This week's bearish USDA reports will likely result in farmers doing all they can to store as much of their unsold 2015 production as possible. One problem is that a great deal of the 2014 crop still remains in their bins.
The El Nino that was previously discussed here finally made the national news this week. All of the major networks displayed the sea surface temperature maps, etc. and tried to explain the potential impact in 20 seconds. Some private weather services also updated their El Nino "watch" information this week. The basic message is that changes in rainfall/weather should start quickly as this El Nino continues to enlarge. No one knows what that will mean for production in Asia, Southeast Asia and South America. It might, h...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
