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Markets Results

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 […]

U.S. farm expenses reached record $260 billion in 2007

Friday, August 8, 2008

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 […]

Good news for the cattle industry

Tuesday, August 5, 2008

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 […]

USDA increases limits for direct loans

Tuesday, July 29, 2008

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 […]

Acreage report: Some Ohioans switched to soybeans

Monday, July 21, 2008

Ohio’s farmland planted to corn is down 13 percent from 2007; soybeans up 11 percent.

Grain and oilseed prices continue to rise in June

Monday, July 21, 2008

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.

Forecast favorable for Midwest corn pollination

Tuesday, July 15, 2008

Weather during the end of July can make or break the Midwest corn crop.

U.S. beef and pork riding export wave

Tuesday, July 15, 2008

May pork sales set yet another monthly record while beef exports reached their highest levels since December of 2003.

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