Traders cited technical buying as boosting corn futures Tuesday. The grain markets proved surprisingly strong Tuesday, especially in the absence of supportive news. Wire service sourced cited technical factors and bargain hunting for the corn rise, which seemed doubly impressive in the face of today’s equity market losses. May corn futures closed up 3.0 cents at $3.91/bushel Tuesday, while December rose 3.25 to $4.165.
The Soil Science Society of America (SSSA) is coordinating a series of activities throughout 2015 International Year of Soil (IYS) to educate the public about the importance of soil. March’s theme is “Soils Support Agriculture.” In one of SSSA’s March Soils Matter blog posts, experts explain what precision agriculture is, and why farmers use it.
Producers, livestock markets and other stakeholders have another month to comment on proposed rule changes governing how the USDA’s Animal and Plant Health Inspection Service (APHIS) approves facilities that receive livestock for interstate commerce, along with other rules affecting marketing facilities.
Corn futures recovered Monday night gains. Soybeans seemingly rebounded from short-term moving average support last night, but proved vulnerable to fresh selling this morning. Given indications that the grain markets were following beans, it wasn’t surprising to see them turn mostly lower around midmorning, but corn proved surprisingly firm as lunchtime approached. May corn futures rose 1.0 cent to $3.89/bushel late Tuesday morning, while December crept up 1.25 to $4.145.
The threat from new or evolving swine diseases reminds producers and veterinarians of the critical role ongoing research plays in helping find solutions to problems that reduce production and profitability. When it comes to porcine reproductive and respiratory syndrome (PRRS), time has proven there are no easy, simple or quick solutions.
Looking at hog sales in the second half of August and pricing off the October lean hog contract the weaner breakeven was $53.73, up $6.05 for the week as future prices increased $3.20. Feed costs were up $0.50 per head.