As a producers, I believe the best-of-practice is to remain patient and keep all hedges in place. Yes, there could be some upside movement as thoughts about acres are readjusted, but I'm just not sure we can sustain much of a longer-term upside rally without some type of more negative headlines out of South America....More
Nearly all of the planted corn has emerged, and conditions are still holding steady. Soybean planting is moving along, but has fallen behind average pace, along with emergence rates. Crop condition fell just slightly in the last week....More
Both traditional soybean oil and high-oleic soybean oil are poised for growth over the next five years, according to the latest outlook assessment by Soy Insights experts. However, this depends on how several key questions are resolved....More
If a farmer rolls soybeans, most like to roll their soybeans right after planting. However, this is not always possible. Sometimes it rains, keeping equipment out of the field, and before long, the soybeans have emerged. Here are tips for rolling emerged soybeans....More
Farmers who spot giant ragweed in their corn or soybean fields should apply a post-emergent herbicide before the infestation becomes unmanageable, even if no other weeds have appeared, two Purdue University plant scientists advise....More
Lower commodity prices are now projected for the foreseeable future. Those price levels coupled with high costs lead to projections of low or negative cash flows for the next several years. These low return levels will cause negative cash flows on many farms. Farmers then may choose to use working capital in meeting these cash shortfalls, leading to reductions in working capital....More
What is the earliest possible way to detect stress or disease in your corn and soybean fields? Brian Sutton, a flying farmer from Lowell, Ind., takes their temperatures. The thermal cameras used in his AirScout service detects stress and disease in plants before they change color, when he still has time to take corrective action, he says....More
Corn planting is about done, and most of the corn crop has emerged while the crop condition holds steady for a third week. Soybean planting is nearing completion, but is falling just slightly behind average. The soybean crop is quickly emerging, and crop condition looks mostly good....More
The number one risk facing agriculture is international trade, because many facets of the agriculture industry are internationally interconnected. The slowdown of emerging economies is in full gear, and the results are being observed in the re-entrenchment of prices for commodities such as grains, oil, steel and copper. The slowdown is targeted toward the flyover states, i.e. the agricultural and rural regions in the U.S....More
The consistently high cash price levels for corn and soybeans from 2011-2013 made grain marketing decisions pretty easy for many producers. By contrast, grain marketing decisions in 2014 and 2015 have become much more difficult, with continued declining prices that are sometimes below breakeven levels. The current scenario for grain prices makes it more important than ever for farm operators to have a solid grain marketing plan in place, which is part of an overall farm risk management strategy....More
Experts at the University of Illinois went back 100 years and examined corn prices, soybean prices and wheat prices, then divided them by the Consumer Price Index. In doing that, they found that real prices for 2014 corn and soybeans are $3.65 and $10.05, respectively. This compares to 1913 real prices of $15.76 for corn and $42.80 for soybeans. See the effect of history on these commodity prices....More
Significant rain overspread the Great Lakes region, including Wisconsin and Michigan. Rain also extended eastward through northern New England, but was much lighter in the Ohio Valley and Mid-Atlantic states. In much of the Midwest, occasional showers slowed soybean and late-season corn planting efforts, but benefited pastures and already emerged crops.
An alternative to leasing farmland is a Custom Farming Agreement. In a typical custom farming agreement, the custom operator agrees to perform all the machine operations on the owner’s land in exchange for a set fee or rate. The landowner pays for all seed, fertilizer, chemicals, crop insurance and other input costs; receives the all grain produced and all eligible farm program payments on the land; and is responsible to store and market the grain....More
The Crop Progress report released by the USDA on June 1 showed that the corn crop is nearly completely planted, and almost 85% emerged. The crop's condition remained steady from the previous week. Soybean planting is still slightly ahead of average, along with the emergence rate....More
In the 5 ag stories to read this week, get some considerations for planting soybeans late. Learn about the part geography plays in weed diversity and glyphosate resistance, and mark you calendars for an opportunity to enroll new acres in CRP. Also, read about some successful women farmers and the roles they play on the farm. Finally, enjoy the latest parody from the Peterson Farm Brothers, Takin' Care of Livestock.
Farmers are increasingly scrutinized and being frowned upon by consumers for their use of GMO seed. It's sometimes hard to respond to those negative comments. Here are some resources, from Facebook pages and websites to informational stories we have written, to share with people who may not understand the science and technology behind GMOs, not to mention the benefits!
Farmers across the U.S. are nearly finished planting corn, and almost three-quarters of what's been planted has emerged. Soybean planting is more than half complete, and almost a third of the overall crop has emerged....More
After an almost perfect planting season through late April and early May in most of the Upper Midwest, a few more crop challenges have occurred in the past couple of weeks. The biggest overall concern in the past couple of weeks has been the extended period of cool, cloudy weather, which has slowed plant growth, and caused some plant discoloration. The extended forecast appears to be more favorable from a temperature standpoint....More
Keith Grimm hates to let valuable water drain away. So the Hiawatha, Kan., farmer and his two brothers collect runoff in reservoirs at field edges, then pump it back onto crops through center pivots....More
Cool, wet weather in the Upper Midwest contrasted with warm conditions in the Ohio Valley. In the eastern Corn Belt, planting proceeded between occasional showers. In the upper Midwest, cool, rainy weather provided much-needed moisture, following a period of rapid planting, but slowed corn and soybean emergence and development.
The USDA World Agricultural Supply and Demand Estimates (WASDE) Report released on May 12 was regarded as mainly neutral for the corn market and bearish for the soybean market in the coming months. The May report showed slightly higher corn ending stocks for 2014-15, and slightly lower soybean ending stocks, as compared to the April Report. Corn stocks are expected to decline slightly by the end of the 2015-16 marketing year, while the ending stocks for soybeans are expected to increase by 43% during that time. The 2015-16 marketing year runs from September 1, 2015 to August 31, 2016....More
Heather Oden says today’s female generation can benefit from being part of what has been a predominantly male industry. “Today’s production agriculture creates opportunities for women that we did not have before. Sometimes I stand out in a meeting because I am a female. That gives me a platform to educate other farmers about my role on the farm."...More
In the 5 ag stories to read this week, learn about new soybean research resulting in plants resistant to soybean rust and SCN and get tips for getting the best performance from your sprayer. Read an ag job outlook and see the latest ag weather maps. Finally, connect with us on Facebook!
Shifting weather patterns brought warm, mostly dry weather to the eastern Corn Belt, while showers boosted topsoil moisture in the upper Midwest. At week’s end, a significant, late-season storm was underway across the nation’s mid-section, halting fieldwork but providing beneficial moisture for winter grains and newly planted summer crops.
Soybeans remain fundamentally bearish as U.S. planting is reported at 31% complete, and well ahead of the 5-year 20% average. As a producer I'm content on staying patient and waiting for a move back above $10.00. As a spec I like the sideline!...More