Friday, February 24, 2017 8:45AM CST
In its first look at the 2017 major crops, USDA projects corn production to decline 7% and soybean production to decline 3% in 2017. USDA bumped up price estimates for both crops about a dime a bushel.
Thursday, February 23, 2017 2:53PM CST
Memos handed down by the Department of Homeland Security earlier this week make it easier for a person in the U.S. illegally to be deported. Tighter enforcement could hurt farmers who rely heavily on undocumented labor.
Thursday, February 23, 2017 2:46PM CST
While President James Polk had plenty of critics when he went to war with Mexico in the first half of the 19th century, his army occupied a good chunk of the far West by the time all the smoke cleared. Is it possible that President Donald Trump somehow envisions a similar risk/reward ratio as he flirts with a trade war in the near future?
May corn was fractionally higher, May soybeans were 3 cents higher, and July Kansas City wheat was 2 cents lower.
The cattle complex should open Friday morning moderately higher, supported by residual buying and positive fundamentals. Lean hog futures are likely to start out with mixed prices thanks to spillover selling and short-covering.