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B&B Farm Store defaulted on an estimated $1.3 million of grain they bought from 60 Jesup, Iowa area farmers. But that may not make farmers whole and points to a bigger problem.
Soybeans took a hit in Minnesota, which was the western leg’s trend this year. Corn showed more kernel depth and yield on both routes.
December corn futures rose to the highest price since late June and soybeans and wheat also rose amid concern over dry weather. Why did corn prices surge? Several bullish factors are at play,
Warning signs about the health of the general economy are blaring, but Farmer Mac’s summer issue of “The Feed” shows why ag lenders are in a better financial position to help farmers weather the higher costs.
U.N. aid chief Martin Griffiths said on Thursday that grain shipments from Ukraine could resume as soon as today but that details of the exact coordinates of shipping routes were still being finalized.
The Commerce Department put out its second quarter GDP data this week, showing the U.S. economy shrank from April through June.
From 2001 to 2016, the U.S. lost or compromised 2,000 acres of farmland and ranchland every day. If that trend continues, and another 18.4 million acres is converted between 2016 and 2040.
Corn needs 1/2" of silk to pollinate. In some cases, the pest pressure in parts of the Midwest is heavy enough that’s not happening and is signaling full-blown resistance problems.
On Thursday, Corteva Agriscience announced a number of 2022-23 market introductions and advancements for its corn and soybean product lineup.
U.S. Labor Secretary Marty Walsh remained optimistic about contract negotiations between workers and shipping companies for some of the country’s most important ports, even as talks extend past a previous deadline.
Some corn took a beating this week, but it still has a lot of yield potential. Also, register for our Farm Journal Corn & Soybean College. We have all new agronomic topics to help you harvest more grain this fall!
Figure out which ‘sins of spring’ are plaguing your cornfields. Also, sign up for Corn & Soybean College. It’s just a few weeks away. We have all new agronomic topics to help you take more grain to the bin this fall!
Heat seemed to be the focus of the markets this week. Two veteran market analysts say if this heat continues, and drought becomes an even larger concern, commodities could see a violent run-up in prices.
The Russia-Ukraine conflict threatens to upend world trade.
The consensus ahead of the FOMC report is a jump of 0.5 percentage points, says Chip Flory, host of AgriTalk. But what should the Fed actually do?
After hitting record highs, fertilizer prices are finally cooling down.
Grower sentiment plummeted to a reading of just 99 in May, the lowest in two years. The dramatic rise in input costs “creates havoc in people’s minds,” says Jim Mintert, report co-author.
Even with the partial ban by the European Union, one industry expert says it’s possible diesel prices will see a slight reprieve in the coming weeks; however, it won’t come in the form of dollars.
President Biden spent last weekend in Tokyo, Japan. During the visit, Biden announced a dozen Indo-Pacific countries will join the U.S. in a “sweeping” economic initiative, primarily focused on countering China.
The White House is considering waiving U.S. gasoline environmental rules aimed at reducing summertime smog, hoping the waiver will combat rising pump prices, Reuters reported.
U.S. diesel prices are the highest ever, with warnings of shortages, especially in the eastern U.S., and the most intensive part of the farming season is still ahead.
Soybean prices are up 7.4% since May 9, with prices surging again this week. The July soybean contract posted closes in the green four out of five days this week, kicking the week off with a 63¢t price jump.
USDA made a historic move with its May 12 World Agricultural Supply and Demand Estimates report, by dropping the national corn yield below trendline.
A bullish set of fundamentals pushed corn prices to this high level, says Dan Basse, president of AgResource Company, and those factors could actually be getting more bullish.
For 17 straight months, the rural economy has posted healthy and consistent growth. That’s according to the March Rural Mainstreet Index (RMI) from Creighton University.
Cooler than average temperatures, combined with rain and snow, have pushed many Midwest farmers’ plans to plant back a few more weeks. The slow planting pace is impacting commodity prices, and it’s not even May.
A rising tide lifts all boats, and that might be what’s happening in the grain and oilseed markets. This week kicked off with another big rally in prices.
Chicago Board of Trade (CBOT) corn futures topped $8 a bushel and reached their highest price in nearly a decade on Monday on concerns over unfavorable U.S. crop weather and the Ukraine war disrupting grain exports.
CF Industries is warning customers that fertilizer shipments might be delayed or may not reach farmers after Union Pacific (UP) railroad mandated certain shippers to reduce the volume of private cars on its railroad.
The March CME/Purdue Ag Economy Barometer posted the weakest farmer sentiment reading since May 2020, as the survey found the biggest concern among producers continues to be “higher input costs.”