USDA’s planted acreage report out Friday contained some surprising numbers for the trade. The National Agricultural Statistics Service (NASS) estimates 89.6 million acres of soybeans planted in the United States for 2018, down 1 percent from last year, and corn area planted is estimated at 89.1 million acres, also down 1 percent from last year. All cotton planted area for … Read More
Cotton Market Update from Mid-South Farm & Gin Show
A larger cotton crop than expected sets tone for an unusual year for the cotton market. Senior Cotton Analyst, Informa Economics, Kip Butts, was on hand at the recent Mid-South Farm & Gin Show to shed light on the current cotton market, where cotton stands with farm bill changes and what 2018 will look like. “I think we will find … Read More
FarmLead Launches GrainCents Advisory Service
A new subscription service from FarmLead has been launched that can provides specific recommendations to farmers on when to sell, hold and/or hedge in various market conditions to improve balance sheets, operations, and grain marketing schedules. The new service called GrainCents also educates farmers by providing expert insights on global market conditions and how they impact farm operations for specific … Read More
FarmLead Adds Price Discovery to Online Grain Marketplace
Online grain marketplace FarmLead has announced the launch of its newest feature, Price Discovery, which provides a comprehensive view of historical and future grain price trends specific to the user’s geography, helping farmers make better decisions when selling their grain. “This isn’t just a simple price transparency tool. It is a price education tool,” says FarmLead CEO and President Brennan … Read More
Missouri Rice Council Hosts Field Day
The Missouri Rice Council hosted their annual Rice Field Day August 24, at the Rice Research Farm in Campbell, Missouri. Research personnel from Southeast Missouri State University (SEMO) and the University of Missouri Fisher Delta Research Center were on hand to provide area farmers a chance to see and learn about recent developments in rice research and other agricultural related … Read More
Nebraska Proudly Hosts #USSoyExchange
To kick off the 2017 U.S. Soy Global Trade Exchange, Nebraska Lieutenant Governor Mike Foley provided opening remarks to the international and domestic soybean audience. I was able to speak with the Lt. Governor who shared how proud the state is of its agricultural industry. He said, “It’s really the backbone of our economy. We like to grow things.” “It’s … Read More
A Growing North Asia U.S. Soy Market
To kick off the 2017 U.S. Soy GLobal Trade Exchange eleven Chinese purchasing agreements were signed with five U.S. soybean exporters for 3.8 MMT valued at $1.561 billion. The U.S. Soybean Export Council (USSEC) and Midwest Shippers Association serve as hosts for the conference where over 250 international buyers representing over 55 countries attend. “These companies are very loyal buyers … Read More
Farm and Gin Show Hears Market Outlook
Richard Brock of Brock Associates spoke to attendees of the Mid-South Farm and Gin Show about commodity prices and why they are shaping up in a way most didn’t expect. “You’ve got two crops to harvest every year- one is the one you grow and one is the speculator. I think the speculator is going to allows us an opportunity … Read More
USSEC Serves as Global Marketing Firm for #USSoy
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 … Read More
Study Finds China Dominates Global Production Market
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 … Read More