Soybeans and livestock rally early, with corn and wheat lower.
Allison Thompson, The Money Farm, says soybeans are seeing follow through buying on the de-escalation of the China trade war.
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USDA’s latest crop progress report, out Monday afternoon and covering the week through April 20, is giving traders more and more data to digest as the season gets more solidly underway. Of particular note, corn and soybean plantings were a bit speedier than analysts had predicted, while winter wheat quality was worse than expected.
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If your corn planter would do a better job in the field being hitched to a boat this week, it’s obviously too wet to plant.
However, there are times when soil conditions are less than ideal and farmers decide – because of the calendar or insurance or whatever – to move ahead with planting. What then?
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You might recall this viral stunt from when it was announced last spring: John Deere and tech influencer David Cogen (@TheUnlockr) joined forces to set the New York-based journalist up as a row crop farmer for an entire growing season. Using 20 acres of prime Iowa farmland, Cogen’s mission was to find out if he could accomplish what farmers must achieve to put food on America’s dinner tables: turn planted crops into cold, hard cash.
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Soybean contracts jumped 20 cents in midday trading on Wednesday, April 9th, joining other commodities in a sharp rebound, after President Donald Trump took to social media to again raise tariffs on the biggest buyer of U.S. soybeans- China. New Chinese tariffs (125%), set Wednesday, April 9th, more than double the cost for Chinese buyers to import U.S. soybeans, but that didn't stop soy-bean futures from climbing higher.
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President Donald Trump's new tariffs raise questions for farmers across Louisiana, many of whom are concerned about their livelihoods.
Trump's sweeping new tariffs announced Wednesday have left Louisiana farmers like Donald Schexnayder with some uncertainty on what comes next.
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Louisiana corn producers intend to plant 530,000 acres, up 13 percent from the 470,000 acres planted in 2024. Upland cotton acreage intentions are at 110,000 acres, down 29 percent from the 155,000 acres planted last year. All hay acres expected to be harvested in Louisiana are estimated at 380,000 acres, up 10,000 acres from 2024.
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Producers surveyed across the United States intend to plant 95.3 million acres of corn in 2025, up 5% from last year, according to the Prospective Plantings report released today by USDA’s National Agricultural Statistics Service (NASS).
Planted acreage intentions for corn are up or unchanged in 40 of the 48 estimating states.
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Soil organic matter improves soil chemical properties, which includes the increase of nutrient status, cation exchange capacity (CEC), and anion exchange capacity. Soil organic matter is also known for the slow release of nutrients to the plants, protects nutrients in available forms to the plants, and reduces nutrient leaching.
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USDA’s first acreage estimate shows farmers could plant more corn acres this year, but fewer soybean and cotton acres.
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The U.S. Department of Agriculture (USDA) released the following statement commending Mexico’s action to declare ineffective measures concerning genetically engineered (GE) corn that the United States successfully challenged in the USMCA dispute. The action safeguards approximately $5.6 billion in U.S. corn exports to Mexico. USDA, in coordination with USTR, will continue to monitor Mexico’s compliance with its USMCA commitments.
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One of the world’s biggest crop traders has halted loading of grain vessels at U.S. Gulf terminals as the region’s worst snowstorm in 130 years slams the region.
Archer-Daniels-Midland Co. declared force majeure in southern Louisiana with vessels struggling to navigate the weather conditions, according to a person familiar with the matter. The company didn’t immediately provide comment.
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The 2024/25 U.S. corn outlook calls for lower production, feed and residual use, exports, and ending stocks. Corn production has been revised downward by some 276 million bushels to an estimated 14.9 billion bushels, mainly due to a 3.8-bushel per acre cut in yield to 179.3 bushels which was partially offset by a 0.2-million acre increase in harvested area. Total corn use is down 75 million bushels to 15.1 billion.
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As farmers begin making plans for the upcoming growing season, many are bracing for the likelihood of another year marked by tight margins.
“Production costs for 2025 are estimated to decrease for the second consecutive year, which is good news,” said LSU AgCenter economist Michael Deliberto.
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Louisiana corn area harvested is 440,000, down 35 percent from 2023. The average yield is estimated at 185 bushels per acre, up 10 bushels from last year. Production totaled 81.4 million bushels, down 32 percent from 2023.
Upland cotton harvested acres is 148,000, up 29 percent from 2023. The yield is expected to average 1,070 pound.
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