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Pacific Ocean Atmosphere Indicator Continues Building Toward El Nino

Ag Weather Forum

Pacific Ocean Atmosphere Indicator Continues Building Toward El Nino

Australia SOI value shows 2026 compares favorably to recent analog strong El Nino years.

The long-established Pacific Ocean atmospheric indicator of El Nino or La Nina, the Southern Oscillation Index (SOI), shows notable signs of El Nino strength as...

"Pacific Ocean Atmosphere Indicator Continues Building Toward El Nino"
At This Point, It’s Not If But When New World Screwworm Appears in US

Call the Market

At This Point, It’s Not If But When New World Screwworm Appears in US

With cases of New World screwworm moving closer and closer to the U.S. border, it's only a matter of time before the first confirmed case in this country is announced. At that point, cattlemen need to be the voice of reason to the media outlets and consumers that American beef remains a safe and well-trusted product.

You’ve thought it. I’ve thought it. It’s time we say the damn thing out loud. It’s not a matter of if New World screwworm comes...

"At This Point, It’s Not If But When New World Screwworm Appears in US"
Urea Moves Lower; 6 Fertilizers Continue To Be Slightly Higher

DTN Retail Fertilizer Trends

Urea Moves Lower; 6 Fertilizers Continue To Be Slightly Higher

Retail fertilizer prices continue to be mostly higher compared to last month. However, two fertilizers were lower than a month ago: Urea by 5%, with an average price of $823/ton, and UAN32 slightly lower with an average price of $585/ton.

OMAHA (DTN) — Retail fertilizer prices continue to be mostly higher, according to prices tracked by DTN for the fourth full week of May 2026.

"Urea Moves Lower; 6 Fertilizers Continue To Be Slightly Higher"
Iowa Rep. Feenstra Loses Gubernatorial Primary Despite Backing by Trump

Feenstra Defeated in Iowa Primary

Iowa Rep. Feenstra Loses Gubernatorial Primary Despite Backing by Trump

In a surprise on Tuesday night, Rep. Randy Feenstra lost the Iowa Republican gubernatorial primary to first-time candidate Zach Lahn, a businessman and farmer. Feenstra had the backing of President Donald Trump, but Feenstra also failed to engage his opponents, which drew criticism from primary voters.

This article was originally published at 7:44 a.m. CDT on Wednesday, June 3. It was last updated with additional information at 8:20 a.m. CDT on...

"Iowa Rep. Feenstra Loses Gubernatorial Primary Despite Backing by Trump"
Beef, Bourbon and Brews: Texas Family Diversifies to Sustain Farm for Generations

Family Focuses on Diversification

Beef, Bourbon and Brews: Texas Family Diversifies to Sustain Farm for Generations

Family added enterprises to operation so future generations can continue the farm's legacy.

John Evans’ young son, Oliver, ran down the corn row ahead of his dad while Evans showed us around a good portion of the family’s...

"Beef, Bourbon and Brews: Texas Family Diversifies to Sustain Farm for Generations"
USDA Ramps Up Defense Against NWS as Pest Closes in on US Border

Latest NWS Case Is 25 Miles From US

USDA Ramps Up Defense Against NWS as Pest Closes in on US Border

The New World screwworm parasite is rapidly approaching the U.S. border, with the closest confirmed case now just 25 miles away in Mexico's Coahuila state. USDA is aggressively combating the threat through border surveillance, sterile fly releases, and expanded monitoring while stressing that the pest poses no food safety risk, but is a serious danger to U.S. livestock.

REDFIELD, Iowa (DTN) — New World screwworm (NWS) continues to move closer to crossing the U.S. border with the closest case being 25 miles away...

"USDA Ramps Up Defense Against NWS as Pest Closes in on US Border"
ADM Ethanol Class-Action Approaches Turning Point After Fifth Exclusion Motion

ADM Ethanol Lawsuit Nears Key Ruling

ADM Ethanol Class-Action Approaches Turning Point After Fifth Exclusion Motion

A federal court is nearing a decision on whether expert witness Shaun Ledgerwood can testify in a class-action lawsuit alleging Archer Daniels Midland manipulated ethanol markets.

LINCOLN, Neb. (DTN) — A federal judge in an ongoing class-action lawsuit against Archer Daniels Midland may be getting closer to rendering a final decision...

"ADM Ethanol Class-Action Approaches Turning Point After Fifth Exclusion Motion"
Is It a ‘Go Devil’, ‘Go Dig’ or ‘Corn Sled’?

Russ' Vintage Iron

Is It a ‘Go Devil’, ‘Go Dig’ or ‘Corn Sled’?

Cultivating corn is a bit of a lost art on the farm. No-till practices have made cultivation nearly obsolete on many row-crop farms. One cultivating implement decades ago was called a "go devil." Some farmers might have referred to this as a "go dig," and others might have called it a "corn sled." What did you call it?

When I was a kid, my uncle and dad would usually cultivate their corn, a practice that has waned over the decades with the popularity...

"Is It a ‘Go Devil’, ‘Go Dig’ or ‘Corn Sled’?"
Succession’s Secret Sauce

Family Business Matters

Succession’s Secret Sauce

Strong friendships provide crucial emotional support, accountability and shared wisdom that can help senior generations navigate difficult leadership transitions.

Management succession in a family business is easy to define but hard to do. Put simply, it is the act of transferring authority and responsibility...

"Succession’s Secret Sauce"
Australian Wheat Production Expected to Drop 26%

Canada Markets

Australian Wheat Production Expected to Drop 26%

Amid drought, El Nino and crop input concerns, ABARES gave a pessimistic June outlook for the 2026-27 winter crop potential.

In its June 2026 crop report, Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) painted a gloomy picture of production potential for their...

"Australian Wheat Production Expected to Drop 26%"

Weather

What DTN is Watching

Markets

On Wednesday, the EIA will release the weekly Petroleum Status report at 9:30 a.m. CDT, including last week’s ethanol production. There are no other major reports scheduled. Traders will as always watch U.S. weather as well as the situation in the Middle East as fighting has again escalated through this week.

Weather

A system that has been spinning around the Northern Plains and Canadian Prairies is finally starting to push eastward on Wednesday, but will continue scattered showers and thunderstorms in the region throughout the day. Showers extend down through the Plains as well, producing some much-needed rainfall in some very dry areas of the country.

Farm Credit Rates

DTN Ag Interest Rate Snapshot
TODAY- LAST YEAR
as of:6/3/266/3/25
BENCHMARKS
Prime Rate6.758.25
30-Day Libor5.19
1-Year Libor5.91
10-Yr. Treasury4.503.73
CCC Loan Rate4.7505.750

Closing Market Comment