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23 Apr 2021
MT. JULIET, Tenn. (DTN) -- The DTN National Soybean Index, a measure of cash soybean prices, spiked to $15.13 cents as of Thursday night, the highest level since July 2013. The index hit its all-time high of $17.48 during the drought of 2012. The national average soybean basis, which is 21 cents below the May futures contract, is also the strongest...
23 Apr 2021
ROCKVILLE, Md. (DTN) -- Some agricultural chemicals such as herbicides and fungicides are in tight supply this spring as shipping backlogs and pandemic-related delays have run headlong into higher demand from increased row-crop acres this year. Farmers from Arkansas, Colorado, Kansas, Maryland, Michigan, Missouri, Nebraska, Ohio and Oklahoma told D...
23 Apr 2021
Wonders never cease. On Tuesday, May corn closed above $6.00, the first time for a spot contract since 2013. By Thursday, May corn was at $6.50 1/2, held back by Thursday's 25-cent price limit. Even more amazing, it wasn't just the futures price -- cash corn bids at $6 or higher are rapidly blanketing the Midwest. It was one thing to see $6 bids in...
22 Apr 2021
OMAHA (DTN) -- With President Joe Biden pledging Thursday to cut U.S. greenhouse gas emissions in half by the end of the decade, roles continue to be carved out for biofuels, landowners, foresters and farmers along several parallel paths. Some key specifics: -- Biofuel groups are feeling better after seeing the president's plan mention "very low ca...
22 Apr 2021
Smart-tractor manufacturer Monarch Tractor has moved a pair of its fully electric, driver-optional tractors to Wente Vineyards, the oldest, continuously operated family winery in the United States. The Monarch tractors represent the California-based manufacturer's first commercial deployment of its tractor, now in development for 2 1/2 years. "We'v...