Warren Buffett Loves This Cheap Dividend Stock and So Do Company Insiders
With Warren Buffett’s Berkshire Hathaway holding over 28% of its shares and company insiders also buying in, Occidental Petroleum is a cheap energy stock with strong fundamentals.
Wheat Falls on Monday, Though Harvest Remains Slow
Wheat futures were lower on Monday, with contracts falling across the three markets. Chicago SRW futures were down 7 to 8 cents across most front months. Kansas City HRW contracts were 4 to 5 cents lower on the session. Minneapolis spring wheat futures ere 9 to 12 cents in the...
Corn Bears Remian in the Driver’s Seat on Monday
The corn market posted sharp losses of 8 to 12 cents across most contracts on Monday. The front month CmdtyView national average Cash Corn price was down 9 3/4 cents at $4.11 1/4. After a Friday rally, crude oil gave some of the gains back, down $1.54/barrel. After the Monday...
Hog Rally Continues on Monday
Lean hog futures saw gains of $1.97 to $2.55 on Monday after gapping higher at the open. USDA’s national average base hog negotiated price was reported at $106.12 on Monday afternoon, up $1.17 from the day prior. The CME Lean Hog Index was up $1.06 on June 12, at $102.81....
Cattle Bulls Push Back
Live cattle futures posted gains of $1.925 to $3.10 on Monday, taking back some of Friday’s weakness. Cash trade has yet to get kicked off this week. It was reported at $235 in TX and $233-238 KS last week, with northern trade at $380 dressed and $240-242 live trade in...
Soybeans Close Mostly Higher as Bean Oil Settles Up the Expanded Limit
Soybean futures held on to the gains late in the day, as contracts were steady to 5 cents higher at the close. The cmdtyView Cash Bean price was 1/4 cents lower to $10.20 1/4. Soymeal futures fell $7.90 to $8.10/ton, as the EPA announcement is not friendly for the other...
Cotton Pushes Higher into the Close
Cotton futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures are giving some risk premium back as Iran there was light talk of negotiations. The US dollar index was back down $0.396 to $97.780. The weekly Crop Progress report indicated that the US...
Cattle, hog futures higher to start the week
At the Chicago Mercantile Exchange, live and feeder cattle were sharply higher, supported by the recent fundamentals. August live cattle closed $3.10 higher at $215.55 and October live cattle closed $2.97 higher at $212.90. August feeder cattle closed $3.80 higher at $310.22 and September feeder cattle closed $4.02 higher at...
A dry start to the growing season
A farmer in southeast South Dakota says conditions are dry as the growing season begins. “It’s going to take consistent and timely rains to have a bountiful crop.” Kevin Deinert says his farm in Davison County is missing rain other counties in the state are getting, but despite a lack...
Wisconsin’s corn and soybean conditions decline
Mixed weather conditions in the last week across Wisconsin have led to a decline in the corn and soybean conditions ratings. USDA says corn conditions are 71 percent good to excellent, down three percentage points from the previous week. Soybean conditions are 72 percent good to excellent, down seven percentage...
Rough start to growing season for Iowa farmer
North central Iowa farmer April Hemmes says the growing season is off to a rough start. “I was in the area where a lot of people had to replant. I was very fortunate (because) I only had to replant about 30 acres of corn, and I spiked in some soybeans...
Stocks Settle Higher on Possible De-Escalation of Israel-Iran War
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.94%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.42%. June E-mini S&P futures (ESM25 ) are up +1.00%, and June E-mini Nasdaq futures...
Corn, wheat down on weather, soybeans follow bean oil
Soybeans were mostly higher. Soybeans continued to follow bean oil, which made another run to new highs on last week’s bullish RVO numbers. That included an expanded trading limit up move in July bean oil. Meal was pushed to new lows by on the likelihood of a stronger soybean crush...
Northeast Nebraska farmer says crop conditions are excellent
Northeast Nebraska farmer Greg Anderson says crop conditions have significantly improved over the last month. Anderson_June 1 :13 “at.” “I picked up a little more than 6 inches of rain since May 18. It went from an extremely dry, dry situation after planting to now having enough topsoil moisture to...
Wet weather patterns now impacting emerged crops
A west central Indiana farmer says consistent rainfall has been the biggest challenge this year. Kevin Cox says he finished planting on May 31st. “In this part of the world, there’s still several fields that aren’t planted,” he says. “Just a lot of ground that’s either underwater or completely saturated....
