Corn
The Russia-Ukraine crisis sent wheat prices skyrocketing 50 cents higher, with corn up 30 cents at one point Thursday. Crude oil also soared above $100 per barrel, hitting the highest level since 2014.
Combined corn and soybean area is forecast at 180 million acres, below the historical high of 180.6 million planted in 2021.
There’s plenty of disease inoculum in cornfields across the Midwest. It’s just a matter of whether Mother Nature will unleash the devastation this season that many farmers saw in 2021.
WTI oil prices crossed the $90 mark last week for the first time since 2014. Strong oil prices typically translate into strong demand for corn ethanol, but some analysts warn electric vehicles may put that on a detour.
Dept. of Commerce issued a preliminary determination this week showing urea nitrate from Russia and Trinidad and Tobago is being sold into the U.S. at less than fair value. The ruling could open the door for tariffs.
From issues sourcing inputs to input prices holding at record and near-record levels, acreage decisions in 2022 are being shaped by more than just weather and commodity prices. And analysts warn more risk is ahead.
Recent COVID-19 vaccine mandates in both the U.S. and Canada could take even more truckers off the road. Trucking industry experts warn while empty store shelves could turn into more fertilizer shortages next.
If you normally use starter fertilizer, keep using it, advises Ken Ferrie. “Five gallons of 10-34-O will give you a bigger kick than 300 pounds of broadcast DAP, due to placement and timing,” he says.
China came in with some purchases of soybeans and corn this week, and as rumors of more buys from China continue in the markets, analysts point out some of China’s big ag buys from last year still haven’t shipped.
The story of a once-in-a-lifetime Indian pot’s stunning find on an agriculture operation, unlikely survival, and incredible contents provides an extremely rare window to the past.
Even with no big shocks to the markets in USDA’s major reports this week, there are a few takeaways from the reports that could provide perspective and insight on future crops and how traders react to weather concerns.
The report found nitrogen accounts for more than 50% of fertilizer costs for a corn producer at $117 per acre.
USDA made slight adjustments to the final 2021 corn-production estimate, but not due to a change in yield. USDA reported a slightly higher national soybean yield. The agency also revised demand in WASDE on Wednesday.
A new report from Texas A&M Agricultural and Food Policy Center (AFPC) a 50% rise in fertilizer prices equates to an average of $128,000 per farm. The largest per-acre impact would falls on rice farms at $62.04 an acre.
USDA will release several reports Wednesday, January 12, including Crop Production, Grain Stocks and WASDE. With declining outlooks for South America’s crop, Garrett Toay and Brian Splitt break down what to watch.
Have record high fertilizer prices finally peaked? While prices continue to remain high right now, there were some signs last week and already this week that indicate some relief and stability may be in sight.
Available in select counties in 11 states, the Post Application Coverage Endorsement is available for non-irrigated corn.
Understanding the where and how of herbicide active ingredients can help you address weeds and manage your budget more effectively.
2021 was a wild ride for commodity markets. From China to weather concerns, weather worries in South America seemed to trump demand to close out 2021. Here’s what analysts say they learned and what they’re watching now.
Nearby corn futures pushed past the $6 mark this week, and for farmers who have unpriced grain in the bin, the markets may have felt like an early Christmas gift. Analysts say there’s one factor that propelled prices.
Most years you won’t see fall anhydrous applications kick-in and help your corn crop until around V6 or V8 when the corn is about knee-high, says Ken Ferrie. This week’s podcast offers some recommendations.
From increased input prices, to a dimmer outlook on corn export demand, analysts say there are a multitude of factors driving the outlook into the new year. Analysts weigh in on their price picture projections for 2022.
Everybody seems to be talking about cover crops. Rightfully so because, managed correctly, they can provide environmental benefits. Higher yield? Well, maybe, but probably not, at least in the near term.
What really makes yield per acre? It’s not plant population — that’s merely one component, as we were reminded of in 2021.
The latest CPI shows drivers are seeing motor fuel prices up 58% at the pump compared to a year ago. In total, the new data released Friday shows U.S. inflation jumped 6.8% last month, the fastest rate in 39 years.
Most of the report’s focus was on wheat; USDA made little change to corn and soybeans for both domestic and South American production.
Consider these strategies if your former plan isn’t an option.
Commodity markets were on a rollercoaster ride this week, with a sharp drop to end November and then a recovery to end the first few days of December. Analysts say that volatility might just be getting started.
What really makes yield per acre? It’s not plant population—that’s merely one component.
Open slots and false bottoms are being created as farmers build strips for their spring planting pass.