Credit demand rises in U.S. farm economy as incomes fall

Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year, as grain and livestock prices remain stubbornly low, according to reports from Federal Reserve Banks on Thursday.


Weather expert predicts $6 corn

Would you believe a $6 to $7 corn price prediction? Bill Kirk, a weather statistician and owner of Weather Trends 360, asserts that corn prices could hit the $6.50 to $7 range this summer. According to his weather outlook, 2016 will mean lower yields both in the U.S. and in Brazil, reversing the current supply and demand debacle.


Global dairy markets down again

Both prices and volume were down today on the GlobalDairy Trade (GDT) auction in New Zealand, with the weighted average price down 1.4% to $2,405 per metric ton. Analysts believe prices must climb to at least $3,000/ton for a global price recovery to occur.


Class III & Class IV diverge

Class III and cheese futures traded mixed to mostly lower on Monday, with nearby contracts holding value, while deferred months continued to erode


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