China’s impact on grain markets
Gregg Doud, former U.S. trade ambassador and one of the primary architects of the U.S.-China Phase 1 trade deal, will be a keynote speaker and is expected to share his experiences on international trade.
“Stepping up to China should have been done a long time ago,” says Doud, now chief economist at Aimpoint Research. “It was a historic time for agriculture to have that conversation with China about agriculture, and it had never happened before.”
Doud will offer an inside look at what it was like to negotiate the deal and work in the Trump administration.
grafvision/iStock/Getty Images Get up to date on all you need to know at the upcoming Farm Futures Boot Camp & Business Summit.
Suggested Event
Jun 15, 2021 to Jun 17, 2021
Never has there been more uncertainty over how potential tax policy changes will impact family farm transitions. This is why the timing of the upcoming Farm Futures Boot Camp and Business Summit is so important. This 2 ½ day event offers 13 hours of learning sessions and an excellent opportunity to learn and network with some of the top industry experts.
As a planning professional, I am looking forward to learning from some of the top respected individuals in the estate planning industry such as CPA Paul Neiffer and ag law professor Roger McEowen. I’m also excited to offer a couple sessions related to how to best manage family farm transitions. Here is a review of the four sessions specifically related to estate planning, farm transition, and the proposed tax law changes:
Morning Market Review for May 7, 2021 farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
Farm Futures Summit returns with in-person meetings Join us live for management tips, market outlook and trade insights at the all-new Farm Futures Business Summit.
Suggested Event
Jun 15, 2021 to Jun 17, 2021
Is it time to meet old friends, learn a few new things, and sharpen up your farm management skillset? You bet it is, and we’re here to help. After long months of isolation the 2021 Farm Futures Business Summit is set to go live June 16-17 at the Coralville Marriott Hotel and Conference Center just outside Iowa City. This year’s agenda is packed with risk management, best practices, market outlook sessions, and much, much more. What’s in store?
But corn, soy, and wheat are all slated to post weekly gains on record rallies
Corn down 5-7 cents
Wheat down 1-5 cents Prices as of 6:50 am CDT.
Happy Friday! May options expire today, which led to a flurry of buying in yesterday’s trading session as option sellers bought futures contracts to offset their short option positions. May futures contracts move into delivery next Friday, April 30.
Chicago corn futures closed up the limit in yesterday’s trading session as cool weather continues to fuel concerns about slow germination rates and planting delays across the Heartland – which would invariably lead to few acres planted this year when supplies are already forecast to be the sixth-tightest on record. Revived ethanol production also supported yesterday’s eye-popping gains as ADM ethanol plants in Cedar Rapids, Iowa and Columbus, Nebraska come back online after idling during the pandemic.