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 … Read More
Global Business Climate Remains Slow for Machinery
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 … Read More
Growers Selling Soybeans, Says Agri-Pulse Poll
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 … Read More
Reports Look Down for Corn Prices
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 … Read More
“Farmer Speaks Study” Highlights Grower Concerns
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. … Read More
Bearish Market Predicted for Row Crops
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 … Read More
Surprising Crop Report from USDA
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. … Read More
Penton Agriculture Suggests More Corn, Less Soybeans
Farm Futures is Penton Agriculture‘s market-leading ag business resource and they are seeing a lot of red on the ledgers right now. In fact their latest survey suggests farmers may react to the agriculture market by cutting back almost 2 percent of the crop acreage this year. Of the major row crops, only corn and cotton are seeing gains– but … Read More
Soybean Growers Look Beyond the Elevator
The United Soybean Board (USB) invites soybean farmers with a desire to take a look at their customers beyond the elevator and to learn more about the soy checkoff’s role in marketing U.S. soy, to take part in their See for Yourself program. Tina Holst, Chilston, Wisconsin soybean farmer, took advantage of this opportunity last year and I caught up … Read More
All Things Grain Marketing At Grains.com
Grains.com, an online marketplace for farmers and grain buyers, has updated their services to include market alerts, newsletters and grain market analysis videos. Grains.com is an online tool that offers access to an abundance of grain market data and information for farmers and industry. “Grains.com is an interactive online platform for farmers, grain merchandisers and any other agriculture professional, that … Read More