Last month’s government shutdown delayed several important USDA reports. Many market analysts say the lack of information has led to a narrow trading range for corn and soybeans. Fresh news is on the way later today as the department releases a backlog of data, and traders are poised for volatility. Stewart Peterson senior market advisor …
Category: Ag News
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Feb 08
ISA research documents nutrient runoff reductions from cover crops
Photo courtesy Iowa State University Iowa Soybean Association researchers continue to see significant declines in nutrient runoff on fields planted to cover crops. “This year, cover crops across the state reduced nitrogen concentrations in tile water by about 28 percent,” says Adam Kiel, ISA’s operations manager for water resources. “That’s pretty much in line with …
Feb 07
Nebraska bankers stress smart marketing, cutting expenses
Two western Nebraska bankers say they’re emphasizing the importance of smart marketing and expense reductions in meetings with farmers this winter. Leland Poppe with Great Western Bank says crop producers need a good marketing plan. “So when you get into the emotions of a market that looks like it’s going to take off, you’ve got …
Feb 07
Bayer dicamba training underway
Farmers who spray dicamba this year are now required to keep records of what neighboring crops are around them. Bayer dicamba lead Ryan Rubischko tells Brownfield Ag News it’s part of the EPA’s 2019 dicamba label, “Knowing in advance what are those neighboring fields? Those adjacent fields. So, when a farmer’s ready to go in …
Feb 07
Fireworks could accompany backlog of USDA numbers
The market is poised for volatility with USDA essentially releasing two months of supply and demand numbers Friday. Stewart Peterson senior market advisor Naomi Blohm says she anticipates some dramatic price action once the reports hit at 11 am central. “That’ll be an opportunity for old crop and new crop cash sales, and that’s what …
Feb 07
Graves: China the exception to good faith trade bargaining
Congressman Sam Graves says China is the exception where trade negotiation progress is concerned. “China is going to be a little bit harder moving down the road just simply because they don’t like to play by the rules,” said Graves, “but all other countries, the EU, South Korea and all the other renegotiated trade agreements …
Feb 07
Cheese contest has record number of entries
Championship cheeses on display before they are auctioned off The U.S. Championship Cheese Contest has a record number of entries this year. The biannual event has an 11% increase in entries with 2,555 entries. There are entries from 35 states and 29 first-time competitors, and for the first time has competition for traditional waxed cheddars, …
Feb 07
Looking at alternatives to higher-priced distillers grains
Tighter supplies and higher prices for the ethanol co-product distillers grains have cattle producers looking at options. University of Nebraska Extension beef specialist Randy Saner says distillers grains have been a great value for cow-calf producers. But with the increased cost, producers are looking at options, including whole soybeans. “You’ve got to limit how many …
Feb 07
CME dairy prices mostly up Thursday
Milk futures and cash dairy prices were mostly up on the Chicago Mercantile Exchange Thursday. February Class Three milk was up $.04 at $13.98. March was up $.20 at $14.56. April was up $.16 to $14.79. May was up $.12 to $15.25. The milk futures from June through next January ranged from zero to eight …
Feb 07
McKinney optimistic about improving trade with Brazil
A USDA Undersecretary says the U.S. trade team is asking Brazil to address major ag trade issues. Ted McKinney says, “The areas we focused on have been the 20-year-old WTA-mandated wheat TRQ, which is a tariff rate quota, which has not been honored. The second one is the ethanol tariff.” McKinney says they are also …