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Heat seemed to be the focus of the markets this week. Two veteran market analysts say if this heat continues, and drought becomes an even larger concern, commodities could see a violent run-up in prices.
Even with the partial ban by the European Union, one industry expert says it’s possible diesel prices will see a slight reprieve in the coming weeks; however, it won’t come in the form of dollars.
The White House is considering waiving U.S. gasoline environmental rules aimed at reducing summertime smog, hoping the waiver will combat rising pump prices, Reuters reported.
U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.
Despite signs Russian President Vladimir Putin may be ready to talk with representatives from Ukraine, Cargill confirmed a ship it chartered was hit in the Black Sea on Thursday. The vessel was empty at the time.
The Russia-Ukraine crisis sent wheat prices skyrocketing 50 cents higher, with corn up 30 cents at one point Thursday. Crude oil also soared above $100 per barrel, hitting the highest level since 2014.
On Monday the People’s Bank of China also announced a 0.1 percentage point cut to two of its key policy rates. It acted after GDP grew by more than 8% in 2021, but slowed down in the fourth quarter.
Cyber criminals struck the agricultural industry once more. This time, a dairy processing company in Wisconsin. Senators Grassley and Ernst take the Floor while Resilience’s Davis Hake talks insurance.
A full-page ad in the New York Times this week sparked a nationwide question: Is the food supply chain actually breaking? Agricultural economists disagree.
China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies.
Possible tax changes on the table in Washington are causing angst in agriculture. Secretary Vilsack says the proposed changes won’t impact 98% of family farms, but another analysis contradicts those claims.
Dr. Pat Westhoff joins AgriTalk’s Chip Flory to share his spin on the latest trends in crop markets, livestock outlooks and projections for net farm income.
Paul Neiffer says one of the biggest benefits in the House’s proposed plan is farmers won’t be hit with increased taxes at death, as the transfer tax is no longer included and the full step-up in basis remains.
It’s no wonder Michael Smith wasn’t comfortable with pursuing a career in agriculture when he started college at Lincoln University in Jefferson City, Mo.
New WHIP+ legislation made its way out of the House Agriculture Committee Tuesday. The $8.5B bill expands not only the type of weather events and resulted losses covered, but also the level of drought needed to qualify.
CoBank says challenges brought on by COVID-19 will speed up automation throughout many sectors of the supply chain. Here’s a deeper look at the animal protein industries in CoBank’s latest report.
President Biden is tackling anti-competitive issues in the U.S. with a new Executive Order. Signed Friday at the White House, the order could have a sweeping impact on agriculture.
The world’s largest meat producer was the latest victim of a cyberattack. And as the food chain relies more on automation and less on manual labor, cyberattacks may be a rising risk for the food chain.
Cargill’s CEO says the company is in the middle of a major shakeup as it says consumers will continue to demand more plant-based protein products.
Inflation concerns are heating up as fresh data from the Labor Department shows U.S. consumer prices have risen more than 4% over the past year, marking the sharpest increase since 2008.
Restaurants closing early. Sign after sign plastered along roadsides with businesses looking for help. The hiring issue is crippling everything from manufacturing to the restaurant industry today.
A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it’s not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.
There is growing concern crops being harvested will make it to market. The problem stems from a lack of truck drivers as COVID-19 concerns and high unemployment benefits are impacting the available workforce.
A Farm Journal Pulse Poll reveals what farmers think about Biden’s goal to cut greenhouse gas emissions 50% by 2030.
Plastic-based products and materials are in short supply as rising costs also deliver sticker shock on many farm supply products. From demand to production shortages at plants, the problem first popped up last summer.
Global commodity prices are expected to stay firm around current levels in 2021 after recovering in the first quarter buoyed by strong economic growth, the World Bank said on Tuesday.
The western half of the country continues to see little moisture, and after a year of record government payments to agriculture, farm groups fear financial assistance this year will be tough to get passed in Washington.
As the 2021 bull market continues, it’s leading to a growing level of optimism from farmers. The latest Ag Economy Barometer from Purdue University/CME group shows farmer sentiments rose to 177 this month.
Farmers for Free Trade wants to see a full implementation of the Phase One trade agreement. A year into the deal, there are still accountability and compliance issues with China.
Why don’t we finish goals? Jon Acuff, best-selling author and motivational speaker, says we often focus on the wrong thing when we talk about our goals. Here’s what he says it takes to finish the goals that matter.