Farmers undertake various tasks to meet the challenge of flowing their crop efficiently from field to market. Though on a very different scale, railroads are confronted with a similar logistical challenge. In 2013, U.S. Class 1 railroads hauled 124.5 million tons of grain....More
Many farmers with final 2014 corn and soybean yields below actual production history (APH) crop yields who had a revenue protection (RP) crop insurance policy in place in 2014, will likely be able to collect a crop insurance indemnity payment on the crop losses incurred this year....More
The lowest corn and soybean prices in five years are creating bad conditions for grain producers. This might be a good time to simplify our corn and soybean marketing strategy to see if we can’t recapture a winning approach....More
Corn futures have reversed a three-month downward swing to make about a 40¢ per bushel climb since the first of the month. And soybeans can take much of the credit for it, says Craig Turner, analyst for Daniels Trading....More
Included in "5 Ag stories to read" this week is advice for soybean cyst nematode sampling, and well as tips for applying anhydrous ammonia this fall. Access regional climate data from the USDA, and learn about grain storage and marketing plans from Midwest farmers. For a good laugh, check out a story about harvest-resistant corn. Yes, you read that right…HARVEST resistance.
All that harvest windshield time you are logging is also valuable think time — especially given how commodity price changes have impacted your business plan. In this issue, we provide some nuggets to ponder while those long harvest hours grind away, safely we all hope....More
Growth in supply has clearly outpaced growth in demand. It's going to take a little bit of time, but eventually I suspect the wrinkles get ironed out and prices start to stabilize (I just don't think we are there yet). Producers should remain patient, keeping all soybean hedges in place, and use any extended "geopolitical" or "weather" related rallies to reduce additional long-term risk....More
The 5 ag stories featured this week offer management tips for wet soybeans, as well as advice for fall herbicide treatments. Read about possible corn acreage in 2015, and check out one farmer's strategy for keeping his farm ahead during lower-price years. For the weather obsessed (like me), see what NOAA is predicting for weather conditions across the U.S. this winter.
The Oct. 10 USDA Crop Report showed an increase for both U.S. corn and soybean yields, as compared to September report. This corresponds closely to actual corn and soybean yields being reported from many areas of the eastern and southern Corn Belt, which have been better than expected....More
A few simple precautions and a little bit of common sense can go a long way toward helping prevent farm-related accidents and injuries, especially at harvest time, two Purdue University agricultural educators say....More
Corn and soybean harvest is in full swing but some fields are a little wet, and wetter soils compact easier. However, there are three ways to minimize the extent of the compaction you may create when driving through the field....More
Brian Haugen is preparing his farm for lean times. Leveraging his management experience, discipline, standard operating procedures (SOPs), a diversified revenue base, shared human resources for productivity and collaboration with more than 35 landlords, his corn and soybean operation will do its best to weather the storm over the next few years....More
Low soybean, corn and wheat prices have ag lenders nearly as concerned as growers heading into the peak of harvest and 2015. They’re also worried about reduced farm income, price impact on land costs and whether the rail-car shortage in northern states will impact grain movement elsewhere, says Dan O’Brien, Kansas State University grain marketing specialist....More
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