Crops
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.
The latest USDA Crop Progress Report shows 80% of the corn crop is now planted, which is 12 points ahead of the five-year average. Soybean planting is 61% complete nationwide.
U.S. corn futures rose 1.5% on Tuesday after the U.S. Department of Agriculture (USDA) pegged planting progress behind market expectations, stoking concerns over global supply.
It can be difficult to decide when to tear out a field and start over. Get Farm Journal Field Agronomist Ken Ferrie’s recommendations here.
A federal appeals court upheld a $25 million judgment and trial verdict finding Roundup caused a California resident’s non-Hodgkin lymphoma, dealing a blow to Bayer’s hopes of limiting legal risk over the weed killer.
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.
Federal and state water projects say they will provide little to no irrigation water to many agricultural customers, so farmers must calculate how much food they can grow with their limited supplies.
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.
A U.S. government weather forecaster said on Thursday La Nina has ended and El Nino-Southern Oscillation (ENSO) neutral conditions are likely to continue through the northern hemisphere summer.
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’s first look at new crop in the May WASDE indicated higher crop prices could start to erode demand. However, USDA points out greater domestic use could help offset the idea of lower exports.
After a slow start here to planting in portion of Iowa, farmers are now planting the 2021 crop at a record pace. One Rock Rapids, Iowa farmer can’t recall a year he was able to finish this fast.
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.