Market News
Markets Now: Has the Cattle Market Put in an Intermediate Top?
AgWebMon Mar 18, 9:46PM CDT
AgDay TV Markets Now: Has the Cattle Market Put in an Intermediate Top?
AgWebMon Mar 18, 6:50PM CDT
Corn Closed Firm for Monday
BarchartMon Mar 18, 5:23PM CDT
The corn market initially tried for gains to start the week though faded back to close UNCH to fractionally lower. The weekly Export Inspections data showed 1.24 MMT of corn was shipped during the week that ended 3/14. That was up from 1.17 MMT the week prior and was slightly...
Cattle Close Up by Triple Digits
BarchartMon Mar 18, 5:23PM CDT
The cattle futures market finished the day with $1.32 to $1.80 gains across the nearby contracts. Feeders were $1.92 to $3.12 higher leading the way. USDA reported cash trades for the week from $185 to $190, though the bulk of business took place on Friday with $186 sales for the...
Beans Fade Out of Weekend
BarchartMon Mar 18, 5:23PM CDT
Soybean futures were 8 ¼ to 10 ½ cents weaker across the front months to start the week. July held above the $12 mark for the close, while May spiked over the $12 mark at the high. Soymeal futures were $2.40 to $2.80 lower on the day. Front month Soy...
Monday Gains for Lean Hogs
BarchartMon Mar 18, 5:23PM CDT
Front month hog prices were mostly higher, though April was a dime weaker. The back months were 25 to 80 cents higher for the close. USDA’s National Average Base Hog price was 28 cents weaker to $79.66. The CME Lean Hog Index for 3/14 was $82.34, up by 25 cents....
Cotton Off Highs, Still Higher on Monday
BarchartMon Mar 18, 5:23PM CDT
The May cotton futures were 163 points off their 226 point gain for the close, though the nearby contracts were still 1 to 67 points higher at the close. The Cotlook A Index for was down by 135 points to 98.45 on 3/15. USDA’s weekly Cotton Market Review showed 11,320...
Wheats End Off Highs But Hold Gains
BarchartMon Mar 18, 5:23PM CDT
The front month wheat market contracts rallied out of the weekend. Chicago prices ended the day 1 ¼ cents off the session high and 12 to 14 ¼ cents in the black. KC closed 7 ½ to 8 ¼ cents in the black for Monday. MGE was 4 ¼ to...
3 AI Chip Stocks That Look More Overvalued Than Nvidia Right Now
BarchartMon Mar 18, 5:10PM CDT
The breakout rally in AI stocks, with Nvidia leading the charge, has raised concerns about a potential bubble. However, with NVDA now down about 10% from its recent highs, here are three AI chip stocks that look even more expensive than the industry leader.
Legislation could speed up domestic fertilizer production
Brownfield Ag NewsMon Mar 18, 4:20PM CDT
A bipartisan bill in the U.S. Senate would streamline the permitting process for more domestic phosphate and potash production. Ed Thomas with The Fertilizer Institute says, “We certainly do see a need for permitting reform. This is just a first step.” Thomas tells Brownfield they’ve been trying to increase the...
Ask questions about climate smart programs
Brownfield Ag NewsMon Mar 18, 4:04PM CDT
The head of sustainable business with the Farmers Business Network says farmers shouldn’t be afraid to ask questions when considering participation in a new climate smart ag program. Kurt Alles says farmers should start by asking ‘what are the requirements of the program’… “What information do I have to submit...
Practical Farmers of Iowa seeking on-farm research participants
Brownfield Ag NewsMon Mar 18, 4:04PM CDT
Midwestern farmers using soil health practices can take part in research projects focused on nitrogen use and cover crops this growing season. Practical Farmers of Iowa senior research manager Stefan Gailans says they are seeking corn growers to explore whether practices like cover crops or no-till support using less nitrogen...
Four States Dairy Nutrition and Management Conference
Brownfield Ag NewsMon Mar 18, 4:04PM CDT
Larry Lee will be on the ground in Dubuque, Iowa June 5-6, 2024 for the Four States Dairy Nutrition and Management Conference. ...
CME milk mostly higher, cash dairy mostly lower Monday
Brownfield Ag NewsMon Mar 18, 4:04PM CDT
Milk futures were mostly steady to higher and the cash dairy markets were lower except cheese barrels Monday on the Chicago Mercantile Exchange. April Class III milk was up $0.15 at $16.16. May was up $0.07 at $16.49. June was unchanged at $17.23. July was up $0.02 at $17.91. August...
Stocks Settle Higher on Strength in Megacap Tech Stocks
BarchartMon Mar 18, 3:50PM CDT
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.99%. Stocks on Monday posted moderate gains, led by strength in megacap technology stocks. Tesla...