There's an immense amount of pressure riding on this year’s crop production picture, and with a margin squeeze setting in across farms, economists think it could accelerate consolidation in the row-crop industry.
Soybean prices are up 7.4% since May 9, with prices surging again this week. The July soybean contract posted closes in the green four out of five days this week, kicking the week off with a 63¢t price jump.
After just three weeks, Indonesia announced it's lifting its ban on palm oil exports. The move was expected by S&P Global Commodity Insights, saying there was no shortage of palm oil supplies when the ban was announced.
Gas prices are above $4 a gallon in every state for the first time ever, and with the average price of gasoline posting another new record Thursday, it’s causing shoppers to alter their appetites at the grocery store.
After the slowest start to planting since 2013, farmers across the Midwest found a window to plant last week. However, farmers in the northern Corn Belt are still struggling, and it's a race against the calendar.
Despite USDA releasing a forecast for a record soybean crop for a second year in a row on Thursday, soybean prices skyrocketed Friday. USDA trimmed the national average corn yield, yet corn prices closed lower Friday.
Diesel prices hit historic highs this week. Due to increased demand and a drop in production, a diesel shortage may be looming as the largest diesel distribution hub in the U.S. is sitting on supplies at a 30-year low.
The latest USDA Crop Progress Report data shows planting is off to the slowest start in nine years with only 22% of the nation's corn crop planted as of Sunday, May 8. Soybean planting progress currently sits at 12%.
Busch Light and John Deere are teaming up for a special "For the Farmers" beer can. The beer will be sold across the Midwest May 16-July 3, and $1 from each sale will be be donated to Farm Rescue.
Back-to-back blizzards in April meant the Veeders battled Mother Nature at the height of calving season. While they did everything they could to save newborn calves, they also saw relief in the form of vital moisture.
U.S. corn planting progress is off to its slowest start since 2013. With only 14% of the corn crop in the field as of May 1, Dan Basse of AgResource Company thinks a record U.S. corn yield is already off the table.
The April Ag Economy Barometer shows farmers’ concerns about crop inputs are overshadowing optimism surrounding commodity prices hitting decade-highs as some inputs are still in short supply as planting gets underway.
A state that battled widespread drought last spring has seen a nearly 180-degree turn around with weather recently, as a steady stream of moisture is preventing North Dakota farmers from planting so far this year.
Speculation over whether U.S. Secretary of Agriculture Tom Vilsack was arrested last week made its rounds on social media over the weekend, but USDA confirmed to Farm Journal the story is false.
Concerns over the world’s supply of grains and oilseeds are prompting the Biden administration to step in and encourage more production. Grain analysts say supplies of grains are tight due to the situation in Ukraine.
Farmers and ranchers have had to endure high winds for months. The powerful gusts haven’t just been annoying; it’s caused disasters across the U.S. High winds have been the culprit of wildfires and more.
Higher prices at the grocery store don’t seem to be causing consumers to veer away from the meat counter. Robust meat demand abroad is also setting sail, despite inflation and shipping struggles.
North Dakota's weather took a sharp turn with a blizzard Easter week. With multiple blizzard making it though for ranchers, and then heavy rain that fell this past weekend, portions of North Dakota are seeing flooding.
Corn futures hit the highest level in nearly a decade this week, and as prices dance around record highs, analysts warn there may be more risk than upside potential at current prices.
CBOT soybean oil prices hit a record high after Indonesia announced it will effectively ban palm oil exports as of April 28. With no timeline in place, some question the motive and duration of the announced ban.
As planting gets underway for more farmers across the U.S., improving production practices continues to be top of mind. And now U.S. farmers are proof success in stewardship starts from the ground up.
Cooler than average temperatures, combined with rain and snow, have pushed many Midwest farmers' plans to plant back a few more weeks. The slow planting pace is impacting commodity prices, and it's not even May.
High winds and eerily dry conditions across Kansas and the Southern Plains have created what’s been a battleground for continuous wildfires this year, as the fires are robbing some ranchers of vital grass.
Cotton planting sits at 7% nationwide, on track with the average, and as drought blankets the home of what’s known as the largest cotton patch in the country, dwindling crop outlooks are feeding cotton prices.
China made another large buy of U.S. corn. Market analysts say food security concerns are driving the country’s increased appetite for commodities, a trend that could continue to bring China back to the U.S.
Food prices continue to climb across the board. According to the latest Consumer Price Index, increasing grocery prices account for the largest share of the hike. However, shoppers don't view prices as high.
70 MPH winds swarmed West Texas and the Panhandle Tuesday. It may be the final nail for irrigated winter wheat that was already barely hanging on. The aftermath was evident, with drifts of dirt piled up in ditches.
Central North Dakota seems to be the bullseye for the blizzard, with forecasts showing that area could see more than two feet of snow, along with winds that could cause white-out conditions.
Increased regulation and the search for better work-life balance are two factors leading to a shortage of truck drivers in the U.S. Walmart is now increasing the starting salary for drivers to try to attract new people.
Grain and oilseed prices on the CME made gains Friday, despite USDA releasing what some grain analysts described as a slightly bearish World Agricultural Supply and Estimates (WASDE) report.
AgWeb’s first-ever Bracket Busters Challenge drew entries from across the country this year. The individual behind the winning bracket shares the method behind her picks that helped her earn the top spot.
USDA will give an updated look at supply and demand in the April WASDE report. From Ukraine to South America, Joe Vaclavik discusses possible supply and demand adjustments in Friday's report.
The March CME/Purdue Ag Economy Barometer posted the weakest farmer sentiment reading since May 2020, as the survey found the biggest concern among producers continues to be “higher input costs."
As farmers prepare for planting, supply chain concerns are rampant. Input availability issues could be a factor farmers battle all spring with a recent ag retail survey finding chemistry is in the shortest supply.
USDA's first Crop Progress Report of the year showed only 27% of the nation's winter wheat crop is rated "good," far below the trade's expectations. The numbers show the battle against drought is brutal in winter wheat.
China came in with a major buy to start the week. USDA confirmed in its daily export sales report that Beijing purchased 1.084 million tonnes of U.S. corn marking the biggest buy since May of 2021.
USDA says there are currently no plans to provide direct payments to farmers impacted by soaring fertilizer prices. The news comes as farm groups and lawmakers are asking assistance to help with rising fertilizer costs.
Commodity prices won't grow less volatile over the next several months. So, what's a potential game plan for locking in feed prices? Friday's market action may be one example of what producers can do to manage risk.
Colorado farmer Brian Brooks thinks 80% of the dryland winter wheat in his area may not survive, as some acres didn't even sprout. Prevent plant for spring may be his only option without moisture in the coming weeks.
USDA’s Prospective Plantings report came with some shocks as farmers revealed 2022 planting plans. Despite the higher than expected soybean acreage numbers, some analysts say the soybean balance sheet is still tight.
Andy Pasztor is an Ontario, Canada farmer first who’s also found fame on social media for his ability to make any tractor shine. Thanks to farmers on social media, that passion turned into a business for "Andy Clean."
From changes in corn and wheat acres to more producers looking to plant soybeans, FBN's 2022 Planting Report could be an early indication of what USDA's March Prospective Plantings report will show later this week.
Less than a week from USDA’s Prospective Plantings report, it seems the market isn't consumed by possible acreage outcomes. Instead, outside interest fueled prices as investors see commodities as a safe bet.
The crisis in Ukraine continues as farmers prepare to plant. And now there are reports planted acres in the country could fall by half this spring as Russia is accused of deliberately targeting Ukrainian agriculture.
John Moody was stranded and thought he was paralyzed after his tractor ran over him last March. His rural mail carrier found him, repaired the fence, got John's belongings, and still finished his mail route that day.
The fundamentals in both the grain and livestock markets didn't change this week. So, why did prices see such a volatile trading week? Joe Vaclavik and Don Close break down this week's market action on U.S. Farm Report.
As the crisis in Ukraine continues and the world debates whether Ukraine will plant crops this year, what is best-case and worst-case scenario for agriculture in Ukraine? U.S. Farm Report analysts weigh the scenarios.
Even with Russia removed from the global fertilizer market, it still doesn’t create worst-case scenario. StoneX Group says China could make the situation worse, as China and Russia account for 40% of global phosphate.
As the White House looks to fill the gap of displaced Russian oil, agriculture says E15 is a ready-made answer. Analysis by the Nebraska Ethanol Board shows why bumping blends to E15 could ease prices at the pump.
Brazil's soybean crop seems to be shrinking. Estimates by AgResource earlier this month show a soybean crop under 120 MMT, and it's yet another slash to crop estimates that are at a level not even USDA has touched yet.
AgResource Company released the latest soybean crop production estimate for Brazil, showing a crop size of 119.5 MMT. A recent crop tour shows the weather took a major toll on the crop in the Southern portion.