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Southeast Regional Ag News
To get the best out of each animal, producers have to put their best into it,
Southeast Regional Ag News
Registration is still open for the August 12-13 event featuring farm tours, NCBA clinicians, and breakout sessions.
The Agribusiness Update
Alabama residents could qualify for USDA's D-SNAP aid, and National Pork Producers Council calling for California's Prop 12 to be declared invalid.
The Agribusiness Update
A revised Paycheck Protection Program includes a new EZ version that agricultural borrowers can use, and USDA and FDA are questioning food export restrictions pertaining to COVID-19.
Land & Livestock Report
SBA Opens Up Loan for Farmers and Ranchers
Grains ended the week in a familiar pattern closing with losses. Outside
markets were mostly negative as the dollar index was higher, precious metals lower and crude oil slightly lower.
Wheat futures saw another choppy week of trade and finished near steady to marginally higher for the week.
Weakness in the corn market plus sluggish export demand news and talk of improving weather for the new crop later this week helped to pressure the wheat market on Friday.
The Chicago wheat market traded sharply higher on the day Friday following a week that saw extreme amounts of liquidation and profit taking.
Wheat traded sharply lower heading throughout the trading session on Friday as pressure spilled over from the corn pit and perhaps from a general deterioration of global macro economic expectations.
In the wheat market on Friday, funds were active sellers even with a positive tilt to outside market forces.
The steep rally in the US dollar and more talk of improving crop conditions ahead helped to encourage more selling and the weakness in the other grains added to the negative tone on Friday.
The USDA report for wheat Friday was slightly supportive with the U.S. ending stocks coming in at 825 million bushels as compared to 845 million last month.
Food Forethought
Sometimes we take our morning coffee ritual a little too seriously. Lacy takes a look at what happens when a wrench gets tossed into the works!