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
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
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
With spring planting in full swing, farmers are encouraged to properly maintain their ag tires to promote optimal equipment and crop performance in the field. James Crouch, farm segment marketing manager for Michelin North America, says having the right tire pressure and sufficient tread are the most important considerations.
A recent review of biotech, or GM (GMO), crops shows that they offer major environmental benefits and allow farmers to grow more acres with fewer resources. In the 17 years of adoption, genetically modified crops delivered more environmentally friendly farming practices while providing clear improvements to farmer productivity, says Graham Brookes, co-author of the PG Economics report....More
The soybean bulls are trying to revive the trade on rumors of yet another Argentine strike; data showing better-than-expected U.S. soymeal sales; and extremely tight supplies. As a producer, I continue to hold out hope for new-crop prices to make a run back above $12.50, but I think we are still several weeks away....More
Here are 5 ag stories you should read today, April 25. From late planting and concerns (or lack of), including compaction, to learning more about the PLC risk coverage in the Farm Bill, to NASA research about better soybeans, these are stories you should read....More
Do you know the optimal seeding rate for a return on your dollar, as well as break-even costs for input use? Our Extreme Beans mobile app gives you the numbers you need to know with easy-to-use calculators! Download the mobile app before you hit the field this spring....More
Gavilon Grain LLC has partnered with Syngenta to market the new rootworm-resistant Duracade corn. While growers of the new corn are free to find their own markets, if they can't, Gavilon will step in to find a buyer and set up a grain contract, offering growers a local market price for the corn....More
Chuck Lee, Syngenta, talks about the new rootworm-resistant Duracade corn. With a limited launch in 2014, the company expects to have about 250,000 acres of the new-traited corn planted under the NK and Golden Harvest brands....More
Steve Ford is one of about two dozen Corn Belt farmers with similar Stine-sponsored test plots. He was more than a little curious about how high-population corn planted in 12-inch rows would stand up – and how it would yield....More
Seed treatment is all about reducing risk, especially in the first 72 hours of a plant’s life. And farmer use is proof. Aided by newer systemic fungicides and insecticides, their global sales more than tripled from $700 million in 1997 to $2.25 billion in 2010, and they’re estimated to reach $3.4 billion in 2016....More
The USDA Animal Plant and Health Inspection Service (APHIS) is seeking review and comment from the public on the possibility of deregulating corn and soybean seed that’s resistant to 2,4-D, among other herbicides....More
Ken DeSmith is a believer in higher corn plant populations, but that wasn’t always the case. The Atkinson, Ill., grower was skeptical when corn plant populations started steadily creeping upward a decade or more ago....More
Denny Bell has the yield maps to prove that careful seed selection pays. Now the Terra Haute, Ind., farmer has Yield Pop, an app that streamlines hybrid selection for his 1,100 acres of corn and 900 acres of soybeans, offering yield information for free....More
Ohio State University experts have been receiving lots of questions recently, regarding which fungicide seed treatments to choose, which rates to use and the necessity of insecticide seed treatments....More
"Documented consistency in yield performance is still the key to success in selecting hybrids that will perform well in your farming operation," Nielsen says. "When you are pressured to choose this hybrid or that one because the sales rep assures you it will perform well, don't hesitate to ask for the performance data that backs up the recommendation."...More
It’s non-GMO month, say natural food retailers. Really. Kind of a crazy irony, as you and your peers harvest millions of GMO crop acres. These are the same grains that we all have consumed in food for more than 17 years -- without a single instance of adverse health or environmental effects....More
Terry Aukes knows his soybean seed. He evaluates soybean seed both personally as a farmer and professionally as seed department manager at Farmers Elevator Cooperative, in Larchwood, Iowa. “Match your choices to your toughest areas, and extract what you can in yield," he says. "There is so much germplasm available to consider, and your choice should help you maximize each field's return on investment. There is so much yield variability, even among similar maturities.”...More
Tommy Carter knows soybeans like Steve Jobs knew computer design. The more he knows, however, the more Carter marvels at the soybean’s complexity. It makes him wonder how all that mysterious and even undiscovered genetic potential can be put to work in fields across the world....More
Yamaha introduced it's new side-by-side vehicle, the 2014 Viking. Travis Hollins, ATV and SxS product planning manager for Yamaha, talks about the new cab features, including three-passenger seating, as well as the utility functions of the new SxS. Hollins also talks about the engine position of the new Viking model, as well as its offroad capabilities, including the On-Command system and Ultramatic transmission....More
John Deere spent almost a month this summer in Columbus, Ohio, training their 4,800 dealers on its new iron and technology coming in 2014. I arrived with other media during the last wave of 1,200 dealers to witness the event and drive the new 7R series tractors....More