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RECENT NEWS
6 Apr 2021
The DTN national average basis started the new-crop year of 2020-21 running close to the five-year strongest basis and has been climbing ever since. As you can see in the chart at the start of January 2021, the basis reached the DTN strongest five-year basis and by the end of that month had moved above it and hasn't looked back. Country elevator po...
5 Apr 2021
OMAHA (DTN) -- U.S. winter wheat is starting off the 2021 growing season with a good-to-excellent condition rating below last year, according to USDA NASS' first weekly Crop Progress report released Monday. For the week ended April 4, 2021, winter wheat was rated 53% in good-to-excellent condition, down from 62% at the same time last year. Sixteen ...
5 Apr 2021
OMAHA (DTN) -- Lee Reichmuth, who runs a cattle feedyard near Lindsay, Nebraska, recalls a year ago seeing "records broken" in cattle markets, such as boxed beef price moving from a little more than $2 a pound to the range of $4.75 a pound while, at the same time, the April futures contract for fed cattle took a $40 dip in value. A year ago, as muc...
5 Apr 2021
ROCKVILLE, Md. (DTN) -- It's April 1, but agronomists aren't fooling around when they tell you it might be time to start planting soybeans. Planting soybeans before corn fields has been a growing and profitable trend for many farmers, agronomists told DTN. "Back in 2015, I would talk to farmers and they would say, 'I don't plant beans until I can w...
1 Apr 2021
The end of March and end of June USDA reports have reputations for big price moves and volatility. We got some truly big price moves, but very little volatility on Wednesday, March 31, following the Prospective Plantings and March 1 Grains Stocks reports, because corn and soybean futures locked limit-up right after the reports were released. USDA s...