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Articles by Roger Ideker
DTN Grain Close: Markets Lower; Asian COVID-19 Cases Rising
Young corn rows. ©Debra L Ferguson Early Wednesday, the Wall Street Journal reported a resurgence of COVID-19 cases taking place in many Asian countries where the virus was earlier thought to be contained. July corn managed to finish unchanged on a day when nearly all other commodities traded lower. GENERAL COMMENTS: July corn finished unchanged and December corn was down 4 1/4 cents. July soybeans closed down 36 cents and November soybeans were down 30 1/4 cents.
DTN Livestock Close: Feeder Cattle Take Opportunity to Finish Higher
Cattle feed lot. Photo: K-State Research and Extension - Creative Commons The livestock complex has a lot to manage with boxed beef prices expected to top soon and the lean hog contracts avidly watching slaughter levels and pork cutout values. GENERAL COMMENTS: While both the live cattle and lean hog contracts danced around pressure, the feeder cattle contracts saw the corn market’s weaker trade and jumped to higher prices.
Missouri River Floods Case to Head to Appeals Court - DTN
The federal government and farmers and other landowners along the Missouri River basin filed notices of appeal of a ruling handed down from a federal claims court related to repeated flooding in the basin, according to court documents. In early February, the U.S. Court of Federal Claims awarded St. Joseph, Missouri, farmer Roger Ideker about $6 million for a flowage easement and repairs to a levee. Two other plaintiffs were awarded a total of about $4.2 million.
DTN Cotton Close: Market Lower on Rains
Photo by Justin Ballew, Clemson University The cotton market finished moderately lower Wednesday as traders sold the ICE futures upon seeing some rainfall across the West Texas area. Although the next few days do hold some other chances for rain there, the longer-term outlook suggests a return to drier conditions. The other shoe to drop was the massive liquidation in bitcoin and related cryptocurrencies. Overnight, China banned the use of such digital currencies in that country.
DTN Livestock Midday: Feeder Cattle Delight in Lower Corn Prices
Photo: Dr. Jenny Jennings, Texas A&M AgriLife The corn market’s lower trend into Wednesday afternoon is helping feeder cattle futures trade higher. GENERAL COMMENTS: Feeder cattle futures skip into Wednesday afternoon trade as corn faces lower prices, but live cattle and lean hog contracts are both teetering with a mixed marketplace.
DTN Cotton Open: Lower on Commodities Melt
Cotton seedlings. ©Debra L Ferguson Stock Photography The cotton market is sharply lower Friday after Thursday’s big meltdown across the commodity complex, as well as the poor showing at the first U.S.-China meeting held in Alaska. Both sides, China and the U.S., bristled at each other with each side charging the other with unsavory social, political, and economic activities.
Missouri River Flooding Lawsuit Delayed - DTN
June 20, 2011 - Aerial view of flooding from the Missouri River along the Iowa – Nebraska border. Photo: U.S. Army Corps of Engineers The Federal Claims Court has delayed a new class-action lawsuit that seeks compensation for farmers and other property owners who suffered property losses from repeated floods on both sides along a 240-mile stretch of the Missouri River.
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