The glut of corn that’s been plaguing Midwest growers is finally starting to ease, and hedge funds are betting that will help spark a rally for prices. U.S. corn inventories are set to drop before the 2018 harvest as farmers curb plantings and demand stays robust, the Department of Agriculture said Friday.
Category: United States Department of Agriculture
Hedge Funds Grow More Bullish on Corn as Supply Overhang Eases
The glut of corn that’s been plaguing Midwest growers is finally starting to ease, and hedge funds are betting that will help spark a rally for prices. U.S. corn inventories are set to drop before the 2018 harvest as farmers curb plantings and demand stays robust, the Department of Agriculture said Friday.
Family Dairy Revives Home Delivery
According to USDA, the number of dairy farms has steadily declined over the past 40 years. Rising costs forced many operators to cash-in their chips.
Low demand, disease shrivel orange crop
Things keep getting worse for citrus growers in Florida, where crop disease and slowing demand continue to threaten what used to be a signature industry in the sunshine state. The state’s orange crop is poised to shrink to what could be the smallest harvest in five decades, according to Judy Ganes-Chase, president of J. Ganes Consulting in Panama City, Panama.
U.S. Farmers Sow Smallest Winter-Wheat Acreage Since 1909
The planted acreage for winter wheat in the U.S. fell to the lowest level since 1909 as farmers from Kansas to Texas faced prospects for declining crop prices, a government report showed. Futures prices climbed in Chicago.