On January 6th, 1995 a man named McArthur Wheeler, wearing no mask, robbed two Pittsburgh area banks in broad daylight, along with an accomplice. Images captured by bank security cameras showed the would-be robber holding a gun to the teller and in April of that year were shared on the 11 o’clock news. Tips came…Details
The name of the game among producers in commodity markets is to support prices by winding down stocks. In this blog post we begin by exploring this relationship and then illustrate the lengths that producers, should, in theory, go to achieve tight stocks. In short, the relationship between ending stocks and price is often so…Details
Since record-keeping began in 1851, the daily probability for a named storm being present in the Atlantic Basin peaks on September 10th. While that day has come and gone, and the state’s agricultural interests dodged a bullet in Hurricane Dorian the Atlantic hurricane season does not end until November 30th – making now a good…Details
Were southern soybean farmers at top of mind in the design of recent USDA tariff and disaster relief programs?
It is no secret that the US agricultural sector has undergone a difficult past few years. Going into 2018 prices were low as part of the natural ebb and flow of a commodity cycle that is largely dictated by market fundamentals of petroleum as well as the strength of the US dollar. While most seasoned…Details
For many years, the agricultural sector has tried to connect with its customer base by highlighting the ways in which scientific advancements and improved farming practices have contributed to a global food supply which is safer, more abundant and lower cost. While this line of reasoning resonated strongly with older generations, who lived through economic…Details
Looking at a map of soybean production nationally, it is clear that production is concentrated in the Midwest, Northern Plains and Mississippi Delta. In this same map, North Carolina stands out as an island of production, or, for those sticklers for geography – the southernmost part of an archipelago of production, on the Eastern Seaboard.…Details
More than most industries, agriculture, because of its connection to the natural world, its essentiality to sustaining life, and its importance to the rural economy, is overseen by government policy the world over. In the United States, the institutions that may spring to mind in this context are most often Federal in nature, including entities…Details