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
Farmer and ag ambassador Quint Pottinger explains the three legs of farming to consumers: environmental sustainability, economic sustainability and social sustainability (i.e., public support). “If we can’t convey a positive image of agriculture and the value it brings every family, then we run the risk of negative legislation that constricts our freedom to operate," he says....More
Farmers across the U.S. were busy in the field this past week, jumping 20 points on the planting progress scale for corn, hitting a total of 75% planted overall. Those planting soybeans made huge progress, too, with nearly one-third of the overall crop in the ground by May 10....More
Soybean traders seem to be keeping a close eye on the macro markets, particularly the direction of the U.S. dollar and the direction of crude oil. Market insiders continue to believe a weaker dollar and gains in crude oil will continue to add strength in the soybean market....More
Competition from weeds up to 4 inches only minimally affected nutrient acquisition by soybeans, while competition from weeds 8 inches or taller negatively affected acquisition. Soybean yields and grain oil content were reduced....More
During a recent panel, a participant asked CEOs from lending associations the following: Based on your experience, what are five points of wisdom that can increase our chances of working more effectively with our own lender and being successful? Here are their answers....More
We will continue to strive, as an information provider, to present you with good examples that help you make the most of your 40 chances. As Howard wrote in his book, “You’ve learned from your mistakes, but I’d guess that none of you feel you can afford to take a single year left on your string for granted.” We wholeheartedly agree....More
Soybean demand remains strong as projected soybean crush and export numbers continue to exceed 2014 levels, helping keeping bean markets from falling lower. But political policy in China, the world’s largest user of soybeans, could quickly swing bean markets up or down, said Scott Irwin, University of Illinois (U of I) agricultural economist....More
The 5 ag stories to read this week reminds growers to check for corn seedling diseases, particularly on fields that were planted early. Read some questions and answers about anhydrous ammonia practices, and find out what the USDA is doing to help farmers deal with climate change. There are also tips to help you save money in the current low-price environment. Finally, learn about a new soybean-based invention: Soy Sniffs.
Kyle Brase has been double-cropping soybeans after wheat as long as he has been farming. The fifth-generation grower from Edwardsville, Ill., says it can be more profitable than growing corn. Dramatically lower commodity prices give the planting rotation better return potential than just planting corn or single-crop soybeans....More
In the 5 ag stories to read this week, get tips for controlling marestail this spring, as well as for reducing compaction with lower tire pressures. Read insight from ag economists about corn price projections for the next marketing year, and from agronomy experts about increasing soybean yields. Finally, enjoy a book for kids about being on the farm.
Soybean bulls continue to talk about wet conditions in southern Brazil and many parts of Argentina. Their argument is it could delay harvest and create a bit more interest for U.S supplies. Be careful buying into this belief....More
Imagine the power of knowing your long-term average cost per bushel by dominant soil types. Maybe you’ve mastered being profitable on lighter soil types and that is one of your strategic advantages....More
New products aimed at soybean cyst nematode (SCN) and sudden death syndrome are on deck for the 2015 planting season. Bayer CropScience’s ILeVO seed treatment offers a new adversary for SDS, while Syngenta’s Clariva Complete Beans present a new tool for SCN....More
The management zone creation tool, a step-by-step process, allows users to create zones from data including yield, soil type and crop health imagery. The zones can be modified, the rates chosen and test blocks can be added to further test plant populations or applications. All of this is done by the farmer, with a simple online tool at FARMServer.com. Then farmers just upload that prescription to their monitor in their equipment....More
This might be a year to only do what pencils out. Here are tips and research on what may make sense for you to reduce this year. From fertilizer tips to seeding rates and product use, to overhead costs and weather planning, university experts offer their best research and ideas to help you save money this growing season....More
In the 5 ag stories to read this week, get tips for applying nitrogen to sandy soils. Learn about the honeybee die off, as well as China's impact on agriculture. Grab some tips for improving your corn and soybean yields this year, and test your ag knowledge with some fun trivia!
Fields across the Midwest will begin sporting a new look in 2015 as farmers begin using variable-rate, multi-cultivar planters, which are available commercially for the first time after being field tested in 2014 by Kinze Manufacturing and Precision Planting, in conjunction with four seed companies....More
If you hold grain into the summer months hoping for a weather driven rally in prices, may I suggest selling your grain earlier and selectively re-owing the sale with the purchase of call options....More
While we’ve always known that planting delays decrease yields on average, these recent findings confirm that losses from planting soybeans late are lower than those from planting corn late, says Emerson Nafziger, University of Illinois crop scientist....More
This spring, let your smart phone help you as you head to the field. Download these apps to calculate seeding rates and fertilizer applications, as well as input calculators. Track growing degree days and field operations, and get fertilizer rates. Most of the apps are free, and most are available for iPhone and Android-based phones.
We need to take the acreage report with some caution, says Sterling Liddell, vice president, food and agribusiness research, Rabo AgriFinance. In the USDA acreage report released March 31, corn acres weren't a bullish surprise, and soybeans were, he says, but the report is a baseline going forward....More
As has been the trend in recent years, average 2015 custom rates for farm work are likely to show a small increase, compared to 2015 custom rates. Most custom rates for tillage, planting, and harvest operations in 2015 are listed at 2-5% above the rates for similar operations in 2014, with an average increase of about 3.5%....More
The USDA's much-anticipated March Grain Stocks and Prospective Plantings reports were released today. Those estimates allow for some tweaking of the 2014-15 marketing year corn and soybean balance sheet projections and for developing projections for the 2015-16 marketing year balance sheets....More
Already depressed due to large U.S. supplies, a projected strong South American crop and a volatile U.S. dollar, soybean prices could face even more pressure from high prospected planting numbers expected from USDA on Tuesday. Once the planting and stocks reports are released, it could be “opening the gates at a horse race,” says one commodity market analyst....More