Water Lines: Many factors are making it difficult to continue farming and ranching — but drought is one of the biggest challenges. By: Dan Keppen This water year is shaping up to be one of the worst in recent Western history. More than 90% of the region is in drought, with 53% experiencing at least […]
3 factors to think about before making grain sales. Hint: they have nothing to do with current prices By: Darren Frye Many farm leaders say that marketing their crop is one of the most challenging things they do – and it’s true that grain marketing can be a tough part of the job. In all […]
Grain Market Week in Review: Both new crop corn and soybean futures contracts offer a shot at solid profits. Ag Marketing IQ Successful CEOs and leaders know that they can’t do everything themselves. Instead, they will often look to surround themselves with trusted advisors to help manage their businesses or organizations. The same logic should extend to […]
Growers are encouraged to reference the Almond Board’s latest resource, the Nitrogen Best Management Practices. By: Almond Board of California As almond kernels begin to grow, it’s important that trees receive the appropriate amount of resources to support that growth. From nutrient perspective, growers are encouraged to reference ABC’s latest resource – the Nitrogen Best […]
Consultants share their perspective on the 2020 season, what’s next for 2021 and why they’re a valuable resource for farmers. By: Ginger Rowsey For all of agriculture’s technological advances, there’s still no substitute for boots on the ground … or the seasoned experience that comes from years of walking fields. As farmers continually battle new and […]
World corn and soybean demand may support the continuation of high wheat prices. By: Shelley E. Huguley World wheat production in 2020/21 is projected to be a record 28.4 billion bushels, which is 349 million bushels higher than production in 2019/20. 2020/21 world wheat use is projected to be a record 28.3 billion bushels. This is 821 million bushels higher than during the 2019/20 wheat marketing year. World wheat production […]
The latest Farm Progress PANEL shows respondents are thinking ahead with the 2021 crop before planters roll By: Willie Vogt When crop prices have challenged even the most stalwart risk management expert, a turn in values can get your attention. For the newest Farm Progress PANEL, it appears that $5 corn and $13 soybeans – […]
Corn, soybeans and wheat all spill lower week-over-week. By: Ben Potter USDA’s new export report, covering the week through February 11, didn’t have a lot of bullish data to digest after it was released Friday morning. Old crop corn sales sagged 67% below the prior four-week average, with old crop soybean sales down 53% over […]
While the world suffered through pandemic and recession in 2020, the past 12 months weren’t bad at all for prices of many assets. That includes values of major crops. Though energy, livestock and the standing of the U.S. dollar suffered last year, other contracts posted double digit gains. Grains, stocks, metals and financials all ended […]
This is a presentation summary from the 2020 virtual Illinois Farm Economics Summit (IFES). A video of the webinar and PowerPoint Slides (PDF) are available here. Expectations of net incomes on Illinois grain farms changed over 2020. Above trend yields in 2020 combined with higher corn and soybean prices will lead to higher 2020 crop revenue […]