peanut crop

Peanut Crop Estimate Changed

The 26 peanut crop estimates has been changed and lowered a little bit, but as of August the 30th, the 63% of the peanut acreage was rated good to excellent condition, one percentage point behind the previous week and eight percentage behind that same time last year. The crop reports that the crop is 6% excellent, 55% good, 29% fair, …

peanut crop

Updates on Peanut Crop Numbers

USDA in Washington has lowered the estimate on the peanut crop. Crop production report from Federal State Inspection Service and USDA has cut the 2026 U.S. peanut crop from 5.27 billion pounds, cut it 152,000 pounds since August because of lower yield and lower planted acres. The smaller crop points to lesser forward balance moving into next year. Overall, planted …

Grain trade

A Look at the Recent Grain Trade

The grain trade looks to have found some support levels that look to hold longer term. Looking at the grain trade today, December corn holding the 5.15 level or better into next week. November soybeans 12.75 or better. And looking at the wheat trade in Chicago, December 7.18 or better. Elsewhere, that VIX or fear index on Wall Street, back …

Joseph Dart grain elevator

Joseph Dart and the Birth of the Grain Elevator

How Buffalo Helped Transform the Grain Trade The movement of grain from farms to markets has always depended on transportation and efficient handling systems. In the early 1840s, a major innovation emerged in Buffalo, New York, that would dramatically change the way grain was moved, stored and loaded onto ships. The story of the modern grain elevator can be traced …

Corn

U.S. Supply and Demand Estimates for Corn

The U.S. Department of Agriculture has released its September supply and demand estimates, providing an updated look at the nation’s corn outlook. In this report, World Agricultural Outlook Board Chair, Mark Jekanowski discusses the latest changes in the domestic corn balance sheet. “Looking ahead to the new marketing year, reduction in yield by about 2.2 bushels per acre, and it …

cover crops

Reasons You Should Consider Cover Crops

Cover crops can do more than protect soil between growing seasons. USDA Undersecretary for Farm Production and Conservation Richard Fordyce explains some of the ways farmers are putting cover crops to work on their operations. “A cover crop is a crop that’s planted after the cash crop is harvested. They’re species of plants that introduce plant biodiversity into the soil, …

endowment

Endowment helps benefit the Southeast Peanut Industry

University of Georgia’s peanut team, research and extension endowment continues to provide support for research, education, and extension outreach that directly affects peanut farmers in Georgia and even in the southeast. Established in 2013, an initial $100,000 contribution was provided by the Georgia Federal State Inspection Service. This is an endowment that’s created to provide a permanent source of funding …

CME FedWatch

CME FedWatch Updates

Last Wednesday, CME’s FedWatch tool showed a 60% chance of a quarter-point rate hike by the Fed this week. Since then, an almost uninterrupted rise in energy prices and lower trends on Wall Street has that percentage now at 88% chance of a quarter-point hike today, an analyst suggesting another quarter-point hike by December. In the grain trade, rain chances …

peanut festivals

Upcoming Peanut Festivals

There’s a big day in September. It’s September the 13th. It’s better known as National Peanut Day. It honors the versatility and the rich heritage of peanuts, which are a beloved snack in America. The National Peanut Day is a chance to work some peanuts into a healthy diet or used anyway as a tasty lunchbox snack or in a …

trade

New Trade Opportunities

Australia and New Zealand are major livestock producing countries, and USDA says that could create additional opportunities for American feed products. Luke Lindberg, USDA Undersecretary for Trade and Foreign Agricultural Affairs, recently traveled to both countries as part of a U.S. agricultural trade mission. While Australia and New Zealand are already mature markets, Lindberg says USDA still sees opportunities to …