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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.