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
In the 5 ag stories to read this week, read about applying nitrogen to soybeans and find a different way to evaluate your profits. Learn about the impact of Chinese corn imports, as well as marketing strategies in a high-risk environment. And last, you can now buy the Farmland movie on DVD.
Despite low prices, farmers still need to make a profit when growing corn and soybeans. Increasing yield is key to that profit. From no-till tips to fertilizer choices, healthy soil to on-farm experiments, there are some of our best stories offering tips and insight to increasing corn and soybean yields this growing season.
The Obama Administration and some members of Congress are currently proposing some major changes in the federal crop insurance program. At the same time, other members of Congress and agricultural leaders are stressing the need to maintain a strong crop insurance program as the centerpiece of a risk protection program for U.S. crop producers....More
There are just days left before farmers have to finalize their farm program choices in the 2014 Farm Bill. For those who still need some explanations, help, tips or further information, we've put together a collection of stories for reference. From farm program basics to cash flow planning and market prices, here is the information you need to help finalize your farm program decision.
Without the problematic political and labor headlines out of South America and no leverage from the weather at this point, soybean bulls are facing an increasingly tough uphill battle. Crush margins are drastically backpedaling here in the U.S., and South American exporters are clearly starting to get their legs underneath them....More
With USDA projecting an average corn price of $3.50 to $3.60 and soybeans at $9, these times require risk management survivalist mode. Dan O’Brien, Kansas State University Extension grain marketing economist, says the foreign crop production, U.S. weather during planting, the U.S. dollar and other factors may impact prices at any time....More
If Midwestern night temperatures rise by 9 degrees by 2100, as many climate scientists predict, the corn yield/July temperature relationship from Indiana suggests a yield decrease of 2.1 bushels per acre for every degree Fahrenheit increase....More
National Ag Week is being celebrated March 15-21 all across the United States, with Wednesday, March 18, designated as National Ag Day. As we celebrate National Ag Week, it is a good time to reflect on all the traditions and advancements that help make the U.S. agriculture industry second to none! Here are some interesting statistics about today’s agriculture industry....More
The 5 ag stories to read this week brings you the latest on proposed regulations for drones. Learn about the value of lost organic matter due to erosion, and meet farmers who are using websites to get more business. Read about canceling land rent contracts, and a positive article from The New York Times featuring a no-till farmer.
Management, more than inputs, is still the key to higher soybean yields, according to the latest USB-funded university research. “You can’t buy higher yields; you still have to work for them,” says Seth Naeve, the University of Minnesota agronomist who led the intensive soybean yield research....More
Will we get a second chance to price corn and soybeans at the higher prices last seen 3 months ago? The bears have the floor but remain patient. I'm betting on the too-too season to deliver a second chance to price new- and old-crop corn and soybeans this spring....More
The dealine for 2015 crop insurance elections is just days away. As you finalize your choices, consider the following: what coverage is best for your farm, and look at all available options, particularly new ones from the 2014 Farm Bill....More
Most farm operators have been contemplating farm program choices for the new farm bill for the past 6-8 months; however, decision time has now arrived. Producers have until March 31, 2015, to complete their farm program choice at local USDA Farm Service Agency (FSA) offices....More
Ed Usset, University of Minnesota grain marketing economist, sees little incentive for making corn and soybean sales at price levels seen early this year. “I’m not recommending getting aggressive at these levels,” he says. “I’m going to be patient and hope something better shows up this spring. Give me a spring rally and I’ll perk my ears up.”...More
To make up for lower corn and soybean prices, you might be tempted to emphasize spending on inputs across the board for top corn and soybean yields. Instead, consider a plan that funnels your focus and money into management decisions that target top yield stressors....More
The 5 ag stories to read this week offer tips for prepping your planter this spring. Learn about a new test for SCN, and what Secretary of Agriculture Tom Vilsack had to say to farmers at Commodity Classic. Get help with on-farm trials, and find out what regular words on the farm mean to non-farmers.
What's an effective herbicide alternative to combat weed resistance? That's a question Bryan Young, associate professor of weed science, Purdue University, gets asked often. Being effective has to do with making sure that the herbicide alternative you're using can control the weed species, he says....More