Market News
Interest rate cuts unlikely, economist says
Brownfield Ag News11 minutes ago
An ag economist says higher interest rates are one of the biggest risks facing the ag industry. Dennis Shields is the chief economist for the Farm Credit Administration. “For the ag industry in particular, these elevated interest rates push up production costs and especially those with variable rates.” He tells...
Dollar Moves Higher as T-Note Yields Jump and Stocks Falter
Barchart36 minutes ago
The dollar index (DXY00 ) today rebounded from a 1-1/2 week low and is slightly higher. The dollar saw support today after bond yields jumped when today’s US economic news showed signs of persistent inflation and labor market strength, hawkish factors for Fed policy. Also, today’s slump in stocks has...
Favorable short-term weather outlook for Delta region
Brownfield Ag News43 minutes ago
An atmospheric scientist says short-term weather outlooks show increased chances of precipitation across the Delta region. Matt Makens tells Brownfield it could also bring some severe storm systems. “We could get a system that douses that region tropical wise,” he said. “But if you take that element out – let’s...
Wheat Futures Hit 4-Star Resistance Overnight
AgWeb53 minutes ago
Naig recaps 2024 Iowa Legislative Session
Brownfield Ag News59 minutes ago
Iowa’s 2024 legislative session has ended and state ag secretary Mike Naig says a number of agricultural priorities were supported. “A continued investment in sustained efforts around water quality and soil conservation. We had asked for an increase and received that in our foreign animal disease work. We had asked...
Stocks Tumble on Tech Stock Weakness and Signs of Persistent Inflation
Barchart1 hour ago
The S&P 500 Index ($SPX ) (SPY ) this morning is down -1.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.83%. US stock indexes this morning are sharply lower, led by weakness in technology...
Chart of the Day: Antero Resources - Very Mixed Views
Barchart1 hour ago
The Chart of the Day belongs to the oil & gas company Antero Resources (AR) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...
1 Overlooked Small-Cap Stock With 58% Upside Potential
BarchartThu Apr 25, 8:09AM CDT
This small-cap stock just beat and raised on earnings, and it's trading at a steep discount to historical multiples. Here's a closer look at this tech sector standout.
Milk is safe to drink
Brownfield Ag NewsThu Apr 25, 7:38AM CDT
The US Food and Drug Administration reported this week that viral fragments of the highly pathogenic avian influenza have been found in pasteurized milk. Ag Secretary Tom Vilsack says the milk supply remains safe. AUDIO: Healthy Living on milk supply ...
Soybeans Slipped Lower on Wednesday, Continues Similar Attitude This Morning
BarchartThu Apr 25, 7:31AM CDT
Soybeans are trading 4 to 6 cents lower following the overnight trade. They faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some gains, with contracts 80 cents to $3.70/ton...
Cattle Look to Thursday Trade Following Midweek Drop on H5N1 Virus News
BarchartThu Apr 25, 7:31AM CDT
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. Yesterday morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up on Wednesday at...
USDA Shows Slight Build to Pork Stocks
BarchartThu Apr 25, 7:31AM CDT
Lean hogs closed the midweek session with contracts a dime to $1.22 lower, as August was the lone exception, up a nickel. USDA’s National Average Base Hog negotiated price was down 36 cents on Wednesday afternoon, at $91.49. The CME Lean Hog Index was up 14 cents on April 22...
Wheat Continuing Trend Higher to Start Thursday
BarchartThu Apr 25, 7:31AM CDT
The wheat complex is posting sightly higher after a round of overnight trade. Wheat continues to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring...
Cotton Posing Thursday Morning Gains
BarchartThu Apr 25, 7:31AM CDT
Cotton futures are 8 to 15 points higher this morning. They were down anywhere from 39 to 187 points on Wednesday. The outside market influences were there, with crude oil down 54 cents/barrel and the US dollar index up 160 points. Export Sales data will be released later this morning,...