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Ag community celebrates the first day of Spring

Social media full of springtime messages

By Diego Flammini
Assistant Editor, North American Content
Farms.com

It appears farmers have made it through another winter and spring is finally here.

Spring officially arrived around 6:30 a.m. Eastern and members of the ag community filled social media with messages celebrating spring’s arrival by using the hashtags #Plant17 and #FirstDayOfSpring.

 

 

 

 

Also trending on social media is the hashtag #InternationalDayOfHappiness. And one organization incorporated all of the trending topics into one social media post.


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

Video: Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz


The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.