Latest News From Agriculture News

Soybean CCI ratings improves a little
Soybean CCI ratings improves a little

Soybean rating improved slightly as harvest accelerated across the Midwest.

Signal to Noise | October 4, 2021
Signal to Noise | October 4, 2021

AgriTalk host Chip Flory and Pro Farmer policy analyst Jim Wiesemeyer discuss efforts to keep ASF out of the country, Congress struggling to get the votes to pass both infrastructure bills, and more...

Chart Trend: Weekly chart for soybeans turns down
Chart Trend: Weekly chart for soybeans turns down

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

storm clouds
NWS: Wetter October outlook for the Midwest and Plains

The National Weather Service revised its one-month temperature and precipitation outlooks at the start of October, including some significant changes on the precipitation front.

Notable improvement corn, soybeans and wheat export inspections
Notable improvement corn, soybeans and wheat export inspections

While shipment tallies improved notably as more export facilities reopened at the Gulf, the amount of beans inspected for export was still well under year-ago. USDA also made significant revisions to last week's data.

Monday Morning Wake Up Call | October 4, 2021
Monday Morning Wake Up Call | October 4, 2021

Soybean futures are under pressure after trading below the Ju ne low overnight. Wheat futures are mixed and corn futures are under pressure. Cattle futures are higher and lean hogs are facing some profit taking.

Your Pro Farmer newsletter (Oct. 2, 2021) is now available!
Your Pro Farmer newsletter (Oct. 2, 2021) is now available!

Download this week's newsletter here.

USDA-grain-bins-sunset
Sept. 1 corn and soybean stocks top expectations by roughly 80 million bushels

On the other hand, USDA’s quarterly wheat stocks estimate was 72 million bu. lighter than analysts anticipated. Find more highlights from USDA's latest Quarterly Grain Stocks Report and Small Grains Summary.

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Drought intensifies and expands across the Plains and western Corn Belt

Warm, dry weather dominated the western half of the U.S. the week ending Sept. 28, while some welcome rain fell in some areas of the Midwest, the Mid-Atlantic and into the Northeast.

Iowa Cropland Values Surge 19%
Iowa Cropland Values Surge 19%

The semi-annual survey of Iowa land professionals finds strong gains in values for all types of farmland.

Corn sales remained light, but soybean sales ramped up
Corn sales remained light, but soybean sales ramped up

Cotton export sales soared 65% from last week’s strong tally to 571,400 RB, with China accounting for the bulk of the purchases.

Sept. 1 stocks expected to hit multiyear lows for corn, soybeans and wheat
Sept. 1 stocks expected to hit multiyear lows for corn, soybeans and wheat

We believe any surprises for wheat will likely come in the Small Grains Summary. Find expectations for USDA's key reports at month's end.

Harvesting corn on the Weihmeir farm.
Little change in late-season corn, soybean CCI ratings

Corn rating was unchanged while the soybean rating modestly declined.

Chart trend: Daily and weekly charts still pointed down for corn
Chart trend: Daily and weekly charts still pointed down for corn

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

Wheat inspections slump as corn and soybean inspections edge higher
Wheat inspections slump as corn and soybean inspections edge higher

Wheat inspections came in well short of expectations at just over half of last week’s tally, catching the market off guard.

Monday Morning Wake Up Call | September 27, 2021
Monday Morning Wake Up Call | September 27, 2021

Corn, soybean and wheat futures are slightly firmer this morning. Hog futures are sharply higher and cattle futures are under light pressure.

Hogs_Pigs_Grower
Hogs & Pigs Report: U.S. hog herd smaller than expected

USDA also made some substantial revisions to past data.

Your Pro Farmer newsletter is now available
Your Pro Farmer newsletter is now available

Download this week's newsletter here.

hogs_pigs_(94)
Hogs & Pigs Report expected to reflect contraction in U.S. hog herd

On average, analysts surveyed by Reuters expect USDA will report the Sept. 1 hog herd around 77.101 million head, down 1.7% from year-ago. The report will be released at 2:00 p.m. CT Friday.

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Drought worsens across winter wheat country

Warm, dry weather favored crop maturation and harvesting across much of the country the week ending Sept. 21, with topsoil moisture sliding for newly planted winter wheat.

USDA Secy. Tom Vilsack | AgriTalk Audio Sept. 22, 2021
USDA Secy. Tom Vilsack | AgriTalk Audio Sept. 22, 2021

USDA Secretary Tom Vilsack talks about the Biden administration's recently announced plans to protect workers and communities from extreme heat, his G-20 visit to Italy, Biden's tax plan, and support for biofuels...

Louisiana port disruptions still limiting exports of corn and soybeans
Louisiana port disruptions still limiting exports of corn and soybeans

But sales of soybeans, soymeal and cotton were strong the week ending Sept. 16, signaling optimism operations will get back to normal in time for the peak shipment period.

local meat
No major deviation in frozen beef and pork stocks vs. normal build for August

Find highlights from USDA's latest Cold Storage Report.

Reuters: Biden Administration reportedly considering cuts to ethanol component of RFS
Reuters: Biden Administration reportedly considering cuts to ethanol component of RFS

Reuters' report seems to line up with comments from Senator Grassley regarding the RFS on AgriTalk today. And Ag Secretary Vilsack's comments on the show seemed to pave the way for lower numbers.

First Thing Today Audio | September 22, 2021
First Thing Today Audio | September 22, 2021

The Fed considers tapering bond buys, China and Russia reach an agreement on beef trade and concerns rise regarding the national debt ceiling...

ASF confirmed in Haiti as thousands of migrants swarm the U.S. Border
ASF confirmed in Haiti as thousands of migrants swarm the U.S. Border

The presence of the virus in the Americas paired with a surge in Haitian migrants at our southern border heightens concern the highly contagious disease could make its way to the U.S.

Regan says new WOTUS will maintain pre-2015 exemptions for agriculture
Regan says new WOTUS will maintain pre-2015 exemptions for agriculture

EPA's administrator also said EPA hopes release that foundational proposal sometime in November.

Signal to Noise | September 20, 2021
Signal to Noise | September 20, 2021

Pro Farmer policy analyst Jim Wiesemeyer and AgriTalk host Chip Flory discuss the southern border crisis, the latest on the battle over the infrastructure bill(s), and more...

Corn and soybean inspections improve, but still held back by Gulf port damage
Corn and soybean inspections improve, but still held back by Gulf port damage

Wheat exports held strong and were near the upper end of expectation.

Monday Morning Wake Up Call | September 20, 2021
Monday Morning Wake Up Call | September 20, 2021

Grain and soy futures are under pressure amid broad-based risk-off selling. Livestock futures are lower to start the week as well.

USDA analysis skewed by including many small farms and not including non-operating landlords
USDA analysis skewed by including many small farms and not including non-operating landlords

ERS finally released analysis of Biden's plan to change stepped-up basis on inherited assets, and its conclusions don't tell the full story.

Bankers Report Record Farmland Price Index
Bankers Report Record Farmland Price Index

80% of rural bankers in 10-state region say elimination of step-basis will have negative impact on mainstreet economies.

nebraska-soil-cornfield
Dryness expands in southern and eastern areas of the Midwest as growing season wanes

Drought spread across the Central and Southern Plains over the past week, as well as in southern and eastern areas of the Corn Belt, according to the latest U.S. Drought Monitor.

cornharvest_sunset
Warm, dry outlook concerning for winter wheat producers

Warm weather is likely to continue across most of the Midwest and Plains during October, according to updated weather maps from the Climate Prediction Center. The precipitation outlook for next month is less certain.

Wheat export sales hit new high for 2021-22
Wheat export sales hit new high for 2021-22

In contrast, corn sales slumped to less than 250,000 MT.

Unexpected rise in NOPA’s August crush
Unexpected rise in NOPA’s August crush

The August crush figure still represented a substantial slowdown in the crush pace from monthly records set the first five months of the crop year.

FAPRI expects net farm income to retreat from 2021’s strong level next year
FAPRI expects net farm income to retreat from 2021’s strong level next year

Projected net farm income is expected to reach the highest level since 2013 this year, but net farm income is likely to fall $23 billion in 2022, according to FAPRI.

StatsCan slices its crop estimates, again
StatsCan slices its crop estimates, again

Its crop estimates continue to shrink against the backdrop of a punishing drought.

Crop rating for corn slips as harvest begins
Crop rating for corn slips as harvest begins

Find highlights from USDA's latest crop progress and condition update.

Corn CCI rating slips, soybean rating modestly rises
Corn CCI rating slips, soybean rating modestly rises

Both crops are rated nearly 11 points below their respective five-year averages.

Long-term trend for soybeans turns sideways
Long-term trend for soybeans turns sideways

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

Signal to Noise | September 13, 2021
Signal to Noise | September 13, 2021

Pro Farmer policy analyst Jim Wiesemeyer and AgriTalk host Chip Flory talk infrastructure bill, Afghanistan, and President Biden's COVID-19 vaccination mandate...

Corn inspections tank amid Hurricane Ida disruptions
Corn inspections tank amid Hurricane Ida disruptions

Soybean inspections were also quite light, though that has been the trend in recent months. Wheat inspections were solid, thanks in large part to more of the grain shipping out of the Pacific Northwest.

Monday Morning Wake Up Call | September 13, 2021
Monday Morning Wake Up Call | September 13, 2021

Corn, wheat and soybean markets are under pressure to start the week. Livestock futures are also favoring a softer tone.

Your  Pro Farmer newsletter (Sept. 11, 2021) is now available!
Your Pro Farmer newsletter (Sept. 11, 2021) is now available!

There's no need to wait for the mail. Access this week's newsletter here.

AFBF's Take on Secy. Vilsack's Op-Ed on Stepped-up Basis | Audio Report
AFBF's Take on Secy. Vilsack's Op-Ed on Stepped-up Basis | Audio Report

American Farm Bureau Federation Managing Director for Public Policy Ryan Yates told Chip Flory on AgriTalk, "I don’t know how I can be more clear. This creates a new tax on hardworking farmers and ranchers."

USDA-corn-unloading-harvest
USDA estimates the U.S. corn crop at just shy of 15 billion bushels

The department’s higher soybean crop estimate was in line with expectations, but its cotton production estimate came in quite a bit higher than the market anticipated.

Cotton export sales impress
Cotton export sales impress

China accounted for more than half the 453,000 RB in 2021-22 crop sales.

Conab once again lowers its Brazilian corn crop forecast
Conab once again lowers its Brazilian corn crop forecast

Brazilian government statistics agency now estimates Brazil’s total corn crop at 85.75 MMT, a 901,000-MT decline from its August production estimate and a 16.4% retreat from 2019-20.