Latest News From Agriculture News

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GFN: Ignorance is taking away choice

"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 to hike retail food prices in September, citing “unprecedented” inflation
Tyson to hike retail food prices in September, citing “unprecedented” inflation

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

Chart Trend: Daily and weekly charts for corn and soybeans still pointed sideways
Chart Trend: Daily and weekly charts for corn and soybeans still pointed sideways

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Weekly wheat export inspections impress
Weekly wheat export inspections impress

Corn inspections were more than halved compared with the week prior, with inspections coming up well short of expectations. Soybean inspections were also light and near the lower end of expectations.

USDA Marks 7% Surge in Farm Real Estate
USDA Marks 7% Surge in Farm Real Estate

USDA's finds U.S. cropland values reach new high.

Market Watch | August 5, 2021
Market Watch | August 5, 2021

Our updated monthly and quarterly price forecasts.

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More firms expect a sub-trendline corn yield

IHS Markit Agribusiness and Linn & Associations estimated the U.S. corn crop will yield an average of 176.5 bu. and 176.16 bu. per acre, respectively.

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Drought worsens “significantly” in Minnesota and northern Iowa

Conditions were mixed for the Midwest the week ending Aug. 3, with heavy precipitation again favoring southern and eastern areas of the Midwest, with little to no rain in the Upper Midwest.

New-crop corn sales top expectations
New-crop corn sales top expectations

Old-crop sales of the grain were light, but in line with expectations. Wheat sales fell short of expectations. Soybean sales were in line with expectations, with new-crop business perking up a bit.

Midweek Cash Markets | August 4, 2021
Midweek Cash Markets | August 4, 2021

Cash livestock fundamentals remain strong.

CME/Purdue Ag Economy Barometer signals farmers nervous about rising input costs
CME/Purdue Ag Economy Barometer signals farmers nervous about rising input costs

The ag economy barometer stabilized at levels similar to where it stood for much of 2017 through 2019.

Using genetic engineering, Benson Hill has developed a trait that allows corn plants to absorb more carbon, which translates into more grain.
Hot, dry weather for northwest Corn Belt again drags down corn ratings

On the other hand, soybean and spring wheat ratings unexpectedly improved. Find more highlights of USDA's Crop Progress and Condition report.

CCI rating improves for spring wheat and soybeans, drops for corn
CCI rating improves for spring wheat and soybeans, drops for corn

This was the first weekly uptick in the spring wheat CCI of the growing season.

Corn export inspections impress
Corn export inspections impress

The amount of corn inspected for export handily topped expectations and the tally nearly doubled the year-ago figure. In addition, last week’s number was also revised nearly 150,000 MT higher.

Monday Morning Wake Up Call | August 2, 2021
Monday Morning Wake Up Call | August 2, 2021

Corn and wheat futures are higher and soybeans are mixed. Cattle and hog futures are higher to start the week.

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Weather stations, appropriate farm machinery for African farmers needed

In Kenya, farmers can’t spend much time thinking about the UN’s sustainable development goals, let alone striving to meet them, when we don’t have a good sense of whether it will rain next week.

WOTUS
EPA announces plans to revert to foundational WOTUS while it works to refine new rule

EPA and Army say they will work to develop a "a reasonable, effective, and durable definition of WOTUS," and enlist the public's help to do so.

Market Watch | July 29, 2021
Market Watch | July 29, 2021

Cash corn and soybean prices dropped this week.

2021 Pro Farmer Crop Tour: Answers to Common Questions
2021 Pro Farmer Crop Tour: Answers to Common Questions

In an effort to head-off some of the questions about Crop Tour sampling, here’s our answers to a few “Crop Tour FAQs!”

Drought worsens for the Northern Plains and Upper Midwest
Drought worsens for the Northern Plains and Upper Midwest

Dry weather covered much of the Midwest the week ending July 27, and rising temperatures increased crop stress in the Upper Midwest.

Pork exports surge, despite slowdown in Chinese buying
Pork exports surge, despite slowdown in Chinese buying

Also of note, wheat sales climbed 46% from the four-week average to 515,200 MT, with China topping the list of buyers — despite elevated prices.

Midweek Cash Markets | July 28, 2021
Midweek Cash Markets | July 28, 2021

Soybean basis soars on rollover to the November contract, but the cash price falls.

FOMC still believes inflation will moderate, but is discussing when and how to taper
FOMC still believes inflation will moderate, but is discussing when and how to taper

Fed Chair Jerome Powell said the Fed is still a ways away from considering raising interest rates, though he did acknowledge near-term risks to inflation are to the upside.

Indiana farmland prices hit record high in 2021
Indiana farmland prices hit record high in 2021

Annual June survey finds Indiana farmland values exceed old highs set in 2014.

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ADM says China will need to import an additional 2 MMT of soybeans to counter canola losses

On an earnings call today, Archer Daniels Midland CEO Juan Luciano said the world lost 15 MMT of crop production due to bad weather over the past two to three weeks.

Corn, soybean and spring wheat ratings again disappoint
Corn, soybean and spring wheat ratings again disappoint

Find highlights from USDA's latest Crop Progress and Condition Report.

Spring wheat CCI rating continues to drop, corn and beans fall, too
Spring wheat CCI rating continues to drop, corn and beans fall, too

Drought continues to hammer the U.S. spring wheat crop, while corn and soybean ratings slipped.

Signal to Noise | July 26, 2021
Signal to Noise | July 26, 2021

Jim Wiesemeyer and guest host Davis Michaelsen discuss the week ahead in Washington...

Wheat inspections remain solid in face of rising prices
Wheat inspections remain solid in face of rising prices

Corn inspections were also decent and above 1 MMT. Soybean inspections were near the upper end of expectations, though the overall tally was still pretty light.

Monday Morning Wake Up Call | July 26, 2021
Monday Morning Wake Up Call | July 26, 2021

Corn soybean and wheat futures open the week under pressure on Friday’s poor closes and overnight pressure. Cattle futures are firmer on USDA’s Cattle Inventory Report, out Friday. Hog futures are mildly softer.

p4 Conservation Funds
GFN: Climate conscious farmers leading the way

Most farmers don’t need an incentive to do the right thing, says guest blogger Gabriel Carballal.

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Cold Storage Report signals sizzling beef demand

Frozen beef stocks dropped 4.3% during June whereas they typically hold near steady for the period.

Market Watch | July 22, 2021
Market Watch | July 22, 2021

Cash prices generally strengthened for grains, soybeans.

Warm and dry in the South, Central and West; cooler in the North, Northwest
Spotty Midwest drought improvement, spring wheat areas still baking

“Active weather prevailed across much of the South, East, and Midwest, as well as parts of the Plains, into the middle of July, followed by a southward shift in widespread shower activity,” today's report says.

Net corn sales reduction as price surge clips demand
Net corn sales reduction as price surge clips demand

On the other hand, wheat sales climbed in the face of rising futures prices, with USDA also reporting a small but unexpected sale for 2022-23.

Midweek Cash Markets | July 21, 2021
Midweek Cash Markets | July 21, 2021

Corn and soybean basis remain much stronger than normal.

Semi-annual Cattle Inventory Report expected to reflect ongoing herd contraction
Semi-annual Cattle Inventory Report expected to reflect ongoing herd contraction

Given last year’s pandemic-related disruptions to the cattle herd, the data could receive more market attention than it typically does, with traders likely to take particular note of USDA’s calf crop estimate.

High degree of uncertainty about coming cattle placements number
High degree of uncertainty about coming cattle placements number

On average, analysts surveyed by Reuters expect USDA’s Cattle on Feed Report to show there were around 11.324 million head of cattle on feed as of July 1, down 1% from year-ago levels.

Reuters: White House delays rulemaking on RFS
Reuters: White House delays rulemaking on RFS

The Biden administration has delayed its annual rulemaking process regarding its biofuel blending mandates under the Renewable Fuel Standard (RFS) for 2021 (2022 for biodiesel), Reuters says in an exclusive report.

Chart Trend: Daily charts turn higher for corn, soybeans and wheat
Chart Trend: Daily charts turn higher for corn, soybeans and wheat

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Corn conditions hold steady, spring wheat ratings dive again
Corn conditions hold steady, spring wheat ratings dive again

Find highlights from today's Crop Progress and Condition Report.

Another week... another plunge in spring wheat crop ratings
Another week... another plunge in spring wheat crop ratings

The spring wheat CCI rating is now 38.1% below the five-year average for this date.

Signal to Noise | July 19, 2021
Signal to Noise | July 19, 2021

Pro Farmer Washington Analyst Jim Wiesemeyer and host Chip Flory discuss the highlights of last week in D.C. 

Wheat inspections climb in the face of rising prices
Wheat inspections climb in the face of rising prices

Export inspections of corn, soybeans and wheat were all in line with expectations, with the corn tally holding above 1 MMT and wheat inspections nearing 500,000 MT. Soybean futures were light, as expected.

Monday Morning Wake Up Call | July 19, 2021
Monday Morning Wake Up Call | July 19, 2021

Corn and wheat futures are higher with weakness in the soy oil market limiting buyer interest in soybeans. Cattle futures are under pressure with lean hogs mixed.

Market Watch | July 16, 2021
Market Watch | July 16, 2021

Soybean, spring wheat cash prices surged this week.