Thursday, April 27, 2017 7:13AM CDT
Average retail fertilizer prices continued to be fairly steady with no significant moves either higher or lower the third week of April 2017. With the opening of Iowa Fertilizer Company's new nitrogen fertilizer production facility near Wever, Iowa, last week, farmers in the Midwest could potentially see lower prices for nitrogen fertilizer over time.
Thursday, April 27, 2017 7:12AM CDT
According to an ancient Latin proverb, "The farmer reaps with the plow." As important as planting date may be to an individual field's yield prospects, the U.S. corn and soybean futures markets seem largely unconcerned with planting season weather.
July corn was 1 cent higher, July soybeans were fractionally lower, and July Kansas City (HRW) wheat was 1 cent higher.
Live and feeder futures should open solidly higher, supported by follow-through buying, technical encouragement, and cash optimism. Lean hog contracts are likely to begin moderately lower, checked by residual selling and uncertain product demand.