USDA delayed the release of a quarterly trade report on Friday and removed the typical written analysis with it because of concerns from officials that it was not as positive as anticipated.
Be aware of what the contracts are legally allowed to do, and how that could affect your commodity assets.
Seven of the eight major fertilizers were higher compared to last month. Two fertilizers (urea and UAN28) had a sizable price increase compared to last month for the third consecutive week. DTN designates a significant move as anything 5% or more.
Drought continues to affect U.S. pasture conditions with 33% rated very poor to poor, compared to 19% last year. Nebraska and Montana face the worst conditions among top beef states, while Missouri and Kentucky enjoy excellent pasture quality, thanks to ample rainfall.
The cut to Conservation Technical Assistance is just one of nearly $7 billion in budget cuts USDA has proposed, but cutting technical assistance would create a ripple effect across USDA's broader conservation programs.
Nationwide, corn was 93% planted, and the crop was rated 69% in good-to-excellent condition as of Sunday, June 1. Soybean planting reached 84% complete with the crop rated 67% in good-to-excellent condition. Winter wheat conditions were rated 52% good-to-excellent and spring wheat conditions were rated 50% good-to-excellent, according to USDA NASS' weekly Crop Progress report released on Monday.
After a decision to build a new rail line was vacated in 2023, the Supreme Court ruled in favor of the 2021 Surface Transportation Board decision.
The lion's share of debate in the budget reconciliation package will continue to focus on Medicaid and Supplemental Nutrition Assistance Program (SNAP) cuts, as well as individual tax provisions, but farmers have a lot at stake with the bill's extensive farm bill provisions as well.
KIOTI's pair of new utility tractors have 35 horsepower more than its previous biggest tractors. The HX1302 and HX1402 feature semi-powershift transmissions and four-cylinder KIOTI diesel engines.
Average retail prices for seven of the eight major fertilizers were higher compared to last month, while the price of one fertilizer, anhydrous, was down slightly. This was the first time in 12 weeks that prices for all eight fertilizers weren't higher. The price of urea, UAN28 and UAN32 increased significantly from last month for the third consecutive week.
