More details on Prop 12 farm bill fix coming
Brownfield Ag News7 minutes ago
The vice president of government and industry affairs at the Livestock Marketing Association says she’s looking forward to seeing how lawmakers address concerns about California’s Proposition 12 law in the new farm bill. Chelsea Good tells Brownfield “my understanding of the solution, and I think we might hear more about...
Farmers, airlines focus on the future of sustainable aviation fuel
Brownfield Ag News23 minutes ago
A biofuels director says the ag industry needs fewer restrictions in the next sustainable aviation fuel tax credit. Helena Jette with the Indiana Corn Marketing Council and the Indiana Soybean Council says the Treasury Department’s 40B tax credit was a good first step but misses the mark. “You’re going to...
2024’s Myriad Elections Could Bring New Risks for Equity Markets
CME Group47 minutes ago
2024 elections in the United States, Mexico, the UK, EU, India and other countries could bring new risks and opportunities to equity markets. More traders are turning to equity index options at CME Group to manage event risk.
Dropbox’s Unusually Active Call Is a Screaming Buy Before Today’s Q1 2024 Results
Barchart51 minutes ago
On Wednesday, Dropbox had an unusually active call option with a Vol/OI ratio of 17.27, putting it in the top 25. The call is a screaming buy, with Q1 2024 results out after today’s close. Here’s why.
Will World Sugar Futures Find a Bottom?
Barchart51 minutes ago
World sugar futures rose 2.69% in 2023 and were 9.43% higher in Q1 2024. In early Q2, the world sugar futures declined to below 20 cents per pound, the lowest price since early 2023. Given the price action in the other soft commodities, lower sugar prices could be a sweet opportunity.
Soybeans Threating to Pull Back Below $12
Barchart53 minutes ago
Soybeans are struggling on Thursday, as contracts are down 10 to 17 cents at midday, and November threating the slip below $12. Soymeal futures are down $3.90 to $4.10/ton. Soy Oil is also falling at midday, with triple digit losses of 121 points on Thursday. The dam has broken on...
Hogs Soft on Thursday
Barchart53 minutes ago
Lean hogs are posting midday weakness on Thursday, as contracts are down 52 to 92 cents. USDA’s National Average Base Hog negotiated price was down $3.62 in the Thursday morning report at $88.96. The CME Lean Hog Index was up 25 cents on May 7 at $91.28. Pork export sales...
Wheat Pulling Away From Highs, Still Holding Midday Gains
Barchart53 minutes ago
The wheat complex has pulled back from the double digit strength we was earlier in the session but is still higher at midday. Chicago contracts are up 2 to 6 cents so far on the day. Kansas City futures are up 6 to 7 cents at midday. MPLS spring wheat...
Cattle Feeling Weakness Again on Thursday
Barchart53 minutes ago
Live cattle are slipping lower at midday, with contracts mostly a tik to 52 cents lower. Cash trade has been slow to develop this week, with the Central Stockyards Fed Cattle Exchange selling 374 of the 1,890 head for an average of $185. Feeders are trading with midday losses of...
Hogs Soft on Thursday
Barchart53 minutes ago
Lean hogs are posting midday weakness on Thursday, as contracts are down 52 to 92 cents. USDA’s National Average Base Hog negotiated price was down $3.62 in the Thursday morning report at $88.96. The CME Lean Hog Index was up 25 cents on May 7 at $91.28. Pork export sales...
Wheat Pulling Away From Highs, Still Holding Midday Gains
Barchart53 minutes ago
The wheat complex has pulled back from the double digit strength we was earlier in the session but is still higher at midday. Chicago contracts are up 2 to 6 cents so far on the day. Kansas City futures are up 6 to 7 cents at midday. MPLS spring wheat...
Cattle Feeling Weakness Again on Thursday
Barchart53 minutes ago
Live cattle are slipping lower at midday, with contracts mostly a tik to 52 cents lower. Cash trade has been slow to develop this week, with the Central Stockyards Fed Cattle Exchange selling 374 of the 1,890 head for an average of $185. Feeders are trading with midday losses of...