Freeze warnings have some worried – but the sub-$10 per bushel soybean price is more of a concern for a huge crop expected to hit the bins this fall. USDA’s Thursday forecast of 3.91 billion bushels surpassed the August projection of 3.81 billion. New-crop ending soybean stocks are projected at 475 million bushels. All those numbers helped keep downward pressure on soybean prices....More
These 5 ag stories to read talk about the impact of recent low temperatures on soybean yield, and remind growers to scout corn fields for stalk and ear rots before harvest. There is also big picture information about the choices farmers will soon make regarding the 2014 Farm Bill. Read advice on using tillage to control resistant weeds, and for the hunters, check out the 2014 pheasant hunting forecast.
Corn production is forecast at 14.4 billion bushels, up 3% from both the August forecast and from 2013. Soybean production is forecast at a record 3.91 billion bushels, up 3% from August and up 19% from last year....More
Five ag stories to read this week reminds growers to scout soybean fields for diseases, including sudden death syndrome and brown stem rot. Watch a video update on crop conditions in August across the Midwest, and read about yields and their impact on crop returns for 2014. Also watch a video with practical tips for using UAVs on your farm. And as harvest creeps up on us, check out one of our favorite photo galleries: A day in the life of corn harvest.
Widespread, locally heavy rain boosted topsoil moisture and aided immature summer crops from the northern Plains into the Midwestern and MidAtlantic states. Weekly rainfall totaled at least 4 inches in several areas, including central Montana, parts of the Dakotas, and some northern locations in Illinois and Indiana.
The Crop Progress report released on Monday by the USDA showed the corn crop falling behind average development in the dent stage. Corn condition improved slightly over last week. The soybean crop is nearly done setting pods, but overall condition dropped slightly in the last seven days....More
The USDA Crop Report issued on August 12 estimated the 2014 total U.S. corn production to be just over 14.0 billion bushels, which would be new corn production record. This would be a slight increase from the 2013 production level of 13.9 billion bushels, and compares to 10.8 billion bushels in 2012....More
USDA released the August Crop Production and WASDE reports, predicting an increase in both corn and soybean production, and a decrease in prices. Ending stocks are increased for corn and are flat for soybeans....More
This installment of 5 Ag stories to read reminds growers to scout corn and soybean fields for stink bugs, and also talks about the impact cooler weather has on corn yield. Read about Russia's recent ban on food imports from Europe and the U.S., and how that's impacting markets. There's also a progress update on the implementation of new farm programs in the 2014 Farm Bill. Finally, enjoy a little trombone serenade by one farmer...to his cattle!
The corn and soybean crops continue to progress just ahead of average, with corn starting to hit dough stage and soybeans starting to set pods. Crop conditions are holding fairly steady, dropping just a point or two in the last week....More
The USDA is forecasting a new record soybean yield (45.2 bushels) in 2014, exceeding the 2009 record of 44 bushels by a large margin. Like corn, high soybean yield expectations this year are based on generally favorable growing conditions to date and on the high percentage of the crop rated in good or excellent condition....More
This installment of 5 Agriculture stories to read offers tips on controlling large weeds, as well as aerial seeding cover crops. Read about prospective returns and farm revenue given lower corn prices, and learn about a genetic discovery that could lead to better soybean varieties. Finally, enjoy the latest parody hit from the Peterson Farm Bros!...More
Sam Halcomb calculates a field’s revenue-generating potential, then offers a landlord 25-33% of that for cash rent. He’s found over the years that 25-33% accurately reflects a point where he can profit from current market conditions, while capturing present market values to satisfy the landlord....More
The USDA World Agricultural Supply and Demand Estimates (WASDE) Report released July 11 provided more negative numbers for future corn and soybean prices. The report showed significant increases in the projected ending stocks for both corn and soybeans by Sept. 1, 2015. The report also verified the expectations for very good to excellent 2014 national corn and soybean yields in the U.S. Corn and soybean market prices have dropped dramatically in the past few weeks, which will likely have a significant financial impact on farm operators in the Upper Midwest....More
David Kohl, professor emeritus, Virginia Tech University, spoke that the Wyffels Hybrids Corn Strategies Conference at Wild Rose Farm, Inc., near Galesburg, Ill. Kohl stressed the importance of grain and livestock farmers knowing their cost of production in order to be successful....More
Wet weather this season has increased the risk for sudden death syndrome (SDS) in soybeans, says Darren Mueller, Extension soybean pathologist at Iowa State University. “Unlike last year, most of the soybean crop was planted before the bulk of the rains started which further increases the risk of SDS."...More
Now that all of the corn and the majority of the soybean crops have emerged, corn silking and soybean blooming have started. Silking is slightly behind average, and blooming is slightly ahead of average. Crop conditions for both corn and soybeans have held fairly steady in the good/excellent categories over the past week....More
Rabobank has released a mid-year agribusiness review, highlighting the economy, weather and growing conditions, margins and prices, grain stocks, global imports and exports and more. Here are some highlights....More
Large portions of southern Minnesota, northern Iowa and eastern South Dakota have been impacted by severe storms and have received excessive rainfall. This caused some property damage from strong winds, and caused considerable crop damage due to wind, hail and standing water in fields....More
When ranking which precision technologies are the most profitable to adopt on their corn and soybean operation, Vogel Farms, Rockport, Ind., finds that RTK guidance pays off in multiple ways. Certainly it makes the Vogels more efficient, but simplifying on-farm trials is the ultimate payoff. And that’s real money....More
This installment of 5 Agriculture stories to read offers tips and considerations for flooded corn and soybeans, as well as tips for double-cropping soybeans after wheat. Also read about the first farm in Minnesota to receive a water quality certification, and download a mobile app to help when scouting weeds. Finally, warm your heart with a story of a bachelor farmer who found love, lost it, then donated his farm to 4-H....More
Purdue University Extension Soybean Specialist Shaun Casteel offers tips for assessing soybean stands. Casteel uses the hula-hoop method as well as the linear method (using a tape measure) to take stand counts in drilled soybeans, and soybeans in 15- and 30-inch rows....More
A new report from GROWMARK shows that corn and soybean stock levels don’t directly correlate with corn and soybean prices. “Stocks do not influence overall price levels,” according to Kel Kelly, GROWMARK economic and market research manager, and author of the report....More
From a "spread" perspective, I continue to hear talk form many traders who suspect the old-crop/new-crop spread (now at it's lowest level since mid-Feb) will continue to deteriorate – at least through the June 30th report. From there it's believed we could see a late inning rally and perhaps one last hurrah!...More
Corn and soybean emergence rates are both ahead of average, and closing in on the finish line. Crop conditions are holding steady on the positive end, and slightly increasing in the excellent category for both crops....More