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Farm leaders and agricultural economists at the Farm Progress Show pointed to stronger corn, soybean and wheat prices changing the financial outlook from just a few months ago. The rally is giving producers opportunities to lock in positive margins, but those gains continue to be tempered by higher fertilizer and energy costs.
Fertilizers appear to shift lower once again. Six of the eight major fertilizers are lower compared to last month, with the remaining two nutrients being slightly higher. Two fertilizers are leading the way to the downside. DTN designates a significant move as anything 5% or more.
The House on Tuesday passed the Senate's continuing resolution to fund the government through Dec. 11, while Republican lawmakers prepare to take ranchers' concerns over the Trump administration's beef agenda directly to the White House as new beef imports begin.
