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Breaking down the NBA Finals with agriculture

Ohio and California square off for the third straight year

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

The NBA takes center stage Thursday night as the Cleveland Cavaliers and Golden State Warriors meet for the third consecutive year in the NBA Finals.

Last year, Cleveland brought a championship back to Ohio. And in 2015 it was Golden State emerging victorious.

Basketball analysts have debated whether the dominance of LeBron James or Golden State’s addition of Kevin Durant will lift their respective teams to a championship.

Once again, Farms.com will use data from the USDA’s National Agricultural Statistics Service to determine the winner of the NBA championship.

** Signals advantage for each team

 OhioCalifornia
NBA Team
Number of farms74,50076,700**
Total acres operated14,000,00025,400,000**
Beef cow inventory (as of Jan 1, 2017)288,000655,000**
Milk production ($)$929,376,000$6,070,350,000**
Top commodity ($)Soybeans - $2,545,477,000**Strawberries - $1,834,783,000
Total value of ag products sold ($)$10,064,085,000$42,627,472,000**
Average age of principal operator56.8**60.1
Number of farms with more than $500,000 in sales4,6399,519**
Cut Christmas trees and short rotation woody crops ($)$3,988,000**$2,706,000

Judging by the data, the Golden State Warriors will be the 2017 NBA champions.

Be sure to also check out Farms.com's agricultural breakdown of the Stanley Cup Final


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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.