Wheat Prices should use Patriots Playbook
I'm not a fan of the NFL Patriots, yet I must admit that was quite a comeback for victory...I hold hope that wheat prices are poised to do the same?!?!
Ag financial trends - An article about the current financial condition of agriculture and trends to watch for. Financial Trends to Watch
Deutsche Bank - Thinly veiled attempts to cover fraudulent trades create $629 million in fines...Money Laundering Failings
Financials - Large bond fund dumps risky bank debt. Bond fund dump
Fertilizer - An article on the current price of fertilizers and the expectation of prices for this spring's needs, cited from Iowa State extension. Fertilizer price expectations
Livestock - With total numbers up 2%, feedlot placements up 18% from a year ago, downward pressure is expected on the cattle market. Downward Pressure continues
Markets - Soybean traders are nervous long, as the Argentine crop fills. This past week saw money flow influence the markets. Money flow influences markets
MYA - Here's the latest market year average price for wheat; K-State pegs the current 16/17 estimate at $3.80, final is announced in early June after May prices are known for completion of the marketing year. ARC reference price for 2016 is $6.70.
Snow mold - There have been several reports of snow mold damage present in areas of the PNW. Frankly, this is not surprising given how moist conditions were when winter arrived and the extended snow cover we've had across the region. Hopefully sufficient root reserves exist to power the plant out of dormancy as fungicides are generally not cost effective. WSU-mapping snow mold resistance
Weather - Art Douglas will be in Spokane tomorrow to provide his weather forecast for our region. This past week, Mr Douglas was a speaker at the Cattlemen's conference, here's a glimpse of what he believes the future holds...possible concern for the PNW? forecast for PNW
WFRP - This coming Thursday, February 9th, beginning at 2pm at the McGregor Company training center on Airport Road in Colfax, we will be hosting a whole farm revenue seminar. Dave Paul, formerly the RMA director of Spokane will be leading the discussion. Please plan to attend if you have any interest and questions on application for your operation.
Until next time...
Well begun is half done...
McGregor Risk Management Services, LLC
Cell - 509.540.2632
Office - 509.843.2599
Fax - 509.843.2583