Here is what is going on in the agriculture industry this week…
Our first article is from February 25th, 2020. This article is a chart from The Daily Times about the changes in stock market prices.
Here are the results…
Fuels:
- Crude oil (bbl) – decreased $3.65
- Ethanol (gal) – decreased $0.38
- Heating oil (gal) – decreased $4.35
- Natural gas (mm btu) – decreased 4.09$
- Unleaded gas (gal)- decreased $2.51
Agriculture:
- Cattle (lb) – decreased $2.27
- Coffee (lb) – decreased $3.04
- Corn (bu) – decreased $1.26
- Cotton (lb) – decreased $2.03
- Lumber (1,000 bd ft) – decreased $3.86
- Orange juice (lb) – decreased $2.37
- Soybeans (bu) – decreased $1.82
- Wheat (bu) – decreased $2.86
Metals:
- Gold (oz) – increased $1.69
- Silver (oz) – increased $1.87
- Platinum (oz) – decreased $0.19
- Copper (lb) – decreased $0.97
- Palladium (oz) – decreased $3.20
Our second article is from February 23rd, 2020 put of The Daily Times.
This article basically talks about how companies are going to stop hiring people who use tobacco products or nicotine products. The new law policy, which takes effect this month, is expected to cut the company costs. There is little evidence that wellness plans will improve employee health, or lower health care costs. Smoking-related medical expenses add nearly $120 billion a year to an employer. Employers also suffer $150 billion in lost productivity due to smoking and related health issues. About 10% of employers provide other infinitives as well.
This relates to agriculture because with the employers trying to get rid of the use of tobacco products, this means the demand for farming tobacco products will go down.
Agriculture Blog 