Corn
A Harris administration would likely continue the “climate-smart” initiatives in the Inflation Reduction Act, but a second Trump administration would put the future of sustainable aviation fuel in question and extend the use of liquid fuels.
The Illinois corn crop didn’t quite meet USDA’s expectations of 225 bu./acre, but it hit 204.14 bu. At the same time, Iowa’s soybean crop is putting out big numbers.
The corn yield estimate in Indiana is nearly 7 bu. per acre above the 2023 tour estimate; the soybean estimate is up 7.56%. Nebraska’s corn yield estimate is just over 6 bu. per acre higher than last year, and the soybean estimate is up 1.07%.
If you have tar spot, Southern rust or other disease pressure and plan to dry the crop in the field, you might want to spray again.
Corn yield estimates in South Dakota are less than 1 bu. per acre lower than 2023 tour estimates while soybean pod counts are up. Ohio’s corn yield estimates are slightly lower than last year and soybean pod counts came in 1.84% lower.
Gradable has more than 20,000 farmers users totaling 12 million acres and has facilitated more than $30 million in financial incentives for sustainable/regenerative practices every year.
Excess old crop supplies of corn need to be moved before a record crop is harvested. Tomm Pfitzenmaier of Summit Commodity Brokerage shares some options.
Researchers at Iowa State University have released a new Extension publication that reports county-level average nitrogen use efficiencies.
Markets will look for confirmation of record yields from the tour for direction.
Wheat sees a short covering bounce, while cattle fall with fund liquidation and lower cash.
As scouts set off for the 2024 Pro Farmer Crop Tour Monday morning, market watchers say there a few key things they’ll need to see out of next week’s tour. From ear counts to stands to kernel size, here are the biggest metrics to watch during tour.
The latest WASDE report from the USDA forecasts record-breaking yields in five of the states Pro Farmer Crop Tour will tour —Indiana, Illinois, Iowa, Nebraska and South Dakota. Illinois could see an amazing average corn yield of 225 bu. per acre.
Crop Tour is a fact-finding mission with a goal of getting a strong, objective view of corn yield potential from one big field across seven states.
Soil Scientist Outlines New Soil Health Focus for Company
When average daily humidity levels reach and stay at 75% or above, that’s a signal your crop could be at high risk from the disease.
Some growers are struggling with waterlogged fields that are producing stunted, yellowing corn. Field Agronomist Ken Ferrie offers farmers hope and help with his practical, no-nonsense recommendations.
Soybeans and Wheat Prices Follow
What does it mean for the balance sheets and future prices?
Jerry Gulke shares three things to know about the state of corn, soybean and wheat prices.
Joe Kooima of Kooima Kooima Varilek says row crops have had a tough week making new lows — and Friday is off to a similar start.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the reports, but corn and soybeans have also experienced selling tied to improved weather and other factors.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the USDA reports, but corn and soybeans just can’t seem to put in a low.
Corn is at all different sizes in parts of northwest and north-central Iowa, where heavy moisture levels are taking a toll. That’s not the case for southeast Illinois where farmers have seen little moisture.
Don Roose of U.S. Commodities says funds are selling in the grains markets due to bearish technical signals and lower seasonals, plus gearing up for bearish USDA Reports.
Grains see another bloodbath on Tuesday with new lows for the move scored across the complex. Don Roose of U.S. Commodities says funds are aggressively selling and are record short for this time of year.
Grains break to new lows on fund selling says Randy Martinson, Martinson Ag. He says the market is totally disregarding lower crop ratings and flooding in the Northwestern Corn Belt.
A new 75,000-square-foot green ammonia fertilizer production and distribution facility is online in Boone, Iowa. The modular plant creates 82-0-0 anhydrous ammonia from air, sun, and water.
Crop conditions continue to fall as extreme weather plagues this year’s growing season.
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
Ag markets are mostly lower Monday except cattle and nearby soybeans. The record cash cattle trade is trumping the bearish Cattle on Feed Report, says Scott Varilek, Kooima Kooima Varilek.