Farmers Need Trade to Move Record Corn Crop

Dan Corn, Exports/Imports, Industry News Release, Trade

It’s no secret that American farmers produced another record corn crop, which means overseas market access will be a big key to limiting losses due to depressed corn prices. The Illinois Corn Growers Association says this is what farmers pencil out on paper to demonstrate why market access is so important to corn farmer profitability. “It looks like our ‘what …

grain traders

Grain Traders Getting Squeezed by Oversupply

Dan Corn, Industry News Release, Wheat

Over the past few years, farmers have cut their spending due to low commodity prices caused, in part, by a global glut of commodities. A Dow Jones report says it’s now commodity traders’ turn to do the same. Companies that dominate the global grain trade, including Archer Daniels Midland and Bunge, Ltd., are cutting spending by hundreds of millions of …


More Money Raising Soybeans

Dan Industry News Release, Soybeans

For four years in a row crop farmers in Illinois, other parts of the nation too, have made more money on soybeans than corn. The numbers are pretty clear and University of Illinois Agricultural Economist Gary Schnitkey lays them out in an online farmdocDaily article. He says, on average, soybeans have been more profitable than corn since 2013. And farmers have responded …

southern region

Southern Region October Crop Production

Dan Alabama, Corn, Cotton, Crop Forecasts, Field Crops, Florida, Georgia, Peanuts, Soybeans, Wheat

The Southern Region October Crop Production has Corn production in the United States is forecast at 14.3 billion bushels, down 6 percent from last year. Based on conditions as of October 1, yields are expected to average 171.8 bushels per acre. Soybean production is forecast at a record high 4.43 billion bushels, up 3 percent from last year. All cotton …

Yields High, Prices Low for Alabama’s Corn Crop

Dan General

Alabama farmers planted fewer acres of corn this year, but high yields could elevate the harvest to near record levels. “Good yields are always a blessing,” said the Alabama Farmers Federation’s Carla Hornady. “Farmers need high yields to help offset low prices this year.” U.S. Department of Agriculture spring reports showed Alabama farmers planted 240,000 acres of corn, a 27 …

corn soybean stocks

Corn and Soybean Stocks Explored

Dan Corn, Industry News Release, Soybeans

Last week’s Grain Stocks report should reduce the ending stocks for both corn and soybeans this month. USDA’s quarterly grain stocks estimate suggests there are fewer bushels of corn and soybeans left over from last year than have been reported so far. University of Illinois Commodity Grain Markets Specialist Todd Hubbs says corn is off by 56 million bushels and …


USDA Releases Grain Stocks Estimates

Dan Corn, Industry News Release, Soybeans

Current corn storage has swelled to levels not seen since the 1980’s, according to new data released by the Department of Agriculture. USDA released its quarterly Grain Stocks report Friday. The report shows that old-crop corn stocks have reached a 30-year record at 2.2 billion bushels. That number was 32 percent higher than last year, but still below the pre-report …