With placements in Friday's May 1 USDA Cattle on Feed report anticipated
to range anywhere from 96.2% to 108.5%, traders will likely remain on edge
until the data is released.
=^USDA Cattle on Feed Report Preview
USDA Undersecretary for Farm Production and Conservation Richard Fordyce
said landowners should start to receive notifications within the next month
about whether they have farmland eligible for enrollment in base acres. Fordyce
also acknowledged at least some local county offices are facing staffing
challenges.
FUSDA Ready to Add 30 Million Base Acres
Ag machinery manufacturers are feeling the pain of a down market but
continue to roll out new technology, new equipment, winning designs and
celebrate a close connection with its military veteran farmers.
BEquipment Roundup
Over the next several weeks, spot July soybean futures could move in
either direction with both bullish and bearish factors likely to assure
continued volatility in the weeks and months ahead. Iran, China and large
speculators could all have a say in which direction soybeans go.
:^Technically Speaking
The U.S. Drought Monitor uses multiple factors beyond rainfall to classify
drought intensity, but has limitations including lagging indicators, data gaps,
and human authoring biases.
4^Ag Weather Forum
