The newest grain export sales report from the USDA for the week ending on Dec. 24 shows that 2020 is ending on a positive note. Soybean export sales for the 2020-2021 crop surpassed analyst expectations. The trade was looking for sales ranging between 7–25 million bushels. However, the new figure passed those estimates as sales jumped 74% from the previous …
EPA Nominee Reaches Out to Corn Growers
Michael Regan of North Carolina is Joe Biden’s nominee to oversee the Environmental Protection Agency. It didn’t take long for Regan to begin reaching out to U.S. agriculture. In fact, it was the day before the official nomination announcement that Regan called National Corn Growers Association CEO Jon Doggett. “He called me on my cell phone at night,” Doggett says. …
Grain Prices Should Improve in 2021
Global grain stocks will likely be about 1.5% higher than last year, reversing the downward trend over the prior few years. Despite the rise in global supplies, USDA forecasts higher corn, wheat, and barley prices than in the 2019-2020 marketing year. The average corn price is projected at $4 a bushel, compared to $3.85 the prior year. The average wheat …
NCGA Recognizes Long-Serving Agriculture Committee Leaders
As the 117th Congress comes to a close, the National Corn Growers Association (NCGA) is taking time to recognize the tenure of Senate Agriculture Committee Chairman Pat Roberts, R-Kan., House Agriculture Committee Chairman Collin Peterson, D-Minn., and House Agriculture Committee Ranking Member Mike Conaway, R-Texas. The three leaders will not be returning to elected office next Congress, taking a combined …
Renewable Fuels Association on Gas-Generated Electricity
The Renewable Fuels Association (RFA) has long been a prominent advocate for the use of renewable energy sources to create a sustainable and environmentally friendly energy future. In recent years, the association has turned its attention to gas-generated electricity provided by different companies similar to Michigan Quality Electric, examining its role in the transition to a cleaner energy landscape. This …
Surprises in USDA’s Latest Crop Estimates
Tuesday’s new USDA corn and soybean crop estimates report from the National Agricultural Statistics Service (NASS) turned out to be surprisingly low. Gary Crawford has the details. USDA Deputy Chief Economist Cindy Nickerson says USDA has boosted its projections for U.S. corn exports and prices. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag …
Sunbelt Expo Research Farm Busy During Harvest Season
By Clint Thompson The Sunbelt Ag Expo may not have taken place this year amid COVID-19 concerns, but that doesn’t mean the Moultrie, Georgia site is completely desolate this year. Research trials on a variety of commodities continued this growing season. Now is the time that University of Georgia scientists and industry leaders are harvesting their crops. “That’s been the …
China Leading U.S. Corn Buyer Early in Marketing Year
A recent buying spree means China is running away with the top spot on the U.S. corn buyer list six weeks into the marketing year. China has purchased 10.4 million tons for delivery during 2020-2021, twice as large as the sales to date for Mexico, which is usually the number one U.S. corn purchaser. “Our top customer for the current …
China Purchases More U.S. Corn as Fears of Shortages Increase
Private exporters report more large sales of U.S. corn to China. The Department of Agriculture reported on Wednesday two large export sales, one of 420,000 metric tons and another totaling 264,000 metric tons for the new 2020-21 crop year. China needs to continue increased corn purchases to reach the lofty targets included in the Phase One agreement with the United …
USDA Crop Report Forecasts Are Within Industry Expectations
USDA released their October crop forecasts last Friday, and according to a story from Stephanie Ho, the corn and soybean numbers are within industry expectations. Here are key findings for the Southern Region from the October Crop Production report: Alabama: Corn area planted for all purposes is estimated at 340,000 acres, down 30,000 acres from the previous estimate. Production is forecast …