The markets have been a but quieter this week, mostly due to the fact they will be closed Thursday for the 4th of July holiday. So, Mark Oppold takes time to look back at how some of the agricultural commodities have performed the first half of this year.
NASS Releases the Monthly Cotton Acreage Report
Cotton growers planted 11.7 million acres in 2024, up 14 percent from last year. Upland area is estimated at 11.5 million acres, up 14 percent from 2023. Compared with last year, Upland planted area increased in 12 of the 17 major cotton-producing States. Nationwide, 94 percent of the cotton crop was planted by June 23, one percent ahead of the previous year but 2 percent behind the 5?year …
Watching Weather Events
Many traders continue to keep an eye on various weather events taking place across the major growing areas. Mark Oppold has more details.
Corn Acreage Down, Soybean and Cotton Acres Up
According to new estimates from the USDA National Agricultural Statistics Service (NASS), farmers this year planted 91.5 million acres of corn in the U.S., down 3% from last year. Soybean area planted is estimated at 86.1 million acres, up 3% from last year, while all cotton planted is estimated at 11.7 million acres, 14% above 2023. Following up on the Prospective Plantings report released in March, NASS …
A Look at Florida’s Peanut Crop
During the recent USA Peanut Congress, updates were given on the state of Florida’s peanut crop. Tyron Spearman reports.
New Format for Sunbelt Ag Expo Field Research Days
The Sunbelt Ag Expo has announced they will be showcasing their field research in a new format that will actually span over a two-week period. The 2024 Field Research Days are scheduled for July 10-24, and farmers are invited to stop by at their convenience during this two-week period. During the self-guided driving tour of the Darrell Williams Research Farm located at the Expo …
Hoping for a Rebound in the Grain Trade
The recent sell-off in the grain trade has many hoping a rebound is in the works. Mark Oppold looks at what analysts are hoping will take place.
A Look at Alabama’s Peanut Crop
During the recent USA Peanut Congress, updates were given on the state of Alabama’s peanut crop. Tyron Spearman reports.
Three Year Lows in Corn and Soybean Futures
We are seeing three year lows in both corn and soybean futures. Mark Oppold looks at how history shows this is normal for this time of the year.
Cotton, Peanut Condition Update
Cotton and peanut crops across the Southeast continue to grow. And according to USDA Chief Meteorologist Mark Brusberg, the nation’s cotton crop is improving. According to the USDA National Agricultural Statics Service (NASS), this is where cotton and peanut condition ratings across the Southeast stood as of this past Sunday: In Alabama, cotton condition is rated as 2 percent excellent, 67 percent good, …