Lower Fertilizer Prices Persist
DTN writer Russ Quinn reported last week that, "Retail fertilizer prices tracked by DTN for the second full week of March 2023 continue to show lower levels. This trend has…
Following Black Sea Grain Deal Extension, Wheat Falls, as WSJ Highlights Soybean Oil Variables
Bloomberg writer Keira Wright reported today that, "Wheat dropped following the renewal of an agreement that allows Ukraine to safely export grains out of key Black Sea ports, although the…
Two Month Trend of Lower Fertilizer Prices Continues
DTN writer Russ Quinn reported last week that, "Retail fertilizer prices continue on their path lower, according to prices tracked by DTN for the first full week of March 2023…
ERS: “Drought Conditions Have Contributed to Lower U.S. Beef Cow Inventory”
In its monthly Livestock, Dairy, and Poultry Outlook report earlier this week, the USDA's Economic Research Service (ERS) indicated that, "Changes in beef cow inventory are related to the current…
Food Prices Rose 0.4% in February, While Eggs Dropped 6.7%- But Eggs Still 55% Higher Than Last Year
Gabriel T. Rubin and Nick Timiraos reported on the front page of Wednesday's Wall Street Journal that, "Inflation eased in February but remained stubbornly high, presenting a challenge for the Federal…
Fertilizer and Diesel Prices Continue To Decline
DTN writer Russ Quinn reported last week that, "Retail fertilizer prices tracked by DTN for the last week of February 2023 continue to move lower. This trend has been in…
Kansas City Fed: “Signs of Softening” in Farmland Values, as Interest Rates Climb
In an update last week from the Federal Reserve Bank of Kansas City, "Growth in Farmland Values Slows Amid Higher Interest Rates," Cortney Cowley and Ty Kreitman indicated that, "Farm real…
Federal Reserve: Observations on the Ag Economy- February 2023
On Wednesday, the Federal Reserve Board released its February 2023 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations…
Argentina Soybean, Corn Production Estimates Lowered, as “Country’s Key Agricultural Region Battles Ongoing Drought”
In its monthly Oilseeds: World Markets and Trade report yesterday, the USDA's Foreign Agricultural Service (FAS) indicated that, "For the third straight month, 2022/23 Argentina soybean production is lowered as…
Fertilizer Prices Continue to Fall
DTN writer Russ Quinn reported last week that, "Retail fertilizer prices continue their march lower, according to prices tracked by DTN for the third full week of February 2023."
The FAO Food Price Index Drops in February, For the Eleventh Consecutive Month
Bloomberg writer Agnieszka de Sousa reported today that, "Global food costs edged down again, extending their retreat to the lowest in 17 months, although consumers continue to feel the pinch…
Crop Insurance Guarantee: $5.91 for Corn and $13.76 for Soybeans
Reuters writer Julie Ingwersen reported yesterday that, "Crop insurance policies that guarantee prices for the 2023 growing season are the highest since 2011 for corn and the second-highest on record…
Wheat Futures Lowest Since September 2021, “Optimism” on Renewal of Black Sea Grain Deal
Bloomberg writer Tatiana Freitas reported yesterday that, "Wheat futures declined to the lowest in 17 months amid ample near-term supplies."
Wholesale Fertilizer Prices “Tumble,” Bloomberg
Bloomberg writers Kim Chipman and Elizabeth Elkin reported on Friday that, "Corn farmers stung by soaring fertilizer costs in the aftermath of Ukraine’s invasion are poised for further relief as…
The 2023 Outlook for U.S. Agriculture From USDA’s Chief Economist
Speaking on Thursday at USDA’s Agricultural Outlook Forum, USDA Chief Economist Seth Meyer provided a broad outlook for U.S. agriculture. Today’s update provides an overview of key aspects of Dr…
Kansas City Fed- Nonirrigated Farmland Values Up About 9%; Minneapolis Fed- Nonirrigated Cropland 18% Higher
Last week, the Federal Reserve Banks of Kansas City and Minneapolis released updates regarding farm income, farmland values and agricultural credit conditions. Today's update contains highlights from the Fed reports.
DTN: Nitrogen Fertilizer Prices Lower; Bloomberg: Relying on International Fertilizer Supplies, a Growing Concern
Logan Garcia, Market Reporter -- at Fertecon, S and P Global Commodity Insights, reported last week at DTN that, "January began a reset across the nitrogen complex with anhydrous ammonia,…
Farms and Land in Farms, Highlights From a Recent NASS Report
On Friday, the USDA's National Agricultural Statistics Service (NASS) released its annual Farms and Land in Farms report.
USDA Agricultural Projections to 2032- Focus on Corn, Soybeans
On Wednesday, the U.S. Department of Agriculture released its 10-year projections for the food and agricultural sector.
Food Prices Increased 0.5% in January, Up 10.1% From Year Ago- Egg Prices Climb 8.5% in January
Wall Street Journal writer Gwynn Guilford reported on the front page of today's Wall Street Journal that, "Still-elevated inflation cooled slightly at the start of 2023 to 6.4% in January…