Market News
USDA February ag prices indices up from January
Brownfield Ag News6 minutes ago
The USDA’s February ag price indices were up from January. The index of prices received by farmers was up 7.1% on the month due to gains in cattle, hogs, market eggs, and lettuce, which canceled out losses in corn, soybeans, wheat, and broilers. The dairy index was up 2.5% from...
New U of I Alma Mater plots updating ag research
Brownfield Ag News22 minutes ago
The University of Illinois has broken ground on a new 55-acre living lab that allows for modern ag research. Andrew Margenot is an associate professor of soil science… “To preserve the long-term nature of the Morrow Plots, we’ve kept treatments more or less similar, but agriculture has advanced and one...
Michigan specialty crop ratings slide
Brownfield Ag News22 minutes ago
National ratings for nearly 20 commodities in Michigan dropped in the latest ag census. “The rankings are really important and they also only tell part of the story.” Michigan State University’s Department of Agricultural, Food, and Resource Economics assistant professor Molly Sears focuses on specialty crop economics and tells Brownfield...
Farm Bureau says USDA needs solar recommendations for farmland
Brownfield Ag News22 minutes ago
A policy specialist with the American Farm Bureau Federation says the organization wants USDA to outline solar development best practices for ag lands. Arica Hamilton tells Brownfield, “One part of a AFBF policy is to try and push solar developments to brownfield or conservation sites, trying to keep it off...
Soil moisture improvement has a Kansas farmer optimistic
Brownfield Ag News22 minutes ago
Precipitation is always a concern for a north-central Kansas farmer. But Michael Junek tells Brownfield he’s optimistic about the year ahead. “We got a little bit of snow and sleet here the other day,” he says. “But some of our ponds are looking better, and there’s decent soil moisture down...
Dollar Gains on Hawkish Waller Comments and Strong US Economic Reports
Barchart30 minutes ago
The dollar index (DXY00 ) on Thursday climbed to a 6-week high and finished up by +0.20%. Hawkish comments Wednesday night from Fed Governor Waller boosted the dollar when he said there’s “no rush” for the Fed to ease monetary policy. The dollar extended its gains on Thursday’s mostly better-than-expected...
Crude Rallies on Stronger-Than-Expected US Economic Reports
Barchart36 minutes ago
May WTI crude oil (CLK24 ) on Thursday closed up +1.82 (+2.24%), and May RBOB gasoline (RBK24 ) closed up +4.87 (+1.82%). Crude and gasoline prices Thursday settled moderately higher, with crude posting a 1-week high. Thursday's stronger-than-expected US economic reports signaled strength in the economy that was bullish for...
U.S. hog inventory slightly higher
Brownfield Ag News38 minutes ago
The March 1st, 2024 hog inventory was up modestly on the year. The USDA says the U.S. hog and pig inventory was 74.571 million head, 2% lower than on December 1st, 2023, but 1% higher than March 1st, 2023, a little bit larger than analysts’ expectations. That year-to-year increase can...
Nat-Gas Prices Rebound as Weekly EIA Inventories Fall More Than Expected
Barchart39 minutes ago
May Nymex natural gas (NGK24 ) on Thursday closed up by +0.070 (-3.91%). May nat gas prices on Thursday recovered from a contract low and rallied moderately after weekly EIA nat-gas inventories fell more than expected. The EIA reported nat-gas supplies fell -36 bcf last week, a larger draw than...
US Marine among 2 swept out to sea during treacherous beach conditions in Puerto Rico
Fox Weather48 minutes ago
SAN JUAN, Puerto Rico – Dangerous surf and rip currents around Puerto Rico have led to two people getting swept out to sea, including a U.S. Marine.The U.S. Coast Guard said search efforts are still ongoing for 26-year-old Samuel Wanjiru, a U.S. Marine resident of Massachusetts, who went missing in...
Agronomist says farmers remain cautious about crop spending
Brownfield Ag News1 hour ago
An agronomist says farmers are being careful about their crop investments. Travis Hofslien from Alcivia Cooperative tells Brownfield with margins tight and commodity prices low, farmers are relying on soil testing to make sure they’re not wasting money on fertility inputs. “There are definitely years to build up your fertility...
CME milk futures lower, cash dairy steady to higher Thursday
Brownfield Ag News1 hour ago
Milk futures were lower and the cash dairy markets were steady to higher Thursday on the Chicago Mercantile Exchange. April Class III milk was down $0.08 at $15.56. May was down $0.09 at $15.96. June was down $0.13 at $16.64. July was down $0.13 at $17.39. August through February contracts...
Here's How High Wall Street Thinks Netflix Stock Can Rise
Barchart1 hour ago
With the streaming giant up 24% this year already, is there more upside left for NFLX shares? Here's why one analyst recently hiked their price target, and Wall Street's biggest NFLX bull recently tempered their view.