Mother Nature hasn’t cooperated for farmers trying to plant spring wheat in South Dakota. The USDA says as of Sunday just 1% of the state’s spring wheat crop has been planted, well behind 24% last year, and 15% for the five-year average. Winter wheat condition is rated 24% good to excellent. Four percent of oats have been planted in the state, well behind 25% last year, and 14% for the […]
Soybeans were higher on commercial and technical buying. Interior cash basis levels are firm to strong, reflecting the tight supplies and solid demand. A move to a cooler, wetter pattern should delay fieldwork and planting in some areas. The USDA says 4% of U.S. soybeans are planted, compared to the five-year average of 1%. Soybean export inspections were down on the week and the year, but the pace remains ahead […]
Optimal weather conditions have helped push Missouri’s corn planting well ahead of the average pace. The USDA says as of Sunday 30% of the state’s corn crop has been planted, compared to the five-year average of 8%. Five percent of soybeans have been planted, compared to the five-year average of 0%. The state’s rice crop is 30% planted, ahead of the average pace of 12%. Winter wheat is 3% headed, […]
May corn closed at $6.76 and 1/2, up 10 and 1/4 centsMay soybeans closed at $15.17, up 16 and 1/2 centsMay soybean meal closed at $465.70, up $6.00May soybean oil closed at 54.57, up 91 pointsMay wheat closed at $6.96 and 1/2, up 14 centsJun. live cattle closed at $164.87, up $1.15May feeder cattle closed at $210.75, up $2.85May lean hogs closed at $81.00, up 55 centsMay Class III milk closed […]
Corn planting is underway across Nebraska. The USDA says one percent of the crop has been planted. Winter wheat condition is rated 40 percent poor-to-very poor with only 1 percent rated excellent. Fifty-six percent of oats have been planted. Topsoil moisture is rated 68 percent short-to-very short and subsoil moisture is rated 79 percent short-to-very-short ...
Early U.S. corn and soybean planting is ahead of average. Much of the Midwest and Plains saw good planting weather last week, but there could be some delays this week with a cooler, wetter pattern covering large parts of the region. The USDA says 8% of U.S. corn is planted, compared to the five-year average of 5%, and 4% of soybeans are planted, compared to 1% on average. 27% of […]
High winds and drought slowed corn planting in Kansas last week. The USDA says 6 percent of the crop is in, up 1 percent from the pervious week. Winter wheat condition is 60 percent short-to-very short. Topsoil moisture is rated 82 percent short-to-very short and subsoil moisture is rated 78 percent short-to-very short. ...
An ag economist says producers could face tighter margins if crop prices fall quicker than input prices. Michael Langemeier is the Association Director of Purdue University’s Center for Commercial Agriculture. “If input prices increase more in 2023, we’re not looking at the same crop price prospects in 2023 as we did in 2022,” he said. “If you look at the extended futures going into the end of 2023, corn and […]
The Michigan craft beverage industry is seeking a million in state funding to expand marketing and promotional efforts. During a recent House Ag Appropriations subcommittee hearing, Bob Jacobson with the Michigan Wine Producers Association explained how the Michigan Craft Beverage Council funds are used. “We had $350,000 for research grants and I think we ended up with a little under $200,000 for marketing the entire craft beverage industry of Michigan,” […]
