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Agriculture Online 06/04/2020 07:07
1. Ag markets trend higher, dollar lower. After adding 17¢ in the last two trading sessions, the soybean market is taking a pause, in overnight trading. Traders have this morning's Weekly Export Sales Report to digest at 7:30am CT. Also, the U.S. cropweather remains favorable across the Corn Belt. No threatening weather is foreseen for most of June, according to weather experts. In overnight trading, July corn futures 1 3/4¢ higher at $3.25 3/4, December corn futures traded up 1 ¢ at #3.39 1/4. July soybean futures are 1/4¢ lower at $8.57 1/4. Nov. soybean futures traded 1/4¢ lower at $8.66. July wheat futures are 5 1/2¢ higher at $5.17. In the outside markets, the U.S. dollar is lower, and the Dow Jones Industrials are expected to trade hig.
Agriculture Online 06/03/2020 23:00
Whether farmers may legally apply dicamba formulations that match dicamba-tolerant crops including soybeans in 2020 is unclear. The U.S. Court of Appeals for the Ninth Circuit—headquartered in San Francisco—said the EPA failed to acknowledge the risks—such as off-target dicamba damage—in its two-year 2018 conditional registration that covered the 2019 application season and was to cover the 2020 season. Monsanto (which Bayer bought in 2018) first released dicamba-tolerant soybeans (Xtend) in 2016. However, dicamba formulations that matched Xtend beans were not released until 2017. On October 31, 2018, the EPA approved conditional registrations for the three dicamba-based herbicides for an additional two years to Bayer (Xtend), Corteva Agris.
Agriculture Online 06/03/2020 12:34
What's ahead for agriculture after COVID-19? Could there be a crop COVID? by Gil Gullickson. Before the COVID-19 outbreak, massive pandemics seemed relegated to the Spanish flu pandemic of 1918. So, could a COVID equivalent happen today in crops? There have been some ominous signs in recent years. In 2005, Asian soybean rust (which originated in Japan in 1902) ravaged Brazilian soybeans, threatening U.S. production. Fortunately, it could not survive the hard freezes that occur in most of the U.S. Citrus greening (which has placed the future of U.S. citrus crops at risk) is caused by a bacterium spread by the Asian citrus psyllid. This crop plague originated in China. “Those are a couple examples of diseases that have been spread on a global
Agriculture Online 06/03/2020 09:32
With signup underway for $16 billion in coronavirus payments, farmers overwhelmingly say more federal aid to agriculture is needed this year, according to a Purdue University poll released on Tuesday. Farm spending is headed for a record this year and could exceed $30 billion from an amalgam of crop subsidies, land stewardship programs, disaster relief and stop-gap Trump administration initiatives. Farmers and ranchers have plenty of company in their call for additional aid. Agriculture Secretary Sonny Perdue has said that farm sector needs will exceed the $16 billion now available and the chairman of a key Senate Appropriations subcommittee has said he wants to boost USDA’s spending power by $20 billion, so more assistance can be offered.
Agriculture Online 06/02/2020 16:25
The United States Department of Agriculture’s (USDA) National Veterinary Services Laboratories (NVSL) today announced the first confirmed case of SARS-CoV-2 (the virus that causes COVID-19) infection in a pet dog (German shepherd) in New York state. This is the first dog in the United States to test positive for SARS-CoV-2. Samples from the dog were taken after it showed signs of respiratory illness. The dog is expected to make a full recovery. One of the dog’s owners tested positive for COVID-19, and another showed symptoms consistent with the virus, prior to the dog showing signs. A second dog in the household has shown no signs of illness; however, antibodies were also identified in that dog, suggesting exposure. SARS-CoV-2 infections ha.
Agriculture Online 06/02/2020 11:08
INDIANOLA, Iowa -- U.S. farmers feel slightly better about the current and future farm economy, according to the Purdue University/CME Group Ag Economy Barometer. In May, the latest reading, the index was up 7 points from April to a reading of 103, but it remained nearly 40% below its all-time high of 168 set in February 2020. The Ag Economy Barometer is based on responses from 400 U.S. agricultural producers and this month’s survey was conducted between May 18-22, according to the Purdue University/CME Group press release. The Index of Current Conditions improved in May, up 11 points from April to a reading of 83, as did the Index of Future Expectations, up 4 points to a reading of 112. In May's survey, there was a slight increase in farme.
Agriculture Online 06/02/2020 09:30
Incendiary Rep. Steve King survived the closest election of his career in 2016 by defeating Democrat J.D. Scholten by 3 percentage points. He faces a potentially tougher race in the Republican primary election on Tuesday, against four challengers who say they are just as conservative as King without his tinge of white extremism. Scholten’s near-success turned the northwestern Iowa district into a battleground race this year. Democrats hope to pad their majority in the House with a victory in the general election Nov. 3; is running again. Some analysts say the GOP’s best chance to retain the seat in a staunchly conservative district is to nominate someone less controversial than King. In a demonstration of their repugnance of King’s record o.
Agriculture Online 06/02/2020 09:20
Corn rootworm causes some $1 billion in economic damage to farmers each year. That’s why Bayer has launched the second year of “The Watch,” a program meant to educate farmers and encourage them to evaluate their corn rootworm pressure and management practices. Corn rootworm represents one of the top groups of insects threatening corn yields across the U.S. Corn Belt, and Bayer wants farmers to take note and track the pest in 2020. “Farmers have a number of choices in corn rootworm management, but ignoring them should not be one of them,” says Jody Gander, technology development manager at Bayer. Some areas of the corn belt have had lighter pressure in recent years, but corn rootworm is highly variable, he adds. “Now is not the time to relax.
Agriculture Online 06/01/2020 16:19
INDIANOLA, Iowa — The U.S. corn crop is rated higher than its average and soybeans are doing well too, according to the USDA Monday. Corn. On Monday, the USDA released its Cop Progress Report that shows U.S. farmers have 93% of the corn crop in the ground, ahead of a five-year average of 89%, but below the trade's expectation of 95%. Meanwhile, 78% of the nation's corn has emerged vs. a 73% five-year average. In its report, the USDA estimates the corn good/excellent rating at 74%, up from 70% a week ago. Soybeans. USDA rated the nation's soybean planting completion rate at 75% vs. a 68% five-year average, but below the trade's expectation of 77%. Meanwhile, 52% of the U.S. soybean crop has emerged vs. a 44% five-year average. In its first gra.
Agriculture Online 06/01/2020 10:07
Throttled by pandemic, U.S. farm exports this year will barely exceed last year’s totals, wiping out hopes of a speedy recovery from trade-war losses, said the USDA. Sales to China are rising but slower than projected when the Phase One trade agreement with Beijing took effect in February and far from the tripling necessary to satisfy the purchase levels specified in the pact. “The COVID-19 outbreak has created a shock to world economies that will cause an unusually high level of uncertainty for the foreseeable future,” said USDA economists in a quarterly forecast of agricultural exports on Friday. World growth will decline 5.5% on a per capita basis under the weight of “this global tragedy” that is damaging both productive capacity and buy.
Agriculture Online 05/29/2020 13:07
If there’s a bright spot for farmers from COVID-19, it’s that fertilizer supplies are secure, and prices are competitive. "Farmers are getting the fertilizer they need, and prices are at a very low level," says Rick McLellan, senior vice president-commercial for The Mosaic Company. Whether future fertilizer prices remain low hinges on supply and demand, he adds. P and K Supplies. Phosphate ℗ supplies are being aided by new technologies to extract previously unavailable phosphate.
Agriculture Online 05/27/2020 11:34
While planting paces fall below expectations, the U.S. corn and soybean crops are coming out of the ground faster than their averages, according to the USDA Monday. On Monday, the USDA released its Cop Progress Report that shows U.S. farmers have 88% of the corn crop in the ground, ahead of a five-year average of 82%, but below the trade's expectation of 90%. Read the full article. Video.
Agriculture Online 05/27/2020 09:47
The “phase one” trade agreement with China, one of President Trump’s top trade achievements, calls for Beijing to buy huge quantities of U.S. food, agricultural and seafood exports. Sales of soybeans, cotton, pork, corn, sorghum and wheat are stronger than a year ago but an Iowa think tank predicts China will buy only half of the amount needed to satisfy the agreement. U.S. agriculture was a leading target of retaliatory tariffs by China, formerly the top buyer of farm exports. The Trump administration sent $23 billion in payments to farmers and ranchers to mitigate the impact of trade war on 2018 and 2019 production. The USDA is due to update on Friday its estimate of exports to China this fiscal year, now a relatively subdued $14 billion,
Agriculture Online 05/26/2020 16:21
INDIANOLA, Iowa — While planting paces fall below expectations, the U.S. corn and soybean crops are coming out of the ground faster than their averages, according to the USDA Monday. On Monday, the USDA released its Cop Progress Report that shows U.S. farmers have 88% of the corn crop in the ground, ahead of a five-year average of 82%, but below the trade's expectation of 90%. Individual states such as North Dakota and South Dakota have just 54% and 86% planted, respectively. Meanwhile, 64% of the nation's corn has emerged vs. a 58% five-year average. In its first one of the year, the USDA estimates the corn good/excellent rating at 70%. Soybeans. USDA rated the nation's soybean planting completion rate at 65% vs. a 55% five-year average, bu.
Agriculture Online 05/26/2020 12:09
INDIANOLA, Iowa -- Corn produced by U.S. farmers is exported, fed to people and animals, and used to make ethanol as well as many other products. Pete Meyer, Head of Grain and Oilseed Analytics for S&P Global Platts, says that the coronavirus has impacted both corn used for animal feed and ethanol. "Both areas of demand will be watched closely, as they are intertwined.
Agriculture Online 05/26/2020 11:29
INDIANOLA, Iowa -- U.S. agricultural trade policy, China's push to reconfigure international supply chain lines, the entrance of Brazil and Ukraine into the commodity export markets, and the coronavirus pandemic have all disrupted the once relatively stable U.S. corn and soybean export markets. Researchers are already exploring the policies and fundamentals impacted by the coronavirus. Joe Glauber, International Food Policy Research Institute, says that there are obvious impacts to U.S. agriculture due to the coronavirus, and then there are more longterm effects. Obviously, the direct impact on the health of farm labor and workers in the meatpacking plants rise to the top.
Agriculture Online 05/26/2020 09:22
Prices at supermarkets are rising at the highest rate in eight years, as the coronavirus constricts meat production and grocery chains limit sales, said the USDA in a monthly forecast. Grocery prices will rise by a higher-than-average 2.5 percent this year, double the previous estimate. “The closure of many meat-processing facilities has put upward pressure on retail meat prices despite abundant farm-level meat supplies,” said the USDA’s , released on Friday. Beef prices surged by 4.2 percent and poultry by 4.7 percent in April. Grocery prices rose at the same time that stay-at-home orders shut down restaurants and sent Americans flooding into food stores or to digital food retailers. The crush of business created short-term shortages of da.
Agriculture Online 05/22/2020 09:13
With money from the $2 trillion coronavirus relief package, the USDA said Thursday it would provide up to to help rural businesses and farmers meet their working capital needs during the pandemic. The new program is patterned on the USDA’s existing Business and Industry program but with a higher loan guarantee level and lower requirements for collateral. Loan guarantees assure lenders that the government will pay off a loan if the borrower cannot. Agriculture Secretary Sonny Perdue said the new program would offer assurance that the USDA is “a strong supporter of all aspects of the rural economy.”The USDA did not specify a maximum size for loans eligible for guarantees in the coronavirus program. “Loans must be used as working capital to p.
Agriculture Online 05/22/2020 09:08
U.S. meatpackers ran at roughly three-fourths capacity during April as outbreaks of the coronavirus forced some of the country’s largest meat plants to close temporarily, said the USDA on Thursday. Production is rebounding in May, but the risk of a resurgence of the virus hangs over the industry, said analysts. said it had absorbed $20 million in “incremental supply chain costs primarily related to lower production volumes, employee bonuses, and enhanced safety measures” at its plants in the past three months. It said it could chalk up an additional $60 million to $80 million for the second half of the year. The coronavirus pandemic has punctured expectations of record-high red meat and poultry production this year. Last week, the USDA lowe.

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