Farmer: Price outlook “pretty bleak”

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The price of commodities is an overarching concern among growers. Wayne Fredericks is president-elect of the Iowa Soybean Association and a director on the board of the American Soybean Association. He says the price outlook is pretty bleak, “The outlook at the moment is down, although we’ve seen a really good rally in soybeans the last… Read more »

FAPRI says 2014 has been interesting year

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The director of the University of Missouri’s Food and Agricultural Policy Institute (FAPRI) says it’s been an interesting year – with record corn and soybean crops that have caused major changes in agricultural markets, “Prices that were ready well off of the drought level peaks of 2012 have now come down to almost half of… Read more »

Soybean price better than expected

Soybean prices are down a lot from a few years ago but American Soybean Association chairman Danny Murphy likes the current upward trend… “I guess it’s really been surprising at the strength the market’s shown. Probably six weeks ago, we were at about 9-and-a-half or so and really thought beans would be 8-and-a-half but today… Read more »

A return to ‘old-style’ crop marketing

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Chad Hart, crop markets specialist with Iowa State University, foresees a more traditional grain pricing pattern over the next few years, with market lows at harvest and market highs in the spring. “That more traditional pricing pattern that we used to experience—say 5, 6, 7 years ago—before the biofuel boom took us to the record… Read more »

A return to ‘old-style’ crop marketing

After a nice run of profitability in recent years, grain and soybean farmers now face what could be an extended period of grain prices that are at or near breakeven. Chad Hart, crop markets specialist with Iowa State University, foresees a more traditional pricing pattern over the next few years, with market lows at harvest… Read more »

CME leader says youth critical to ag’s future

The chairman and president of the CME Group in Chicago came to the Illinois State Fair last week to show his support of county and state fairs and ag youth.  Terry Duffy said, “I’m very passionate about agriculture and the future of it because I don’t see too many businesses out there that have the… Read more »

Commodity prices could trigger payments

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The forecasts for a bountiful U.S. corn crop and increased corn stocks could potentially trigger subsidy payments for farmers this year.  Pat Westhoff, with the Food and Agricultural Policy Research Institute (FAPRI-MU), says prices might trigger payments under the two programs in the new Farm Bill.  Westhoff tells Brownfield Ag News, “If we were to… Read more »

PEDv and hog futures

Uncertainty surrounding total swine herd losses to the Porcine Epidemic Diarrhea virus has lean hog futures for spring and summer contracts at record-high levels. Purdue ag economist Chris Hurt says the industry doesn’t know how big those losses are just yet.  “We think the winter months are the months that we have the largest death… Read more »

CFTC files civil suit in MF Global case

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The US Commodity Futures Trading Commission filed a civil lawsuit against Jon Corzine for his role in the collapse of MF Global today.  According to the Wall Street Journal, Corzine and another former executive at the firm have been charged with the unlawful misuse of nearly $1 billion in customer funds. MF Global’s 2011 collapse led… Read more »