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Markets Results

Congress fixes misinterpretation of farm bill base-acre provision

Tuesday, September 30, 2008

WASHINGTON — The House of Representatives passed bipartisan legislation to suspend for the 2008 crop year a farm billprovision that required producers to have a minimum of 10 base-acres to receive program benefits. The House and Senate each passed by unanimous consent the Senate amendment to H.R. 6849, originally sponsored by Congressman Bob Etheridge of […]

Momentum continues for pork, beef exports

Monday, September 29, 2008

DENVER — U.S. pork and beef exports continued their strong performance in July, as pork exports remain on an all-time record pace for the year and beef exports are achieving levels of success not seen since 2003. The torrid pace of 2008 pork exports has been largely attributed to skyrocketing volumes of pork destined for […]

Frost may nip soybean crop early next week

Wednesday, September 24, 2008

STATE COLLEGE, Pa. — The AccuWeather.com Agricultural Forecast Center reports a scattered frost may nip the soybean crop in the upper Midwest early next week.

High grain prices are here to stay

Monday, September 22, 2008

CHAMPAIGN, Ill. — An ethanol-fueled spike in grain prices will likely hold, yielding the first sustained increase for corn, wheat and soybean prices in more than three decades, according to new research by two University of Illinois farm economists. Price surge Corn, an ethanol ingredient which has driven the recent price surge, could average $4.60 […]

Wind damages crops across the state, but losses hard to predict

Monday, September 22, 2008

COLUMBUS — After the wind storm from Hurricane Ike, Ohio farmers are finding their corn in one of two states: either standing relatively well or taking a beating. It pretty much depends on the stage of maturity as to how difficult the crop will be to harvest. Wind damage appears most severe in drought-stressed corn […]

U.S. ends marketing year with record grain exports

Saturday, September 20, 2008

WASHINGTON — U.S. agricultural exports surpassed expectations in 2007, generating a record $82 billion for U.S. farm families and the economy in general. According to the USDA’s 2007/2008 marketing year-end report released Sept. 12, feed grains exports in 2008 largely surpassed 2007 numbers. U.S. corn exports totaled 59.9 million metric tons (2.35 billion bushels) up […]

Forecast: Corn, soybean yields down

Wednesday, September 17, 2008

REYNOLDSBURG, Ohio — Based on conditions as of Sept. 1, Ohio’s average corn yield is forecast at 152 bushels per acre, down 8 bushels from the Aug. 1 forecast but 2 bushels above last year’s state yield of 150 bushels per acre. Total production is forecast at 478.8 million bushels, down 12 percent from 2007. […]

Crop input costs, market prices increase for 2009 growing season

Friday, September 12, 2008

“The cost of growing corn, soybeans and wheat increased dramatically for the 2008 crop and substantial increases are expected again for the 2009 growing season.” Bruce Erickson, Purdue Extension Cropping Systems Management director WEST LAFAYETTE, Ind. — A Purdue University agricultural economist recently gazed into his crystal ball and saw big dollar signs representing input […]

Corn, soybean exports may decline

Wednesday, September 10, 2008

URBANA, Ill. — Early USDA forecasts for the 2008-09 corn and soybean marketing year project substantial declines in U.S. exports from the record levels reached in the 2007-08 marketing year, said a University of Illinois marketing specialist. “The sharpest decline is projected for corn,” said Darrel Good. “With U.S. corn and soybean stocks expected to […]

Soybeans to take European tour in 2009

Wednesday, September 10, 2008

ST. LOUIS — LibertyLink® soybeans (A2704-12), from Bayer CropScience, have received final approval from the European Commission for importation into the European Union (EU) for food and feed use. This will allow the commercial launch of LibertyLink soybeans in the U.S. for the 2009 planting season. It’s been 10 years “It has been more than […]

Managing crops: How small do we go?

Tuesday, September 9, 2008

MADISON, Wis. — The use of on-the-go crop and soil sensors has greatly increased the precision with which farmers can manage their crops. But recently released research in Agronomy Journal questions whether more precise management is necessarily more efficient. Diminishing returns Researchers discovered the law of diminishing returns applies to precision agriculture, calculating how large […]

Energy affects corn, soybean prices

Thursday, September 4, 2008

URBANA, Ill. — Two broad fundamental factors appear to be influencing corn and soybean prices as the growing season reaches the last stages, said a University of Illinois Extension marketing specialist. Two factors “One of those factors is the potential size of the 2008 U.S. harvest and the other is the level of energy prices,” […]

John Deere expanding U.S. tractor works; also investing in Brazilian operations

Friday, August 29, 2008

John Deere is expanding its tractor works in Iowa and is also expanding manufacturing capacity in Brazil.

Ohio wheat yields up from last year

Monday, August 25, 2008

WOOSTER, Ohio — Rain and cool temperatures kept disease levels low and crop performance at its peak for Ohio’s wheat. The result: a good year for yields.

U.S. crop progress: Early frost may kill hopes along with crop

Monday, August 18, 2008

URBANA, Ill. — USDA’s August forecasts of corn and soybean production were close enough to market expectations that a large price reaction is not expected.

Ohio on track for 160-bushel corn yield

Monday, August 18, 2008

Ohio corn growers expect to harvest 3.15 million acres for grain in 2008, 460,000 acres less than in 2007.

New attractions make a bigger equine experience at Ag Progress Days

Tuesday, August 12, 2008

UNIVERSITY PARK, Pa. — The Equine Experience at Penn State’s Ag Progress Days has a history of delivering a mix of attractions and activities that educate and entertain horse lovers of all ages. As Penn State’s equine science program has expanded, so has the Equine Experience, notes Ann Swinker, associate professor of equine science, offering […]

USDA extends deadline for Noninsured Crop Disaster Assistance Program

Monday, August 11, 2008

HARRISBURG, Pa. — USDA has extended the application deadline to apply for coverage under Farm Service Agency’s Noninsured Crop Disaster Assistance Program.

U.S. DDGS exports to Korea jump

Monday, August 11, 2008

WASHINGTON — Korea’s imports of distiller’s dried grains with solubles (DDGS) have more than tripled during the first half of this year compared to the same period last year.

Survey says consumers back farmers and biodiesel production

Saturday, August 9, 2008

ST. LOUIS — A recent nationwide survey conducted by the United Soybean Board and soybean checkoff revealed that U.S. consumers strongly back U.S. soybean farmers and biodiesel. The National Agriculture Image Survey indicated 82 percent of consumers agree foreign oil-producing countries and the high cost of fuel impacting farming and processing, packaging, storing and shipping […]

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