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
Now that crops have emerged, farmers are heading back out to the fields to scout for weeds. As you scout, why not let your smartphone do some of the work? Using the Ag Weed ID mobile app, you can ID weeds on the spot using photos and get control tips. ...More
Fluctuating commodity prices are just one of the many risks that today’s farming operations face. On-farm grain storage is an effective strategy that enables producers to obtain higher prices for their crops and benefit from the growing demand for a consistent grain supply....More
Cool spring soils and high rainfall in areas of the Corn Belt may lead to a midsummer appearance of sudden death syndrome (SDS) symptoms in soybeans, say DuPont Pioneer experts. The severity of SDS depends on environmental conditions, time of infection and other crop stressors. Although SDS infects soybean plants just after germination and emergence, symptoms generally do not appear until midsummer....More
This installment of 5 Ag stories to read reminds growers to evaluate soybean emergence for uneven stands, and to lookout for "rootless" corn seedlings. There's also insight into revenue and returns on cash-rented land for 2014. To keep up with growing season weather, check out ag weather maps from USDA, and for a little fun, watch a parody by the Peterson Farm Bros....More
In its fourth-annual research project focused on consumers and food, Charleston|Orwig uncovered ample opportunities for companies across the food system to engage with consumers. Results showed that consumers want to know how genetically modified organisms (GMOs) affect health—theirs and their family’s—and are less concerned with political or moral issues surrounding GMOs.
Prior to the arrival of heavy rain across the southern Plains, multiple rounds of heavy showers and locally severe thunderstorms crossed the central Plains, Midsouth, and Midwest. Weekly rainfall totaled 4 inches or more in numerous locations across the central and southern Plains, Tennessee Valley, and southwestern Corn Belt.
The majority of the overall corn crop has emerged, and is slightly ahead of average pace. Corn in good condition dropped slightly, but gained in excellent condition. Soybean planting and emergence are ahead of average pace, and beans are in mostly good and excellent condition....More
It appears the days of $6 corn prices, and maybe even $5 corn, are behind us for the foreseeable future. Projected significant increases in corn carryover inventories, along with fairly good 2014 crop conditions in many areas of the Midwest, will likely continue to put pressure on both cash corn prices, as well as new-crop prices. The outlook for soybean prices is a bit more optimistic, but new-crop soybean prices could also be challenged, if better-than-expected average U.S. soybean yields are achieved in 2014....More
This installment of 5 ag stories to read offers tips on assessing early-planted corn hail damage. Consider global fertilizer outlook and Chinese purchase of soybeans, as well as pesticide use in U.S. agriculture for the past five decades. And, have a little fun with a new soybean meme!...More
Soybean bears are wondering if the cash markets might be telling a slightly different story than the balance sheet bulls are projecting. The bears are also thinking the USDA will revise last years soybean crop higher by some 15 to 25 million bushels. The question the bulls are asking is how much higher will domestic crush and export demand be raised?...More
Choosing spring or fall strip-till “depends on so many factors; only you can decide,” says Brad Meister, Bourbon, Ind. “Soil type, coulter machine or shank machine, whether you have any erodible land, the amount of time you have in the fall to do it; how long it takes for your ground to mellow out in the spring, and whether you put down phosphorus or potassium with it.”...More
“We’ve seen a trend toward more on-farm storage in recent years because producers understand they can put more money in their own pockets," says Adam Dryer, Blue Reef Agri-Marketing Inc. He explains that the economics of on-farm storage can work to farmers’ benefit in two ways....More
Spring 2014 has been a battle for most Upper Midwest crop producers, as they have tried to get corn and soybeans planted on a timely basis. Some favorable weather in late May allowed significant planting progress in many areas of southern and western Minnesota, and adjoining areas of Iowa and South Dakota....More
Most of the overall corn crop has been planted, and emergence is on pace with the five-year average of 80%. In this first week of corn condition ratings, 76% of the overall crop is in good-excellent condition. Well ahead of the good-excellent condition rating of 63% at this time last year. The soybean crop is ahead of average planting pace for the second week in a row, and emergence rates are ahead of average, as well....More
Soybean "technicians" continue to look for the market to tip its hand in one direction or the other as for a clue if we will make another run to fresh NEW highs or has the party finally ended???
The old-crop JUL14 contract high of $15.36^6 posted last Thursday might be out of the question, especially if you take into account the upcoming Index roll....More
Rick Juchems, Plainfield, Iowa, is surprised that cereal-rye cover crops did not reduce his corn or soybean yields. He and 11 other Iowa farmers participated in a five-year trial to determine whether rye causes yield hits in the cash crops that follow it. It doesn’t....More
From what I am hearing most end-users are about 65-75% covered through July but have next to nothing done for August. Obviously everybody is hoping imports will help resolve the situation, but no one is clearly certain about how this game will end.
Soybean traders are digesting the fact the US planting pace is now AHEAD of our traditional average. The USDA released data yesterday showing that 59% of the crop is now planted vs. 41% last year and 56% on average. In addition 25% of the crop is now "emerged" vs....More
Farmers across the Corn Belt made strong progress in the fields in the past week, returning to normal corn planting pace and shifting ahead of the five-year average planting pace for soybeans. Warm weather helped corn and soybean crops emerge and push to near-average emergence pace....More
Although the concept of a custom farming agreement is simple, close communication between the custom operator and the landowner is essential. A written contract for the custom farming agreement should definitely be prepared that specifies the amount of payment by the landowner to the custom operator, and all other pertinent details....More
This roundup of 5 agriculture stories you should read offers steps to decide if soybeans should be replanted, as well as some info on soybean injury from soil-applied herbicides, and corn-soybean price ratios. Also, see how one farmer makes aerial scouting affordable, and check out some jazz-loving cows....More
The bear's continue to argue from a longer-term perspective, wanting to discount the current tight conditions in the old-crop balance sheet as something that will eventually be solved by imports, and focus more intently on record US acreage going in the ground, near ideal growing conditions and a very large South American crop that is all but out of the ground....More
If the soybean crop progresses smoothly into late summer and fall, new-crop soybean cash prices could tumble down to near $10, and could drop to $8.50, said Dan O’Brien, Kansas State University Extension grain economist....More