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23 Apr 2020
By Elaine KubDTN Contributing Analyst At some point on the morning of Monday, April 20, I noticed that front-month crude oil futures were worth about $4 per barrel. "Shockingly low," I thought. "Crude oil will surely be worth more than that eventually." Then I shrugged and went back to a different project, because I didn't really care. It's been ...
23 Apr 2020
By Greg D. HorstmeierDTN Editor-in-Chief OMAHA (DTN) -- Farmer attitudes have hit historic lows, driven down by relatively flat commodity prices and falling global economic conditions due to the novel coronavirus pandemic. The DTN/The Progressive Farmer Agriculture Confidence Index is a pessimistic 67, a drop of 97 points from December 2019 and dow...
23 Apr 2020
By Russ QuinnDTN Staff Reporter OMAHA (DTN) -- Retail fertilizer prices continued to be mostly higher the second week of April 2020, according to retailers surveyed by DTN. The recent trend, which is still in place, features extremely slight price moves. Seven fertilizers were slightly higher in price compared to last month. DAP has an average pric...
22 Apr 2020
By Todd NeeleyDTN Staff Reporter OMAHA (DTN) -- When it's all said and done, the ethanol industry could see about $10 billion in losses as a result of the COVID-19 economic stall this year, according to a new analysis released Monday by a leading ethanol advocacy group. Friday evening, USDA announced some $19 billion in relief funds directed to a n...
22 Apr 2020
By Chris ClaytonDTN Ag Policy Editor GLENWOOD, Iowa (DTN) -- Pork producers are facing a growing logistical nightmare for market-ready hogs as pork plants continue to idle due to coronavirus outbreaks among workers. The pork industry in the Midwest has had a continuing stretch of major packing plants close, as JBS SA announced Monday it would susp...