Rick Juchems, Plainfield, Iowa, is surprised that cereal-rye cover crops did not reduce his corn or soybean yields. He and 11 other Iowa farmers participated in a five-year trial to determine whether rye causes yield hits in the cash crops that follow it. It doesn’t....More
The number of farms in the United States in 2013 was estimated at 2.10 million, down 7 thousand farms from 2012. Total land in farms, at 914 million acres, decreased 360 thousand acres from 2012. The average farm size in 2013 was 435 acres, up 2 acres from the previous year.
From what I am hearing most end-users are about 65-75% covered through July but have next to nothing done for August. Obviously everybody is hoping imports will help resolve the situation, but no one is clearly certain about how this game will end.
Soybean traders are digesting the fact the US planting pace is now AHEAD of our traditional average. The USDA released data yesterday showing that 59% of the crop is now planted vs. 41% last year and 56% on average. In addition 25% of the crop is now "emerged" vs....More
Farmers across the Corn Belt made strong progress in the fields in the past week, returning to normal corn planting pace and shifting ahead of the five-year average planting pace for soybeans. Warm weather helped corn and soybean crops emerge and push to near-average emergence pace....More
Although the concept of a custom farming agreement is simple, close communication between the custom operator and the landowner is essential. A written contract for the custom farming agreement should definitely be prepared that specifies the amount of payment by the landowner to the custom operator, and all other pertinent details....More
The U.S. economy is showing mixed signals. The lead economic index (LEI) which foretells the future of the economy has been increasing in recent months, most recently up 0.4%, which is bullish for the economy. Sixty percent of the factors that make up the LEI are exhibiting positive signs....More
Bears continue to feel the pain and side-effects of Injuries sustained by the sudden and unexpected jerking of the markets higher. I continue to monitor both the NOV14 and NOV15 soybean contracts in hopes of making another round of sales and further reducing downside risk and exposure....More
Corn prices have dropped about 40¢ since the USDA May 9 WASDE report. University of Illinois agriculture economist Darrel Good says that “the recent price decline appears to reflect a combination of declining wheat prices and prospects for a build-up in corn stocks during the 2014-15 marketing year.”...More
Due to late planting, and then wet, cool weather last week, some farmers were unable to apply a pre-emergence herbicide to corn. The University of Nebraska-Lincoln has some tips for applying a residual herbicide after corn emergence, including reminding growers to not apply herbicide with nitrogen, There is also a chart with corn stages, weed growth and the appropriate herbicides to apply....More
Most of the eastern half of the nation received at least an inch of rain, with 2-4-inch totals common from eastern Texas into the central and eastern Corn Belt and in the Atlantic Coast States. The rain curtailed fieldwork across much of the Midwest, South, and East, following a warm, dry period that had favored a rapid planting pace.
Do you have an iPad? Do you have rootworms in your field? If your answer was yes (or even just yes to an iPad), you should check out a new app from Monsanto that helps farmers assess rootworm risk....More
The May 18 Crop Progress report from the USDA showed a slower planting pace over the past week, with corn planting progress dropping back behind the five-year average and soybeans lagging further behind. The good news is that both corn and soybeans are emerging in most states....More
The hour and a half flight to Roanoke seemed like ten minutes as the discussion flowed from investment strategies, to the state of the U.S. and global economy, to federal debt. To my delight, I discovered the head coach actually teaches political science at Whitewater and was interested in my thoughts not only on economics, but also geopolitical trends, with his students actually listening. In discussions with key players, they indicated that the coach not only taught them basketball, but much about life as well....More
Agronomists are advising growers to stick with planting full-season corn hybrids for about another week, probably until around May 25, before moving to earlier corn hybrids, or switching major acreage to soybeans....More
Common man-made agronomic problems that he sees aerially often arise from uneven plant emergence/planter problems and uneven nutrient application. These July 2013 aerial photos from northeast Iowa show agronomic problems. Can you decipher them?
With spring planting in full swing, farmers are encouraged to properly maintain their ag tires to promote optimal equipment and crop performance in the field. James Crouch, farm segment marketing manager for Michelin North America, says having the right tire pressure and sufficient tread are the most important considerations.
The USDA Crop Production and World Agricultural Supply and Demand Estimates (WADSE) Reports released on May 9 were regarded as neutral to bearish for the corn and soybean market in the coming months. Corn stocks are expected to increase by more than 50% by the end of the next crop marketing year, while the ending stocks for soybeans are expected to more than double by the end of the 2014-15 marketing year, which runs from September 1, 2014 to August 31, 2015....More
For the first time in a long time, corn planting pace has squeaked ahead of the five-year average pace, reaching nearly 60% planted as of May 11. Corn emergence picked up pace over the last week, too. Soybean planting pace is nearly average, making big progress in the last seven days....More
Corn seedlings are most vulnerable and susceptible to damage from planting through the V6 growth stage. Identify early-season problems, including emergence and germination problems, early-season stress, weeds, appearance and nitrogen loss to make important input decisions and save yields....More
USDA’s projected average 2014 corn price of $4.20 looks too low, said Chris Hurt, Purdue University ag economist and marketing specialist. Friday’s USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports had a bearish impact on corn futures. New-crop December 2014 corn futures closed at near $4.97 per bushel, down more than 13¢....More
During corn planting and as seedlings start to emerge, corn growers should be on the lookout for the black cutworm moth, says And Michel, Ohio State University Extension pest expert. The migrating moth could cause stand loss. The pest tends to prefer to infest fields with significant ground cover and weed presence, says Michel....More
From my perspective it's NOT traditional fundamental market logic that is dictating corn price direction but rather the rotation of money from various other forms of investments that have fallen out of favor....More