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  • Monsanto, wheat farmers reach settlement in Oregon GMO cases

  • USDA extends deadline for dairy Margin Protection Program

  • USDA: Corn stocks up 50%; soybeans, down 35%

Markets Results

Pork prices continue to defy odds

Friday, May 30, 2008

WEST LAFAYETTE, Ind. — The seasonal pork price increase from early April to early June over the past five years was $11 per live hundredweight, and this year the seasonal increase has been $23 so far. “That’s more than double the normal,” said Chris Hurt, a Purdue University Extension agricultural economist. Hog prices have gone […]

Here come the slugs. Again.

Friday, May 30, 2008

Planting delays and cool weather have slowed corn development, paving the way for a potential issue with slugs in no-till fields.

Expect flat livestock, dairy production

Thursday, May 29, 2008

WASHINGTON — According to the USDA Economic Research Service, the outlook for total red meat and poultry production will be down slightly next year. Beef/cattle Deteriorating pasture and range conditions over much of the Plains and increasing livestock production costs are adversely affecting all cattle and beef sectors. Smaller inventories of U.S. cows, calf crops […]

Energy prices fundamental to corn

Tuesday, May 27, 2008

URBANA, Ill. — Corn and soybean markets are not reliant solely on energy or futures prices to support their levels, said a University of Illinois Extension marketing specialist. “Some suggest that corn and soybean prices have not been following fundamentals, but have traded on outside markets like crude oil,” said Darrel Good. “However, energy prices […]

Crude oil drives commodities

Tuesday, May 27, 2008

By MIKE WOOLVERTON Extension Grain Economist Sighs of relief were heard throughout the grain trade last week as corn and soybean planting both progressed. Ordinarily, prices would drop as the Battle for Acres was resolved, but corn and soybean prices have remained strong due to rising energy prices. Close scrutiny Corn and soybeans are now […]

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, […]

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