The "5 Ag stories to read" this week offers tips to manage late-maturing corn, from harvesting to drying to storing. There's also insight into the impact of nitrogen prices on planting decisions. Read about a milestone for biotech crops: harvesting 4 billion acres! Get tips for managing data on your farm to help you work smarter, and check out a new use for soy.
A late-week cold snap ended the growing season, roughly on schedule, across much of the Upper Midwest. Although the freeze was not unusually early, some crops were developmentally delayed due to late planting and a relatively cool summer. As a result, producers in freeze-affected areas monitored immature corn and soybeans for signs of injury.
As corn and soybean prices drop below breakeven levels, we asked farmers: What are your grain storage and marketing plans? From using on-farm storage and carry to selling to ethanol plants and little forward selling, read what farmers in Missouri, Ohio and Minnesota are planning for their corn and soybeans after harvest this fall.
Corn maturity and soybean leaf drop this fall are close to average rates. Corn harvest and soybean harvest, however, are significantly behind the average. Despite that, crop conditions continue to hold steady for both corn and soybeans....More
Average rental rates for 2014 were as high as, or even higher than, 2013 land rental rates in most situations across the region. Farm operators and landlords are now beginning the process of negotiating land rental contracts for the 2015 crop year, and are trying to arrive at equitable rental rates....More
Soybean traders are monitoring what most consider to be only a "short-covering" rally. The "technical" guru's will want to see this market first close above $9.30, then perhaps even above $9.55 before they give more serious consideration to a game-changing trend or major reversal. From my perspective the current change in water-level (price) is simply the bears getting in and out of the hot-tub....More
What is your data worth? Indiana farmer and software engineer Aaron Ault notes that data exchanged in commercial agriculture can be compared to Google or Amazon—and as data sharing increases, the cost of services will decrease. "If they couldn't use our data, those services would be way out of line,” he says....More
I could not be more excited to get the news that the Farmland movie is on Hulu and Hulu Plus! I saw a pre-screen of the film in February at Commodity Classic, and the film was released to a limited screening in theaters in April and May. If you didn't have the chance to see it then, watch it now. Like right now. Stop what you're doing, and watch this incredible film....More
Rising diesel prices have made tackling fuel economy more important than ever. Given how much you spend on fuel each year, even a small change in fuel usage can mean boost your profit. For example, using using a low-viscosity oil can boost fuel economy, but that's the just one of several management tactics you can use to boost profits in spring and fall....More
A lot of corn and soybeans in southern Minnesota have turned color, and appear to be mature; however, much of this visual appearance was the result of damage following the early frost on Sept. 13 and 14, and not from the natural maturing process of the crop. A limited amount of soybean harvesting has begun in some areas, mainly on some earlier soybean varieties that were planted on a timely basis last spring....More
USDA released their September quarterly stocks report and the markets are lower across the board. No real surprises in my opinion! Some of you however might be surprised when you see the soybean market lower on sub-100 million ending stocks numbers....More
Corn stocks up are up significantly from 2013, and bushels in on-farm storage are up 68% from last year, according to the Sept. 30 Grain Stocks Report from USDA. Soybean stocks, on the other hand, are down about a third from last year, and on-farm stored beans are down nearly 50% from 2013....More
The continued low CBOT corn and soybean prices increases the likelihood of significant 2014 crop insurance indemnity payments for many Minnesota farm operators that have 80% and 85% RP insurance policies in place. Crop insurance payments may not be as widespread in states such as Iowa and Illinois, which are likely to have much higher 2014 corn and soybean yield levels than will exist in much of Minnesota....More
Reports of more severe waterhemp infestation in Midwest soybean acres continue to roll in as we head into harvest, and that means more herbicide-tolerant weed seed going into the ground to cause larger future problems....More
The National Center for Public Policy Research is urging General Mills investors to vote down a shareholder proposal that would direct the company to remove completely safe and nutritious genetically modified organisms (GMOs) from its products....More
The 5 ag stories to read this week include tips on storing grain this fall, as well as a reminder that a solid nutrient balance is important to corn yield, and not just nitrogen. Read about a new soil mapping technology from Purdue, and understand that when benchmarking your farm, it's important to use relevant benchmarks. For a little enjoyment, read about how you know you grew up on a farm when… .
When corn was $5, $6 or even $7 per bushel, why didn’t I sell more? When soybeans hovered in the teens, why didn’t I pull the trigger? With 2014 harvest prices projected below $3.50 for corn and $10 for soybeans, many farmers are asking these questions....More
The USDA Crop Production Report released Sept. 11 is projecting record U.S. production in 2014 for both corn and soybeans. Production levels for both crops were increased by about 3% in the latest USDA report, as compared to the August USDA report. USDA left the anticipated harvested acres for corn at 83.8 million acres, and for soybeans at 84.1 million acres, which are unchanged from the Aug. 1 estimate....More
The latest USDA Crop Progress Report shows corn harvest starting in several states. The overall corn crop is just over 25% mature, which is behind average. Crop conditions remain over 70% good/excellent, and well ahead of last year's conditions. The soybean crop has been dropping leaves on almost a quarter of the overall crop. Conditions held on to more than 70% good/excellent....More
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.
As a producer I see nothing wrong starting to unwind a very small portion of your remaining soybean short hedges. The break has paid huge dividends and there is absolutely no need to get overly greedy....More
Ault spoke with Managing Editor Susan Winsor about the current disconnect with data in agriculture, as well as how OADA can help farmers manage data and make it work for them, and help with the tasks farmers need help with....More
During the growing season, it can be difficult to tell the difference between Palmer amaranth and waterhemp plants. Before you harvest soybean fields this fall, take some time to scout for these weeds. These photos from Aaron Hager at the University of Illinois will help you identify Palmer amaranth plants.