With Congress raising the debt ceiling, the National Corn Growers Association says that could clear the way for lawmakers to pass the 2023 Farm Bill on time. President Tom Haag tells Brownfield leaders of the Senate and House Ag Committee know the clock is ticking. “They understand where they have... (full story)

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Eastern Corn Belt to continue to see dry conditions (full story)

COLUMBIA, SC Monday, June 05, 2023 South Carolina State Farmers Market - Prices to Growers Provided by: Specialty Crops Market News Federal State Market News Office Columbia, SC CA_FV001 Columbia Farmers Market - Wholesale prices paid to Growers until 9:00 a.m. for... (full story)

NW_PY032 Des Moines, IA Mon. Jun 05, 2023 USDA Market News Weekly Canadian Eggs ... (full story)

The Senate and House Agriculture committees are weeks or even months away from drafting the 2023 farm bill, a remarkably late start for what is always a detailed and time-consuming process. The new farm bill would be the most expensive ever and is... (full story)

GX_GR117 St Joseph, MO Mon Jun 5, 2023 USDA-MO Dept of Ag Market News Central Illinois Soybean Processor Monthly Average Report Monthly Price for: May 2023 48% Soybean Meal R 423.58 (Prices... (full story)

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By Joshua Haiar A government agency wants to keep water-draining equipment used by farmers away from federally protected wetlands in several states, including Iowa. Drain tiles are underground perforated pipes buried in farmers’ fields. They... (full story)

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Climate predictors now say drought might expand in Iowa (full story)

Brownfield’s Carah Hart will be in Watertown July 18 and 19 for the 2023 South Dakota Governor’s Agribusiness Summit. ... (full story)

Cannabis stocks have been obliterated over the past couple of years. Most are down over 90%, leading many to think that now is the time to buy! Let's explore the current market landscape and see if there are some opportunities. (full story)
MJ: 3.01 (-0.04), ACB: 0.5129 (-0.0024), CGC: 0.8008 (-0.0243), HEXO: 0.9775 (-0.0225), TLRY: 1.6850 (-0.0350), MSOS: 5.36 (unch)

Click to view report lsddfss.pdf in PDF format (full story)

Livestock markets had staged an impressive rally last week, will it continue this week? (full story)

We analyze the price action from Friday's session into the Sunday open and beyond (full story)
ESM23: 4,291.00 (+3.00), YMM23: 33,747 (-70), NQM23: 14,617.25 (+42.00), QRM23: 1,801.70 (-32.90)

Grain markets are mixed to start the week. All eyes on weather forecasts and Friday's USDA report. (full story)

Ag economists look at several reports to see how consumer confidence is holding up – especially in times of economic uncertainty.  So why do those reports matter to the ag industry – including farmers and ranchers? Scott Brown with the University of Missouri says reports like the Restaurant Performance Index... (full story)

Cotton prices are beginning the week with a mixed Monday morning. July cotton faded into Friday’s close and ended the session 37 points in the red. The other front months stayed higher, though the gains were limited to 27 points. July cotton futures were a net 270 points higher for... (full story)

Hogs were triple digits higher again on Friday. The front months were up 1.6% to 3.8% on the day, leaving the June contract with a net $10.65 gain for the week. USDA’s National Average Base Hog price dropped $4.82 on Friday afternoon to $81.76. The 5/31 CME Lean Hog Index... (full story)
HEM23: 85.650 (-1.075), HEQ23: 81.275 (-1.025), KMM23: 87.975 (-1.050)

First Notice Day for June cattle begins the delivery period on Monday. June fat cattle futures added another $1.52 to the week’s move on Friday, settling with a net $9.07 gain for the week. That was the largest single week move for the lead month since April 2020’s $9.67 loss,... (full story)
LEM23: 177.225 (+0.800), LEQ23: 173.600 (+0.700), LEV23: 176.575 (+0.575), GFQ23: 241.475 (-0.425), GFU23: 244.625 (-0.375)

Wheat futures are working fractionally to 4 cents higher to start the week. July SRW wheat saw a wide 20 cent range on Friday from -8 to +12 cents. At the close the board was 8 to 9 cents higher with July posting a net 3c gain for the week.... (full story)
ZWN23: 624-0 (+5-0), ZWU23: 636-4 (+4-2), ZWPAES.CM: 5.7306 (+0.0485), KEN23: 822-4 (+10-2), KEPAWS.CM: 7.8358 (+0.1014), MWN23: 819-6 (+12-0)

Soybeans are starting out Monday with prices mostly in the black. Overnight trade lifted the market to 10c gains, though current quotes are fractionally weaker to 2 1/2 cents higher. Meal futures were down $1.70 to $3.60 for the settle. July soymeal was down a net $4.40 for the week.... (full story)
ZSN23: 1351-6 (-0-6), ZSPAUS.CM: 13.2239 (-0.0022), ZSQ23: 1264-2 (+1-6), ZSU23: 1192-4 (unch)

Corn gapped higher in some contracts on Sunday night before rallying 5-7 cents. Prices worked back to fill their gaps but only July did. AM quotes are mostly fractionally to a penny higher though July is still down 1 3/4 cents. Aided by double digit gains on Friday, July was... (full story)
ZCN23: 604-0 (-5-0), ZCPAUS.CM: 6.3422 (-0.0520), ZCU23: 536-2 (+0-6), ZCZ23: 543-2 (+2-0)

Phil Streible with Blue Line Futures discusses the Precious Metals markets, U.S. Equity Futures, Currencies, and other commodity topics. (full story)

The Chart of the Day belongs to the electric parts manufacturer Powell Industries (POWL) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the... (full story)
POWL: 59.45 (-2.20)



Philadelphia 05-JUNE-2023 Auction Sales - Prices To Growers Provided by: Specialty Crops Market News, Federal-State Market News Service, USDA Phone: (215) 551-6791 Fax: (215) 336-0355 AF_FV160 Fairview Kentucky Produce Auction Summary Data compiled by: Fairview Produce... (full story)

3 Big Things Today, June 5, 2023 (full story)

We learned that the Debt Ceiling crisis has been averted at the last minute and the markets reacted accordingly. Will this change today? Read on to learn more... (full story)

8O_LS800 Oklahoma City, OK Mon Jun 05, 2023 USDA-OK Dept Ag Market News The Oklahoma National Stockyards is estimating 10,750 head of feeder cattle and calves for the sale Monday 06/05/2023. Source: USDA Market News Service, Oklahoma City, Ok Joe Massey ... (full story)

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It’s a very quiet week on the earnings front with just a couple of names of interest. Those include Nio (NIO), Gamestop (GME), Docusign (DOCU), Gitlab (GTLB) and Campbell Soup Company (CPB). (full story)
NIO: 7.68 (+0.12), GME: 25.16 (+0.52), DOCU: 56.62 (-0.85), GTLB: 33.26 (-0.47), VALE: 13.58 (-0.10), MARA: 9.68 (-0.35), CHPT: 8.70 (-0.37), AMC: 4.61 (+0.06), META: 273.65 (+1.04), LCID: 6.38 (-0.22), PLTR: 14.98 (+0.46), RIVN: 14.04 (-0.44), PYPL: 63.64 (-0.32), SOFI: 7.35 (+0.32), MRVL: 57.67 (-2.51), AAPL: 183.72 (+2.77), V: 226.15 (-2.64)

June S&P 500 futures (ESM23) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.25% this morning as market participants digested the U.S. debt ceiling agreement, while U.S. Treasury yields climbed following a robust May jobs report. (full story)
ESM23: 4,291.00 (+3.00), NQM23: 14,617.25 (+42.00), LULU: 357.09 (-8.35), MMM: 100.60 (-1.93), AMZN: 124.79 (+0.54), MRO: 22.99 (-0.27), DVN: 48.48 (-0.05), OXY: 59.81 (+0.12), DBRG: 13.97 (+1.13), RAIN: 1.2401 (-0.0199), EVAX: 1.5501 (+0.0701), DAWN: 15.06 (+1.46), ETRN: 9.37 (+0.29)

Click to view report AMS_2193.pdf in PDF format (full story)

Click to view report AMS_1860.pdf in PDF format (full story)

Click to view report AMS_1778.pdf in PDF format (full story)

Click to view report AMS_2187.pdf in PDF format (full story)

Click to view report AMS_1895.pdf in PDF format (full story)

Click to view report AMS_1784.pdf in PDF format (full story)

Click to view report AMS_1933.pdf in PDF format (full story)

Click to view report AMS_1928.pdf in PDF format (full story)

Click to view report AMS_2056.pdf in PDF format (full story)