Yield
Using the same amount of fertilizer -- but at different times and more than one way during the season -- can help you harvest more bushels and improve your bottom line. Check out our two brief videos to learn more.
This recent sea of very warm water means cooler land temperatures surrounding the Gulf will be a long time arriving this fall. It even has an implication for Midwest farmers.
With heat forecast to top 100 degrees in places, combined with the expectation for little to no rain, crop conditions could deteriorate and the biggest risk in the western and central Corn Belt.
The July Ag Economists’ Monthly Monitor showed several key changes from June including a bigger cut to corn and soybean yields, a drop in corn and soybean prices and more bullish cattle and hog prices.
Arlan Suderman, StoneX Group, and DuWayne Bosse, Bolt Marketing, debate USDA’s WASDE numbers.
The biggest surprises included a 4-bu. reduction in corn yield and soybean ending stocks came in at 300 million bushels, which is 100 million bushels higher than trade estimates.
Flattened corn can often recover, stand and produce decent yields. Soybeans can shake off a storm and flourish, but beware spider mites in the next 10 days if temperatures stay 85-plus degrees with low humidity.
USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations.
Corn prices sunk as forecasts turned more optimistic for the weekend rains in the northern Corn Belt. USDA meteorologist Brad Rippey says the rains aren’t enough to change the potential production problems in Illinois.
Wednesday’s interest rate decision broke a streak of 10 straight meetings where the Fed announced higher rates. Officials say another half-a-percentage-point hike is likely yet this year.