Volatility. We’re talking about a lot of unexpected change this week, from the Tyson plant fire causing declines in the cattle market, to an unforeseen WASDE outcome. [Read more…] about High Plains Ag Week 8/15/2019
‘It Depends’ – What’s the deal with the trade deficit?
What is it? How do we calculate it? Written with Dr. Luis Ribera, Associate Professor and Extension Economist, Texas A&M AgriLife Extension.
[Read more…] about ‘It Depends’ – What’s the deal with the trade deficit?
High Plains Ag Week 8/2/2019
It’s all about Macro this week. The Federal Reserve cut interest rates and there was little movement in Chinese trade negotiations, until Thursday when there was a big movement. We discuss this and more in the August 2nd edition of HPAW. [Read more…] about High Plains Ag Week 8/2/2019
High Plains Ag Week 7/26/19
This week USDA announced round two of the Market Facilitation Program, crops were down, and livestock contracts were up. [Read more…] about High Plains Ag Week 7/26/19
High Plains Ag Week 7/12/19
The July WASDE and tropical storm (possibly hurricane) Barry were points of interest this week. Wheat and corn saw rallies, and there was positive movement in the livestock contracts as well as local cash markets. [Read more…] about High Plains Ag Week 7/12/19
High Plains Ag Week 7/5/19
Happy Day-after-the-4th of July (what some people would call the 5th of July)! Last week’s USDA ‘Acreage’ report saw an unexpectedly high number of acres that sent the DEC Corn contract down significantly with reverse moves in the cattle contracts. [Read more…] about High Plains Ag Week 7/5/19
High Plains Ag Week 6/28/19
Price movement was largely range bound this week, right up until the USDA ‘Acreage‘ report was released. [Read more…] about High Plains Ag Week 6/28/19
High Plains Ag Week 6/20/19
This week saw a rise in grain and soybean contracts followed by a decline on ‘profit taking’ in managed money accounts. DEC Corn rose to a little over $4.70 on Monday and has traded below that level for the rest of the week. USDA Crop Progress on Monday finally had corn plantings at 92% which is still behind average planting pace, but is the first week to rise above 90% for the 2019 crop year. [Read more…] about High Plains Ag Week 6/20/19
High Plains Ag Week 6/14/19
There is plenty to discuss in the world of Texas High Plains agriculture this week. Corn contracts rose, cotton in the Texas High Plains is suffering from excess moisture, and Governor Greg Abbott signed legislation creating a state-regulated hemp industry. [Read more…] about High Plains Ag Week 6/14/19
High Plains Ag Week 6/7/19
This week saw range bound movement in most contracts of interest for the Texas High Plains. [Read more…] about High Plains Ag Week 6/7/19