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 […]
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 […]
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 […]
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 is expanding its tractor works in Iowa and is also expanding manufacturing capacity in Brazil.
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.
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 corn growers expect to harvest 3.15 million acres for grain in 2008, 460,000 acres less than in 2007.
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 […]
HARRISBURG, Pa. — USDA has extended the application deadline to apply for coverage under Farm Service Agency’s Noninsured Crop Disaster Assistance Program.
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.
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 […]
WASHINGTON — It’s not the record most farmers want to set. The rising cost of fuel and other products drove U.S. farm production expenditures to a record $260 billion in 2007. That’s according to the Farm Production Expenditures 2007 summary released Aug. 7 by the USDA’s National Agricultural Statistics Service. Total U.S. farm production expenditures […]
URBANA, Ill. — Better days are likely ahead for the cattle industry, according to a Purdue University Extension marketing specialist. “As numbers keep dropping, producers adjust inventories downward in the face of high feed and forage prices,” said Chris Hurt. “At mid-year, the number of all cattle and calves was modestly lower than the two […]
WASHINGTON — Agriculture Secretary Ed Schafer has put into place a new farm bill provision, increasing the limits on loans to $300,000 — up from $200,000 — for direct farm ownership and operating loans. Farm Service Agency (FSA) loan limits remained unchanged since 1984. “Our Farm Service Agency has already started making loans with today’s […]
Ohio’s farmland planted to corn is down 13 percent from 2007; soybeans up 11 percent.
Ohio’s June corn price of $6.67 per bushel is up $1.13 from May, and the state’s June soybean price of $13.90 per bushel is up $1.80 from May, and $6.18 above what was received at the same time last year.
Weather during the end of July can make or break the Midwest corn crop.
May pork sales set yet another monthly record while beef exports reached their highest levels since December of 2003.
The USDA’s July report shows a tight supply and demand situation for both corn and soybeans.