522 said they wouldn’t change their crop mix, regardless of what they learned from the Prospective Plantings Report.
Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.
Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump.
USDA’s Prospective Plantings report released Wednesday showed farmers intend to plant more acres overall, but fewer than what the trade expected. Here’s a breakdown of which states are seeing a shift in 2021 acres.