Retail Business
The U.S. Department of Agriculture’s statistics division is conducting a “deep dive” review of how it conducts its quarterly U.S. grain stocks reports, an official said during an online conference on Wednesday.
The western half of the country continues to see little moisture, and after a year of record government payments to agriculture, farm groups fear financial assistance this year will be tough to get passed in Washington.
U.S. soybean farmers could be in for a volatile price ride this year. With already tight stocks with robust demand, Blue Reef Agri-Marketing’s Chip Nellinger says soybean prices could see extreme volatility this year.
May corn futures closed in on $6 Wednesday, a price move being driven by a number of factors. Brian Doherty with Total Farm Marketing says corn’s performance is one for the record books.
Brazilian production of ethanol from corn rose 58% in the newly passed year as dozens of recently built plants in the country’s grain heartland ramped up production.
The dollar slipped on Monday towards a three-week low as Treasury yields traded near recent lows and traders awaited crucial U.S. inflation and retail sales data in coming days.
A week after USDA released its bombshell Prospective Plantings report, USDA’s April WASDE also sparked some market momentum in corn, but seemed to disappoint for soybeans.
The supply-and-demand outlook already suggested profit potential into 2022/23 (not continuously high prices, but profit opportunities).
As the 2021 bull market continues, it’s leading to a growing level of optimism from farmers. The latest Ag Economy Barometer from Purdue University/CME group shows farmer sentiments rose to 177 this month.
Of 772 farmers surveyed, 522 said they wouldn’t change their crop mix, regardless of what they learned from the Prospective Plantings Report.
Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.
Archer Daniels Midland said on Thursday it would restart ethanol production at two of its U.S. corn dry mills this year, as the grains trader expects demand for the biofuel to rebound from a pandemic-led slump.
USDA’s Prospective Plantings report released Wednesday showed farmers intend to plant more acres overall, but fewer than what the trade expected. Here’s a breakdown of which states are seeing a shift in 2021 acres.
At first, switching to no-till was problematic. “We were just committed,” Stout said. “We knew we were going to make it work, so we had to change some things.”
Iowa farmer Caleb Hamer says even though USDA’s acreage preview pointed to an increase in corn acres, he thinks his area may see a slight shift toward soybeans due to the agronomic impacts from the derecho last year.
Just a day ahead of two major USDA reports, soybean prices slid. The May contract closed 26 cents lower on Tuesday, with prices settled at $13.66. Corn saw similar action on the CME Tuesday.
USDA Secretary Tom Vilsack said a Mexican plan to ban imports of GMO corn would apply to grain used for human food products, not livestock feed, based on a conversation he had with Mexican Agriculture Secretary.
Oklahoma State University Extension has accepted the challenge of tackling a pervasive lack of rural internet connectivity.
Lingering impacts of the 2020 derecho could play into the 2021 acreage battle. An Iowa State agronomist says farmers could face more volunteer corn, and soybean herbicides may be the best option to control the issue.
The first U.S.-China meeting of the Biden administration got off to a fiery start, with both sides leveling sharp rebukes of the others’ policies in a display that underscored the level of bilateral tension.
The outlook for agriculture is uncertain, but more optimistic than it was a few months ago, according to the 2021 U.S. Baseline Outlook report compiled by FAPRI.
Farmers for Free Trade wants to see a full implementation of the Phase One trade agreement. A year into the deal, there are still accountability and compliance issues with China.
The Rural Mainstreet Index for March soared to a record-high 71.9. March represents the fifth time in the past six months the index climbed above growth neutral.
The Fed on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.
Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices. But U.S. shipments to the Asian country have been slightly disappointing in recent weeks.
Some agriculture companies think agriculture could be the solution in major corporations working to become carbon neutral. Sustainable practices may also be a focus for a new Adminstration with a possible policy shift.
Curious how carbon markets can add new revenue streams to your farm? Hear from producers who are exploring the possibilities of carbon markets and learn the ins and outs from carbon-market experts and scientists.
A look at startups creating field-to-market systems.
Soil density and water availability significantly impact corn development, as the Farm Journal test plots reveal.
The March WASDE report left corn and soybean supply and demand unchanged.