Markets

Forecast: Corn, soybean yields down

Wednesday, September 17, 2008 by Farm and Dairy Staff

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.
Growers expect […]

Crop input costs, market prices increase for 2009 growing season

Friday, September 12, 2008 by Farm and Dairy Staff

“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 costs for […]

Corn, soybean exports may decline

Wednesday, September 10, 2008 by Farm and Dairy Staff

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 by Farm and Dairy Staff

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 10 […]

Managing crops: How small do we go?

Tuesday, September 9, 2008 by Farm and Dairy Staff

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 of […]

Energy affects corn, soybean prices

Thursday, September 4, 2008 by Farm and Dairy Staff

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,” said […]

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

Friday, August 29, 2008 by Farm and Dairy Staff

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 by Farm and Dairy Staff

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 by Farm and Dairy Staff

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 by Farm and Dairy Staff

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