The Peanut Stocks and Processing Report for February was recently released. Tyron Spearman has more.
USDA Holding Peanut Checkoff Continuance Referendum
Peanut producers across the Southeast are being reminded the U.S. Department of Agriculture (USDA) is conducting a referendum now through April 19th for eligible U.S. producers of peanuts to decide whether to continue the checkoff program. The USDA Agricultural Marketing Service (AMS) is conducting the referendum by regular mail, express mail and electronic ballot. Those engaged in the production and sale of …
Watching Oats for Long Term Direction
When it comes to long-term direction in the grain markets, many traders are watching what happens with oats. Mark Oppold explains why.
Beef and Pork Exports Bring Nice Returns to Corn and Soybean Producers
New information released by the U.S. Meat Export Federation (USMEF) shows beef and pork exports last year at $18.1 billion had a significant impact on the corn and soybean industries. The numbers, from an independent study conducted by The Juday Group, notes U.S. pork and beef exports contributed an estimated total economic impact of 14.6% per bushel to the value of corn …
Crop Progress Reports Start
Crop progress reports from the USDA have started for the new crop year, something Mark Oppold notes many traders will follow closely.
Tracking Various Agricultural Commodities
Now that we’ve wrapped up the month of March, Mark Oppold looks at how some of the agricultural and energy commodities have done the first three months of 2024.
Some Surprises in USDA Prospective Planting Reports
The USDA’s Prospective Planting Report was not without some surprises. Gary Crawford reports. Listen to USDA Gary Crawford’s report here. The USDA’s Prospective Plantings Report shows corn planted area will be 90 million acres this year, down five percent or 4.61 million acres from last year. Soybean planted area for 2024 is estimated to be 86.5 million acres, up three …
Georgia Peanut Commission Approves Funding for FY 2024-2025 Research Projects
(GPC/TIFTON, GA) — The Georgia Peanut Commission (GPC) board of directors has approved $791,639 in research project funding for the 2024-25 research budget year. This action was taken during the commission’s March board meeting. The research projects include 40 project proposals submitted from the University of Georgia, Abraham Baldwin Agricultural College and the U.S. Department of Agriculture Agricultural Research Service. …
Georgia Cotton Commission Approves 2025 Research
(GCC/Perry, GA) — The Georgia Cotton Commission (GCC) has announced its research funding for the 2025 crop year. GCC Executive Director Taylor Sills said the 17 research projects will help growers maintain their sustainability moving into the future. “(Wednesday) we had our research board meeting and we allocated $675,340 towards research for the 2025 crop year. We’ve got some ways …
U.S. Farmers Intend to Plant Less Corn, More Soybeans
A new report released by the USDA National Agricultural Statistics Service (NASS), shows producers surveyed across the U.S. intend to plant 90.0 million acres of corn in 2024, down 5% from last year. But, according to the new Prospective Plantings Report, they intend to plant 86.5 million acres of soybeans this year, which is up 3% from last year. The report …