Jerry Gulke: Will High Prices Cause Demand Destruction or Demand Reduction?
Wow. This week saw corn prices top $6 and soybean prices top $15. July corn prices were up 61.25¢ and July soybean prices were up 94.25¢, for the week ending April 23. July wheat prices were up 59.50¢.
Markets Now with Tyne Morgan: Is Explosive Market Action a Hint of Extreme Volatility Yet to Come?
Commodity markets continued its explosive run this week. The July corn contract ended the week more than 58 cents higher and soybeans ended the week nearly $1 higher.
Brazil just keeps breaking records. For 2020/21 the country’s soybean production is forecast at a record 4.98 billion bushels, which is up 8.6% from last season’s record crop.
The tide has finally turned. After seven years of depressed commodity prices, crop farmers are now staring at financial opportunities versus financial challenges.
Glyphosate, Glufosinate Prices Up 50% in Some Cases Due to Industry-Wide Shortage
Retailers are now facing tight supplies of popular herbicides like glyphosate and glufosinate, which could make it tougher for many farmers to fight weeds this season.
Cattle and hog feeding operations are experiencing the highest market prices since before the pandemic began more than a year ago. Hog margins were positive for the 11th consecutive week.
