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9/7/10 4:46 PM
Retail NH3 prices have jumped by over $140 per ton in the last nine weeks. Both DAP and NH3 are running more than 40 percent above year-ago levels.
9/7/10 2:48 PM
Despite record milk production through the summer, milk prices are soaring higher due to the demand in the butter market. Processors and merchandisers are concerned that there may not be enough butter available for year-end and holiday needs due to the already tight supplies.
9/7/10 2:47 PM
DTN's View From the Cab farmers saw a mix of wet and dry weather during the 2010 growing season, but it was the heat in both Arkansas and South Dakota this summer that has had the biggest effect on their crops.
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Corn futures are expected to open 4 to 6 lower as of 7:15 a.m. CDT; soybeans 1 to 3 lower; wheat 11 to 13 lower.
Live and feeder cattle futures should start out with mixed prices as traders cautiously assess cash prospects. The pork complex is also expected to open with a lack of consistent price direction.
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