Home | About | Blog | Facebook | Twitter

Friday, February 12, 2016

NOAA: 'Possible Transition to La Nina' During Fall Months - Market News - News | ProFarmer

NOAA: 'Possible Transition to La Nina' During Fall Months - Market News - News | ProFarmer: A strong El Ni�o event continues to linger, says the National Oceanic and Atmospheric Administration (NOAA), but it continues to call for a transition to ENSO-neutral conditions this spring or early summer, with a possible transition to La Ni�a during the fall

Central Corn Belt Farmland Values Down 3% in 2015 | Agweb.com

Central Corn Belt Farmland Values Down 3% in 2015 | Agweb.com: The value of "good" agricultural farmland across the central Corn Belt declined 3% in 2015, according to the Federal Reserve Bank of Chicago. The bank's quarterly survey found farmland values slipped 1% lower during the fourth quarter compared to the previous quarter.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are steady to higher. Outside markets are also higher on short covering ahead of a long weekend.

Nearby soyoil breaks through resistance area setting new highs for the month of February. Product strength is providing support to soybean futures.

Weekly export sales for corn during the period from January 28 to February 4 was only 404,963 metric tonnes. This was the smallest sale in five weeks and was sharply under the 800,000 - 1,100,000 trade expectation. Sales are currently 12% behind the five year average which with the latest USDA revision, they are looking for export to run 5% above the 5 year average.

Soybean sales pace has improved to a level which would suggest that we could over achieve the USDA’s goal by year end.