China’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 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 MoreOn Monday, the CME Group’s farm markets started lower, but quickly turned higher. At the close, the March corn futures finished 11¢ higher at $5.11 1/2. May corn futures closed 11 1/4¢ higher at $5.14 1/4. March soybean futures ended 31 1/2¢ higher at $13.43 1/4. May soybean futures finished 31 3/4¢ higher at $13.42 3/4.March wheat futures closed 14¢ higher at $6.48 1/4.
Read MoreIn this week's Market Movers Americas, presented by Joshua Pedrick include soybeans volatile after prices back away from highs, fog prompts standoff in Aframax market, WTI MEH/Midland spread narrows despite production decline, muted demand and heavy sea fog weaken Henry Hub and cooler US Northeast weather pushes up power demand, prices.
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 MoreThe Federal Motor Carrier Safety Administration (FMCSA) granted railroad drivers a 5-year exemption from FMCSA’s 14-hour, 60-hour, and 70-hour rules, based on an application submitted by the Association of American Railroads, American Short Line and Regional Railroad Association, and member railroads.
Read MoreWelcome to the 2021 Virtual Rice and Soybean Production Meeting. Due to the COVID-19 pandemic and its related protocols, the LSU AgCenter is having to provide information to our stakeholders in different ways.
Read MoreAs analysts continue to digest what the latest USDA reports could mean for prices in the coming months, one thing is certain: soybean stocks to use is record tight. “I think it is the largest revision and one of the largest surprises ever, and the quarterly stocks number sets the market off for a lot of price adjusting to do looking out into 2021,” says Bill Biedermann of AgMarket.Net.
Read MoreThe new year got off to a big start for U.S. soybean trade, with sales and shipments to China totaling nearly 2 million metric tons for just the first week in January, according to the latest trade data.
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 MoreIntegrating winter cover crops into an agricultural system is not new, but the potential for improved soil health and crop production have renewed producer interest over the past decade. According to a recent U.S. Department of Agriculture survey, cover crop acreage increased by 50% between 2012 and 2017 across the United States and includes expansion of acreage in the Mid-South.
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 MoreThis report contains the results from the 2020 December Agricultural Survey.
Read MoreThis report contains the results from the 2020 December Agricultural, Rice Stocks, and Grain Stocks surveys.
Read More
