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  • Mar 4, 2014
    blog

    Crop insurance decision time

    March 15 is the deadline to purchase crop insurance for the 2014 crop year for corn, soybeans and spring wheat in Minnesota and other Upper Midwest states. As of March 1, the USDA Risk Management Agency (RMA) has finalized the 2014 crop prices in the Upper Midwest for Yield Protection (YP) policies, as well as the base prices for Revenue Protection (RP and RPE) policies....More
  • Feb 28, 2014
    video
    Corn and Soybean Digest

    5 Common mistakes in grain marketing

    Ed Usset spoke to a ballroom full of farmers at Commodity Classic in San Antonio about the five most common mistakes made in grain marketing. From reluctance toward pre-harvest pricing to lack of an exit strategy, Usset offered scenarios of those mistakes, as well as what they cost, and some advice for 2014....More
  • Feb 27, 2014
    video
    Corn and Soybean Digest

    Corn, Soybean global outlook: 2014 and beyond

    ...More
  • Feb 25, 2014
    blog

    Soybean bulls see South America crop getting smaller 1

    Soybean bulls are talking more extreme weather conditions in Brazil: dry conditions in some areas and flooding in others. Bottom-line, the trade seems to be flip flopping on production estimates....More
  • Feb 25, 2014
    blog

    Ag trends: Debt concentration, cycles and new farmers, bankers 2

    David Kohl's Road Warrior travels took him to the National Agricultural Bankers Conference, where he moderated sessions, and also took some in. He noted some themes at the conference, including debt concentration among farmers, new bankers and farmers as well as cycles in agriculture....More
  • Feb 25, 2014
    blog

    Looming price risk ahead for corn, soybeans 1

    A year ago at this time, the local cash corn price in southern Minnesota was near $7 per bushel, compared to slightly over $4 per bushel in late February this year. This is lowest cash corn price in late February since 2010. In recent years, we kind of got drawn into a mentality that corn prices of $5-7 per bushel were the “new normal,” rather than a temporary price upswing; however, that type of thinking could change quite dramatically in the coming years. Farm operators need to start planning now for much lower crop price levels in the coming years....More
  • Feb 25, 2014
    blog

    Commodity Classic app available for 2014 show 1

    Are you attending Commodity Classic in San Antonio this week? If so, be sure to download the new mobile app to help keep track of your schedule, booths you want to visit, tours you're going to take and more. There are maps and shuttle schedules, as well as links to Commodity Classic social media....More
  • Feb 18, 2014
    blog

    2014 crop insurance decisions 1

    Producers have several crop insurance policy options to choose from, including yield protection (YP) policies and revenue protection (RP and RPE) policies, as well as several other group insurance policy options. There are also decisions with using enterprise units versus optional units, and whether or not to take advantage of the trend adjusted APH yields for 2014....More
  • Feb 18, 2014
    blog

    Ag costs could exceed revenues 2

    The Center for Farm Financial Management at the University of Minnesota presented some compelling data compiled on farms over eight states that are considered above average operations. The first fast fact was that the cost of production for half of the corn producers was above $5.00 per bushel....More
  • Feb 13, 2014
    blog

    Could the bulls come out for corn?

    A simple 5-10% reduction in corn yields from the 165 trend-line estimate and we are moving new-crop prices to higher ground. I am always amazed at how a simple 6-7% reduction in yield could mean a 40% plus swing to the upside in price. I know its optimistic, but rather than choking on $3.90 corn perhaps we can enjoy chewing on $5.50 corn?...More
  • Feb 11, 2014
    blog

    ABCs to watch for soybeans

    Keep and eye on the ABCs of soybeans this week: Argentina, Brazil and China. After the recent USDA WASDE report, production estimates were lowered in Argentina for both corn and soybeans. Weather in Brazil prompts questions about whether production estimates will be lowered in the future. And increased Chinese production, along with lower in-country demand, offers the question of continued demand for imports....More
  • Feb 11, 2014
    blog

    Economic inflation and its effect on agriculture 2

    The rate of inflation in recent years has been estimated to be between 5% and 10% for agriculture. The increasing cost of inputs, equipment, and farmland has this sector in an inflationary mode. The inflation rate for producers is much higher than the reported rate, and could indicate negative margins in the making, particularly if commodity prices continue to decline....More
  • Feb 11, 2014
    blog

    USDA WASDE report lowers corn supply 1

    On Feb. 10, USDA released the latest World Agriculture Supply and Demand Estimates (WASDE) Report, which showed slight decrease in the expected U.S. corn ending stocks for 2013-14, compared to the January estimates. On-farm prices for both corn and soybeans were increased a bit from last month's report....More
  • Feb 7, 2014
    blog

    Old-crop soybean rally could push prices 1

    I have lowered our next new-crop cash sale target down to to the $11.40 level. This might not be low enough, but with Chinese demand for old-crop supplies still being reported, there is an outside chance an extended old-crop rally could continue pulling us higher....More
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