Corn
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More than just a buttery ear of corn for dinner, corn production is responsible for over 600,000 jobs, paying $35 billion in wages across the nation.
With the farm bill now extended for another year, ARC-CO and PLC support levels for 2025 are now known. A new report from Terrain breaks down the numbers.
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How can you protect corn root health and improve your crop’s overall health and eventual yield? Learn about the threats to corn roots.
U.S. biofuels and corn groups criticized the overall guidance as lacking details on what qualifies for tax credits.
Brad Kooima, Kooima Kooima Varilek, says live cattle futures are consolidating which is healthy. Meanwhile, corn and soybeans make new highs for the move still digesting USDA’s bullish report data and the shocking cuts in yield, production and ending stocks.
Jerry Gulke, president of the Gulke Group, says as of Friday’s report, USDA has dropped corn ending stocks nearly 1 billion bushels from their initial estimate during the February 2024 Ag Outlook Forum when the agency projected carryout at 2.532 billion bushels based on trend-line yield.
Markets saw a double-digit rally as USDA says the 2024 corn and soybean crops were not as big as originally projected.
USDA lowered corn yield a whopping 3.8 bu. and soybeans 1 bu. which led to lower production and ending stocks.
Allison Thompson with The Money Farm says corn has rallied nearly $1 and soybeans around 50 cents off the lows. So production and ending stocks will need to come in well under trade estimates in the USDA reports for prices to push higher.
“There might be ways for farmers to become more efficient with fertilizer while maintaining yield, but only by carefully analyzing each farm, field and soil management zone,” says Ken Ferrie. He shares 4 tips to cut fertilizer with confidence.
Rich Nelson with Allendale, Inc. says grain markets are seeing early pressure with a rebound in the U.S. dollar index back near recent highs, but also watching South American weather and ahead of USDA reports on Friday.
Kent Beadle with Paradigm Futures says corn and soybeans are seeing profit taking and farmer selling after hitting chart resistance on Monday at previous highs and retreating.
Naomi Blohm of Total Farm Marketing says corn, soybeans and soybean meal saw fund buying and weather premium being added early in the session with hot and dry weather forecasts for 15 days out in Argentina and Southern Brazil.
Re-engineered cameras and rugged GPUs make up the latest leap forward as John Deere forges ahead to a fully autonomous production system by 2030.
Brad Kooima of Kooima Kooima Varilek says cattle futures recovered nicely from Friday’s selloff with some contracts making new highs for the move, pricing in record cash cattle trade. Grain markets are seeing fund buying with soybeans and meal leading on dry weather forecasts for Argentina.
Randy Martinson, Martinson Ag, says corn and soybeans saw early pressure as both markets ran up into chart resistance which triggered fund profit taking.
Allison Thompson with The Money Farm says corn and soybeans both ran up into chart resistance and are seeing some profit taking by technical traders.
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Darin Newsom with Barchart says corn and soybeans were higher on technical buying and adding some weather premium with a hot dry extended forecast for Argentina and Southern Brazil. Cattle futures followed record cash in the South.
DuWayne Bosse, Bolt Marketing, says corn scored a new six month high close for the move on dryness in the extended forecast in Argentina and funds adding to their long position.
Here’s a snapshot of distribution by state and crop as well as per-acre payment rates by crop for the $9.8 billion in market relief payments for farmers.
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Learn which factors impact seeding rate and determine how and when to adjust how you plant.
Scott Varilek, Kooima Kooima Varilek, says cattle futures are extending gains after a higher week in the futures and with higher cash trade. Grains are seeing technical buying but dryness in Argentina is also a concern.
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Learn the cost and benefits of continuous corn and how to manage pests, disease, nutrients and more.
The enzyme in Phosforce is already in the soil but available in limited supply, and application accelerates the biochemical reactions in the soil to tap an previous unused pool of soil phosphorus.
Carmi, Ill., farmer Chase Sailer isn’t afraid to do things different. He learns from failures on the farm and is turning to precision tools to drill down decisions to every acre.
The CR includes nearly $110 billion in disaster and farmer aid, which includes $10 billion in farmer aid and $21 billion ag disaster aid. $2 billion of that disaster aid is specifically for livestock producers. The measure also includes a one-year extension of the 2018 Farm Bill.
Jerry Gulke, president of the Gulke Group, says the weekly continuation chart corn is trading above the October high, the 50-day and the 200-day moving average. “The chart is telling us to have a little patience in this uptrending market,” he adds.
The dispute traces back to December 2020 when plans were first announced to ban GM corn by the end of 2024. This move immediately raised concerns in the Corn Belt, prompting NCGA to initiate outreach to both the Trump and Biden administrations.
Chip Nellinger, Blue Reef Agri-Marketing says soybeans recovered off Thursday’s new contract lows on fund short covering and profit taking, plus market talk that China was in buying soybeans. Corn put in the highest weekly close in six months.