The level of corn, soybeans and wheat placed under loan for the 2015 crop year continues to move higher as farmers utilize the low-cost financing option, according to data from USDA's Farm Service Agency (FSA).
Todd "Bubba" Horwitz says whenever there is bad news there is good news and that is learning how to play in the panic arena.
Corn ended 1 to 5 cents lower, with soybeans up 3 to 5 cents. SRW wheat was mixed, with HRW and HRS firmer. Live cattle were higher, with feeder cattle and hogs mixed.
Each week, your Pro Farmer Editors provide an update to the marketing plan, including whether or not now is a good time to catch up with advised sales.
Cool weather is currently slowing a return to fieldwork in the Midwest. Get more weather highlights.
On the first day, overall the wheat looked as good or better than expected. Almost all wheat was between late boot stage and early flowering stage.
Corn and soybeans ended the day 9 to 12 cents lower, with wheat down 9 to 19 cents. Livestock futures were firmer.
Corn is 8 to 10 cents lower, with soybeans down 4 to 11 cents. Wheat is posting double-digit losses. Live cattle are mostly firmer and feeders are mixed. Lean hogs are slightly higher.
The Purdue/CME Group Ag Economy Barometer is a new tool to determine producers' sentiment of the ag sector.
Fields remain too soggy in other areas of the Belt. Showers linger in eastern areas of the Midwest.
As of Thursday, May 5
Feels Like 47°