USSEC Serves as Global Marketing Firm for #USSoy

Jamie Johansen

Corn, soybean, rice and cotton farmer, Derek Haigwood, is the newly elected vice chairman for the U.S. Soybean Export Council (USSEC) and calls Arkansas home. I met up with Derek during the 2016 U.S. Soy Global Trade Exchange to learn more about the organization and how he plans to serve. Derek said he is honored to work hand-in-hand with USSEC …

Ag Group, Audio, Markets, Soybeans, trade, USSEC

Study Finds China Dominates Global Production Market

Lizzy Schultz

Research firm MarketLine has found that the global agricultural products market reached a value of just over $2.2 trillion in 2015, and the Asia-Pacific revision accounted for well over half of the world’s agricultural production. MarketLine found that, despite a decrease in overall value terms last year, China continues to be the dominant country in the agricultural products market, with …

Ag Group, Financing, Markets, Research

More #Soybeans and #Corn Planted This Year

Cindy Zimmerman

USDA’s National Agricultural Statistics Service (NASS) planted acreage report for this year estimates record soybean plantings and increased corn acres over last year. The report estimates U.S. soybean planted area at a record high 83.7 million acres, up 1 percent from last year, while corn growers increased their acreage from last year by 7 percent to 94.1 million acres, making …

Audio, Corn, Markets, USDA

Global Business Climate Remains Slow for Machinery

Lizzy Schultz

Results from the latest Agrievolution Business Barometer survey are showing that, while the global downturn in the agricultural machinery industry seems to have stabilized, global recovery is not in sight for the next six months, and the sector may stay at current low levels. The survey found that the global business climate index is back to the low level of …

AEM, Ag Group, Agribusiness, International, Machinery, Markets, Research

Growers Selling Soybeans, Says Agri-Pulse Poll

Kelly Marshall

Soybeans won’t be sitting in the bin much longer, says a new survey by Agri-Pulse.  The $2 per bushel rise in market prices has Iowa producers getting rid of last year’s inventory. “Thirty-seven percent of respondents said a price of $10.25 would compel them to sell their 2015 crop while another 12 percent said $10.75,” Wyant said. “Ten percent said …

Markets, Soybeans

Reports Look Down for Corn Prices

Kelly Marshall

While optimists hoped the increased demand for ethanol would help drive corn prices, the USDA reports say it won’t be enough to off-set other factors.  Demand estimates are lower by 24 million bushels of corn, and ending stocks are higher by 25 million bushels.  Production estimates remain unchanged from March. “U.S. corn farmers have indicated their intention to grow another …

Ag Group, Corn, Markets, NCGA, USDA

“Farmer Speaks Study” Highlights Grower Concerns

Kelly Marshall

If you are reacting to low commodity prices in your operation this year, you are not alone.  Bill Farmakis, President of J.L. Farmakis, recently spoke with AgWired about their “Farmer Speaks Study.”  The results, Farmakis says, were striking. The study, conducted in February by Millennium Research, asked growers what they were thinking as they headed into the 2016 planting season. …

Agribusiness, Markets, Monsanto, Planting, Traits

Bearish Market Predicted for Row Crops

Kelly Marshall

The news for row crop prices isn’t great, according to the Prospective Plantings Report, with corn and rice likely to continue their current trend through the end of 2016. “The report really highlights how challenging the market is right now for major crops,” said John Anderson, deputy chief economist of the American Farm Bureau Federation. “We currently have adequate supplies …

AFBF, Agribusiness, Markets, Planting, USDA

Surprising Crop Report from USDA

Cindy Zimmerman

The 2016 Prospective Plantings report out today from USDA’s National Agricultural Statistics Service (NASS) shows farmers expect to plant more corn and less soybeans this year. U.S. corn growers expect to plant 93.6 million acres to corn this year, the first increase in corn planted acreage since 2012 and, if realized, will be the third largest corn acreage since 1944. …

AFBF, Corn, Cotton, Markets, Planting, Rice, Soybeans, USDA, wheat