Market News
Dollar Retreats as Bond Yields Fall and Stocks Rally
Barchart13 minutes ago
The dollar index (DXY00 ) Tuesday fell to a 1-week low and finished down by -0.37%. The dollar was under pressure from strength in the euro after Tuesday’s news showed the Eurozone Apr S&P composite PMI expanded by the most in 11 months. Strength in stocks Tuesday also curbed liquidity...
550 Wagyu sees Indiana Grown success
Brownfield Ag News28 minutes ago
A lifelong beef producer says Wagyu is helping her family’s business stand apart from other direct-to-consumer farms. Elizabeth Stonecipher says she and her husband grew up raising Angus cattle, but a new business concept was born after trying Wagyu beef at a family dinner party. “Most of our feeder calves...
Michigan cash rental rates +2%
Brownfield Ag News29 minutes ago
An extension educator says cash rental rates increased slightly during 2023 reflecting higher farmland values. Farm Business Management Educator Jon LaPorte with Michigan State University Extension tells Brownfield the trend in Michigan is similar to other midwestern states. “Even though there may be different levels of productivity, we all still...
Crude Settles Higher as the Dollar Weakens and Stocks Rally
Barchart30 minutes ago
June WTI crude oil (CLM24 ) on Tuesday closed up +1.46 (+1.78%), and May RBOB gasoline (RBK24 ) closed up +3.81 (+1.43%). Crude and gasoline prices Tuesday settled moderately higher. A weaker dollar Tuesday was bullish for energy prices. Also, Tuesday's strength in stocks bolstered optimism in the economic outlook...
Nat-Gas Prices Underpinned by Forecasts for Warm Temps
Barchart32 minutes ago
May Nymex natural gas (NGK24 ) on Tuesday closed up by +0.021 (+1.17%). May nat gas prices Tuesday moved moderately higher for a second session and posted a 1-1/2 week high. Nat-gas prices are underpinned by the outlook for warmer US temperatures that could boost nat-gas demand from electricity providers...
No HPAI cases reported in Iowa’s dairy cattle, Naig says
Brownfield Ag News45 minutes ago
Iowa Ag Secretary Mike Naig says the recent cases of highly pathogenic avian influenza in dairy cattle is an evolving situation. “I think it’s important that we continue to stick to the facts. What do we know? What are the remaining questions to answer? And there certainly are things like...
Classic Ingredients For A Severe Weather Outbreak | Weather.com
Weather Channel58 minutes ago
Classic Ingredients For A Severe Weather Outbreak | Weather.com
Growth Energy touts benefits of biofuels, year-round E15 at Des Moines Earth Day event
Brownfield Ag News1 hour ago
A biofuels expert says the EPA’s emergency waiver allowing sales of E15 fuel blends this summer provides certainty for retailers. Jake Comer, vice president of market development for Growth Energy, says regulatory certainty was needed for locations that have made significant fuel infrastructure investments. “If you were to total up...
2 'Strong Buy' Cannabis Stocks Set to Gain on Spending Bill Maneuvers
Barchart1 hour ago
The U.S. cannabis market could be on the cusp of a critical growth catalyst, presenting ripe investment opportunities for those ready to navigate its unique risks.
Bittersweet start to planting
Brownfield Ag News1 hour ago
A Michigan young farmer says this planting season will be a new beginning for his family. Fourth-generation farmer John Bowsky tells Brownfield his father passed away last year after a long battle with cancer. “The fall harvest last fall was flying solo for myself and the family, and then this...
Early soybean planting more than a fad
Brownfield Ag News1 hour ago
An agronomist says he’s continuing to see farmers prioritizing planting soybeans ahead of corn. Brendan Bachmann, director of FS agronomy at GROWMARK, tells Brownfield… “We have some pockets that planted straight for seven days.” He says, “You know these early planting dates on soybeans, seed treatments and all the data...
Roadway safety tips for farmers, motorists during planting season
Brownfield Ag News1 hour ago
A public safety organization is reminding motorists to proceed with caution along roadways with planting season in full swing. Tim Hull, executive director of Missouri Operation Lifesaver, says drivers need to be aware of slow-moving farm equipment. “It’s wider than some of the other equipment on the road and vehicles...
Sugar Prices Close Higher on Strength in the Brazilian Real
Barchart1 hour ago
May NY world sugar #11 (SBK24 ) on Tuesday closed up +0.11 (+0.56%), and Aug London ICE white sugar #5 (SWQ24 ) closed up +2.80 (+0.49%). Sugar prices on Tuesday settled moderately higher. Sugar prices found support from a rally in the Brazilian real (^USDBRL ) to a 1-week high...
Cocoa Plunges as Prices Correct Lower from Record Highs
Barchart1 hour ago
May ICE NY cocoa (CCK24 ) on Tuesday closed down -582 (-5.21%), and May ICE London cocoa #7 (CAK24 ) closed down -482 (-4.85%). Cocoa prices fell sharply for a second session on Tuesday as the market corrected lower from the recent rally to all-time highs. Cocoa prices have seen...
Arabica Coffee Posts Moderate Losses as ICE-Monitored Inventories Recover
Barchart1 hour ago
July arabica coffee (KCN24 ) on Tuesday closed down -5.80 (-2.55%), and May ICE robusta coffee (RMK24 ) closed up +98 (+2.37%). Coffee prices on Tuesday settled mixed, with Arabica falling to a 1-week low. Arabica coffee prices fell as ICE-monitored arabica coffee inventories Tuesday recovered to an 11-1/4 month...