Illinois State

Grains end lower again on Tuesday seeing more fund selling pressure on the lack of news and the lack of a weather threat. Allison Thompson with The Money Farm says the change in the weather forecast which put rain into the prime areas of the Corn Belt started the selloff on Friday and its been a downhill slide since then, especially for soybeans.

AgDay Markets Now: Allison Thompson Says Funds Sell Grains With Favorable Weather and Crop Ratings

Reuters

(Reuters) -Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.

CNH Industrial lowers profit forecast on slow demand for farming products

The US crop insurance sector is grappling with significant challenges due to lower commodity prices and adverse weather conditions, according to a new report by A.M. Best. The report anticipates further declines in crop premium levels for 2024, following a modest 3 percent drop in 2023 that left premiums at $20.8 billion. Corn and soybean yields are forecast to be slightly higher than in 2023. However, futures prices for these crops, along with wheat, have decreased moderately, remaining within producer deductibles.

US Crop Insurance Faces Pressure from Drought and Price Volatility

Wisconsin State

California and Wisconsin still dominate U.S. milk production, accounting for one-third of total output, but the dairy industry went through a substantial restructuring in the past 20 years, said USDA analysts. There were 26,290 dairy herds licensed to sell milk in 2023, compared to 70,375 herds in 2003; and milk production of 226.4 billion pounds last year was 33% larger than the 170.3 billion pounds two decades earlier.

Two of every three U.S. dairy farms vanished in a generation, but milk production rose by a third

Denver, CO

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David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Missouri State

Fulton, MO

CJ Coombs

Updated on July 17, 2024, concerning two of the missing children listed below. Bringing them home: for 40 years, the National Center for Missing and Exploited Children (NCMEC) has been helping to locate missing children.

Seven teenagers have been missing in Missouri since June 2024

Warren Buffett manages a $400 billion portfolio for Berkshire Hathaway. His investments include several top companies that he expects to hold forever. One Buffett stock stands out as having better-than-average prospects, along with excellent downside protection. Buffett says investors can expect solid results from this top stock. Warren Buffett made...

1 Low-Risk Stock That Should Outperform the S&P 500, According to Warren Buffett

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Florida State

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

Waterloo, IA

Deere & Co. is reducing its salaried global workforce as tractor sales weaken through a difficult farm economy, adding to a series of recent layoffs across the company. Increased operational costs and demand declines have “unfortunately forced us to make tough decisions,” a Deere spokesperson told Agriculture Dive in an email on July 25. The company confirmed salaried workforce reductions were taking place, but did not disclose exact numbers or estimates.

Deere lays off salaried workers as sales tank

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Arizona State

Arizona Luminaria

Arizona’s abortion rights initiative is one step away from being considered by voters in the fall, after the campaign behind it turned in more than double the number of signatures necessary to qualify for the ballot.

Abortion rights measure files more than double the signatures to appear on the November ballot

Lean hogs felt weakness across most contracts on Tuesday, with losses of 5 to 45 cents. The USDA National Base Hog price was reported at $84.68 in the Tuesday afternoon report, a $61 cent increase from the day prior. The CME Lean Hog Index was $92.29 on July 26, up 44 cents from the previous day.

Hogs Fall on Tuesday Trade

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

South Carolina State

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Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

USA TODAY

GDP surprised economists who expected lower growth last week. Here's the latest economic news that could impact the Fed's interest rate decision.

Here's where the economy stands as the Fed makes its interest rate decision this week

The S&P 500 has produced a positive return 100% of the time during the second half of election years involving an incumbent president. The S&P 500 has returned an average 4% during the second half of presidential election years, but it has returned an average of 11% when the election involved an incumbent (like Joe Biden in 2024).

This Stock Market Indicator Has Been 100% Accurate Since 1964. It Signals a Big Move in the 2nd Half of 2024.

Sam Westreich, PhD

It’s not humans. How a survivor of a super-extinction repopulated our planet. There are more than 8 billion humans alive at this moment on Earth (unless something has gone horribly wrong). But humans aren’t the only dominant mammals.

For Millions of Years, Earth Was Dominated by a Single Vertebrate Genus

NewsBreak

Increasing pessimism about 2024 and 2025 corn and soybean returns

Current levels of futures contracts suggest that appropriate budgeting prices for 2024 crops production are $4.00 per bushel for corn and $10.50 per bushel for soybeans....

Increasing pessimism about 2024 and 2025 corn and soybean returns

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