U.S. Department of Agriculture
The shift to El Nino brings several changes to the upcoming winter.
USDA has allocated more than $1.77 billion this year to agricultural producers and landowners through CRP. Since 2021, the CRP has witnessed a 21% increase in enrolled acres.
According to USDA’s crop progress report, 45% of corn and 62% of soybeans have been harvested so far this year.
Two organizations share why we may see a decline in cash rent values in 2024.
Harvest progress on soybeans nearly doubled from last week and corn progress is ahead of the five-year average.
Nearly a quarter of corn and soybeans have been harvested for 2023.
USDA’s weekly crop progress report shows harvest progress slightly behind average for corn and soybeans.
Despite lower yields, the September WASDE was disappointing for the bulls. Ted Seifried, Zaner Ag Hedge, breaks it down and talks about what it means for prices.
While the storyline for much of the growing season has been record production, now farmers are faced with an even bigger problem.
The price rally that started in the fall of 2020 definitely attracted more corn acres in 2021. That was confirmed in USDA’s June Acreage report.