The Des Moines Register’s Post

The market is always changing for commodity crops in the agriculture sector. Some farmers in the US Corn Belt are expecting to grow more soybeans than corn at this point of the season depending on how weather conditions affect yields. https://lnkd.in/g3eB8WEz

Dive deep into the National Soybean Index with Darin Newsom's latest analysis in Farmers Hot Line. Discover how technical patterns and market fundamentals intersect in the ever-evolving world of soybean prices. As we head into August, this comprehensive overview offers critical insights for anyone navigating the complexities of the agricultural market. 📊 Read the full article here: https://lnkd.in/dkH_8kxD #FarmersHotLine #Soybeans #Agriculture #MarketAnalysis #Farming

As the harvesting season approaches in the Southeast, it's crucial to focus on the key commodity crops: corn, wheat, and soybeans. These crops, often cultivated in large quantities, play a vital role in our food systems and economy. In this blog post, you’ll learn more about: ✔️harvest timing and pricing projections ✔️economic impact of commodity crops ✔️industrial applications Continue reading here: https://bit.ly/3Ztf1zW

It’s no secret that US wheat growers are facing lower prices and tighter margins. With winter planting in progress, some farmers have found a new strategy to overcome these challenges and ensure a productive harvest. Get a look at the current wheat market, and how growers are boosting profit despite fluctuations. #Wheat #WinterWheat #WheatFarmer #WheatHarvest #WheatFarming #AgLife #Farmer #Farm #Farming #FarmingTips #Agriculture #Harvest24 #Harvest2024 #MarketOutlook #GrainMarket #Grain

Despite recent weather, US crops making steady progress with corn silking now at 41% US crops are making steady progress even with the recent stormy weather and persistent elevated temperatures, with 41% of corn now silking and 51% of soybeans blooming, as per the latest weekly crop progress report from the US Department of Agriculture (USDA). #ICIS USDA #Crops #corn #ethanol #CropProgressReport #Fertilizers #fertz

#Cropprogress report for June 17th summarizes the health and development of major crops in the #US: -The G/E quality of corn and soybeans has declined, with corn decreasing for two consecutive weeks. - Winter wheat is currently being harvested, with yields expected to be higher than previously estimated. Spring wheat planting is progressing more slowly compared to last year. - #Corn: Emergenin is slightly ahead of the average but behind last year. The crop condition is good, matching the highest level since 2020. - #Soybeans: Planting is on track, exceeding the average but below last year's rate. Emergence is above average but lags behind last year. The crop condition is very good, still the highest since 2020. - #Winterwheat: Development is ahead of expectations, with the condition being the best since 2020. The current rating suggests a slightly higher yield than the USDA estimate. Harvest is progressing much faster than usual. - #Springwheat: Development is well ahead of last week and at the highest level since 2019. However, the heading is behind the average. #agriculture #news #crop #grains #oilseeds #CBOT #trading #futures #hedging

INSIGHTS FOR SUPPLY, ENDING STOCKS, AND PRICES FROM FSA ACREAGE DATA — by Jason Franken and Joseph Janzen On Aug. 12, the National Agricultural Statistics Service of the USDA released new planted acreage estimates for major crops in its monthly Crop Production report. For the first time, NASS used data on crop acreage enrolled in farm programs from the USDA Farm Service Agency to update in August its planted acreage estimates for corn and soybeans. In previous years, NASS only updated acreage estimates for corn and soybeans using FSA data in September. This change reflects that, in recent years, nearly all planted acres are enrolled in FSA farm programs and those acres are nearly all enrolled by August. The Crop Production report lowered the corn planted area estimate from 91.5 to 90.7 million acres and increased the soybean estimate from 86.1 to 87.1 million acres. In this farmdoc daily article, we apply a procedure for using FSA acreage enrollment data to estimate final crop acreage. Our estimates suggest that 2024 corn and soybean acres are close to USDA’s long-run baseline projections for acreage and slightly higher than current NASS estimates. These production levels imply farm prices for corn and soybeans slightly below current USDA forecasts. Read more: https://lnkd.in/gnyfJrQC #corn #soybeans #acreage #planted #prices #fsa #crop

USDA’s Prospective Plantings is one of the most important reports of the year. It brings the total major crops acreage that American farmers intend on planting in the coming cycle (24/25). Thus, it sets the tone for the supply side of the balance for the whole year. In 2024, the Prospective Planting confirmed market’s expectation of a switch to soybean in the farmer’s planting decision. Even though market was already expecting this change, the cut to corn acreage (-4.6M ac vs 2023) was way bigger than market’s average estimate (-2.8M ac). The report also added a slightly bearish pressure to wheat, as cut to total wheat area wasn’t as huge as expected. This year, the report showed US farmers intend to cut planted area by more than 3M ac. Agents were expecting this to be a soybean-oriented cycle, however, with a smaller increase on cotton and bigger cut on corn, total acreage was much smaller than expected. That shows farmers were more sensitive to the low-prices scenario. #hEDGEpointglobalmarkets #USDA #Soybean #Corn #Wheat #UnitedStates

Sometimes too much of a good thing is bad for business. Bumper crops are posing challenges for American farmers this year, impacting crop prices and leading growers to cut back on essentials like fertilizer and equipment. The US Department of Agriculture forecasts record-large yields for corn and soybeans amid weak global demand. Despite crop tour projections slightly below USDA estimates, numerous scouts confirm expectations for massive harvests. Substantial inventories have driven soybean and corn futures to their lowest levels since 2020, while wheat futures hit a four-year low recently, with production expected to surge by 9% from last year. Consequently, farmers are facing a significant 26% income decline in 2021, marking the largest drop since 2006. #Agriculture #USFarming #CropChallenges

Market Buzz: What’s Cooking in Ontario’s Beef & Crops? ⬇️💰 Beef Prices On the Rise! Ontario fed cattle prices are up by $2/cwt! Steers are cruising at $253/cwt and heifers at $251/cwt. It’s a good time to be in the beef business! Corn & Soybeans: Feeling the Pressure! After peaking earlier this summer, corn and soybeans are showing bearish trends, thanks to the USDA’s June 30 report. But hey, it's all part of the game in the world of farming! Wheat’s Early Harvest Surprise! Wheat prices might be down, but Ontario’s wheat crop is ahead of schedule and ready for an early harvest. Sometimes, you just gotta roll with the punches! Stay tuned for more updates as we track the trends in Ontario’s agriculture! . . . #AgriUpdate #OntarioFarming #BeefPricesCanada #CornAndSoybeans #WheatHarvest #FarmingLifeOntario #FNAFO #firstnationsagriculture