Spring wheat acres top expectations
Brownfield Ag News11 minutes ago
The USDA sees an increase in spring wheat acreage. Farmers are expected to plant 11.335 million acres of non-durum spring wheat in 2024, above analysts’ expectations and 1% more than in 2023, with most of that hard red spring. Total wheat acreage is estimated at 47.498 million acres, 4% lower,...
Sorghum acres below last year
Brownfield Ag News27 minutes ago
Sorghum acreage is expected to be down this year. The USDA estimated sorghum planted area at 6.394 million acres, 11% less than 2023, but a little bit more than what producers planted in 2022. That year to year drop is largely due to declines in the top production states of...
Midday cash livestock markets
Brownfield Ag News27 minutes ago
Direct cash cattle trade has been slow to pick up. Bids have surfaced at $85 live in the South and $297 to $298 dressed in the North. That’s still quite a few dollars from current asking prices, which are around $186-plus live in the South and $300 to $302 dressed...
This Bausch Health Companies Unusually Active Option Is a No-Brainer
Barchart31 minutes ago
Bausch Health Companies had the 8th-highest Vol/OI ratio in Wednesday trading. The pharmaceutical company’s unusual options activity suggests it might have more gains ahead.
Corn Rallies Out of Reports
Barchart38 minutes ago
Corn futures shot higher after NASS released data near midday. Current prices are working at or near their highs for the day with double digit gains of as much as 17 ¼ cents. NASS data showed corn stocks were counted at 8.347 bbu as pf March 1st, including 5.079 bbu...
Beans Back to Mixed for Midday
Barchart38 minutes ago
Soybeans were fading into the reports, before rallying out of the release. Current quotes are back to mixed as the new crop futures are holding fractional to 4 cent gains and old crop prices are back to 2 cents in the red. Midday Soymeal futures are trading $2 in the...
Wheat Futures Up Double Digits
Barchart38 minutes ago
Midday wheat futures are gaining double digits for midday, with prices ~5 cents off their highs. Chicago is up by as much as 2.9% for midday. KC wheat is gaining 8 to 11 cents so far. Spring wheat futures were slow to join the rally with futures near their highs...