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Cattle futures boosted by spot market strength Monday

Fine planting weather depressed corn futures again Monday. The grain industry expects today’s USDA Crop Progress report to indicate a major surge in corn plantings last week and thinks that will continue through this week as well. Not only does the quick planting rate imply relatively high yields if summer conditions are ‘normal,’ farmers typically plant more corn in such circumstances. Persistent futures losses reflect those ideas. July corn futures settled 1.75 cents lower at $3.6125/bushel Monday, while December lost 2.5 to $3.7775.

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Lawmakers need push to approve Trade Promotion Authority

The Senate and House are poised to consider Trade Promotion Authority (TPA) legislation, which last week passed through committees in both houses of Congress, and NPPC is at the forefront of efforts to get lawmakers to support it. TPA defines U.S. negotiating objectives and priorities for trade agreements and establishes consultation and notification requirements for the president to follow throughout the negotiation process.

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Netflix to stream "Farmland"

Academy Award-winning filmmaker James Moll’s feature-length documentary, FARMLAND, is now available for streaming on Netflix.com. With 57 million subscribers worldwide, Netflix is considered a premium destination for documentaries and is an opportunity to extend the reach of FARMLAND across the U.S. and into Canada.

Markets

Wheat, corn futures dip Monday at midday

Fine planting weather is again depressing corn futures. The industry expects today’s USDA Crop Progress report to indicate a major surge in corn plantings last week and expects that to continue through this week as well. Not only does the quick planting rate imply relatively high yields if summer conditions are ‘normal,’ farmers typically plant more corn in such circumstances. Persistent futures losses reflect those ideas. July corn futures slid 1.75 cents to $3.6125/bushel just before lunchtime Monday, while December lost 2.0 to $3.7825.

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Healthy soils and roots capture water

In celebration of the International Year of Soil 2015 (IYS), the Soil Science Society of America (SSSA) is coordinating a series of activities throughout to educate the public about the importance of soil.

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