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
Is new-crop corn in its seasonal slide? Sure looks like it, as prices hit $4.50 per bushel and lower, down more than 50¢ since early May. Without weather scares that can threaten the 2014 crop, farmers should look harder for good sell opportunities, says a Kansas commodity broker-analyst....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
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
Newly released figures from farm-management sage Gary Schnitkey, University of Illinois, amount to a 6% increase for 2013 non-land costs above 2012. That’s $615 non-land costs to produce an acre of 2013 central-Illinois corn versus $581 per acre in 2012....More
The USDA Economic Research Service released finding from a pesticide use study. Over the last five decades, pesticide use on corn, soybeans and other crops, as well as active ingredients, has changed dramatically in U.S. agriculture, including herbicide and insecticide use.
After trading to almost $5.15 per bushel (just 17 trading sessions back, on May 6th to be exact) the new-crop DEC14 contract has dropped some $0.60 cents per bushel. I'm not calling this a bottom or looking for a complete turnaround, but I do think...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
Corn growers should start scouting for common stalk borer, say experts at Iowa State University and University of Nebraska-Lincoln. Scouting for migrating larvae in corn should begin now to make timely treatment decisions, says Erin Hodgson, Iowa State University associate professor of entomology....More
Wet or windy conditions may have kept farmers from applying a preemergence herbicide this spring. However, Bill Johnson and Travis Legleiter, experts from Purdue Extension say that many of these herbicides are still safe for farmers to use after corn has emerged so long as they pay close attention to product selection and application timing....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
The number of farms in the United States in 2013 was estimated at 2.10 million, down 7 thousand farms from 2012. Total land in farms, at 914 million acres, decreased 360 thousand acres from 2012. The average farm size in 2013 was 435 acres, up 2 acres from the previous year.
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
The U.S. economy is showing mixed signals. The lead economic index (LEI) which foretells the future of the economy has been increasing in recent months, most recently up 0.4%, which is bullish for the economy. Sixty percent of the factors that make up the LEI are exhibiting positive signs....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
Bears continue to feel the pain and side-effects of Injuries sustained by the sudden and unexpected jerking of the markets higher. I continue to monitor both the NOV14 and NOV15 soybean contracts in hopes of making another round of sales and further reducing downside risk and exposure....More
Corn prices have dropped about 40¢ since the USDA May 9 WASDE report. University of Illinois agriculture economist Darrel Good says that “the recent price decline appears to reflect a combination of declining wheat prices and prospects for a build-up in corn stocks during the 2014-15 marketing year.”...More