U.S. farmers are expected to produce a record-high soybean crop this year, according to the Crop Production report issued by the USDA National Agricultural Statistics Service. Up 4 percent from 2017, soybean production is forecast at record high 4.59 billion bushels, while corn growers are expected to decrease their production slightly from last year, forecast at 14.6 billion bushels. Down …
Tightening Wheat Supplies in Europe and Black Sea Ripple Through Global Commodity Markets
Combined wheat production in the European Union, Russia, and Ukraine is forecast down 12 percent from last year to the lowest level in 5 years. The EU wheat crop is down 9 percent from last year on hot, dry weather in the northern Member States, while production in Russia and Ukraine is down from recent bumper crops on a return …
Grains Exports on Track to Set New Record
U.S. exports of grain in all forms are on track to set a new record in 2017/2018, with two months of sales left to report, according to data from the U.S. Department of Agriculture and analysis by the U.S. Grains Council. During the first ten months of the marketing year, September 2017 to June 2018, the United States exported 98.3 …
Doud Rips China, India Farm Subsidies
The Chief Agricultural Negotiator for the U.S. is attacking both China and India for blowing past their World Trade Organization spending limits on farm subsidies that distort trade. “We think China has done in excess of $100 billion more in subsidies to its farmers than it was allowed to do,” Gregg Doug said at the American Sugar Alliance’s International Sweetener …
Celebrating National Scotch Day
Cathy Isom gives us a few facts, and tips, about celebrating an iconic beverage that is made from malted barley. That’s coming up on This Land of Ours. Celebrating National Scotch Day Every year on July 27th, we celebrate an aged whisky distilled from malted barley. Today is National Scotch Day. This particular whisky, first and foremost, must be made …
USDA Increases Corn, Soybean Production Forecast
The Department of Agriculture Thursday upped its predictions for larger corn and soybean crops this year. The USDA World Agriculture Supply and Demand Report predicts corn production at 14.2 billion bushels and soybeans increasing to 4.3 billion bushels. The 2018/19 U.S. corn outlook includes larger supplies, greater feed and residual use, increased exports, and lower ending stocks. Increased 2017/18 exports …
Japan TPP Ratification Brings Concerns for U.S. Wheat
U.S. wheat farmers are concerned with the recent move by Japan to ratify the updated Trans-Pacific Partnership last week. U.S. Wheat Associates says implementation of the Comprehensive and Progressive Trans-Pacific Partnership without the United States is “a time bomb” set to demolish more than 60 years of work to develop a “large and loyal market” for U.S. wheat in Japan. …
More Details on Crop Acreage Report
Tyron Spearman looks at more numbers from Friday’s USDA 2018 planted acreage reports. Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farm Credit Outlook Shows Prices for Grains to Strengthen
An outlook presented to the Farm Credit Administration shows corn and soybean prices are projected to strengthen, boosting profit margins for crop farmers. The report shows profit margins are expected to decline for livestock producers though, as rising grain prices drive up feed costs, and Southwest pasture conditions deteriorate because of severe drought. The quarterly report also notes that uncertainties …
Planting Dates for Crop Insurance
There have been some questions concerning planting date deadlines for crop insurance. So Tyron Spearman has a story that hopefully answers those questions. Planting Dates for Crop Insurance Sponsored ContentCIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024