@BenjaminNething The folks who don't know that this is a joke are killing me! Hope your Dad enjoys the pull this weekend! Dragway 42? Nice and close to home!
From @DroversCTN, @USDA confirmed the sample from a cattle ranch near La Pryor, Texas, is screwworm. It's a threat the U.S. hasn't faced in 60 years. You can read more about the confirmed case here:
https://t.co/DN31cBqCKZ
Where does the opportunity for $17B of non-soy ag exports to #China lie?
Below is a look at the breakdown by category over the span of 2021-23, during which non-soy ag exports averaged a similar ~$17.5B.
It's also worth pointing out how anomalous this stretch was; the average non-soy ag export value from 2010-2020 was only $8.7B, and 2025 fell to $5.3B (check out my graphic from yesterday).
Bottom line: it's possible, but the path likely requires a broad-based increase across multiple categories rather than one single commodity carrying the load.
#oatt #corn #soybeans #cotton
A dive into what we know so far about potential Chinese purchase commitments of US ag products following last week's Trump/Xi summit, as well as a look at how these figures compare historically. #oatt
Link to video: https://t.co/b0qak7G2Zf
FFA Elite, MI
Judge Tegan Simmons
Ch(lt cross) Brody Herman - Albright Swine Farm
sire: Wide Awake(PBG)
Res(dk cross) Harper Yoder - Brockman
sire: World Wide(PBG)
3(duroc) Briann Scrudder - Butts Farms
sire: Over the Limit(bedeker)
4(berk) Kaiser Albright - Albright
sire: To the Moon(333)
5(york) Cooper Ostrom - Ostrom Show Stock
Sire: No Hesitation(top cut)
A look at #USDA's first '26/'27 US #corn, #soybean, #wheat production estimates compared to historicals.
Biggest standout is the sharply lower than expected US #wheat production at only 1.561 bbu.
If realized, this would be the smallest US #wheat crop since 1972. #oatt#oott
@snowboardfarmer A local farmer/friend in our area battled this in late 2024. It was a long road to recovery - but he's back farming full time with a new outlook on life. Sending thoughts your way!
Absolutely fantastic piece about why beef prices are so high. Contrary to what many people may surmise, it's not the meatpackers getting margin right now. It's the actual ranchers, who are benefitting from an overall scarcity of calves https://t.co/kCJ8qf30ZE
With fresh escalations in the Middle East, we're seeing a return to rapid money flow between stocks & commodities (perceived safe haven), much like early in the war.
Here is a 1-minute chart of today's trade, July '26 #corn vs. stocks (S&P 500) flipped upside down. #oatt#oott
India has confirmed that they are purchasing 2.5M tons of urea which removes a LOT of tons from the market.
Strait is slammed shut as Iran attacked ships.
How insane has the back and forth headlines been?
NOLA urea has moved its price $330 (up and down) since last Tuesday.
Maybe the most interesting note from today's NOPA Crush report--implied monthly domestic #soybean oil disappearance jumps 433M month-on-month to reach a new all-time high 2.685B lbs.
Hence, #soybean oil stocks of 2.039B came in well below market expectations. #oatt#oott
Updated corn/fertilizer ratio charts. Still not great looks for farmers.
Urea - 2nd highest ever, highest ever this time of year
UAN - 2nd highest ever, highest ever this time of year
Phosphate - highest ever this time of year
Potash - remains WELL PRICED AND WELL SUPPLIED!!
N.A. farmers are in good shape for spring fertilizer.
Potash - everything should be in place
Phosphate - everything should be in place
NH3 - most demand is met by domestic production
UAN - most demand is met by domestic production
Urea - of the 5 - 5.5M import needed, 3.5M already lined up thru March
If you have not had a conversation with your supplier about spring fertilizer needs, make it a priority.
The attacks on Qatar/Iran gas production caused urea to jump another 5 - 7% overnight.
I am more worried about supplies than price today...
This is real.