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  • You’ll pay more for Easter eggs and bacon

  • Pa. performance tested bull sale totals $265,700

  • Hemlock-killing pest, Hemlock Woolly Adelgid, found in new areas in Ohio

Markets Results

Syngenta and Monsanto reach agreement

Friday, May 23, 2008

BASEL, Switzerland — Syngenta has reached a definitive agreement with Monsanto, which settles all outstanding litigation relating to the two companies’ global corn and soybean businesses. The agreement gives Syngenta enhanced flexibility in serving its customers and will expand the technology choices available to growers. Terms Terms of the agreement include: — Monsanto receives a […]

Oil to blame for high production costs

Thursday, May 22, 2008

URBANA, Ill. — Between 2003 and 2007, the majority of corn and soybean production cost increases can be attributed to crude oil price increases, according to a new University of Illinois Extension study. “If crude oil prices continue to rise, production costs for corn and soybeans likely will continue to rise,” said Gary Schnitkey, a […]

Pork industry defies economic odds

Tuesday, May 20, 2008

WEST LAFAYETTE, Ind. — Recent hog prices are described as a “miracle” by a Purdue University Extension marketing specialist, who compares the high prices to an answered prayer.

Ethanol not to blame for higher food prices

Tuesday, May 20, 2008

High energy prices, increasing global demand, drought and other factors — not biofuels — are the primary drivers of higher food costs.

Dairymen will face cottonseed price hike

Saturday, May 17, 2008

Reduced plantings are expected to push cottonseed prices to $400/ton.

Subcommittee reviews dramatic movements in commodity markets

Thursday, May 15, 2008

A House agriculture subcommittee held a hearing May 15 to review the source of volatile price movements in agricultural and energy commodity markets.

Midwest rainfall delays corn planting

Thursday, May 15, 2008

While weather should improve in the next two weeks, it will not be enough to make up for planting delays already endured by the nation’s corn farmers.

Futures markets challenging farmers

Thursday, May 15, 2008

WASHINGTON — While financial and risk-management decisions always have been challenging aspects of farm and ranch work, extreme volatility in commodity markets in recent months has made these jobs even more difficult for farmers, even as prices have soared. During a Capitol Hill hearing today, American Farm Bureau Federation President Bob Stallman told lawmakers that […]

Food crisis didn’t start yesterday

Thursday, May 15, 2008

By DARYLL RAY Times of crisis often shine a bright light on long-standing problems. That was just as true in 1974 as it is today. In mid-1974, agricultural commodity prices were triple the level of two years earlier and concern was raised that malnutrition in developing countries was on the rise. Currently, we are in […]

Corn at the root of current market’s uncertainty, foreign crops influential

Monday, May 12, 2008

URBANA, Ill. — Corn is responsible for most of the uncertainty in the market, and much of that is associated with the U.S. situation, said a University of Illinois Extension marketing specialist. “Late corn planting suggests that planted acreage may not significantly exceed producer intentions of only 86 million acres,” said Darrel Good. “Based on […]

Tight U.S. crop supplies, strong demand continue

Monday, May 12, 2008

Tight supplies and strong demand mean prices for corn and soybeans are likely to remain high for the foreseeable future.

Pa. winter wheat numbers thrash 2007

Monday, May 12, 2008

HARRISBURG, Pa. — Based on May 1 conditions, Pennsylvania’s 2008 production of winter wheat is expected to be 23 percent above 2007. Final total tobacco production figures for 2007 were up 6 percent from 2006. May 1 hay stocks are estimated to be down 4 percent from a year ago, according to the Pennsylvania office […]

USDA predicts lower corn numbers

Monday, May 12, 2008

WASHINGTON — The U.S. Department of Agriculture just released its monthly World Agriculture Supply and Demand Estimate, which included the first estimate of the 2008-2009 corn crop, the National Corn Growers Association noted. USDA is projecting 86 million acres of corn will be planted this year, of which 78.8 million will be harvested. USDA also […]

Corn production prospects ‘uncertain’

Wednesday, May 7, 2008

URBANA, Ill. — Assuming that the majority of the corn crop gets planted before the middle of May, prospects for a 2008 average U.S. yield at or above trend will be maintained, said a University of Illinois Extension marketing specialist. “The question is whether trend yield will be sufficient,” said Darrel Good. “An estimate of […]

How long can corn prices stay high?

Friday, May 2, 2008

By Daryll Ray How long can this go on? How much higher will corn prices go? Those questions are of concern not only to corn farmers, but to producers of other crops, as well. In general, the price increase for other commodities followed that of corn as crops competed with each other for acreage as, […]

Big move is really no big deal

Thursday, May 1, 2008

April 28, corn futures on the Chicago Board of Trade were up nearly 23 cents, the soybeans were down 42 and a fraction, and the wheat futures were up more than 25 cents.

Soybeans generally strong this year

Tuesday, April 29, 2008

URBANA, Ill. — While the pace of the domestic soybean crush is slowing, the pace of exports and export sales of U.S. soybeans remains generally strong, said a University of Illinois Extension marketing specialist. “For the year, the USDA projects exports at 1.075 billion bushels, only 3.8 percent below the record shipments of last year,” […]

Markets plagued by volatility

Friday, April 25, 2008

WEST LAFAYETTE, Ind. — Calf prices will be highly influenced by volatile feed prices as well as bullish finished cattle prices, said a Purdue University Extension marketing specialist. “Much is riding on the size of grain, soybean and forage crops this spring and summer,” said Chris Hurt. “Eastern Corn Belt steer calf prices are expected […]

Export boom creating box shortage

Friday, April 25, 2008

WASHINGTON — While the declining value of the U.S. dollar is good news for U.S. exports in general, the weaker dollar is making U.S. grain exports to Asia more expensive by drying up the supply of empty containers headed back to Asia. For several years, strong U.S. imports of just about everything from Asia meant […]

Wild market prompts Farm Bureau to offer stability suggestions

Tuesday, April 22, 2008

WASHINGTON — Highly volatile conditions have affected the cash and futures markets where farmers and ranchers sell their grains, oilseeds, cotton and livestock. Federal regulators must keep a close eye on the situation, engage as needed and be ready to consider reform measures, according to American Farm Bureau Federation President Bob Stallman. Stallman presented the […]

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