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A far cry from this time last year, farmers are actually asking the question ‘what should I add?’ versus ‘what do I need to cut?’ With skyrocketing commodity prices, farmers have the opportunity to experiment.
The barometer drifted lower in January to a reading of 167. Even so, it shows areas of farmer optimism about making capital improvement investments and the outlook for farmland values.
China put a record number of corn purchases on the books to end January, but it’s not just China buying. This week, USDA confirmed China bought more corn from the U.S., a sign demand may be strong across the board.
China’s historic buys last week seem to come with nervousness from other major importers. So, are the higher prices rationing demand? Analysts say it’s not happening with China, yet.
Whether it’s to fulfill Phase One promised, or an increased need for feed, some say the timing of the record Chinese buys isn’t a coincidence. So, what’s driving the record demand from China?
USDA dramatically cut its 2020 average corn yield projection Tuesday, sending futures prices limit up. The 3.8 bu. per acre drop in the national projected yield is the largest in more than a quarter century.
Senate Agriculture Committee Chairwoman Debbie Stabenow (D-Mich.) says she supports the Biden Administration’s move to freeze payments under the Coronavirus Food Assistance Program (CFAP).
China’s appetite for U.S. corn seems unstoppable. Just this week, daily sales of corn to China added up to a new record.
A travel ban on South African guest workers, as currently set in place by executive order, could be devastating for U.S. farming operations.
U.S. soy processors, fresh off their busiest year on record, have booked soybean purchases well beyond their normal few weeks of supply due to soaring export demand, rising prices and fears of soy shortages.
President Joe Biden’s trade team is coming together, and it looks to be stacked with individuals who were key in crafting the U.S. Mexico Canada Agreement (USMCA).
After corn and soybean prices soared last week once the USDA’s WASDE report was released, grains and oilseeds seem to have taken a different path this week. So, is the grain rally over? Bob Utterback weighs in.
In summary, the lawsuit alleges crop input manufacturers, large wholesalers and retailers have created an unfair market for farmers.
USDA revealed this week the soybean stocks to use scenario is record tight for this time of year. Analysts explain why that could create even higher prices in the months ahead.
USDA announced the release of $2.3 billion in leftover funds from the first and second rounds of the Coronavirus Food Aid Program (CFAP) on Friday, most of it to benefit contract hog and poultry producers.
With only days left in office, the renewable fuels industry expects the current EPA to announce a portion of small refinery exemptions for 2019. However, Growth Energy says it’s doing everything it can to stop it.
Analysts say the trade expected a bullish USDA report. With minimal changes, traders sold the market and commodity prices dropped.
Grain markets are driven by lower supplies and higher demand.
Mike North of ever.ag thinks the market is already pricing in minor reductions in the upcoming USDA report. So, what will it take to give the market more fuel moving forward?
2020 was a dynamic year in the markets. From the pandemic causing prices to plummet in the spring to a dramatic recovery during the fall, analysts say key lessons were learned along the way.
With just eight days left in EPA Administrator Andrew Wheeler’s term, RFA president and CEO Geoff Cooper weighs in on worst-case scenarios and his optimism about the new administration.
This month’s 2020/21 U.S. corn outlook is for lower production, reduced corn used for ethanol, smaller feed and residual use and exports, and decreased ending stocks.
Farmer sentiment about the ag economy and their personal financial well-being ticked upward in December, thanks to improved commodity prices.
When outlining your budgets for the rest of the year, accurately account for costs and decide if you want to spend a little more on soybean acres to boost yields.
2020 ended on a high note for soybeans as prices soared past $13, so will demand be enough to push prices even higher in the New Year? Dan Basse and Arlan Suderman explore 2021.
Here’s a look at what analysts are expecting for the upcoming growing season in 2021.
The coronavirus aid package approved by Congress overnight Monday provides $13 billion in ag funding, much of it destined for sectors left out of previous aid packages.
“The early part of the year should look very different than the latter, but in total, economic growth is estimated to be about 4%, following a retreat of roughly 4% in 2020,” says Dan Kowalski.
Current dry weather conditions could play havoc with the 2021 crop. Take proactive steps now to manage through these conditions, advises Ken Ferrie, Farm Journal Field Agronomist.