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North Mountain Ag Services

WEEKLY UPDATE APRIL 2, 2104

NORTH MOUNTAIN AG SERVICES WEEKLY UPDATE April 2, 2014 Agricultural News: Corn prospective plantings lower than expected Soybean pricing and the global picture Dairy prices and farm income Pork prices, will they ever soften? Market Updates: This week’s USDA report was bullish for corn futures, with the prospect plantings forecast at 91.7 million acres, which would represent a 4% reduction from 2013.  With corn stocks running close to 30% higher than last year, grain farmers continue to hold on to last year’s crop.  Futures traders have been reluctant to enter into the market, and trading volume is much lighter than last year at this time. Soybeans were a different story in the USDA Prospective Plantings Report.  The forecast is for plantings to increase over 6% from last year.  With soy and protein prices remaining firm this month, speculators in...

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