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Fencing Cattle Markets By:
11/21/2014 @ 4:00pm
As prices continue to climb higher, one has to wonder if cattle futures will ever find a top. Surely, there will be one. The trend remains firm on continued residual…
Wheat Markets: Looking for Direction Wheat Markets: Looking for Direction By: 11/21/2014 @ 3:53pm Wheat prices ended the prior week on a strong note, having had a strong rally throughout much of the week. But that…
Soybean Rally Continues, Closing 18¢ Higher Soybean Rally Continues, Closing 18¢ Higher By: 11/21/2014 @ 2:04pm Soybeans keep the rally going to close the week up 18¢. At the close, the December corn futures are trading 1/2…
MARKET EYE - News from the CBOT floor

Get up-to-the-minute reports and expert commentary direct from Mike McGinnis, our Bureau Chief at the Chicago Board of Trade.

Global, Macro Markets and Why Farmers Should Care By: 09/29/2014 @ 10:09am

It wasn't that long ago that being a trader on the floor meant you could have a certain expertise and rely on that for your career. Maybe it was…

  • Global warming could undermine poverty fight: World Bank - 11/23/2014 11:08 PM

    Climate change could undermine efforts to defeat extreme poverty around the globe, the World Bank warned Sunday. In a new report on the impact of global warming, the bank said sharp temperature rises would cut deeply into crop yields and water supplies in many areas and possibly set back efforts to bring populations out of poverty.

    Read more on Phys
  • Soil as a Living Thing - 11/23/2014 09:00 AM

    NAMPA • For more and more agricultural producers, feeding 9 billion people begins with feeding their soil. farmers planted a record 10 million acres to cover crops in 2013. Just 10 years ago, cover crops were seeded on just 1 million acres. Gabe Brown was one of the first farmers to make cover crops work on his farm near Bismarck, N.D.

    Read more on MagicValley.com
  • Ag Futures: Drivers Warm to Cheap Gasoline - 11/23/2014 08:00 AM

    With gasoline futures trading near $2.01 per gallon on Friday, nationwide prices at the pump (which include taxes, delivery costs and other expenses) are well under $3.00 per gallon in most parts of the country. Eventually, lower gasoline prices could stimulate more driving demand or encourage refineries to reduce production.

    Read more on MagicValley.com
  • Farmland Values Due for a Slight Decline - 11/23/2014 08:00 AM

    With crop prices at multiyear lows and interest rates expected to inch up over the next few years, a Purdue University agricultural economist believes the decade-long increase in farmland values might soon be over. “We are looking at about a 5 to 10 percent correction over each of the next three years,” he said.

    Read more on MagicValley.com
  • New Canola Hybrid has non-GM Resistance to SU Herbicide - 11/22/2014 06:09 PM

    Spring canola producers will have new tools to combat glyphosate-resistant weeds in 2015. Cibus Global and Rotam introduced last week a non-transgenic, sulfonylurea herbicide-resistant canola hybrid, plus complementary herbicide packages. A Game Changer The new hybrid adds a new mode of action in weed control for farmers who plant canola in rotation with glyphosate-tolerant crops, Voss says.

    Read more on Agriculture
  • EPA's announcement on RFS, "short term victory," ACE's Jennings says - 11/22/2014 04:30 PM

    EPA’s announcement that it will delay its final ruling on 2014 Renewable Volume Obligations (RVOs) for the Renewable Fuel Standard (RFS) until next year is “an important short term victory for the biofuels industry,” said Brian Jennings, executive vice president, American Coalition for Ethanol (https://ethanol.org/).

    Read more on Farmindustrynews
  • U.S. EPA Postpones Renewable Fuels Decision. - 11/22/2014 01:27 PM

    The battle between the Renewable Fuels industry and oil industry over how much ethanol must be blended has been brought to center stage by the U.S. government’s inability to set the RFS mandates.  The EPA has decided to postpone the 2014 standards for using renewable fuels which will set up fights in Congress and the courts over the Renewable Fuel Standards program that has been bitterly contested for nearly a decade.

    Read more on Farms
  • US dairy production to increase - 11/22/2014 06:00 AM

    US dairy production is set to increase by over 2% this year, with a further increase forecast for 2015, according to the latest United States Department of Agriculture Livestock, Dairy, and Poultry Outlook report. Eoin Kelly, Business Analyst, Bord Bia, said the report shows that the US dairy herd is set to total 9.26 million [ ] The post US dairy production to increase appeared first on Agriland.

    Read more on Agriland
  • E.P.A. Postpones Setting Standards for Biofuel Blends - 11/22/2014 12:58 AM

    The Environmental Protection Agency quietly announced on Friday that, after much delay, it had been unable to decide this year on a rule setting levels for the amount of biofuel it would require to be blended into conventional vehicle fuels. Because of the delay, a spokeswoman said in a statement, the agency will not take up the rule, known as the Renewable Fuel Standard, until next year, when it seeks to set levels for 2015 and 2016.

    Read more on The New York Times
  • ARC vs. PLC: Avoid Sign-Up Angst - 11/21/2014 10:43 PM

    This month kicks off training sessions for farm program choices in many states in the Corn Belt and Great Plains. The so-called election between agriculture risk coverage (ARC) and price loss coverage (PLC) is complicated enough. All you really should do this month is make a decision on re-allocating your base acres and updating yields, if you own the land you farm.

    Read more on Agriculture
  • USDA Delays Crop Insurance Yield Improvements - 11/21/2014 10:13 PM

    USDA's Risk Management Agency (RMA) is rolling out a number of new initiatives enacted by the 2014 Farm Bill. However, one key provision, the APH Yield Option, is being delayed until 2016, if RMA has its way. An Example To see how the option works, consider a wheat farmer who has a five-year actual yield of 45 bushels per year for four years and a recent qualifying zero yield.

    Read more on Agriculture
  • What's Next for the RFS? - 11/21/2014 09:57 PM

    Yet, leaders of two of the nation's largest ethanol lobbies expect the final blending mandate for 2014 to be slightly above the 13 billion gallon amount EPA originally proposed for 2014 a year ago. "The EPA announced that the RINs generated in 2012, which expire this year, can be used through 2015," he said.

    Read more on Agriculture
  • Wheat Markets: Looking for Direction - 11/21/2014 09:53 PM

    Wheat prices ended the prior week on a strong note, having had a strong rally throughout much of the week. Rains on mature wheat in both Brazil and Argentina are thought to have caused significant quality damage. Reproduction or rebroadcast of any portion of this information is strictly prohibited without written permission.

    Read more on Agriculture
  • Purdue ag economist: Livestock industry will have strong rebound - 11/21/2014 08:45 PM

    Livestock producers can look forward to an economic "mini-boom" that may last for the next several years, providing opportunities for expansion of herds and flocks, Purdue University agricultural economist Chris Hurt says. With record-high animal prices and now much lower feed prices, profit margins for the animal industries have risen to strongly favorable levels, Hurt said.

    Read more on Farmandranchguide
  • Adapting to the Shifting Urban Landscape - 11/21/2014 08:27 PM

    It's a bumper crop this year for Randy and Carol Miller, following two years of droughty weather on their Ankeny, Iowa, farm. "We had too much rain in a few of our fields this spring, but 2014 was a much better crop year," Randy says. The Millers farm with son Dennis, 24, on the northeast edge of Ankeny, where they grow corn and soybeans.

    Read more on Agriculture
  • Q & A: Tom Buis, Growth Energy CEO - 11/21/2014 08:17 PM

    Growth Energy's Chief Executive Officer is excited about the expansion of biofuels and hopes U.S. Tom Buis believes there's a modern American success story in the making: the ethanol industry. "We reduce our dependence on foreign oil, create jobs that can't be outsourced, improve air quality, and give consumers' savings at the pump," says Buis.

    Read more on Agriculture
  • Soybean Futures Prices End Week Higher. - 11/21/2014 08:10 PM

    soybeans closed at $10.39, up 18 and 1/2 cents Dec. gold closed at $1,197.70, up $6.80 Dow Jones Industrial Average: 17,810.06, up 91.06 points For more futures prices and charts click here http://www.farms.com/markets Soybeans were higher on fund and commercial buying. Unknown destinations bought 132,000 tons of 2014/15 U.S.

    Read more on Farms
  • Soybean Rally Continues, Closing 18 Higher - 11/21/2014 08:04 PM

    Soybeans keep the rally going to close the week up 18 . At the close, the December corn futures are trading 1/2 of a cent lower at $3.72 3/4 per bushel. January soybean futures are trading 18 1/2 cents higher at $10.39. "USDA reported net export sales for the week ending November 13 totaled 908,700 MT, which was more than 200,000 MT above the highest trade estimate," says Alan Brugler, market analyst.

    Read more on Agriculture
  • Glyphosate-treated Wheat: Claims vs. Facts - 11/21/2014 08:01 PM

    A recent blog post titled “The Real Reason why Wheat is Toxic (and it isnt gluten)” by the Healthy Home Economist has stirred a lot of conversations regarding glyphosate-treated wheat or better known as applying herbicides like Roundup to wheat prior to harvest. Think about it this way: No more than 22 ounces per acre mixed with three – 20 gallons of water (depending on application) can be applied pre-harvest.

    Read more on Texaswheat
  • Updated Web Wheat Atlas 3.0 Prioritizes User Experience - 11/21/2014 07:42 PM

    Posted in Global activities , Wheat research Improvements include a redesign of site structure and navigation By Julie Mollins. “Although the primary users are wheat scientists, we know from anecdotal evidence that donors and policymakers are also using it,” said Petr Kosina, who led the development and recent revamp of the interactive website.

    Read more on Cimmyt
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Soybeans Rally on Export Numbers
  • Floor Talk November 18 At the close: The December corn futures settled 5 1/2 cents lower at $3.72 per bushel.   January soybean futures finished 13 cents lower at…

  • Re: Downward Pressure For Corn? Hobby,   Oh, I got your point. It's well taken. But, I don't believe it will sit there and rot. I think that it will find its way to…

  • Re: Downward Pressure For Corn? Somebody will love to buy cheap corn, at some point in January and February. They will have to move it, at some price, to make room for the new (most…