Drought continues to tighten its grip across the Plains, and it’s forcing farmers in west Texas to make some very difficult decisions this growing season. Depleted soils, along with bleak forecasts showing little chances for rain anytime soon, is a tough reality for farmers who struggled through a drought Read More
WASHINGTON, DC, US — The US Department of Agriculture in its February World Agricultural Supply and Demand Estimates report reduced its forecast for 2022-23 global soybean production to 383 million tonnes, down 5 million tonnes from the January outlook. The main weight pulling production numbers down was the increasingly Read More
BUENOS AIRES, ARGENTINA — Argentina’s soybean production in marketing year 2022-23 is forecast to drop to the lowest level in 15 years due to a prolonged drought, according to a recent Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
The USDA Read More
KANSAS CITY, MISSOURI, US — The September Crop Production report from the US Department of Agriculture before the gut slot harvest of this year’s corn and soybean crops took analysts by surprise. Just last month, the USDA forecast record-high 2022 US soybean production as well as higher-than-expected acres planted Read More
ARLY THIS SUMMER, farmers worried that millions of chickens in California’s Central Valley might soon peck each other to death. The birds were running perilously low on feed, which should have been delivered by Union Pacific Railroad from Midwestern corn producers. Foster Farms needed at least nine trainloads of corn Read More
As the US corn and soybean harvests approach, final efforts are underway to determine the size and scope of this year’s crops. The most recent effort was Pro Farmer’s Midwest Crop Tour where scouts toured seven states over three days to measure and estimate yields from some of the nation’s Read More
Official USDA planting projections issued 9 AM today:
Estimated corn acres – 89.5 million acres in 2022 down from the
industry average guess of 92 million acres.
Estimated soy acres – 91 million acres in 2022 up from the industry
average guess of 89 million acres
Estimated cotton acres- 12 million acres up 1 Read More
COTTON bulls get a 536,000-bale decrease in production as NASS’s first survey-based estimate for 2021/22 is 17.3 million bales. On the flip side, beginning stocks are raised higher as estimated exports for 2020/21 are reduced -50,000 bales based on final Export Sales data and Census Bureau data through June. Read More
Canola ($RSX21) jumped to NEW 52-week highs today up +27.80 (+3.13%) closing at $916.80s . Today marks the fifth consecutive day in the green for $RSX21 as the contract got as high as $949.00s intraday.
Canola prices continue to shoot through the roof as Read More
Cottonseed prices moved higher last week throughout the origin markets due to oil mill bids for old and new crop. ADM was / is bidding new crop at $270 delivered Valdosta, GA and $365 delivered Lubbock, TX. PYCO tried to be a seller of new crop Texas seed in Read More