Home | About | Blog | Facebook | Twitter

Friday, January 15, 2016

Agriculture in Louisiana like a roller coaster

Agriculture in Louisiana like a roller coaster: Farmers are eternally optimistic, riding the highs and lows of a profession peppered with stress, hard work and uncertainty.

Local�farmers say 2015 wasn't a good�year, and 2016 is shaping up to be similar, but they have hope this roller coaster job will climb back up.

Dustin Morris�is a fourth-generation farmer who, along with his wife, Ashley, has received numerous young farmer awards. The couple farm�about 2,300 acres of soybeans and corn near Rayville.

Dow futures drop 300 points as oil spirals lower

Dow futures drop 300 points as oil spirals lower: U.S. stock index futures indicated a lower open on Friday after the Chinese stock market and crude prices plunged.

The Shanghai composite fell 3.51 percent and entered bear market territory, while Brent and WTI futures both held below $30 a barrel, down 4.3 percent and 5.8 percent, respectively. The pan-European STOXX 600 index fell nearly 2 percent.

Which Crop Price Could Gain the Most from La Nina? | Agweb.com

Which Crop Price Could Gain the Most from La Nina? | Agweb.com: As the current El Nino weather pattern goes into the history books as one of the strongest in memory, grain analysts and growers alike are wondering what will follow.

One likely possibility: La Nina, which involves cooler than normal water temperatures in the Pacific compared to the warmer than normal oceans of El Nino. As a result, the weather patterns of La Nina and El Nino tend to be very different, with El Nino bringing wetter weather to the U.S. and La Nina resulting in the opposite with hotter, drier conditions.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower lead by weak crude oil prices. The March crude oil has dropped below $30.00 per barrel overnight. The Chinese stock market sets lows not seen since December of 2014 causing selling in stocks around the world. Grain specific news is limited and carrying a negative bias.

Corn export sales are running 25% less than last year. USDA is expecting a 9% decline for the whole year. Soybean sales are catching up with USDA’s goal of an 8% decline which is now only 11% behind. Wheat is 15% behind last year and The USDA is expecting a 6% drop.

Markets are closed on Monday for the MLK Holiday. Grains will open Monday night with no markets on Sunday night.