Corn
A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024.
The commodity markets finished the month of May with more volatility. As the market is greeted by June next week, analysts say weather will start having an even bigger impact on prices.
A Brazilian agribusiness consultancy announced a new forecast reduction for the country’s second corn crop because of a severe drought, adding that yields are expected to touch a five-year low this season.
USDA is set to release its latest WASDE report Thursday. Analysts say the June WASDE report typically isn’t the biggest market moving report for the month, but think there are key changes that need to be made.
Corn Prices Boosted by USDA Report Reflecting Robust Exports, Ethanol’s Rapid Recovery from COVID-19
USDA’s June World Agricultural Supply and Demand Estimates (WASDE) caused corn prices to hang on to the day’s gains, but spurred soybean prices to tumble Thursday.
The change in the weather forecast sent commodity prices plummeting Monday. Corn and soybean prices saw pressure after the weather models produced an outlook for wetter and cooler weather by the end of the week.
To get the best return-on-investment from your nitrogen (N) applications in corn consider pairing them with sulfur.
Along with that issue, Ken Ferrie addresses corn rootworm and other pests and diseases that he’s observing and addressing in the field now.
Reuters reported POET is in talks with Flint Hills Resources to buy all its ethanol assets. The possible deal would increase POET’s production capacity to up to 3 billion gallons a year.
As the extreme volatility and extended price limits played out in the markets this week, Joe Vaclavik of Standard Grain says the main issue traders are watching are possible changes to corn acreage this year.
China’s corn buying spree continued Friday with a sale of 1.36 million metric tons (mmt). The announcement came on the heels of a week of consistent new crop sales.
The unexplained suspension of operations of a key Chinese agricultural data provider has left traders, analysts and brokers scrambling for other sources of information on one of the world’s most important farm markets.
Dry weather and poorly timed planting are weighing on Brazil’s second corn crop this year, reviving fears of another surge in feed prices like the one that battered big meatpackers after a 2016 drought.
USDA confirmed on Monday China purchased just over 1 million metric tons of new crop corn, but the country also canceled 280,000 metric tons of old crop corn. The buying spree signals tight supplies could continue.
The last seven days were busy with corn planting across the U.S.
Chinese buyers bought 1.36 million tonnes of U.S. corn, matching their seventh biggest ever purchase of U.S. supplies of the grain, the U.S. Agriculture Department said on Friday.
Colder temperatures headed your way? Consider parking your planter for a few days. Worried you need to replant a field? Free tools available here to help you make the decision.
Chicago Board of Trade corn futures extended a rally on Thursday above eight-year highs as dry weather threatened harvest yields in major exporter Brazil and kept the focus on ebbing global supplies.
The Renewable Fuels Association (RFA) says China’s buying increased to 48.3 million gallons in March, which is the second largest monthly export total ever on record, just missing the high set in April 2016.
As old crop corn closed well above $7, and old crop soybeans well above $15, the market volatility was on center stage this week. But history shows the price highs for new crop corn and soybeans may not be in yet.
Commodity prices continued to race higher on Thursday, with corn trading the limit higher. Soybeans and wheat also saw prices surge higher with double-digit moves.
Tuesday was another dynamic day in the grain markets. Soybean futures hit contract highs and nearby corn futures climbed above $6. Clinton Griffiths discovers what’s behind the market moves.
Commodity prices jumped even higher to start the week, with May corn futures topping $6 again Tuesday. Farmers are reporting local elevators posting new crop corn bids over $5, as well. What’s driving the momentum?
The U.S. Department of Agriculture’s statistics division is conducting a “deep dive” review of how it conducts its quarterly U.S. grain stocks reports, an official said during an online conference on Wednesday.
Between 10% and 20% of yield potential can be lost, if you plant corn in unfavorable conditions.
North Dakota just endured its driest September to March ever on record. On Thursday, Governor Doug Burgum declared a state of emergency due to drought. Farmers are now forced to make tough decisions, early.
Getting plants up and running is important to a successful growing season. To do that many farmers are using well-placed fertility to Win the Furrow.
To win the furrow this planting season means making sure plants have all the nutrition they need early. There are plenty of options for farmers to consider during the planter pass.
Some of those annual limiting factors can be addressed in-furrow via the planter.