Check out the latest AgFanatics podcasts, for your listening pleasure In episode #27, the AgFanatics talk with Dr. Gary Schnitkey with the University of Illinois to get his analysis on the American Farm Bureau Federation’s farm bill proposal. Episode #28 discusses the reason behind the recent market failure. Also, is there some debate as to how much grain is actually …
AgFanatics Talk About the Markets
In the newest AgFanatics podcast, our friends Cory and Nick give some explanation as to what has caused the significant retreat in grain prices, after last Thursday’s USDA report. What does the future hold and what could we see in next Wednesday’s WASDE report? Tune in to find out! The AgriVisor AgFanatics podcast is updated twice weekly and can be …
AgFanatics Live From Commodity Classic
The AgFanatics were live from the Commodity Classic in Florida last week where they discussed what’s causing the recent spike in old crop futures and what the next few weeks look like ahead of several key USDA reports. That was Episode #14 in the can already! In Episode #13, the guys discuss what’s been new in the grain markets, possible …
USDA Changing Report Release Times in 2013
USDA is changing the release time of certain key statistical reports beginning in January 2013. The U.S. Department of Agriculture today announced that the National Agricultural Statistics Service (NASS) and World Agricultural Outlook Board (WAOB) will begin issuing several major USDA statistical reports at 12:00 p.m. EDT beginning in January 2013. The current USDA release time of 8:30 a.m. EDT …
Livestock Reports Not Sexy, Hard to Understand, and At Risk
For anyone who has ever done livestock market reports in the media, you know how complex and how intertwined they are. What happens in one market can greatly affect all of the others (including what goes on in the grain markets), and understanding these relationships is certainly not an easy task (doing markets for Chuck back during our days at …
Private Companies Also Worried About USDA Cuts
Previously, we talked about how USDA officials are concerned about how possible budget cuts will affect their ability to keep providing the timely, accurate reports on which so many farmers depend. And they’re not the only ones concerned. In our continuing series looking at the recent Farm Foundation webinar on data collection, we hear from Paul Hughes of Nestle Purina …
USDA: Environment Not Conducive to Public Info
At a time when farmers rely more and more on good information, officials at the USDA worry that budget cuts are going to make their job of providing information to those farmers more difficult. “We were being stressed right now in an environment not conducive to public information,” said Joe Prusacki, Director, Statistics Division, at the USDA’s National Agricultural Statistics …
MGEX Reports Higher October Trading and New Team Member
The Minneapolis Grain Exchange (MGEX) reports that trading volume in October was up significantly over a year ago. According to MGEX, October futures and options trading volume was 149,923 contracts, a 33 percent increase over the same period a year ago. Total exchange open interest was up 39 percent over October of last year, led by a strong increase in …
Weakened Dollar Could Cause Farm Problems
Jim Langcuster at Auburn University recently published an article in the Southeast Farm Press titled, Weakened Dollar Could Cause Farm Problems that highlights some issues farmers could be facing in times of a weakened dollar. Here is an excerpt of the article… The mighty American greenback has fallen on hard times — so hard, in fact, that countries throughout the …
NCGA Launches Markets Now Member Benefit
Here’s another reason to be a member of the National Corn Growers Association. Now you can get your markets on your mobile phone as a new member benefit. Our friends at Commodity Update who also make AgWired Mobile possible are powering the new service. You can find out more on the NCGA website. The National Corn Growers Association announced the …