U.S. soybean futures rose to their highest in almost two years on Thursday to trade above the $11 mark as investors continued to price in strong export demand for U.S. soy in the face of a rain-reduced harvest in Argent
A weather pattern known as La Nina created drought conditions, and subsequent wildfires, across the U.S. Great Plains has faded, But its weather cousin, El Nino, may develop, according to the Climate Prediction Center.
Unless yields soar to never-before-seen highs, the United States this summer will certainly harvest the smallest corn crop in three years since the production volume may not be padded by a boost in plantings.
Kansas is currently has 81.77% of land classified as D1 Moderate by the U.S. Drought Monitor. The recent dry-spell has led Governor Jeff Colyer to declare a drought designation to aid farmers and ranchers.
Stubbornly record-high corn prices in Brazil, the world's No. 2 exporter of the grain, are compelling pork producers to slaughter sows they cannot afford to feed and poultry processors to close plants.
Despite struggling for most of 2015, U.S. pork exports posted a strong finish during December, ending a tough year on a high note. December export volume was up 3 percent from 2014. For the year, U.S. pork and pork vari
House and Senate negotiators have reached a deal on a 2018 farm bill. That agreement now awaits scoring from the Congressional Budget Office to make sure it meets fiscal constraints for farm bill funding.