A new report from GROWMARK shows that corn and soybean stock levels don’t directly correlate with corn and soybean prices. “Stocks do not influence overall price levels,” according to Kel Kelly, GROWMARK economic and market research manager, and author of the report....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
Dumping the old-crop bushels and holding off on any new-crop sales obviously makes the most sense. It creates cash-flow, frees up available storage and buys lots of additional time. Also with new-crop prices well below the spring revenue insurance guarantee of $4.62 per bushel, I see no real need to start making new-crop sales at this stage....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
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
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
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