The US winter wheat crop on Sunday was rated as 46% GD/EX, a figure lower than expected and up just 5 points from last year. GD/EX in KS currently sits at a healthy 63%, vs. 29% a year ago. But GD/EX in SD is a meager 31%, with TX at 27%, WA at 31%, and…
The October Cattle on Feed report is mildly bullish and supportive to cash trade next week. The trade had been prepared for a September placement rate of 101%. However, NASS reported actual placements at 97%. The smaller than expected placement rate resulted in a slightly lower than expected October 1st feedlot inventory. Cattle on feed…
The latest estimates for hog feeding margins from IA State University show an estimated return of just $1/head for the month of September. This marked the 13th consecutive month of positive according to the IA State model. Worth noting is that these margins assume spot prices at pig purchase and sale, as well as average…
AgResource’s research increasingly suggests wheat will be the longer-term bullish leader of the ag space. This is in part due to wheat’s title as a staple food in much of the world but is also due to the fact that solving current supply issues will be a multi-year process. The USDA in its October WASDE…
US and world fertilizer prices began rising in late 2020 and have steadily risen all year. However, prices have turned parabolic in recent weeks. The chart plots various fertilizer prices from US ports and other world prices. Compared to late August, prices at New Orleans are up from 13% for DAP to 67% higher for…
