In the 11 coastal parishes we consult in, lack of rainfall has not been a problem. Many areas have already exceeded the mean annual rainfall accumulation, and it’s not even August. We have already in some areas received in excess of 65 inches, so we are certainly experiencing the opposite of what we dealt with last year.
Read MorePinnacle Asset Management, L.P., a New York-based alternative asset management firm focused on global commodities markets, today announced that its portfolio company Viserion Grain, LLC, a subsidiary of global agricultural merchant Viserion International Holdco, LLC, has acquired four grain elevator assets from Greenfield Grain, LLC. The assets are located in Parkdale, Arkansas, and Dunn, Crowville, and Lake Providence, Louisiana. Terms of the transaction were not disclosed.
Read MoreMukhtar will lead a team of researchers in the Southeast — a region already disproportionately affected by the changing climate — studying how heat and drought affect soybeans, from the cellular level to the entire plant (known as single cell to field-based phenomics), and the associated microbial communities and soil. He and scientists from the University of Alabama at Birmingham, Mississippi State University and the Louisiana State University Agricultural Center aim to identify natural biological solutions through the microbiome that allow soybeans to survive and thrive despite extreme heat and drought.
Read MoreAn extreme drought across Louisiana last year showed how vulnerable soybeans are to stressful climate conditions. LSU AgCenter plant pathologist Jong Ham has been investigating how soybean seeds treated with bacterial agents can help soybean plants fight stress. His research is part of a larger study funded by the National Science Foundation (NSF) to determine how heat and drought affect soybeans.
Read MoreChina is facing an oversupply of soybeans as record high purchases boost stockpiles at a time when animal feed demand remains subdued, with prices of products such as soyoil and soymeal set to sink even lower.
Read MoreCrop damage caused from bears in Franklin Parish was minimal.
This was the assessment given by Johnny Berry, large carnivore biologist for Louisiana Department of Wildlife and Fisheries (LDWF) to Police Jury members at their regular monthly meeting held on Thursday, July 11.
The number one crop, according to Berry, that suffers bear damage is corn with wheat being second most damaged crop in Louisiana.
Read MoreThe 2024/25 U.S. corn outlook indicates larger supplies, greater domestic use and exports, and slightly lower ending stocks. Beginning stocks for corn were lowered 145 million bushels largely upon greater use forecasted for 2023/24. Exports were raised by 75 million bushels based on current outstanding sales and shipments to date. Feed and residual use is up 75 million bushels based on indicated disappearance in the Grain Stocks report for June.
Read MoreThe National Corn Growers Association, joined by five other commodity groups, sent a letter to Department of Commerce Secretary Gina Raimondo asking her to consider the impacts on farmers as she reviews a petition by the agricultural chemical company Corteva that would place duties on imports of the herbicide 2,4-D.
“Restricting imports of 2,4-D will have wide-ranging consequences for farmers,” the letter said. “American farmers cannot solely rely on Corteva, which is the only domestic supplier of 2,4-D, because there is not enough supply to meet demand.”
Read MoreThe USDA recently released its annual Acreage Report which provides markets a more accurate idea of spring planting progress and what potential supply implications may be in store for the 2024 crop year. On the demand side, USDA also released its Quarterly Grain Stocks report which shows usage rates between March 1, 2024 and June 1, 2024. These changes in supply levels will impact 2023/24 ending stocks and 2024/25 beginning stock levels which will subsequently be reflected in the July World Agricultural Supply and Demand Estimates report.
Read MoreOn Friday June 28th the USDA released its annual Acreage report. The report estimates planted acreage of principal crops based on producer surveys conducted in the first two weeks of June. Nationally, principal acres planted were estimated at 315.177 million acres, up 1.866 million acres compared to the March Prospective Plantings report and 4.424 million acres lower than last year (Table 1). Southern states accounted for 22.8% of principal crop acreage.
Southern states account for 75% of rice production nationally, with Arkansas the largest producer. Rice acres planted were unchanged in Texas and Mississippi, declined 30,000 acres in Arkansas and increased 30,000 acres in Louisiana.
Read MorePotassium deficiency symptoms in soybean first appear as irregular yellowing on the edges of K-deficient leaves, typically manifesting as early as the V3 vegetative stage (three trifoliolate leaves), primarily on the lower older leaves (Figure 1). In severe K-deficient soils, symptoms often appear on the upper younger leaves during the reproductive stages (Figure 2). Early-season K deficiency symptoms are relatively easy to diagnose and manage. However, many soybean fields experience K deficiency and consequent yield losses without displaying visible symptoms until the later reproductive growth stages (beginning seed, R5 to full-seed, R6).
Read MoreFor the second week this growing season, USDA reported soybean ratings for top producing states. As of the week ending June 16, 70% of the country’s soybeans rated good/excellent.
According to USDA, soybeans in Louisiana rated 5% excellent, 83% good, 9% fair, 3% poor, and 0% very poor as of the week ending June 16.
Read MoreThe 2024/25 U.S. corn outlook is unchanged relative to last month. The season average price received by producers remains at $4.40 per bushel. USDA will release its Acreage report on June 28, which will provide survey-based indications of planted and harvested area.
The 2024/25 outlook for U.S. soybeans includes higher beginning and ending stocks. Higher beginning stocks reflect reduced crush for 2023/24, down 10 million bushels on lower soybean meal domestic use that is partly offset by higher exports.
Read MoreIn the first report of soybean conditions for the growing season, USDA said at least 75% of the crop in these five states are rated good/excellent.
According to USDA’s Crop Progress report for the week ending June 9, Louisiana had the largest percentage of soybeans rated good/excellent, at 83%. Louisiana is the only state of the top-producing states that does not have any soybeans rated less than fair.
Read MoreBloomberg’s Clarice Couto reported this past Friday that “a surprising tax change in agriculture powerhouse Brazil has the potential to make soy grown in the world’s largest bean exporter less competitive with supplies from the US, according to a report from risk management firm Amius Ltd. The provisional measure, signed Tuesday by President Luiz Inacio Lula da Silva, limits the ability of Brazil’s commodity exporters and processors to monetize tax credits. To compensate, merchants will likely raise soy prices, making beans grown in Brazil less competitive with American soy, at least in the short term.”
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