BASIC & RECENT MARKET INFO

Highlights After manufacturing moldboard plows the past 185 years, John Deere announced it will build no more moldboard plows. Plows with steel mold boards instead of wood or cast iron is what made a blacksmith named John Deere rich. Monday, June 20th is a holiday; no ag commodity trading. USDA made no changes to South America’s corn crop, but increased soybean production in both Argentina and Brazil. Indonesia announced it would fully open palm oil exports. China trimmed

Highlights Several months ago, rebels attacked and put out of action the largest oil field in Libya. That oil field went back into production this past weekend. It was attacked again yesterday by rebel forces and crude oil went from 60 cents lower on the day to $1.20 higher before settling at $119.41, up 91 cents. India plans to double its purchases of Russian crude oil. They buy it at a 30% discount because of sanctions on Russian crude, blend it 50/50 with non-Russian crude

Highlights

Highlights Some planters in the fields pressured prices Monday, but the bigger news was the $7.38 drop in cash crude oil prices due to...

Highlights Yesterday, the Brazil ag consulting firm, Safras & Mercado, lowered their Brazilian bean crop estimate from 125.08 to 122.3...

Highlights Today is the last trading day before the first notice day of delivery assignments on the May CBOT agriculture contracts. After...

Highlights Now that the holiday is behind us, Reuters released more details about Friday’s NOPA report. March crush was 181.759 million...

Highlights Two Libyan ports have stopped loading crude oil due to protests calling for the Prime Minister to step down. National Oil...

Highlights We cannot find any numbers for the March NOPA Soybean crush numbers. They are scheduled to be released on the 15th of every...

Highlights Yesterday morning, the USDA announced the sale of 136,000 mts of old crop corn to unknown. Thursday's USDA’s bean acres of...

John Deere will sell machine-servicing software to farmers and mechanic shops beginning in May. More than 10 million egg-laying hens have...

Oil Problems: Storms two days ago knocked off-line two of the three crude oil to ship loading platforms in the Eastern Black Sea. One of...