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AgWeb.com 07/13/2020 21:00
Corn and Soybeans: Mind the gap. Over the past few decades, helping hedgers and speculators position themselves to market their crops to smooth out their cash flow while attempting to leave the upside open in a weather-related event, it looks as though this year is going to be another complicated one.
AgWeb.com 07/13/2020 16:51
The heat and humidity are going to stick around as majority of the U.S. will experience above normal temperatures. "As we get towards the middle of the week, you’ll see much of these warmer colors signifying heat and humidity taking over much of our lower 48 [states]," says AgDay meteorologist Matt Yarosewick. Watch his forecast here.
AgWeb.com 07/13/2020 15:08
America’s economy is showing signs of recovery from the impact of the coronavirus pandemic, but any economic surge is likely over, according to a Knowledge Exchange. "Economic data prior to the recent resurgence of coronavirus cases has shown a consistent, steady improvement in the U.S. economy, coinciding with business re-openings," said Dan Kowalski, vice president of CoBank’s Knowledge Exchange division.
AgWeb.com 07/13/2020 13:31
The U.S. Department of Agriculture has scheduled a web seminar to discuss the new commodities added and price adjustments made to the Coronavirus Food Assistance Program. The web seminar is at 3 p.m. Eastern July 14. The USDA made adjustments to a number of commodities in the CFAP’s “Category 1,” for sales losses, adding , and other commodities and dropping and rhubarb. The changes were made after reviewing market data and comments from growers and trade groups, according to the USDA. More than were added to another category in the program. Of the $16 billion for direct payments to producers, specialty crop growers were allocated $2.1 billion. The USDA’s Farm Service Agency will accept applications in the program through Aug. 28. Related st.
AgWeb.com 07/13/2020 13:09
When farmers applied for relief payments through the Coronavirus Food Assistance Program (CFAP), farmers were only guaranteed 80% of the payment they were eligible for. According to Bill Northey, USDA’s undersecretary for farm production and conservation, farmers can expect to receive the remaining 20% by the end of August. , Northey said there should be enough money on hand to give farmers the remaining 20% of what they are due under the $16 billion CFAP, by the time signup for the program ends Aug. 28. "We'd like to be able to do it earlier than that," he said. "If we can look and see that we're going to have plenty of dollars yet, of course we haven't even announced the third group of commodities yet and we're still partway through signu.
AgWeb.com 07/13/2020 13:06
The novel COVID-19 virus has changed the world in just six months: masks are a norm, large field days are unheard of and nearly everyone has dealt with changes to their routines in some way. While agriculture is inherently isolated, changes have still hit the sector regardless. Financial impact. “[The financial impact] just depends on what commodity you’re growing,” says Paul Neiffer, CPA from Idaho. “Take the wheat market; yes, there was a little bit of a correction in price, but it’s come back a little. Then you go out to California, and all those produce crops have been hammered.”While certain programs like Paycheck Protection Program (PPP) and Coronavirus Food Assistance Program (CFAP) are available to provide assistance, not all agricu.
AgWeb.com 07/13/2020 12:04
4 Key Questions for Land Rental Negotiations. COVID-19, historically low commodity prices, questionable demand and supply chain disruptions are just a few of the challenges chipping away at your margins right now. Since 2013, producer margins have been slashed by a seven-year run of low commodity prices. Yet some producers still seem willing to compete for additional land while accepting little, if any, profit. 2021 land rental discussions are now upon us. There are four questions to consider before starting the land rental discussion:. Are you ready for a structured conversation? Do you know your numbers well enough to have an executive-level conversation with your landowner partner? Who is your competition? What fake news is misleading your.
AgWeb.com 07/13/2020 12:01
Students across the country watched event after event get canceled this year. For high school senior Samuel Hadacek, the disappointment surrounded an unhappy ending to his last year showing animals. “It was definitely a disappointment, especially this being my last year,” says Hadacek, graduating high school senior in Augusta County, Va. Despite the chaos and uncertainty with COVID-19, , canceling wasn’t an option. “This was going to be our 75th, and we wanted to do it up right,” says Shirley Kaufman, Ag Teacher and 4-H Livestock Judging Team Coach. Kaufman is an ag teacher, but also the 4-H livestock judging coach in Augusta County, Va. She says the kids had too much invested in their animals just to call it quits. “Everybody had their ani.
AgWeb.com 07/13/2020 11:04
Back on June 30th, the USDA delivered bears in the grain and soy markets an unpleasant surprise via the acreage report that sent many of them scampering for the sidelines. During the next week, Managed Money purchased almost 60,000 contracts of corn, 31,400 soybeans, 30,600 soy meal, over 18,600 soy oil, 5,300 Chicago wheat, and 4,000 KC wheat. Granted, with the exception of soybeans and soy oil, this still left them with short positions, and a sizeable one at that in corn, but left the impression that it had created a psychological shift in these markets. As it turns out, the bear had not experienced some type of epiphany, but rather a few of them just stepped to the sidelines to await the next excuse to pile back in. As the old saying goe.
AgWeb.com 07/13/2020 10:29
To celebrate the 4th of July, I’m driving around looking for tassels on our corn. I know the timeworn benchmark is “knee-high by the fourth of July” but for our latitude, hybrids and planting dates, it has gradually advanced to pollination. And as is always the case, I have neighbors who fields are way ahead of mine, which doesn’t bother me at all. There are also in our area more unfortunate fields where rain frustrated planting, often more than once. It’s also when I check familiar location for weed escapes. This field in particular. I bought over forty years ago and have been engaged in a death match with shattercane ever since. It’s a late emerging weed that surprisingly has not become immune to glyphosate, but still manages to survive t.
AgWeb.com 07/13/2020 10:23
Missed a recent article by Jon Scheve? Get it sent to you directly every week. Send a request by email:. Market Commentary for 7/12/20. Observations from Latest USDA Report:. Corn:. The USDA updated their balance sheets with the new acres reported on June 30 th . The following chart shows only the categories I think most affect final carryout. The green and orange columns are the July 10 th USDA numbers while the blue columns are my estimates of possible yields and demand going forward. Feed Demand. It seems difficult for the USDA to know exactly how many on farm bushels farmers are using for feed each year, so this estimate could potentially change some eventually. I think the USDA has still overvalued US feed demand even with a drop this month.
AgWeb.com 07/13/2020 10:11
Davis Michaelsen here with your morning update for Monday July 13. From Pro Farmer’s First Thing Today, these are some of the stories we are watching this morning:. Weekend rainfall was erratic. One band of showers brought less than an of rain from Minnesota to northeast Iowa and northern Illinois, southern Indiana and parts of Kentucky, with the latter two states seeing some 1 inch to 2-inch totals. Another band brought an inch or two of rain from south-central South Dakota into central and interior eastern Nebraska, according to World Weather Inc. The southwest experienced near record heat over the weekend. China received more excessive rainfall during the weekend. The bulk of the country is expected to receive more rain over the next two
AgWeb.com 07/13/2020 09:27
History is pounding at agriculture’s door. One of the greatest farming enigmas to afflict growers in the last 100 years has been solved, yet the answer sits idle. At its core, the cotton riddle is simple: How to remove a naturally occurring pest deterrent from seeds, yet preserve the toxin within plants? The long-sought solution means cotton can make a massive leap from fabric to consumption—and provide 10.8 trillion grams of precious protein for the animal feed industry and human intake. Bottom line: After 7,000 years of cultivation, cotton is at the cusp of helping feed the planet. Cotton has slipped the ball-and-chain of gossypol, a bitter-tasting toxin that ensures the vast majority of cottonseed is only suitable for cattle consumption.
AgWeb.com 07/13/2020 08:30
is a combination of virtual and live programming to take place Aug. 25–27. The more than 100 informational sessions align with key interests and needs of the crop and livestock sectors. The exciting #FJFieldDays agenda, designed to incorporate all the elements important to you, make this event a must-attend. Here are just a few reasons to register now:. Powerful and Insightful Speakers : Hear from leading experts such as Meteorologist Eric Snodgrass, Ag Economist David Kohl, Machinery Expert Greg Peterson, Farm Journal Columnist John Phipps and more! Easily Accessible : Since it is online, you are not limited by geography or time restraints. This type of programming is more convenient in every way. On-Demand Learning : Even though the virtua.
AgWeb.com 07/12/2020 08:00
By Jennie Schmidt: Sudlersville, Maryland. The reports of the death of dicamba are greatly exaggerated—but farmers and consumers ought to worry about the death of innovation. Last month a three-judge panel of the 9th Circuit Court of Appeals that dicamba, which helps control weeds in fields of dicamba-tolerant soybeans and cotton, unduly threatens conventional and non-dicamba tolerant crops. It vacated the registration of three new specific formulations of dicamba, but it didn’t issue a wholesale ban of this crop-protection product, which remains available in other formulations and for use with other crops. I’m in the midst of the dicamba debate: As a Maryland farmer, I’ve both planted dicamba-resistant soybeans and I’ve suffered significant.
AgWeb.com 07/10/2020 18:09
The pandemic continues to impact some dairy farmer’s bottom lines. Now, some dairy producers will likely receive a smaller milk check than they anticipated later this month. It will include a deduction larger than many milk producers have seen in years. The reason is because of the Producer Price Differential (PPD). According to the PPD for the Central Federal Milk Marketing Order was -$7.51 per cwt. “Unfortunately, it’s just real tough going right now in the dairy industry,” says Matt Schwab from Northeast Michigan. Schwab knows what it’s like to be a dairy farmer. He used to be one. Now, he works with many of them in Northeast Michigan. “We lost three dairies here in a month, last month,” says Schwab. “There’s not too many left in our are.
AgWeb.com 07/10/2020 17:40
Market Watch with Alan Brugler and Austin Schroeder. July 10, 2020. Retrograde Motion. There are times when planets orbiting the sun appear to be moving backwards relative to the one you are standing on. This is retrograde motion. As NASA explains, “Retrograde motion is an APPARENT change in the movement of the planet through the sky. It is not REAL in that the planet does not physically start moving backwards in its orbit. It just appears to do so because of the relative positions of the planet and Earth and how they are moving around the Sun”. Source: . It is all about different speeds and angles. You can be forgiven if it looked like some of our ag markets were exhibiting retrograde motion this week. Corn and beans were down for the week, b.
AgWeb.com 07/10/2020 16:30
Thirty-five million food boxes have been delivered as part of USDA’s Farmers to Families Food Box Program, as of July 10. The program has the department partnering with farmers, growers, distributors and non-profit organizations to ensure Americans have access to food during the pandemic. The Food Bank of Northern Indiana, located in South Bend, Ind., shows how the program is making a difference in people’s lives. There’s a long line in front of the food bank as people in need come with their cars and their bikes to get food for their families. “My fridge is pretty empty right now,” says Jenny Golubski from Lakeville, Ind. “I got two kids, so it’s going to help me a lot.”“Well, we always need food at home,” says northern Indiana resident M.

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