Wisconsin Dairy Farmers Face Spoiling Market, Tight Deadline

Apr 26 2:26pm AgWeb
A handful of Wisconsin dairy farmers whose Canada market evaporated in a trade dispute were weighing offers from new buyers on Tuesday, but others were running out of time before an expiring contract risked putting them out of business.
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Mondays Are In Fact Good For Something: Gas Prices Are Usually Lower

Apr 26 2:07pm Commodities
When the needle nears E, motorists begin their quest for the best gas prices. However, proximity and pricing aren't the only factors in snagging the most gas at the pump for your buck: The day of the week may also play a role. GasBuddy, a price comparison website that provides data on current fuel price, said in a release fueling earlier in the week can result in savings for many motorists, along with shopping around for the lowest price. Gas Prices Headed Northward While gas prices are lower than they have been in a over 19 months, it is still wise to shop around, planning where and when to fill up. Furthermore, GasBuddy expects prices to continue to rise, with the traditionally high-demand summer approaching. The nationwide average retail gas prices have been on an upswing and are now at their highest level in over a year. As of Monday, the average retail ...Full story available on Benzinga.com...
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Ashland, Kan. Thanks Those Who Helped After Fire

Apr 26 1:33pm AgWeb
In early March, nearly 1.6 million acres burned in the southern Plains. Since then, the agriculture community from across the United States have helped families rebuild.
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Some High Plains Farmers Struggling After Fires, Drought

Apr 26 1:12pm AgWeb
Deep snow is melting into Western mountain streams, but some farmers and ranchers on the high plains are struggling amid a lengthy dry spell and the aftermath of destructive wildfires.
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Perdue's First Day on the Job

Apr 26 12:59pm AgWeb
Nearly 100 days since his nomination, former Georgia Gov. Sonny Perdue has his first day as head of the USDA under his belt.
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Copper Posts More Gains amid Weaker US Dollar, French Election Fallout

Apr 26 12:55pm Commodity Blog
Copper futures are continuing their momentum thanks to a weaker US dollar and international markets celebrating the French election result. …...
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Live Cattle Futures - June - Bear Pitchfork - April 26, 2017

Apr 26 12:39pm InsideFutures.com Commentary
15 minute chart - Median Line Target...
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Can Mexico Count on Argentina for Milk Powder?

Apr 26 12:27pm AgWeb
If U.S.-Mexico trade relations deteriorate, Argentina could fill some of the void.    ...
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Mid-Day Market Update: U.S. Steel Drops After Disappointing Q1 Results; Sajan Shares Surge

Apr 26 12:09pm Commodities
Midway through trading Wednesday, the Dow traded up 0.17 percent to 21,032.06 while the NASDAQ climbed 0.04 percent to 6,027.74. The S&P also rose, gaining 0.20 percent to 2,393.36. Leading and Lagging Sectors On Wednesday, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Central European Media Enterprises Ltd. (NASDAQ: CETV) and Beasley Broadcast Group Inc (NASDAQ: BBGI). In trading on Wednesday, technology shares slipped by 0.25 percent. Meanwhile, top losers in the sector included Seagate Technology PLC (NASDAQ: STX), down 16 percent, and Cree, Inc. (NASDAQ: CREE), down 15 percent. Top Headline Twitter Inc (NYSE: TWTR) reported stronger-than-expected earnings for its first quarter on Wednesday. Twitter said it earned $0.11 per share in the first quarter on revenue of $548.25 million; Analysts were expecting the company to earn one cent per share ...Full story available on Benzinga.com...
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Major Grains See Hindered Progress as Weather Delays on Horizon

Apr 26 12:01pm AgWeb
After a few days of warm and dry days in parts of the Corn Belt, farmers had the opportunity to plant, but midweek showers are moving across the Midwest, adding new moisture to soil that’s seeing adequate or surplus levels.
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America's $1.2 Billion Mexico Milk Trade Is Now at Risk

Apr 26 11:43am AgWeb
The biggest U.S. dairy importer is talking with New Zealand and buying more from the EU. Guess why.
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Marrone Bio Product Reduces Crop Stress

Apr 26 11:15am AgWeb
Haven antitranspirant, a biostimulant made by Marrone Bio, is a compound applied to leaves to reduce transpiration (water evaporation from leaves) to cool plants.  ...
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Cattle prices continue to rise

Apr 26 11:07am InsideFutures.com Commentary
Once the Chinese agreed to lift the ban on US Live Cattle, prices took off to the upside.
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Arkansas Rice Farmers Test Water-Saving Technique

Apr 26 10:38am AgWeb
Generations of Arkansas rice growers who farmed the flood plains near the Mississippi River had little reason to pay attention to water supplies or their impact on a changing climate. Dan Hooks is different.
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Elliott Wave Analysis: NZDUSD Making A Drop

Apr 26 10:30am InsideFutures.com Commentary
On the intraday chart of NZDUSD we can see a sharp decline taking place, with price now specifically trading in final stages of wave three.
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I Still Think The Consolidation Takes More Time

Apr 26 10:27am Commodities
First published on Saturday April 22 for members of ElliottWaveTrader.net. With the GDX breaking below the 24 level this past week, it has strongly suggested that it is not yet ready for a parabolic run. And, as I noted during the mid-week update, it even opens the door to another drop below the March lows before the parabolic run begins: “. . . the issue I have with it is that the high was struck into an a=c target, which most often denotes a corrective rally. It is for that reason that I wanted to see the .618 extension of that rally hold so that I can continue to view it as an impulsive structure. But, Fibonacci Pinball suggests that once that .618 extension breaks resoundingly, the greater probabilities shift towards that rally being a corrective rally. For this reason, I am viewing the yellow count now as a much stronger potential.” “Moreover, I will note that if we can see a higher high made in the GDX in the coming week, then I can consider the pattern as a leading diagonal up for a wave (i) as modified on the daily chart.Yes, I know this has gotten more complex than I had wanted, but I am trying to maintain an open mind to the potential I am seeing in the market.” As of the weekend, my perspective on GDX remains the same. But, I even have an issue with the more immediately “bearish” yellow count on the chart. You see, c-waves are 5 wave impulsive structures the great majority of the time. However, the drop off the prior week’s high is not easily counted as ...Full story available on Benzinga.com...
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Mid-Morning Market Update: Markets Edge Higher; Twitter Earnings Beat Views

Apr 26 10:18am Commodities
Following the market opening Wednesday, the Dow traded up 0.13 percent to 21,023.34 while the NASDAQ climbed 0.03 percent to 6,027.08. The S&P also rose, gaining 0.11 percent to 2,391.22. Leading and Lagging Sectors Wednesday morning, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from Edwards Lifesciences Corp (NYSE: EW) and MediciNova, Inc. (NASDAQ: MNOV). In trading on Wednesday, basic materials shares slipped by 0.46 percent. Meanwhile, top losers in the sector included United States Steel Corporation (NYSE: X), down 25 percent, and Allegheny Technologies Incorporated (NYSE: ATI), down 8 percent. Top Headline Twitter Inc (NYSE: TWTR) reported stronger-than-expected earnings for its first quarter on Wednesday. Twitter said it earned $0.11 per share in the first quarter on revenue of $548.25 million; Analysts were expecting the company to earn one cent ...Full story available on Benzinga.com...
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Live Cattle - Trendlines - Bear Divergence

Apr 26 10:15am InsideFutures.com Commentary
August - October - December...
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Operational Issues Reemerge At U.S. Steel

Apr 26 10:02am Commodities
Reviewing United States Steel Corporation (NYSE: X)'s first-quarter results, Jefferies said operational issues have reemerged, weighing hard on the flat-rolled segment. Technical Take The stock was down a whopping 20.25 percent at $24.85 in pre-market trading. The 200-day simple moving average is currently at $28.08 and could present support to the stock, considering it is headed southward in reaction to the results. If this support doesn't hold, the stock could look to cling onto a long-term support around the $22 area. Source: Y Charts Q1 Print Analysts Seth Rosenfeld, Martin Englert and Alan Spence noted that United States Steel reported a first-quarter loss of $0.83 per share, wider than both the $0.22 per share loss they estimated and the consensus estimate for a loss of $0.35 per share. The adjusted EBITDA came in at $74 million, below their $220 million forecast and the consensus of $244 million, the analysts added. The analysts clarified that the adjusted results exclude $35 million of charges associated with the closure of Tubular assets but include $20 million of LIFO expense compared to the $40-million income in the previous quarter within the flat-rolled business. Problems Galore At Flat Rolled Jefferies attributed the $63-million operating ...Full story available on Benzinga.com...
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Tax Cut Proposals in Focus

Apr 26 9:56am InsideFutures.com Commentary
Recent gains can partially be attributed to expectations that President Trump will call for slashing the corporate income tax rate to 15\% and applying a 10\% tax rate to the repatriation of earnings held overseas.
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Oil Ahead of the Weekly EIA report

Apr 26 9:35am InsideFutures.com Commentary
Here is what we are looking for ahead of the weekly EIA report.
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U.S. Steel: Q1 Was Bad, But Things May Only Get Worse From Here

Apr 26 9:06am Commodities
United States Steel Corporation (NYSE: X)'s surprise loss in the first quarter contributed to the stock's more than 15 percent decline. But according to Gordon Johnson of Axiom Capital Research, the company's outlook and stock price can only get worse moving forward. In a research report following U.S. Steel's report, the analyst believes the stock could see downside to $14 per share by the end of the year. The analyst was quick to highlight several guidance changes to support his bearish stance, including: The company's 2017 near earnings guidance was lowered from $535 million to $260 million. 2017 earnings per share guidance was lowered from $3.08 to $1.50 per share. 2017 EBITDA guidance lowered from $1.3 billion to $1.1 billion, which includes a $175 million benefit associated with an ...Full story available on Benzinga.com...
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Hog Prices Sharply Higher 2nd Day In A Row

Apr 26 8:53am InsideFutures.com Commentary
Stop has been lowered...
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Chasing Waterhemp, the Bell Cow of Weed Resistance

Apr 26 8:12am AgWeb
Waterhemp has piled on genetic muscle and built documented resistance to herbicides from six separate site of action groups in Illinois. Yet, even more alarming are the consequences of stacked resistance in waterhemp. Once resistance begins stacking, what’s the snowball effect of a weed jugge [...]...
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Case IH 9380 4WD Sold at Auction Yesterday for 2nd Highest Price

Apr 26 8:10am AgWeb
Machinery Pete shines spotlight on a 1997 Case IH 9380 4WD tractor in excellent condition with low hours that sold yesterday (April 25, 2017) on a southwest Manitoba farm auction for the 2nd highest auction price the past 17 years...
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Petrolia Energy Highlights its Acquisition and Development Plan for its Twin Lakes San Andres Lease in the Permian Basin

Apr 26 8:00am Commodities
Petrolia Energy Highlights its Acquisition and Development Plan for its Twin Lakes San Andres Lease in the Permian Basin Petrolia Energy Highlights its Acquisition and Development Plan for its Twin Lakes San Andres Lease in the Permian Basin HOUSTON, TX--(Marketwired - April 26, 2017) - Earlier this year, Petrolia Energy Corporation (OTCQB:BBLS) ("Petrolia" or the "Company") completed the acquisition of 60\% net working interest in the Twin Lakes San Andres Unit ("TLSAU") lease, located in Chaves County, New Mexico, bringing its total ownership of TLSAU to 100\%. Overall, the TLSAU lease includes: 4,864 gross and net acres; 2,292,903 barrels of 1P reserves; 44 existing vertical oil production wells, 12 of which are currently producing; 44 existing injection wells for water flood and/or CO2 injection for enhanced oil recovery (EOR); Extensive surface infrastructure, including a 22-mile long water pipeline and a dedicated Caprock well to supply future water flood operations. Mr. Zel C. Khan, Petrolia's CEO, commented, "This transaction represents a significant milestone for our Company. The TLSAU lease has material untapped potential which we are now able to fully develop. For relatively small cash consideration, we gained full ownership and control of this promising asset, as well as long sought after regulatory approvals to develop the field." Mr. James E. Burns, Petrolia's President, stated, "Petrolia's lease in the TLSAU field is on the Northwest Shelf of the Permian Basin, and it's very similar to other prolific assets in the area and in the Central Permian Basin. Of the 44 existing vertical oil production wellbores already in the field, 12 are currently producing. We intend to begin a workover ...Full story available on Benzinga.com...
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Weather Forecast Sets Off Short Covering

Apr 26 6:45am AgWeb
Grain markets are mixed as trader wait for the forecast to develop. Farmers are using the current dry conditions to plant all that is possible.
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Pathogenicity and Transmission of a Swine Influenza A(H6N6) Virus

Apr 25 9:49pm AgWeb
In 2010, a H6N6 virus emerged in southern China, and since then, it has caused sporadic infections among swine.
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Antimicrobial Potential of Bacteriocins in Swine Production

Apr 25 8:26pm AgWeb
The routine use of antibiotics in agriculture has contributed to an increase in drug-resistant bacterial pathogens in animals that can potentially be transmitted to humans.
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Canada's Morneau Sees no Surprise in Trump's Trade Rhetoric

Apr 25 6:14pm AgWeb
Canadian Finance Minister Bill Morneau said on Friday there was no surprise from his perspective in U.S. President Donald Trump's statements lashing out against trade with Canada, but that officials behind the scenes were open to discussions.  ...
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Rain Delays Idaho Potato, Wheat Planting

Apr 25 5:50pm AgWeb
Rain delays Idaho potato, wheat planting...
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Trump Signs Executive Order for Agriculture

Apr 25 5:18pm AgWeb
President Donald Trump has signed more than 30 executive orders during his first 100 days, and he hasn’t forgotten to get the agriculture industry and rural America involved. Earlier Tuesday, Trump signed the executive order, titled Promoting Agriculture and Rural Prosperity in America, in fr [...]...
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Coldwater Processing Plant Under Construction

Apr 25 5:06pm AgWeb
A new pork processing plant in Michigan is set up with new technology to increase efficiency.
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Useful Tools and Resources for Commodity Traders! 4.26.2017

Apr 25 4:40pm Support & Resistance Levels
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.    \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Voted #1 Blog and #1 Brokerage Services on TraderPlanet  for 2016!!  \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ FREE trial to unique day trading newsletter: Earnings season is here, so pay attention and know when major earnings coming out if you are trading stock index futures.   […] The post Useful Tools and Resources for Commodity Traders! 4.26.2017 appeared first on Support & Resistance Levels.
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Feds Stumble Again with Split Verdict in Bundy Standoff Case

Apr 25 4:06pm AgWeb
Feds stumble again with split verdict in Bundy standoff case...
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Mid-Afternoon Market Update: Dow Gains 250 Points; HealthStream Shares Surge On Earnings Beat

Apr 25 3:52pm Commodities
Toward the end of trading Tuesday, the Dow traded up 1.21 percent to 21,014.67 while the NASDAQ climbed 0.76 percent to 6,029.54. The S&P also rose, gaining 0.67 percent to 2,390.01. Leading and Lagging Sectors Tuesday afternoon, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Beasley Broadcast Group Inc (NASDAQ: BBGI) and Lee Enterprises, Incorporated (NYSE: LEE). In trading on Tuesday, utilities shares slipped by 0.02 percent. Meanwhile, top losers in the sector included Companhia de Saneamento Basico (ADR) (NYSE: SBS), down 3 percent, and Atlantic Power Corp (NYSE: AT), down 3 percent. Top Headline McDonald's Corporation (NYSE: MCD) reported better-than-expected earnings for its first quarter on Tuesday. McDonald's said it earned $1.47 per share in the quarter on revenue of $5.68 billion. Wall Street analysts were expecting the company to earn $1.33 per ...Full story available on Benzinga.com...
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Trump Drops Wall to Avoid Shut Down, Farm Workers Fearful

Apr 25 3:41pm AgWeb
After a two-week recess, Congress returns to Washington with a full schedule and several pressing matters such as budgets and funding.
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Farmer, Rancher's Share of Food Dollar Lower Than What You Think

Apr 25 3:35pm AgWeb
Some consumers are under the impression that farmers make a lot of money based on the prices they see at the grocery store.
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Tyson Foods to Buy AdvancePierre for $3.2 Billion

Apr 25 3:30pm AgWeb
Tyson Foods will pay $3.2 billion to add packaged sandwich maker AdvancePierre to its stable of processed food brands.
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DuPont Tops Highest Earnings Estimate on Seeds, Auto Plastics

Apr 25 3:26pm AgWeb
DuPont Tops Highest Earnings Estimate on Seeds, Auto Plastics...
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Differentiate Site of Action and Active Ingredient to Manage Weeds

Apr 25 3:15pm AgWeb
On each herbicide label, companies specify active ingredients and sites of action alike. Note, each herbicide active ingredient falls into a specific site of action and the two are not the same classification and should not be treated as such.
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MDA SnapShot: Short 30yr Bonds, Chalk it up, 4/25/17

Apr 25 2:58pm InsideFutures.com Commentary
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could be executed by traders who are...
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Meat of the Matter: Barbecue and Bias

Apr 25 2:28pm AgWeb
Tradition is usually laudable when it concerns culinary preferences. But racial politics can spoil the marketing of even the most revered of Southern food products: Pulled pork barbecue sauce.
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Corn, Soybean Planting Begins in South Dakota

Apr 25 2:22pm AgWeb
Corn, soybean planting begins in South Dakota...
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Chobani Files Defamation Suit Against Infowars' Jones

Apr 25 2:18pm AgWeb
Chobani LLC sued right-wing conspiracy theorist Alex Jones over a video posted by his Infowars website linking the Greek yogurt maker’s practice of hiring refugees to an unrelated assault in Twin Falls, Idaho, where the company operates a plant with 1,000 employees.
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Sprayer Sales Surprising Machinery Pete

Apr 25 1:57pm AgWeb
It's a mixed bag for dairy farmers in Wisconsin. 2016 was produced a bountiful harvest, setting these dairies up for a good year of feed. ...
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Observations of a Gold Trader

Apr 25 1:38pm InsideFutures.com Commentary
Oppurtunities in the gold market with the recent correction in prices...
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Trump, Walker Discuss Wisconsin Dairy Dispute

Apr 25 1:21pm AgWeb
Gov. Scott Walker says he spoke with President Donald Trump about the nearly 40 Wisconsin dairy farmers desperately seeking help after being dropped by their milk buyer following a Canadian policy change.  ...
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Margin Minute: Should Calendar Really Drive Planting Timing?

Apr 25 1:00pm AgWeb
AgWeb readers question whether it’s best to lean on the wide corn-and-soybean planting window that the calendar offers. ...
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Several Challenges Waiting for Sec. Sonny Perdue

Apr 25 12:58pm AgWeb
In an 87-11 vote, former Georgia Gov. Sonny Perdue was confirmed as the 31 st Secretary of Agriculture Monday.
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Hams Experience Largest Drawdown in Over Twenty Years

Apr 25 12:45pm InsideFutures.com Commentary
Total pork is down 10\% from last year.
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US Crude Sinks Below $50 on OPEC Doubts

Apr 25 12:45pm Commodity Blog
US crude is trading under $50 on growing concerns of rising supplies. Investors are skeptical that Organization of the Petroleum Exporting Countries …...
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'Bachelor' Star Chris Soules Jailed After Deadly Iowa Crash

Apr 25 12:45pm AgWeb
Former star of "The Bachelor" Chris Soules, who was also known as "Prince Farming", has been arrested after fleeing the scene of a deadly crash in Iowa.
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MacGyver is a Farmer, Rancher and Tech Cowboy

Apr 25 12:24pm AgWeb
Jared Schott is a maverick farmer at work in the wide open spaces of South Dakota and he’s in constant pursuit of like-minded producers.
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Mid-Day Market Update: NASDAQ Hits 6,000; Heidrick & Struggles Shares Drop On Downbeat Results

Apr 25 12:23pm Commodities
Midway through trading Tuesday, the Dow traded up 1.14 percent to 21,000.63 while the NASDAQ climbed 0.59 percent to 6,018.85. The S&P also rose, gaining 0.60 percent to 2,388.34. Leading and Lagging Sectors On Tuesday, the healthcare sector proved to be a source of strength for the market. Leading the sector was strength from HealthStream, Inc. (NASDAQ: HSTM) and CTI BioPharma Corp (NASDAQ: CTIC). In trading on Tuesday, utilities shares slipped by 0.10 percent. Meanwhile, top losers in the sector included Companhia de Saneamento Basico (ADR) (NYSE: SBS), down 3 percent, and MGE Energy, Inc. (NASDAQ: MGEE), down 2 percent. Top Headline McDonald's Corporation (NYSE: MCD) reported better-than-expected earnings for its first quarter on Tuesday. McDonald's said it earned $1.47 per share in the quarter on revenue of $5.68 billion. Wall Street analysts were expecting the company to earn $1.33 per share on revenue of $5.51 billion. Equities Trading UP ...Full story available on Benzinga.com...
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Economists Temper 2017 Milk Price Forecast

Apr 25 12:17pm AgWeb
Milk prices should begin rebound in June.
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Farming Strategies for the Future

Apr 25 12:14pm AgWeb
There was a time in agriculture when greater yields always meant greater profitability. Today’s economic environment is characterized by high input costs and depressed commodity prices. ...
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Fuel On The Fire: Trump Hikes Canadian Timber Tariffs In Retaliation For Milk Duty

Apr 25 11:33am Commodities
With one taunting tweet, President Donald Trump threw wood on the fire of a skirmish with Canada that his administration insists is not war between two of the closest trade partners on the planet. Trump announced he was imposing tariffs of up to 24 percent on imported softwood lumber, retaliation for what he said were increases in tariffs on U.S. dairy products sold in Canada. “Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch!” Trump said on Twitter. Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch! — Donald J. Trump (@realDonaldTrump) April 25, 2017 The Canadian dollar fell to a four-month low after Trump's tweet. The Canadian dollar was trading at 0.7349 to the USD. Canada Hits Back A joint statement ...Full story available on Benzinga.com...
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Corn Prices Higher On Wet Weather

Apr 25 11:32am InsideFutures.com Commentary
The weather market begins...
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BASF Expands Digital Farming Portfolio

Apr 25 11:14am AgWeb
Helping grow their digital farming footprint, BASF recently acquired ZedX, digital agriculture intelligence developer of Pennsylvania. ZedX focuses on developing agronomic weather, crop and pest models to provide insight for agricultural production.
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