Agriculture

Grain markets trade higher in front of USDA Planting Progress report due out later today.

Traders are looking forward to next Monday (June 4) corn planting progress numbers. The latest planting progress reading on May 28 for corn was 49%, well below the ten-year-average of 80%.

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.