Crops
As soybean supply concerns continue to impact the market, USDA’s fresh look at 2020/2021 ending stocks in the May WASDE report paints a scenario where soybean supplies will remain extremely tight.
Chicago Board of Trade soybean futures jumped 1.8% on Tuesday, surging above $16 a bushel for the first time since September 2012 as traders focused on prospects for tight supplies until late 2022.
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.
ADM plans to build a soy-crushing facility and refinery in North Dakota to meet increasing demand for food and renewable fuel.
The two-day event is set for August 3-4. It offers all-new, practical agronomic information with hands-on, in-field sessions as well as classroom style learning.
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.
The USDA Crop Progress Report revealed 70% of South Dakota’s subsoil moisture is considered short to very short. One South Dakota farmer says it’s a dire situation, one keeping him from planting his corn crop yet.
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.
Cold temperatures in April squashed hopes for an early planting season here in Nebraska but now that farmers are in the field they’re making up for lost ground, but dryness concerns are continuing to mount.
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.
A wide-open week with dry weather helped farmers make large strides in planting progress. USDA shows as of Sunday, May 2, 46% of the corn crop had been planted, a 29-point jump in just a week.
Drier weather helped aid major planting progress for U.S. farmers last week, but it didn’t help the topsoil moisture situation. USDA’s Crop Progress report indicates 55% of the U.S. topsoil is considered ‘adequate.’
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Crop protection and numerous other ag products are in tight supply and prices are trending higher. What does that mean for farmers? Keep an eye on this page for continuing coverage from the Farm Journal team.
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.
Freezing temperatures, frost and cold weather are testing theories about the yield benefits of ultra-early planted soybeans. Agronomist Missy Bauer says soybeans are surprisingly hardy.
In a venture to produce cleaner energy, big oil is turning to soybean oil. In April, Phillips 66 announced an investment in a soybean-processing plant in Iowa.
After several years of challenging weather, Ohio farmers are dodging snow and cold temperatures to put corn and soybeans in the ground. According to USDA, roughly 8% of those crops are now planted.
As farmers work to get the 2021 crop in the ground, some inputs are facing severe strains. While glyphosate and glufosinate are in short supply today, one retailer says fungicides and insecticides are next.
The tool estimates performance results and dollar value of BASF products versus competitive products and rebates.
While corn and soybean prices continue to march higher, farmers are making progress getting the 2021 corn, soybean and cotton crops in the ground.
Such products can help prevent or ward off pathogenic fungi and bacteria and, in some cases, be paired with conventional disease-control measures.
In the rush to get corn and soybeans in the ground, keep in mind some principles that can help your crops get a strong start this season.
Farmers will need to take into consideration the cover crop, timing, weather and stage of growth, says an Ohio seedsman.
As retailers are now facing tight supplies of popular herbicides like glyphosate and glufosinate, product prices are climbing and supplies are being rationed. It’s a issue that could last the entire season.
As old crop soybean prices soared past $15 this week, experts say there is concern about a shortage of soybeans with emotion and lack of farming selling providing fuel for the markets this week.
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.
Many commonly used herbicides are hard to find, and prices are trending higher. Fungicide availability may also be limited in some cases.