The February USDA WASDE report did not elicit the pronounced market reaction observed last month. However, the grains exhibited technical selling in the futures market. With that, the corn and soybean markets will be watching for changes in South American production (weather) and export activity which could trigger technical influence in the market as the U.S. planting season approaches.
Read MoreAgricultural producers who have not yet enrolled in the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs for 2021 must do so by March 15. Producers who have not yet signed a 2021 enrollment contract or who want to make an election change should contact their local USDA Farm Service Agency (FSA) office to make an appointment. Program enrollment for 2021 is required in order to participate in the programs, but elections for the 2021 crop year are optional and otherwise remain the same as elections made for 2020.
Read MoreLouisiana pesticide applicator recertification looks a little different than in years past. Beginning in the late summer of 2020 the LSU AgCenter worked with Louisiana Department of Agriculture and Forestry (LDAF) to provide different options for commercial pesticide applicators to become recertified to meet state and federal requirements.
Read MoreSeveral Webinars about crops to be grown this upcoming season have been scheduled by the Louisiana Agricultural Consultants Association.
Read MoreCorn and soybean prices have risen sharply since mid-August 2020. Smaller-than-expected 2020 U.S. harvests of both corn and soybeans are a key reason for the price rally. But just as important is the rise in exports of both crops to overseas destinations — primarily China. The increase in China’s demand for feedstuffs is tied to the resurgence in the Chinese pork sector as the country attempts to rebuild its hog herd and boost the supply of pork to Chinese consumers.
Read MoreChina’s historic buys last week seem to come with nervousness from other major importers. Arlan Suderman of StoneX says after USDA announced sales of 80.3 million bushels of corn to China early last week, but Wednesday’s sales to China also revealed purchases by “unknown destinations” that totaled 8.4 million bushels. Suderman said that could be an indication that other buyers are getting nervous.
Read MoreCorn prices climbed double digits on Tuesday. The market was fueled by news China made its biggest buy of corn in six months.
Read MoreIf you still have grain stored on the farm, are you confident it will be as high of quality when you pull it out as when you put it in? Gary Woodruff, district sales manager and grain conditioning expert for GSI, suggests taking steps to protect your investment inside your bins.
Read MoreCorn prices have skyrocketed since last fall. “They are knocking on the door at $5.35 per bushel,” said ag economist Dan Basse, president of AgResource Co. in Chicago, during a Jan. 14 Dairy Signal webinar sponsored by Professional Dairy Producers.
Read MoreMaryland farmer Trey Hill pulled in a healthy haul of corn last fall and then immediately planted rye, turnips, clover and other species, which are now spreading a lush green carpet over the soil. While his grandfather, who started the family farm along the Chesapeake Bay, always planted in the spring in a clean field, in Hill’s approach to farming, “you never want to see the ground.”
Read MoreLate last night, the Environmental Protection Agency approved three small refinery exemptions (SRE), reversing one denial from 2018 and granting two for the 2019 compliance year. The EPA granted two 2019 exemptions, which would erase another 150 million gallons of renewable fuel demand.
Read MoreChina said on Monday it was set to approve the safety of another genetically modified (GMO) corn variety and a GMO soybean, both produced by Beijing Dabeinong Technology Group Co Ltd.
Read MoreThe market responded in a bullish way to the January WASDE report for feed grains and oilseeds. Export sales stemming from increased Chinese demand for U.S. agricultural products (e.g. corn and soybeans) is a key factor behind the gains.
Read MoreThere will be an Advanced Corn Production in 2021 meeting on January 28, 2021 at the Scott Center in Winnsboro, LA. The topics are grouped together by similar timing during the production season
Read MoreTightening 2020/21 U.S. and South American corn and soybean production estimates led USDA to slash global ending stocks, powering price growth in the aftermath of USDA’s January 2021 World Agricultural Supply and Demand Estimates (WASDE) reports Tuesday.
Read More
