USDA's crop production report showed an increase in soybean yields, but a lower national corn yield. Analysts say Pro Farmer Crop Tour next will reveal more answers about this year's crops and could be a market mover.
By Nayara Figueiredo SAO PAULO, Feb 22 (Reuters) - U.S. grains merchant Archer-Daniels-Midland Co said on Tuesday it has carried out the largest soybean shipment in the history of the Ponta da Montanha
The global pandemic is clearly weighing on the minds of farmers. The new Purdue University CME Group Ag Economy Barometer recorded its largest one-month drop in sentiment.
Eggs are in high demand at the grocery stores right now as more people cook from home. However, getting them from the farm to the table can be quite the process.
Ethanol plants throughout the country are shutting its doors or limiting hours. It’s partly due to the coronavirus (COVID-19). Yet, there are other factors at play which include less demand for ethanol and gasoline.
Clinton Griffiths, Farm Journal editor and AgDay Host, has more with Bob Utterback in this analysis clip about whether to hold grain when bills are due.
There's talk China maybe buying some U.S. ethanol soon. It could be part of the new Phase One Trade agreement. Bloomberg reporting sources tell them Beijing plans to start buying ethanol by lifting tariffs on the fuel.
The I-80 Harvest Tour takes us to Indiana this week. It's where less than half the corn crop has been harvested. Some of that crop wasn't planted until after the start of June.
Farmers are trying at harvesting as fast as they can before the snow arrives. There is snow in the forecast for many places in the Midwest this week. Has damage already been done to the crop during the last freeze?
The maturity of the U.S. corn crop is running at its slowest pace since 2009. For soybeans dropping leaves, it's the slowest since 1996. That's according to Crop Progress report of the September 22 week.
Crop conditions are so variable this year, analysts say we won't have an accurate grasp of the impact on both yield and abandonment until later this summer.
Analysts are telling farmers to take the planting intentions report with a grain of salt while the market reels from a higher-than-expected corn stocks report.
A former grain elevator manager is on the run after allegedly pocketing $2 million from the Ashby Farmers Cooperative Elevator Co. in west-central Minnesota.
