Agriculture News
The July crush came in nearly 4 million bu. lighter than analysts anticipated, with soyoil stocks unexpectedly climbing for the month.
USDA made some notable upside revisions to last week’s inspections number for corn and wheat.
Corn futures are under mild pressure as soybeans and wheat firm. Cattle futures are mixed with lean hogs mostly higher on the open.
There’s only one way for the crops to win, and that’s with the safe and robust crop-protection products that help us keep this terrible weed in check.
Farmland values are soaring. Now the Federal Reserve Banks of Chicago, Minneapolis and Kansas City are putting numbers on the annual gains.
Because USDA no longer collects objective yield samples in August, this will be the industry’s first broad look at field data from across the Corn Belt.
While we’re scouting fields across the Corn Belt Aug. 16-19 on the Pro Farmer Crop Tour, you can scout your own fields.
Download this week’s newsletter here.
Its initial soybean crop estimate was also a bit smaller than expected, and it sliced its all wheat crop quite a bit more than the market anticipated. The market was also caught leaning the wrong way on cotton.
“Increased drought coverage and intensity was more common, as a large majority of these areas recorded light precipitation at best,” today’s drought summary says.
But exports of the oilseed hit a marketing-year low.
Cash wheat prices firm, though HRS values ease from their elevated levels.
Corn and soybean basis continues to slide, but cash prices for both rose this week.
The data is also expected to remind of the thin supply cushion for both crops.
The statistics agency also cut its soybean export forecast by 3.3 MMT and warned further cuts could be coming.
Soybean ratings did not improve in response. Find more highlights from today’s Crop Progress and Condition Report here.
The spring wheat CCI rating improved again, likely due to the poorer acres being hayed/abandoned or already harvested.
Pro Farmer policy analyst Jim Wiesemeyer and host Chip Flory discuss the highlights of last week in D.C. and look ahead to key votes and policy issues that matter most to farmers and ranchers.
“The Well, the Wealthy, and the Worried are the folks who think they can afford to overlook the incredible benefits of GMOs,” writes Bill Horan, an Iowa farmer, in this guest post.
Tyson Foods Inc. reported stronger-than-expected earnings for the third quarter, but the company says it cannot increase prices for chicken and prepared foods fast enough to keep pace with rising raw material prices