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Price Limits & Circuit Breakers info, Daily Emini Russel Chart & Trading Levels 4.08.2020 (full story)


At the Chicago Mercantile Exchange, live cattle ended the day limit higher on follow-through buying and broader market support during the futures session.  Feeder cattle were also limit higher on the same factors as the live pit.  April live cattle... (full story)


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May corn closed at $3.31 and 1/2, up 3 and 3/4 cents May soybeans closed at $8.54 and 3/4, down 3/4 cent May soybean meal closed at $293.80, down $3.20 May soybean oil closed at 27.48, up 65 points May wheat closed at $5.49 and 1/4, down 6 and 1/2... (full story)


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Soybeans were mostly firm on spread adjustments, with nearby contracts down and deferred months up. The trade is trying to buy back some acres from corn but remains wary about the demand impact of COVID-19. Nearby contracts had an up and down day,... (full story)


I follow many trading products using the same mathematical formulas for intraday, daily and weekly trends. (full story)


Corn was the defined leader in today’s market as short covering finally developed in the complex after setting new contract lows for most months yesterday. This ends an 8-day decline in corn values as the US is now the cheapest source for corn in t... (full story)


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In just two weeks of March, around 10 million Americans applied for unemployment benefits. Thats more than during the Great Recession. What does it imply for the US economy and the gold market? Normal 0 21 false false false ... (full story)


Summary. Broiler-type and Egg-type Hatch Up, Turkey Hatch Down... (full story)


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The national condition of winter wheat improved during the winter. USDA meteorologist Brad Rippey says that is not usually the case, “Typically, you see weather systems and cold waves and drought taking a whack at winter wheat during the winter. It’s... (full story)


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An eastern Missouri farmer says it’s still too wet to start planting. Jay Schutte who grows corn and soybeans near Mexico, Missouri tells Brownfield Ag News, “We’re putting on anhydrous ammonia right now so we’re working towards that direction.... (full story)


Eggs are in high demand at the grocery stores right now as more people cook from home. However, getting them from the farm to the table can be quite the process. Photojournalist Russ Hnatusko shows us how one couple does it. They work day after... (full story)


With the critical need for respirators and other personal protective equipment (PPE) for health care, there is a potential shortage of PPE, particularly N95 respirators, in the marketplace for agriculture […] (full story)


Crisis creates opportunity. Reason often gets tossed out the window when fear fills the minds of traders. Weve already seen this happen in a number of commodities including gasoline , natural gas , coffee and now, sugar. Sugar is priced in dollars on the world market but the costs to... (full story)


Most Illinois meat processing facilities and retail locations have remained open during the COVID-19 pandemic. Dianna Handsaker with the Illinois Association of Meat Processors tells Brownfield they have 75 operator members in Illinois and 90%... (full story)


A new study published April 3, 2020 says the rate of COVID-19 infection is growing faster in rural areas than urban. According to Penn State , while the disease arrived later in rural areas, the case load in rural America is doubling every two to... (full story)


Pork prices are reeling the effects of a global pandemic. Prices and producers are on a rollercoaster ride, as hope of better demand gave way to fears over whether buying could return to pre-virus levels quickly. “There's been a massive shift away... (full story)


Labor issues at packing plants are starting to be felt further down the supply chain. David Waterhouse, owner of the Manchester, Iowa livestock auction, says they cancelled their fed cattle slaughter auction today because of a lack of interest... (full story)


Leverage with spread trading (full story)


There is no plant resistant to heat and flame. University of Nebraska weed scientist Stevan Knezevic says proper technique and equipment make propane generated flame weeding possible and effective. Knezevic has done extensive research into the... (full story)


A Bottom is at hand (full story)


It looks to be yet another chaotic week in both the financial markets and in the grain markets. Grain markets have been down and out. Joe discusses certain items to examine during down markets. Basis, spreads, and other factors should be examined... (full story)


The USDA is expected to report minimal changes to U.S. corn, soybean, and wheat ending stocks projections. Ahead of the report, on average, analysts see modest month to month increases for domestic corn and soybean ending stocks, up 5 million on... (full story)


It’s another fairly quiet morning for direct cash cattle trade activity as bids are slow to surface.  A few asking prices have been noted at $115 live in the South and $180 dressed in the North.  We could start to see a few deals develop today, but... (full story)


It’s a Turnaround Tuesday so far for wheat futures, with SRW giving back the most. SRW wheat futures are down 8 cents in May. HRW wheat futures are down 4 1/2 cents at midday. MPLS wheat futures are trading 3 cents lower. Traders anticipate the Th... (full story)


Soybeans are up 4 1/2 cents at midday. Soymeal futures are down another $2.30/ton in May. May bean oil futures are up 81 points to provide the product value. The national average soybean basis from cmdtyView is 44.43 cents. That is still 50% stronger... (full story)


The front month cattle futures are up by the expanded limits of $4.50 so far. Feeder cattle futures are also locked limit up with $4.50 gains. The April 3 CME Feeder Cattle Index was $119.38, down by $1.69. The Fed Cattle Exchange has 8,136 head list... (full story)


Turnaround Tuesday is working so far for corn futures. The front months are up 4 1/2 to 5 3/4 cents. While the full 18 state reporting hasn’t begun yet, Texas and LA planting is running ahead of the average pace, but AR and MS are lagging due to we... (full story)


Turnaround Tuesday is working so far for corn futures. The front months are up 4 1/2 to 5 3/4 cents. While the full 18 state reporting hasn’t begun yet, Texas and LA planting is running ahead of the average pace, but AR and MS are lagging due to we... (full story)


The front month futures are adding to yesterday’s triple digit gain with 17 to 38 point advances at midday. Cotton futures closed the first trade day of the week up by 202 to 210 points. USDA’s Crop Progress report showed cotton was 7% planted in... (full story)


Lean hogs are adding to yesterday’s gains with limit moves higher at midday. The front months are $3.00 higher, April is at $44.12. The April 3 CME Lean Hog Index was down by $3 at $57.65, working on converging with April futures. The National Aver... (full story)


One option to reduce your farm’s total milk production is to dry off cows early, maybe 3 or even 4 months from calving. How much milk production is reduced will depend on the number of cows dried off and their current level of production. ... (full story)


Produce is being left in the field. Dairy farmers have nowhere to send their milk, and cattle ranchers are hit hard by plummeting beef prices. These are just some of the problems caused by the coronavirus happening in farm country. A... (full story)


A Malayan tiger at the Bronx Zoo, Nadia, tested positive for COVID-19 over the weekend. What does that case mean in regard to common farm and house cats? Very little, according to Scott Kenney, DVM, assistant professor of veterinary preventative... (full story)


Tuesday, Poet announced it will idle production at its bioprocessing facilities in three locations and delay the startup of a new plant. The company says this is directly related to the economic fallout from COVID-19. “Across the board, biofuel... (full story)


Gold blew through tough resistance at $1,700 per ounce yesterday and came within less than $8 of our $1,750 target price in overnight price action. $1,742.50 is now the new swing high for the front month futures contract. Gold is in backwardation as we write this, which means the front-month... (full story)


U.S. companies that export pork, beef and lamb to Canada now face simpler and clearer requirements, thanks to a joint initiative undertaken by the USDA Food Safety and Inspection Service (FSIS) and its counterpart, the Canadian Food Inspection Agency... (full story)


S&P futures up 10% in 24hrs, US 10yr yields up 10bp, USDCAD falls below 1.4000. Japans soft emergency declaration + confident RBA rate hold adds to risk-on. Focus turns to todays European and US coronavirus updates + Eurogroup meeting. UK PM Boris Johnson now in... (full story)


In observance of the Good Friday holiday on Friday, April 10, 2020, all U.S. exchanges will be closed. (full story)


DJ U.S. April Grain, Soybean Stockpiles Estimates — Survey CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2019-20, [...] (full story)


Nearing the ONE44 Bitcoin target (full story)


Across the Corn Belt, locally heavy rain showers dot the Great Lakes region, maintaining soggy conditions. Warm, dry weather covers the remainder of the Midwest. On April 5, prior to Tuesday’s rain across the northern Corn Belt, topsoil moisture was... (full story)


A quarterly report from CoBank sheds light on the economic impacts COVID-19 has had on the country and agriculture so far. Will Sawyer, lead economist for animal protein, tells Brownfield they expect a 15 to 20% decline in economic growth in... (full story)


Price downtrend line has been negated and fledgling uptrend in place--suggesting market has bottomed out. (full story)


The market is experiencing unprecedented uncertainty that has been very difficult to predict. There is nothing in the history of the dairy futures markets to make any comparison to. None of us have every lived through a pandemic that is global in... (full story)


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