STOCK UPDATE: Dow 30: 32,240.44 (-414.15); Nasdaq: 11,765.94 (-218.58); S&P 500: 4,026.46 (-62.39) (Stocks Stumble As Target’s Plunge Weighs On Retailer Stocks)
Market Update
Gas prices UP 16 cents this week to $4.49, up $1.46 from last year. Diesel prices down 1 cent this week to $5.61, up $2.36 from last year
Cash Prices
BEFORE THE BELL: U.S. stock index futures were higher, led by a global rally on optimism about an easing of China's crackdowns on tech and COVID-19, but concerns about rising prices worldwide set a nervy tone in markets as investors wait for more signals from policymakers (Reuters)
Market Update
Walmart cut its full-year profit forecast, signaling a bigger knock to the retail giant's profit margins from surging costs of everything from fuel to labor (Reuters)
Market Update
DROUGHT MONITOR: Conditions have split across the Great Plains, with western parts deteriorating and eastern parts often drought-free (see western vs. eastern Oklahoma)
Weather
Instacart has confidentially filed with the U.S. securities regulator to go public, the online grocery delivery app said on Wednesday, weeks after the pandemic darling slashed its valuation by 40% (Reuters)
Market Update
TODAY'S AG WEATHER: In the Corn Belt, another significant rain event is keeping fieldwork at a virtual standstill across the Dakotas and western Minnesota
Weather
AG ECONOMY BAROMETER: Producer sentiment improves with strengthened commodity prices, but high cost inflation worries farmers
Market Update
Coke’s stock hit an all-time high yesterday after smashing Wall Street's earnings expectations, posting growth in every category (Robinhood)
NBW Market Commmentary
BREAKING: Police said they have captured Frank R. James, the suspect in the Brooklyn subway shooting that seriously injured 10 people, ending a tense daylong manhunt (NPR)
Market Update
USDA CROP PRODUCTION: The United States all orange forecast for the 2021-2022 season is 3.79 million tons, up less than 1 percent from the previous forecast but down 14 percent from the revised 2020-2021 utilization
WASDE
DES MOINES WEATHER: Breezy and cooler today - expect winds to gust 20 to 30 mph at times today. (NWS)
Weather
Ukrainian forces are preparing for new Russian attacks in the southeast region where Moscow's guns are now trained after its assault on the capital Kyiv was repelled (Reuters)
Market Update
Biden's USDA Budget Proposal Seeks Big CRP Boost with $2.4B to Enroll Targeted 27 Million Acres (AgWeb)
Farm Journal
LANCASTER, PA: Scattered snow showers, mainly after 5pm. Partly sunny, with a high near 33. Breezy, with a northwest wind 13 to 22 mph, with gusts as high as 37 mph. Chance of precipitation is 30%
Weather