Agriculture

Steve Irish used to farm 450 acres of rich crop fields in east-central Illinois, but that 15-year chapter of his life ended with a recent conversation with his banker.

Precious metals will drop amid rising real interest rates, while agriculture prices are set to decline as inventories increase.
Precious metals will drop amid rising real interest rates, while agriculture prices are set to decline as inventories increase.
Prognoz, a global provider of business analytics solutions, today introduced Prognoz DataM, a web-based tool for monitoring and analyzing economic indicators in the agricultural sector.
An extension of U.S. agriculture subsidies to late January was rebuffed by Senate Democrats, who said they won’t pass any plan sent to them by the House before the members leave Washington late this week.
The Senate panel responsible for confirming President Barack Obama’s picks for the CFTC said it won’t act this year.
The trade is watching how much crop is getting in the ground, as weather becomes a major factor in short-term price moves.
Drought may persist from California to Texas while improving slightly in the Great Plains as temperatures soar above normal across most of the U.S. from April through June, the Climate Prediction Center said.
Above-average rainfall is needed in the U.S. Midwest and Great Plains to replenish soil parched from last year’s drought and ensure adequate harvests, a climatologist with the National Drought Mitigation Center said.
Agriculture always has been a part of Chris Myers’ life. The founder of M6 Capital Management grew up on a 2,000-acre farm in Mississippi, where his family grew row crops and raised catfish.