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Tuesday, April 26, 2016

Dairy farms have consistent work, but search for workers

Dairy farms have consistent work, but search for workers: As a towering green tractor rolled into his Croswell barn on a sunny April morning, Bob Shinn stepped aside and watched it pass.

Pulling a large red mixer wagon, the tractor rumbled slowly along an aisle lined with hundreds of black and white heads. The trailer dropped a�mixture of alfalfa, corn and cottonseed�at the feet of some of the 700 Holstein cows at Bob Shinn Farms in Croswell.

The cows are the bread and butter of the farm, Shinn said, but the person inside the tractor is just as important.

Senator Says Some Farms Hurting But No Crisis | Iowa Public Radio

Senator Says Some Farms Hurting But No Crisis | Iowa Public Radio: As farmers put their 2016 crops in the ground, they face another year of corn and soybean prices that will make turning a profit on the land challenging. Sen. Chuck Grassley�(R-Iowa) says already he's seeing early signs of strain in the farm economy.

World Bank Raises 2016 Oil Price Forecast, Revises Down Agriculture Price Projections

World Bank Raises 2016 Oil Price Forecast, Revises Down Agriculture Price Projections: Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in its latest�Commodity Markets Outlook, as an oversupply in markets is expected to recede.

The crude oil market rebounded from a low of $25 per barrel in mid-January to $40 per barrel in April following production disruptions in Iraq and Nigeria and a decline in non-Organization of the Petroleum Exporting Countries production, mainly U.S. shale. A proposed production freeze by major producers failed to materialize at a meeting in mid-April.

DuPont benefits from strong 2016 start to agriculture

DuPont benefits from strong 2016 start to agriculture: DuPont Co., the parent of Johnston seed company DuPont Pioneer, increased its earnings outlook for 2016 on Tuesday on improved results in�its agricultural�division.

DuPont�said the company, which is merging with rival Dow Chemical, benefited�during its first quarter from higher corn plantings and a slightly weaker U.S. dollar. A drop�in the dollar's value versus other currencies makes products from DuPont and other U.S. companies cheaper�for buyers overseas.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are near unchanged after an active overnight session. Macro markets are waiting for the results of the FOMC meeting which starts today.

In order to assess the direction of a market, one has to try and figure out what is causing the volatility. Therefore when looking at the fundamental picture not a lot of news items changed from the previous trading day. However, traders point to a single entity buying large volumes across the grain and soybean complex on Monday. Money flow for those short the market became an issue after recent increases in margin requirements. Market participants had to meet margin calls or exit positions.