Wednesday, April 21, 2021 5:34PM CDT
Ahead of President Joe Biden's climate summit, Agriculture Secretary Tom Vilsack announced multiple climate-related programs. A key for farmers and landowners, USDA is boosting rental rates and incentives for landowners to sign up for the Conservation Reserve Program.
Wednesday, April 21, 2021 4:34PM CDT
While retail anhydrous prices hit $700 per ton this week, the month-over-month increase was 4%, the smallest since the beginning of February. The other seven fertilizers also had higher prices, but the increases were much smaller than in recent months.
Wednesday, April 21, 2021 4:32PM CDT
The Growing Climate Solutions Act was reintroduced Tuesday in the U.S. Senate by a larger bipartisan group of senators, led by members of the Senate Agriculture Committee. The bill would create a program to help farmers qualify for a carbon-credit program and certify those private carbon programs. Ideally, farmers would get paid for implementing climate-smart practices.
July corn is up 6 3/4 cents, July soybeans are up 20 cents and July KC wheat is up 8 cents.
Cattle futures are not expected to show much upside potential prior to the Cattle on Feed report. Even if some numbers would be friendly to the market, the overriding influence will be increasing grain prices due to an uncertain growing season. Packers remain aggressive and fearful of tightening supplies, but prices cannot move higher indefinitely without impacting demand.