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This Week in Agribusiness, May 8, 2021

Jun 15, 2021 to Jun 17, 2021 Mike Wilson, Executive Editor – Farm Futures joins Mike Pearson to talk planting. Mike shares his conversations with farmers over the last week and their concerns with dryness and inflation. Mike also shares that the Farm Futures Summit and Ag Finance Boot camp is coming in June and will be in person as well as virtual components available. You can register online to for one or both events. Mike dives into the livestock market with Dennis Smith, Archer Financial Services. Dennis talks more about grain market, weather and soybeans. Chad Colby learns about new technology for bees that help monitor the hives. Gabriel Giesick, Director of Sales & Marketing, UBEES, shares how you can monitor 3-4 different aspects of the hives to check on the temperature and vitality. This information allows the farmers the ability to see inside their hives.

Afternoon Market Recap for May 7, 2021

Soybeans and wheat also make major inroads Friday Grain prices capped off another successful week with another round of grains after a round of technical buying Friday as traders maintain their focus on strong demand and dwindling supplies. Corn prices firmed more than 1.5% today, while soybeans rose another 1% higher. Most wheat contracts also finished Friday’s session nearly 1.5% higher, although spring wheat futures saw much more modest gains today. Wetter weather is returning to parts of the eastern Corn Belt starting this weekend, with large portions of Illinois, Indiana and Ohio set to see at least 1.5” between Saturday and Tuesday, per the latest 72-hour cumulative precipitation map from NOAA. Seasonally wet weather in the central U.S. is likely to extend between May 14 and May 20, according to NOAA’s latest 8-to-14-day outlook. Warmer-than-normal temperatures are likely in the Central Plains during this time.

Agtech investment keeps on rolling

Agtech investment keeps on rolling The Around Farm Progress podcast gains insight on the money that keeps pouring into the industry – and it hasn t slowed at all. Suggested Event Jun 15, 2021 to Jun 17, 2021 The pandemic has caused a fair share of financial woes across the country, but there s at least one bright spot: ag and food technology. While many thought the lockdowns and limits to travel would hinder the ability for investors in this market sector from opening their checkbooks, it turns out 2020 as one of the best years yet. Arama Kukutai, a partner at Finistere Ventures, discusses a new report digging into the investments in agtech and food tech and discusses them in this latest episode. The report, prepared by Finistiere Ventures and Pitchbook provides a deep dive into how much money these companies have gained, and how much money is really going into this industry. For 2020 the total topped $22 billion.

Morning Market Review for May 5, 2021

Plus – the most updated weather forecasts from the U.S. and abroad Corn up 3-7 cents Wheat up 2-6 cents Prices as of 6:50 am CDT. Editor’s Note: Our latest Feedback from the Field analysis is live! This week’s article features an exclusive look at corn planting progress on the Holland family dairy farm in northwestern Illinois as well as photographic evidence of my favorite nephew, Gus! The Feedback from the Field series is an open-sourced platform for U.S. growers to share and investigate growing conditions across the country. Want to get in on the action?! Click here to take our ongoing farmer survey on crop progress at any point in the 2021 grain season. Our Google Map, updated daily, provides all past responses for farm readers.

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