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How Agricultural Cash Settled Contracts Work

Cash Settlement vs. Physical Delivery In a contract that is physically delivered, the underlying physical market is inherently tied to the futures contract through the delivery mechanism. At contract expiration, any entity with remaining positions will be matched against an entity with an opposite position, and the process of physical delivery will begin. Eventually, the…

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USDA Announces Approval of D-SNAP for Arkansas Disaster Areas

USDA

WASHINGTON, June 21, 2019 – Arkansas residents recovering from recent major flooding in 12 counties could be eligible for a helping hand from USDA’s Disaster Supplemental Nutrition Assistance Program (D-SNAP) announced today by the U.S. Department of Agriculture. Households who are not normally eligible under regular SNAP rules may qualify for D-SNAP if they meet…

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Keeping The Faith In Arkansas Beef Prices During Tough Times

Keeping The Faith In Arkansas Beef Prices During Tough Times

While reading recent news regarding beef prices and the cattle business, we came across the Cattlewomen’s June News that was refreshingly encouraging. Betty Garner, the Arkansas CattleWomen’s Association President, wrote about the amount of rain we have been receiving with some good news: “This year has really been different. Never before do I remember this…

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Signing Ceremony Sets Terms of NBAF Transfer from Homeland Security to USDA

USDA

(Washington, D.C., June 20, 2019) – Officials from the U.S. Department of Agriculture (USDA) and the Department of Homeland Security (DHS) today signed a Memorandum of Agreement (PDF, 166 KB) that formally outlines how the departments will transfer ownership and operational responsibility for the National Bio and Agro-Defense Facility (NBAF) from DHS’ Science and Technology…

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USDA Announces Feral Swine Eradication and Control Pilot Program

USDA

WASHINGTON, June 20, 2019 – The U.S. Department of Agriculture (USDA)announced today it is offering $75 million in funding for the eradication and control of feral swine through the Feral Swine Eradication and Control Pilot Program (FSCP) in a joint effort between USDA’s Natural Resources Conservation Service (NRCS) and Animal and Plant Health Inspection Service…

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Chinese Yuan: Beware of Boundaries

The Chinese yuan, or renminbi, is very sensitive to developments in the trade war.  When tensions ease, as they did at the end of 2018 and early 2019, the Chinese currency tends to appreciate against the USD.  When tensions escalate, like in May 2019 as prospects for a trade deal evaporated, the Chinese currency depreciates.…

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Oil: Three Signs of Prices Hitting Bottom

Let’s begin with soybean oil. Soybean oil prices hit bottom on November 26, 2018, nearly one month before crude oil hit bottom. The subsequent rally in soybean oil presaged crude oil’s 57% advance between December 24 and April 23. Soybean oil prices peaked on February 7 this year and began a 15.5% decline that hit…

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USDA World Agricultural Outlook Board Chair Dr. Seth Meyer to Depart

USDA

WASHINGTON, June 19, 2019 – USDA Chief Economist Robert Johansson has announced the departure of USDA World Agricultural Outlook Board Chair Dr. Seth Meyer, effective July 13, along with the appointment of Deputy Board Chair Dr. Mark Jekanowski as acting board chair. “Seth has been a real asset to USDA, OCE, and the World Agricultural…

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Copper's Options Paradox

Before we delve into the copper options markets, however, here is a brief reminder of the economics of copper. While the general cost of copper options is closely related to U.S. monetary policy, Chinese growth has the most direct influence on copper prices. More specifically, copper prices, like many commodities such as other industrial metals,…

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Will Fed Rate Cuts Bolster Job Growth?

About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports…

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