Don’t Forget Maintenance Before Storing Planters

As planting season wraps up, farmers might be tempted to put their planters in the shed without looking them over first. Grayson Catania, product marketing manager at CNH Industrial, said producers should go through several steps before storing their planters. “It’s always tempting to pack your planter away, catch up on other things, and move […]

Perdue Documents Ag Confined Space Injuries

Purdue University’s Agricultural Safety and Health Program recently released the annual 2020 Summary of U.S. Agricultural Confined Space-Related Injuries and Fatalities report. The program reported 64 fatal and nonfatal cases involving agricultural confined spaces, including 35 grain entrapments, seven falls into or from grain storage structures, four asphyxiations and 12 equipment entanglements. The total number […]

Salmonsen: Despite Strong Export Numbers This Is No Time For US Ag To Get Complacent

The USDA is expecting 2021 to be a great year for U.S. Exports, projecting a record $164 billion worth of American exports this year. That’s up $28 billion year-over-year. American Farm Bureau trade adviser Dave Salmonsen said economic recovery from the pandemic and a key trade market, poised to be number one again, are driving […]

Idaho Pest Survey Underway

The Idaho state Department of Agriculture is conducting its annual pest survey, where thousands of traps go up looking for invasive species that could bring harm to the state’s farming community. The ISDA’s Lloyd Knight said they are looking for Japanese beetles, a few grain pests in wheat and corn, the European Shoot Moth as […]

USDA: China Purchases More American Ag Products

The amount of American agriculture products purchased by China in the first half of fiscal year 2020 was fairly small.But as far as this year, USDA economist and trade tracker Dylan Russell said China has climbed to #1 in corn purchases and #2 for un-milled wheat. He added China has, of course, greatly expanded purchases […]

CME Group Permanently Closing Physical Trading Pits

CME Group announced this week it will not reopen its physical trading pits that were closed last March due to the outbreak of the COVID-19 pandemic. This includes the trading pits for corn, wheat, soybeans and other ag commodities. Contracts for ag commodities will be traded only electronically. However, CME Group’s Eurodollar options pit, which […]

Export Inspections of Corn and Soybeans Rise While Wheat Drops

Week-to-week exports of corn and beans rose while wheat assessments declined. Corn inspections in the seven days ending on April 22 came in at 1.95 million tons. That’s up from 1.56 million metric tons the previous week and was almost double the 1.08 million tons two weeks ago. Soybean assessments last week totaled almost 224,000 […]

Renewable Fuel Credit Prices Climb to Highest Point Since 2013

The price of renewable fuel credits soared to its highest point on record early this week. Reuters said higher costs for soybean oil pushed up both renewable fuel and biomass-based credits. Renewable fuel credits for 2021 traded at $1.50 each, after trading at $1.44 in the previous session. Biomass-based credits traded at $1.58 each, up […]

USDA: Exports To China Up Considerably

When looking back on the first five months of fiscal year 2021, Ag exports to China has increased considerably. “China’s purchases were $20.2 billion, up 182% from that same period in 2020.” USDA Economist, Bart Kenner, said China is buying more of practically every major US crop. So, for example, in dollar terms for the […]

Farm Credit System Reviews Current Ag Economy

Record agricultural exports are contributing to favorable economic conditions for the U.S. farm sector. Exports to China have risen to record levels, with increases in soybeans, corn, wheat, and cotton. High crop prices and strong producer margins are expected to bring more acreage into production, but continuing drought in much of the western United States […]