Headlines


Suddenly, talking about a global energy crisis doesn’t sound crazy anymore. Years of underinvestment in the fossil fuel sector driven in large part by governments that discouraged the production of fossil fuels in favor of a quick transition to alternatives, has now created a situation that has put the global... (full story)


BENTON HARBOR 18-OCTOBER-2021 Auction Sales - Prices To Growers Provided by: Specialty Crops Market News, Federal-State Market News Service, USDA Phone: (269) 982-1004 Fax: (269) 982-1005 ... (full story)


REPORTING OFFICE: WASHINGTON OCT 18 2021 RAIL AND PIGGYBACK SHIPMENTS FOR: FRI OCT 15 2021 SAT OCT 16 2021 SUN OCT 17... (full story)


Alex Templeton doesn’t miss a hair appointment. At any given time, there are three to four salon visits on her calendar to make sure her signature long, platinum blonde locks are in tiptop shape.  “I love fashion, and I love getting dressed up.... (full story)


REPORTING OFFICE: WASHINGTON OCT 18 2021 RAIL AND PIGGYBACK SHIPMENTS FOR: FRI OCT 15 2021 SAT OCT 16 2021 ... (full story)


Soy futures start the new week mostly 2 cents lower. Going into the weekend, soybean futures were 10 to 11 1/2 cents in the black for the day, but November prices were still 25 1/4 cents lower for the full week. There was some net new buying on Friday, with... (full story)


Front month wheat futures are 2 cents lower to 2 cents higher this morning. Chicago SRW prices closed 8 to 9 3/4 cents higher, which for Dec ended UNCH with last Friday’s close. KC HRW futures closed 11 1/2 to 12 3/4 cents in the black. Spring wheat prices were... (full story)


Lean hog futures went into the weekend with triple digit gains. USDA’s National Average Base hog price was $68.32 this morning, back up by 14 cents. CME’s Lean Hog Index was $88.82 on 10/13 which was another 91 cents weaker. Export Sales data reported 34,478 MT of pork was sold... (full story)


Live cattle futures were 22 to 75 cents higher on Friday. December fats were up 72 cents for the week. Cash market catch up sales on Friday were reported mostly at $124, matching the week’s bulk. USDA noted most dressed sales for the week were near $196. Feeder cattle closed... (full story)


Cotton traders have the board soaring again, up 74 to 104 points in early Monday action. On Friday, futures faded their early session strength to close mixed. December was up 23 points for the day, limiting the weekly loss to 3.27 cents per pound. December 2022 contracts were 7 points... (full story)


Corn futures are hovering around UNCH in early Monday trading. On Friday, corn futures bounced with 6 1/2 to 9 cent gains. Short covering was noted, with preliminary open interest down 3,945 contracts on the day. For December that limited the week’s loss to just 4 1/4 cents. USDA reported... (full story)


Corn futures are hovering around UNCH in early Monday trading. On Friday, corn futures bounced with 6 1/2 to 9 cent gains. Short covering was noted, with preliminary open interest down 3,945 contracts on the day. For December that limited the week’s loss to just 4 1/4 cents. USDA reported... (full story)


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Harvesting and storing high-moisture corn can help producers get a jump on harvest; avoid drying costs; and put up a highly palatable, digestible, nutritious feedstuff. But, like any fermented feedstuff, its quality can be fragile, and hinges on... (full story)


Friday we suggested an Upside day and the markets didn't disappoint. Will we see the same today? (full story)


Bitcoin remains under strong bullish pressure and looks like there is room for more gains that can send the price back above all-time highs within a five-wave cycle. (full story)


CORN Corn futures traded quietly overnight around Friday's higher closing range. For December corn, the overnight trading range was 2-3/4 cents from 5.27 to 5.24-1/4. The dollar is up and crude is making a new high to begin the week. We'll get an update on harvest progress after the close... (full story)


Click to view report AMS_2192.pdf in PDF format (full story)


Click to view report AMS_2167.pdf in PDF format (full story)


Click to view report AMS_2194.pdf in PDF format (full story)


Wheat (ZWZ21) is consolidating to start the week, digesting the bounce off last week’s weekly Doji low.  Significantly, ZW is likely to edge towards triangle resistance (on the daily and weekly chart) this week, buoyed by the break above downtrend resistance (on the 4hr chart).  (full story)


The long term swing point (1235.00) is also now 23.6% back to the high on 8/17/21 and 38.2% back to the high on 9/16/21 adding to the importance of this level. (full story)


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Educational and Actionable information using Fibonacci (full story)


The grain and oilseed sector rose by just under 5% in Q3 and was over 17.8% higher over the first three quarters of 2021. In gain in Q3 was thanks to the oats and wheat futures markets as corn and soybean futures posted double-digit percentage losses as corn lost over one-quarter of its value from June 30 through September 30. (full story)


Click to view report AMS_2062.pdf in PDF format (full story)


After wet weather last week, the week-ending October 23 turns drier for much of southern Brazil. In fact, most of the states that saw above-normal precipitation last week will see a reversal in precipitation trends as below-normal precipitation... (full story)


Ethereum (ETHUSD) surged in the past week, and is suddenly within a week’s volatility of testing the September and 2021 high. Significantly, the much higher September low versus the July low dramatically increases the odds of a decisive break above triangle resistance (on the weekly chart) this week.  (full story)


In this week's AgFax Weekend - Deere Workers Strike | Fertilizer Prices Soaring | and more. (full story)


December futures peaked to close at almost $1.12 on October 7th. This was followed by 4 consecutive lower days to just under $1.04 on October 13. Yesterday (Oct 14), we […] (full story)


The Cotton Bull continues his run and is eating at the trough again. First moving above 116 cents and then falling back just below 105 cents, prices have traded limit […] (full story)


Summary A long wave trough resulted in seasonal to below-normal temperatures across the western third of the contiguous U.S. (CONUS). A ridge of high pressure dominated the eastern two-thirds of […] (full story)


Harvest is rounding out well, as all eyes are now turning to the demand situation for a high-yielding crop. While Haiti is the usual suspect to fill out milled rice demand, […] (full story)


President Announces Changes, Potential Relief of Supply-Chain Bottlenecks On Wednesday, October 13, the President announced the Port of Los Angeles would begin operating around the clock, joining Long Beach, which […] (full story)


The U.S. average diesel fuel price increased nearly 11 cents to $3.59 per gallon on October 11, $1.19 higher than a year ago. The Gulf Coast price increased more than […] (full story)


Click to view report AMS_2219.pdf in PDF format (full story)