Cotton
Corn, cotton and grain sorghum condition all have the same percentages good and excellent as last week. Soybeans improved by two percentage points.
USDA announced a new tariff aid plan that offers a single payment rate for all commodities.
In spite of what we heard for months of sideways trading markets and media fear of being saddled long term by mountains of grains (especially corn), some real issues are surfacing.
Indigo Ag, Inc., is launching an on-farm storage program for U.S. farmers to enable identity preservation of corn, soybeans, cotton, wheat and rice.
New formed Local Seed Company says it will offer farmers a “direct-to-growers” option with a mission to provide custom crafted seed options delivered to the farm.
The U.S. Department of Agriculture (USDA) says both U.S. peanut and cotton producers may have a record crop on their hands.
Here’s the latest from the USDA’s World Agricultural Supply and Demand Estimates:
UPDATED Friday AM: Hurricane Harvey was upgraded to a Category 2 hurricane this morning. The National Weather Service expects the area of impact to be “uninhabitable for weeks or months.”