Corn
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.
As cover crops make their way on to more acres, dealing with that new planting environment brings its own challenges.
Planting a crop isn’t just dropping seed in the ground and hoping for record results. In order to “Win the Furrow,” it starts with uniform germination and emergence.
Brazilian production of ethanol from corn rose 58% in the newly passed year as dozens of recently built plants in the country’s grain heartland ramped up production.
A week after USDA released its bombshell Prospective Plantings report, USDA’s April WASDE also sparked some market momentum in corn, but seemed to disappoint for soybeans.
A week ago, USDA issued an explosive Prospective Plantings report. Coming off such a large report, USDA’s April WASDE report typically doesn’t spark a wild reaction. However, one analyst thinks 2021 could be different.
While gasoline demand saw pressure during the pandemic, Iowa had a big year for E-15 sales. The Iowa Department of Revenue reported the sale of E-15 jumped 24-percent last year, which set a new record in the state.
The history of wild pig hunts is filled with unusual stories, but the chase for a 750-lb. beast hiding in plain sight on a Mississippi farm ranks as a standalone account. Farming reality outshines fiction.
USDA issued its first weekly Crop Progress report of the year Monday. USDA’s NASS showed winter wheat conditions are in line with trade expectations, as well as where the 2021 planting season has already started.
Compaction layers you create now could take a huge yield bite out of your 2022 corn crop.
Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump.