The Crowley Report 9/29/14

The Crowley Report 9/29/14 Commodities in general remained under pressure all week with robust yield reports and an ever strengthening dollar providing the weight to corn, beans and wheat.  Outside of expectations of large productions, pressure also came from rumors of China suspending the import approval process for genetically modified soybeans (low public acceptance in China is cited as the reason for the potential suspension). Are they looking for a way out of high priced purchases? Some Center and Southern Midwest elevators are already having trouble handling all of the new supply as the harvest expands. Cash basis bids are under pressure and barge freight rates have soared to new record levels.  Daily Midwest yield reports continue to be astounding. Each day we expect [more]

Phoenix Spotlight Farm: The Kayhart Brothers Dairy

Resiliency.   It’s the word that comes to mind when I think of the northeast landscape, forests, and farmlands.  There’s a resiliency to the Northeast. It bounces back, it seems to always overcome misuse, disturbances, and disasters.  Every time. It bounces back just as healthy, productive, and beautiful.  There are very few places on earth with the this type of ecological resiliency, and maybe the only thing more resilient than the Northeast’s land, I think, are its people. I had the privilege of sitting down with Tim and Steve Kayhart of Kayhart Brothers Dairy, a Vermont Dairy of Distinction in West Addison, Vermont.   They took the time out of their busy schedule to talk about their farm, their parents, and farming in [more]

The Crowley Report 9/22/2014

The Crowley Report 9/22/2014 New contract lows traded to end the week for corn, wheat, and soybeans. There is likely more downside risk in all of these markets as traders are focusing on the huge crop coming our way. Some are looking for a further increase in yield projections for the USDA S&D report for both corn (approaching 180 bpa?) and soybeans (near 50 bpa?). Only time will tell, but early indications point toward this crop getting bigger, not smaller in the October report. The early Midwest yield reports remain good, and follows a trend of yields from the Delta and Gulf states. Huge supplies ready to move on the market, the start of planting in Brazil and the favorable weather for harvest in the Midwest [more]

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