Trade Scrapping Tobacco from Mix, Shrinking Acreage

Feb 21 3:01pm AgWeb
Tobacco is one crop struggling to keep acres.
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Corn Ends Around a Penny Higher, While Soybeans and Wheat Were Lower

Feb 21 2:57pm AgWeb
LimelightPlayerUtil.initEmbed('limelight\_player\_230681'); Pro Farmer Editor Brian Grete provide closing market commentary.
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Mid-Afternoon Market Update: Dow Surges Over 100 Points; Eyegate Pharmaceuticals Shares Spike Higher

Feb 21 2:36pm Commodities
Toward the end of trading Tuesday, the Dow traded up 0.50 percent to 20,727.45 while the NASDAQ gained 0.30 percent to 5,856.03. The S&P also rose, gaining 0.50 percent to 2,362.95. Leading and Lagging Sectors Energy shares climbed by 1.10 percent in trading on Tuesday. Meanwhile, top gainers in the sector included Helix Energy Solutions Group Inc (NYSE: HLX), and SunPower Corporation (NASDAQ: SPWR). In trading on Tuesday, industrial shares fell by 0.04 percent. Meanwhile, top losers in the sector included Unilever N.V. (ADR) (NYSE: UN), down 8 percent, and Magal Security Systems Ltd. (USA) (NASDAQ: MAGS), down 6 percent. Top Headline Wal-Mart Stores Inc (NYSE: WMT) reported better-than-expected earnings for its fourth quarter on Tuesday. Wal-Mart posted Q4 earnings of $1.30 per share on revenue of $130.94 billion. However, analysts were expecting earnings of $1.29 per share o...
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3

Beaten-Down Cocoa Signals Potential Bottom

Feb 21 2:34pm InsideFutures.com Commentary
Who doesn’t like chocolate? While some may not be susceptible to its seductive charms, global demand for chocolate and its raw material, cocoa, has exploded. Western consumers eat 286 chocolate bars per person, per year. Rising standards of living in India, China and the rest of Asia mean that the population-heavy East is joining Europe (the world’s biggest consumer) and America in a global craving for decadence.No surprise, the cocoa industry forecasts a 30\% increase in global demand by 2020.
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5

Organic Food's $6 Billion Dilemma

Feb 21 2:32pm AgWeb
Sales of organic food are growing fast, but federal research hasn’t kept pace, a new report says.
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5

Timeline for Autonomous Equipment, Improving Current Tech

Feb 21 2:25pm AgWeb
Self-driving cars are the buzz among consumers, but in agriculture, it’s a concept that’s been around for more than five years.
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5

Farm Labor Shortage Looms in U.K. Post-Brexit

Feb 21 2:22pm AgWeb
The U.K. agriculture industry will come to a standstill if the government doesn’t reach a deal that guarantees access to European workers, according to the head of Britain’s farming union.
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5

How Trump And His Cabinet Will Impact MLPs In 2017

Feb 21 2:15pm Commodities
On Friday’s PreMarket Prep, Jim Carroll, managing director and co-portfolio manager at Pointe Capital Management, joined Benzinga to discuss the impact President Donald Trump will have on the firm’s MLP portfolio. Investors generally believe Trump’s policy approach of lower corporate taxes and deregulation will be good news for most American companies with mostly domestic businesses. However, the oil & gas industry may be particularly well-positioned to capitalize. “One of Trump’s priorities is to reduce regulatory burdens,” Carroll explained. “In the past 10 years, the regulatory burden on MLP infrastructure development has been substantially increased.” Related Link: Trump Cheers The Market's Bull Run, But How Optimistic Are We? Carroll pointed out that Trump’s campaign promises to change that trend seem ...Full story avail...
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USDA Daily Cattle Slaughter; Live Cattle Futures Erase Gains

Feb 21 2:04pm Commodities
Tuesday's USDA cattle slaughter was 115,000 head versus 111,000 head a year ago. April live cattle is ...Full story available on Benzinga.com...
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4

Too Much Weakness

Feb 21 2:00pm InsideFutures.com Commentary
With paper assets higher, it suggests that tomorrow...
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5

Boeing, Pfizer And Others Band Together To Ask Congress For More Taxes

Feb 21 1:28pm Commodities
President Donald Trump has found able allies among the corporate sector for his Border Adjustment Tax. Some blue chip corporations, thriving primarily on domestic business and exports, have banded themselves under the American Made Coalition and written to Congress to accelerate the implementation of transformative changes in the tax code. A Missive To Congress In a letter addressed to Speaker of the House Paul Ryan, Democratic Leader of the House Nancy Pelosi, Majority Leader of the Senate Mitch McConnell and Democratic Leader of the Senate Chuck Schumer, the coalition of 16 companies sent out an impassioned plea to roll back federal policies, mainly on the tax front, that restrain the growth of the U.S. economy. The coalition includes Merck & Co., Inc. (NYSE: MRK), Pfizer Inc. (NYSE:...
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5

U.S. Sees Drop of 8,000 Farms, Believed to be Consolidation

Feb 21 1:21pm AgWeb
A new government report shows the number of farms in the U.S. continues to shrink.
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5

OPEC Appears To Actually Be Doing What They Said They'd Do

Feb 21 1:15pm Commodities
Nobody gave OPEC much credit when it started making moves to get oil-producing countries to agree to a deal to cut or freeze their production. Crude oil has been on a downward spiral for much of the last five years—though the decline became more pronounced in mid-2014.  The main reason for the weakness in oil prices is the dynamics of supply and demand. There's a supply glut in oil caused by U.S shale oil and the return of some producers such as Iran and Libya to the oil market. Conversely, the demand for oil is being reduced by decreasing reliance on fossil fuel for energy.  On November 30, OPEC got its member nations to agree to cutting production by 1.2 million barrels per day. Other non-OPEC producers such as Russia also committed to cut their production by about 600, 000 barrels per day. The last time OPEC succeeded in getting producers to agree to a production c...
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Gold, Silver Flat amid Higher Dollar, Political Uncertainty

Feb 21 1:05pm Commodity Blog
Gold and silver futures are trading flat on Tuesday amid a strengthening dollar and political uncertainty in the US and Europe. This comes as both precious metals posted …...
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5

What's the Value of a John Deere 8320?

Feb 21 1:01pm AgWeb
Machinery Pete was recently asked by a viewer about the value of a John Deere 8320.
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Mid-Day Market Update: Community Health Systems Gains On Earnings Beat; Trevena Shares Plunge

Feb 21 12:21pm Commodities
Midway through trading Tuesday, the Dow traded up 0.33 percent to 20,691.26 while the NASDAQ gained 0.22 percent to 5,851.16. The S&P also rose, gaining 0.36 percent to 2,359.71. Leading and Lagging Sectors Energy shares climbed by 0.94 percent in trading on Tuesday. Meanwhile, top gainers in the sector included Helix Energy Solutions Group Inc (NYSE: HLX), and Seadrill Ltd (NYSE: SDRL). In trading on Tuesday, industrial shares fell by 0.23 percent. Meanwhile, top losers in the sector included Unilever N.V. (ADR) (NYSE: UN), down 8 percent, and Westinghouse Air Brake Technologies Corp (NYSE: WAB), down 6 percent. Top Headline Wal-Mart Stores Inc (NYSE: WMT) reported better-than-expected earnings for its fourth quarter on Tuesday. Wal-Mart posted Q4 earnings of $1.30 per share on revenue of $130.94 billion. However, analysts were expecting earnings of $1.29 per share on revenue...
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5

Natural Gas takes a beating off spring like weather in parts of the Midwest

Feb 21 12:20pm InsideFutures.com Commentary
Cold weather or rather the strange lack of it this winter is causing issues for Natural Gas demand.
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5

AgTech Upgrades Announced For Challenger MT600E Tractors

Feb 21 12:18pm AgWeb
AGCO Corporation has announced that its Challenger MT600E Series high horsepower tractors are getting a high-tech upgrade, with a new 9-inch touchscreen Tractor Management Center (TMC) terminal, along with full integration of onboard precision ag technologies such as AgControl section and variable [...]...
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6

Grain and Soy Complex Weaker After Presidents Day

Feb 21 11:53am AgWeb
LimelightPlayerUtil.initEmbed('limelight\_player\_214806'); Pro Farmer Editor Brian Grete provides mid-morning market commentary for AgriTalk radio.
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Deutsche Bank Upgrades Star Bulk, Sees Dry Shippers Ready To Accelerate

Feb 21 11:43am Commodities
“We are increasingly optimistic about the outlook for dry bulk rates and equities, even after the significant run in shares year-to-date,” Deutsche Bank’s Amit Mehrotra wrote in a report. He upgraded the rating on Star Bulk Carriers Corp. (NASDAQ: SBLK) from Hold to Buy, saying that the company had the maximum leverage to changes in market fundamentals. Evidence Of Positive Trends Despite the weakness due to the Chinese New Year, dry bulk capesize rates have averaged $11,000 per day year-to-date, up more than three times from $3,300 over the ...Full story available on Benzinga.com...
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5

Machinery Pete Watching Surge in Sprayer Sales

Feb 21 11:31am AgWeb
Farming in Nebraska is a challenge every year, especially when the weather doesn’t deal a favorable hand. However, last year rains came at the right time for soybeans, with some farmers seeing one of their best soybean crops ever.
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6

USDA Export Inspections; Wheat Futures Little Lower

Feb 21 11:26am Commodities
The USDA reported today that wheat export inspections for the week ending February 16th totaled 558,252 tonnes. ...Full story available on Benzinga.com...
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32

U.S. Dairies: Blame Canada?

Feb 21 11:26am AgWeb
Spoiling for Canada Fight, U.S. Dairies Push for Trump Deal (1)...
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6

Elliott Wave Analysis: EURGBP Aiming For 0.8300-0.8270 Region

Feb 21 11:17am InsideFutures.com Commentary
On the 4h chart of EURGBP we see a nice bearish price action unfolding down from 0.8851 which is expected to continue after recent three wave bounce to 0.8640, labeled as wave 2).
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6

Rains to Increase Across Central Brazil Later This Week

Feb 21 11:13am AgWeb
MDA Weather Services says increasing rains in central Brazil later this week and into next week should lead to improvements in soil moisture.
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12

Tractor Tales: 1942 John Deere H

Feb 21 11:05am AgWeb
Herbert Nesmith of Lavin, Tx. restored his father’s 1942 John Deere H.
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6

Soybean Shipments Hold Strong

Feb 21 10:56am AgWeb
The inspections tally did fall short of lofty expectations, however. Get more details from the report.
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12

Stocks Appear To Be Headed Toward New Highs Amid Mixed Bag Of Earnings

Feb 21 10:41am Commodities
Another week of trading begins and talk of market expectations are ripe as all three major benchmarks opened at record levels again. If that holds throughout the day, it will make it eight out of nine days, and four straight weeks, that the markets are in positive territory. Retail stocks appeared mostly on the upside amid a mixed bag of earnings results from some of the nation’s largest merchants. Wal-Mart Stores Inc (NYSE: WMT), the world’s largest retailer, turned in Q4 earnings that outpaced expectations by a penny at $1.30 a share. Citing a robust online business, WMT said revenue ticked up 1\% to $130.9 billion.Home Depot Inc (NYSE: HD) reported a profit of $1.44 a share, well above projections of $1.34 a share on revenues of $1.74 billion as housing trends appear to be getting better. The do-it-yourself retailer also announced a $15 billion share buyback plan. Mean...
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7

Grains & Livestock Futures - Morning Charts

Feb 21 10:35am InsideFutures.com Commentary
Daily - 4 hr - 1 hr - 15 minute...
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Consultant: Brazil's Corn and Soybean Yields 'Very Good'

Feb 21 10:23am AgWeb
South American Crop Consultant Dr. Michael Cordonnier left his crop pegs unchanged this week, but has a neutral to slightly higher bias going forward.
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12

How China Could Unleash Its Farming Potential

Feb 21 10:14am AgWeb
Here's one way to unleash the economic potential of rural China: implement reforms that encourage farmers to take out mortgages.
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5

Pro Farmer's Tuesday Morning Wake Up Call for February 21, 2017

Feb 21 10:10am AgWeb
LimelightPlayerUtil.initEmbed('limelight\_player\_348406');...
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Mid-Morning Market Update: Markets Open Higher; Wal-Mart Earnings Beat Views

Feb 21 9:55am Commodities
Following the market opening Tuesday, the Dow traded up 0.38 percent to 20,702.96 while the NASDAQ gained 0.36 percent to 5,859.49. The S&P also rose, gaining 0.36 percent to 2,359.65. Leading and Lagging Sectors Energy shares climbed by 0.91 percent in trading on Tuesday. Meanwhile, top gainers in the sector included Helix Energy Solutions Group Inc (NYSE: HLX), and Seadrill Ltd (NYSE: SDRL). In trading on Tuesday, industrial shares fell by 0.16 percent. Meanwhile, top losers in the sector included Unilever N.V. (ADR) (NYSE: UN), down 8 percent, and Westinghouse Air Brake Technologies Corp (NYSE: WAB), down 6 percent. Top Headline Wal-Mart Stores Inc (NYSE: WMT) reported better-than-expected earnings for its fourth quarter on Tuesday. Wal-Mart posted Q4 earnings of $1.30 per share on revenue of $130.94 billion. However, analysts were expecting earnings of $1.29 per share on r...
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5

Diverse, Efficient Energy Sector Exposure

Feb 21 9:43am Commodities
The energy sector was one of last year's best-performing groups, but energy equities have scuffled a bit to start 2017 as oil prices have lagged. Concerns that some members of the Organization of Petroleum Exporting Countries may not abide by the cartel's output reduction plan are among the reason's oil prices are modestly lower. Energy Exposure Still, energy stocks offer some potential for investors, particularly as the sector shakes out of its earnings rut. Stocks in the Energy Select Sector SPDR (ETF) (NYSE: XLE) posted revenue growth, on average, of 4.5 percent during the final quarter of 2016. All sectors notched revenue increases with the aggregate number for the S&P 500 checking in at 5.2 percent revenue growth, according to AltaVista data. Related Link: Jagged Peak Could Be The Clean Play For Energy Investors XLE is the largest ...Full story available on Benzinga.
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38

CRP vs. Cash Rent

Feb 21 9:40am AgWeb
Nellie Neal has a decision to make.
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7

Ag Organization Connections

Feb 21 9:37am AgWeb
As someone wisely said, You can't make old friends.”...
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6

Record-breaking Warmth Continues Over the Plains

Feb 21 9:24am AgWeb
Snow headed for Upper Midwest at week's end.
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15

Manufacturing Break Out. The Energy Report 02/21/17

Feb 21 9:15am InsideFutures.com Commentary
The crude oil price broke out to the upside as European Union manufacturing data stunned analysts and give us a surge in oil. The February PMI gauge of Euro zone manufacturing activity came in at 56.0, compared to 54.3 that was the expected read. The rally happened despite a roaring dollar that was pumped...
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6

Jagged Peak Could Be The Clean Play For Energy Investors

Feb 21 9:13am Commodities
Wells Fargo started coverage of Jagged Peak Energy Inc (NYSE: JAG) with an Outperform rating, saying the company represents the cleanest way to gain exposure to the southern portion of the Delaware Basin. Analyst Gordon Douthat believes Southern Delaware offers some of the best rate of change potential in the E&P space. Why Southern Delaware Basin? Jagged Peak is a Delaware Basin pure-play operator with an extensive inventory of 1,250+ sucked-pay locations across 67,264 net acres of oil-rich shale across Ward, Reeves, Pecos and Winkler Counties. Jagged Peak ...Full story available on Benzinga.com...
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6

Export Inspections Milk Production & Earnings on Tap Today. The Corn & Ethanol Report 02/21/17

Feb 21 9:10am InsideFutures.com Commentary
Export Inspections delayed a due to the Presidents Day holiday will be released at 10:00 A.M. and Milk Production at 2:00 P.M. March Crude Oil expires and we have earnings Home Depot, Macy’ and Wal-Mart. In the overnight electronic session the March Corn is currently trading at 369 ¼ which...
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7

States Have the Final Say on Dicamba Use

Feb 21 9:05am AgWeb
States Have the Final Say on Dicamba Use...
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Proprietary asset identification software promises to give EnCore Permian boost over competition

Feb 21 9:03am Commodities
MIDLAND, Texas, Feb. 21, 2017 (GLOBE NEWSWIRE) -- Armed with $200 million in initial equity agreements and a private capital partner managing $8 billion, cofounders J. D. Smith and Josh Lorenz announce the formation of EnCore Permian. EnCore Permian founders Joshua Lorenz (left) and J. D. Smith are pleased to announce the launch of their new company. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b25e5f11-048d-4e48-9c90-a2d40b429995 The new firm is a successor to Smith and Lorenz's previous venture, PetroLima LLC which was a leasehold and mineral acquisition company, EnCore instead will move into upstream exploration and production. The company's biggest advantage may be their proprietary asset identification software, Mineral Scout™, designed by the ...Full story available on Benzing...
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6

DeutscheBank Elliott Wave Analysis Still Calling Higher

Feb 21 8:12am InsideFutures.com Commentary
DeutscheBank Elliott Wave Analysis Still Calling Higher...
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7

Torchlight Provides Update on Midland Basin Well

Feb 21 8:00am Commodities
Torchlight Provides Update on Midland Basin Well Torchlight Provides Update on Midland Basin Well Delivers First of Two Stage Frac on Flying B Ranch #2 PLANO, TX--(Marketwired - February 21, 2017) - Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it has completed the first of a two-stage frac in the lower interval of the Wolfcamp formation using 200,000 lbs. of sand. The frac procedure, originally planned for January, was pending delivery and subsequent review of well logs generated during drilling. A workover rig is being moved in to clean out any remaining sand in the casing and place a bridge plug above the first stage lower Wolfcamp interval. The upper Wolfcamp zone will then be perforated, acidized and prepared for the second and final stage of the frac. The service company performing the procedure will retu...
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8

DAX Index: Bullish Elliott Wave Sequence

Feb 21 7:57am InsideFutures.com Commentary
DAX Index: Bullish Elliott Wave Sequence...
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7

The True Test Of The Oil Market Recovery Comes This Summer

Feb 21 7:06am Commodities
The global oil market has clearly stabilized in the past year. Many investors looking to profit off of the rebound in oil and oil stocks saw the OPEC production cut deal in December as the last remaining green light for the industry. However, WTI crude oil is up only 1.4 percent in the past two months. What’s behind sluggish crude prices? According to Reuters analyst John Kemp, oil companies and investors may be watching and waiting to see how the crucial summer months play out before piling into oil. “U.S. refineries ...Full story available on Benzinga.com...
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7

Brazil Soybean Harvest Jumps Last Week

Feb 21 6:39am AgWeb
Grain markets are mixed with crude oil and the US Dollar stronger providing some lift. Palm oil in Malaysia closed lower as supplies increase. Stock indices set new highs in early trade.
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9

Elliott Wave Analysis: S&P500 Can See Limited Upside In The Next Couple Of Days

Feb 21 5:14am InsideFutures.com Commentary
No change on E-mini S&P500 for now; we see price trading at the highs but in fifth wave after recent break out of a triangle, so index can be in final stages of a five wave advance from Feb. lows...
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9

Markets Adamant

Feb 21 4:51am InsideFutures.com Commentary
Last Friday the Dow gained fractionally even though it was trading lower the bulk of the session. What will happen today? Read on to learn more...
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Livestock (Hogs & Cattle ) - Trendlines

Feb 21 1:08am InsideFutures.com Commentary
Daily and 2 hr charts...
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6

President's Day Trading Hours - Daily Support and Resistance Levels

Feb 21 12:56am InsideFutures.com Commentary
Check out the President's Day Trading Hours on Monday in United States.
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8

DJIA Elliott Wave View: Marching higher

Feb 21 12:31am InsideFutures.com Commentary
DJIA looks to be rallying from 1/19 low as an impulse and more upside is expected while dips stay above 20543.2 in first degree and 20015.3 in second degree...
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8

Daily analysis of major pairs for February 21, 2017

Feb 20 9:10pm InsideFutures.com Commentary
On the USD/CHF, it can be seen that the psychological level at 1.0000 has become insignificant because price just goes above and below it at will, while the level of...
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8

Iowa, Nebraska Echo National Decline in Number of Farms

Feb 20 4:33pm AgWeb
The U.S. Department of Agriculture says there were 500 fewer farms in Iowa last year and the average farm size rose slightly but the amount of total land in farms remained at 30.5 million acres.
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8

How Canada Cut Foreign Workers and Hobbled Its Meat Industry

Feb 20 12:53pm AgWeb
A lesson for Trump on consequences of America-first measures?  ...
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11

Crude Oil Posts Limited Gains as Fundamentals Remain Confusing

Feb 20 12:36pm Commodity Blog
Prices for crude oil edged higher today, but gains were somewhat limited amid confusing fundamentals. On one hand, productions cuts from …...
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9

Crop Insurance Planning in Five Steps

Feb 20 11:18am AgWeb
Follow these five steps with your team to help you secure the right amount of coverage to position your business for success, no matter what 2017 brings.​...
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11

New Leader's NL5000 with G5 Technology Delivers Precision Placement

Feb 20 10:59am AgWeb
Collaboration with Ag Leader yields precision placement. ...
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44

INDU: Elliott Wave Structure showing more upside

Feb 20 7:47am InsideFutures.com Commentary
INDU: Elliott Wave Structure showing more upside...
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