Market News
A look at how the hurricane forecast cone will be different in 2024
Fox WeatherWed Apr 24, 10:10PM CDT
One of the most well-known products used by the National Hurricane Center will look different in 2024 with the intention of better communicating a cyclone’s wide-ranging threats as well as taking into account previous forecasting errors.The cyclone cone, which is a product from a series of forecast circles, is annually...
3 Dividend Aristocrats to Buy on Every Dip
BarchartWed Apr 24, 6:30PM CDT
As markets get wobbly, here are three Dividend Aristocrats to add a little stability to any portfolio.
AgDay Markets Now: Darin Newsom Says Wheat Ends Higher but Grain Rally May be Losing Steam
AgWebWed Apr 24, 5:34PM CDT
Will Wheat, Soybean, and Corn Prices Continue to Rally? Or is This Just Short Covering?
BarchartWed Apr 24, 5:06PM CDT
I discussed the recent action in the wheat, soybean, and corn markets on AgWeb's Market's Now with Michelle Rook today. We also talked about the cattle markets and gold.
CME milk, cash dairy down again Wednesday
Brownfield Ag NewsWed Apr 24, 4:58PM CDT
Milk futures and cash dairy prices were lower again Wednesday on the Chicago Mercantile Exchange. May Class III milk was down $0.35 at $17.78. June was down $0.31 at $17.91. July was down $0.23 at $18.31. August was down $0.23 at $18.52. September through November contracts ranged from thirteen cents...
Corn Closes Red Following Drop to Ethanol Production
BarchartWed Apr 24, 4:54PM CDT
Corn futures extended the front month losses into the close, as contracts through Dec were down 2 to 5 ¼ cents. For 2025 contracts and beyond, trade closed with contracts with in 1 ¾ cents on either side of unchanged. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels...
Wheat Extending Bull Run
BarchartWed Apr 24, 4:54PM CDT
The wheat complex is continuing to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring wheat futures were 9 ¼ to 13 ¼ cents higher...
Hogs Close Mostly Lower, USDA Shows Slight Build to Pork Stocks
BarchartWed Apr 24, 4:54PM CDT
Lean hogs closed the midweek session with contracts a dime to $1.22 lower, as August was the lone exception, up a nickel. USDA’s National Average Base Hog negotiated price was down 36 cents on Wednesday afternoon, at $91.49. The CME Lean Hog Index was up 14 cents on April 22...
Cattle Back to Retreat Mode on H5N1 Virus News
BarchartWed Apr 24, 4:54PM CDT
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. This morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up today at $182,...
Cotton Posts Midweek Losses
BarchartWed Apr 24, 4:54PM CDT
Cotton futures were down anywhere from 39 to 187 points on Wednesday. The outside market influences put pressure on the market, with crude oil down 54 cents/barrel and the UD dollar index up 160 points. Export Sales data will be released on Thursday morning. ICE certified cotton stocks were up...
Soybeans Falter to Weakness on Wednesday
BarchartWed Apr 24, 4:54PM CDT
Soybeans faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some strength on the day, with contracts 80 cents to $3.70/ton higher. Soy Oil was back down to close with...
Atlantic tropical disturbance being tracked with hurricane season over a month away
Fox WeatherWed Apr 24, 4:34PM CDT
MIAMI – More than 30 days out from the official start of the Atlantic hurricane season, the National Hurricane Center is tracking the first feature of the year. However, like many off-season developments, it will likely just be a meteorological wonder.The NHC gave the area of low pressure, which is...
52-Week Highs and Lows: Buy These 3 Stocks From Wednesday’s Good News/Bad News Kind of Day
BarchartWed Apr 24, 3:56PM CDT
The NYSE and Nasdaq had 75 52-week highs and 109 52-week lows. The good news is that the NYSE had more highs than lows on Wednesday, while the Nasdaq did not.
Be mindful of the July corn futures “summer high”
Brownfield Ag NewsWed Apr 24, 3:54PM CDT
A market analyst reminds farmers there could be marketing opportunities ahead for July corn futures. Naomi Blohm, senior market advisor at Total Farm Marketing, tells Brownfield fifteen of the past 24 years the “summer high” has come in June. “Sometimes the high occurs early in June, sometimes it’s in conjunction...
Are farmers protected from PFAS?
Brownfield Ag NewsWed Apr 24, 3:54PM CDT
A lawyer says the Environmental Protection Agency’s recent classification of two forever chemicals as hazardous substances could have a significant impact on the agricultural industry. Minneapolis-based Stoel Rives Environmental Partner Thomas Braun tells Brownfield farmers and agribusinesses could be held responsible for potential perfluorooctanoic acid (PFOA) and perfluorooctane sulfonate (PFOS)...