U.S. Peanut Federation

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

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. …

peanut crops

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 …

weather

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 …

Eli Whitney's Cotton Gin

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

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

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

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. …

peanut stocks

USDA’s Peanut Stocks and Processing Report

Checking on the peanut market, USDA’s Peanut Stocks and Processing Report has been released. For the 10th month of the marketing year, they’re saying that commercial storage is holding 4.07 billion pounds of farmer stock peanuts. That compares to 2.54 last year billion pounds, and that is up 60% on last year, and that’s the reason the market is down. …

weather

Weather Affecting Industries

World events certainly affect grain, and livestock markets all year long, but as we move deeper into July, weather takes more of a spotlight for both. Markets back open today after the holiday. We hope it was a great weekend for family and friends. We mentioned in a report last week that December corn historically reaches a top 10 to …