Corn futures at six-week highs, at mid-week soybeans seven-week highs, and the hot, dry weather is extended. Some private forecasters are already pulling back the top end of yield potential for corn and soybeans, we are told. Bottom Line analysts say that even a one-bushel-per-acre decline in the national soybean yield drops new crop ending stocks by over 70 million …
American Peanut Council Markets Peanuts Across Seas
American peanut farmers are involved with the American Peanut Council. Their core responsibility is to administer an export promotion program for U.S. peanuts, increasing the consumption of U.S. grown peanuts and peanut products internationally. APC does not process or sell peanuts. Instead, resources are devoted to market development and dissemination of trade information on behalf of the U.S. industry. Right …
U.S. Peanut Federation Supports Securing Ag Workforce Act
The U.S. Peanut Federation has been working with the chairman of the House Ag Committee on the labor legislation that will provide some help at the farm level or all across the industry. It’s called the Securing Ag Workforce Act, which addresses key challenges for the peanut industry, such as broadening eligible H-2A activities to include the following key industry …
StoneX Report Shines Light on Prices Under Pressure
StoneX Commodities released an 80-page report recently providing insights in how they see markets performing in the third quarter. StoneX third quarter outlook shows corn and soybean prices remaining under pressure, especially later in the quarter with ample supplies heading into harvest. Wheat, they say, can be firm to a bit higher amid tight supplies here and also in Europe. …
Checking in on the Peanut Crops Across the Southeast
Checking on the peanut crops across Alabama and Florida today. Alabama said they still have some planting to do this late. Additions are being replanted areas as well. It’s been extremely dry, they said for the past and hot the past week. We have been making some delayed fungicide and herbicide applications. Water demand is increasing, they said and hoping …
Monthly Crop Report Affected by Weather
Tomorrow’s monthly crop report could be pushed aside by changing weather forecasts. The July report historically can be a non-factor, always squeezed between the quarterly stocks and final acreage numbers that come at the end of June, and the August report that for the first time is based on actual field surveys and not computer models. That report, by the …
How Eli Whitney’s Cotton Gin Revolutionized American Agriculture
A Simple Conversation Sparked One of America’s Greatest Agricultural Innovations Innovation has always played a vital role in American agriculture, and few inventions transformed farming more dramatically than the cotton gin. What began as a simple conversation between a struggling farmer and a mechanically gifted college student ultimately changed the course of American agriculture forever. According to Mark Oppold’s American …
Peanut Crop Condition Update
The National Ag Statistics Service, the USDA, says the U.S. peanut crop condition is 1% very poor, 6% poor, 34 fair, 54 good, and 5 excellent as we get to July the 7th. Checking on the states, Georgia is showing 62% of their crop is pegging down. That’s the five-year average at 63. They said the peanut crop has improved …
Weather Forecast Up for Debate
Weather forecasts front and center in the grain trade here at midweek, but U.S. and European weather models disagree going forward. Bottomline grain analysts suggest that commodity fund traders have been looking for any reason to go long in this market, and weather was the reason this week. Now, there’s a catch. European weather models show a hot, dry August …
Stocks and Processing Report Shows Increase in Peanut Popularity
Well, the Stocks and Processing Report gives us more details on how peanuts are being utilized. According to USDA in their 10th month report, they said that raw peanuts in primary products are up an amazing 6.3 percent. That’s August through May compared to last year. Peanut usage is up; peanut butter usage is up 6.3 percent for the period. …










