soybeans

Midwestern farmers are planning to plant more corn and wheat this spring.  An Ag Access survey said farmers will add 27% more acres to corn and 32% more to wheat.  A smaller percentage, at 17%, says they’ll increase their soybean acres.   The s...

A tough budget environment and expected falling crop prices will make it even more challenging to write the next Farm Bill.  Senate Ag Republican Chief Economist John Newton said producers are facing soaring input costs, an unrealistic farm safety net and gloomy Congressional Budget Office crop projections.   “...

USDA’s March crop production reports and supply and demand estimates showed minor changes this week.  The U.S. orange production forecast rose slightly month over month, yet will still be down 25% year over year.    Turning to domestic commodity balance sheets, an upward adjustment in ending stocks for corn led to a decrease of 10 cents to the season ending average price, now at $6.60 a bushel. 

USDA analysts are projecting the producers will, this season, plant a combined 228-million-acres to corn soybeans and wheat, which would be the largest in nine years, up about 3% from 2022.  USDA economist Andy Sowell told the USDA's Outlook forum last week that growers will have plenty of incentive to produce this year.   “...

American agricultural exports in fiscal year 2023 are projected at $184.5 billion, down $5.5 billion from the November forecast.  The export forecasts for all major commodity groups are down, with the largest drops projected for corn, sorghum, and soybeans.  Corn ex...

The USDA is out with the final Ag trade numbers from December, closing the books on 2022.  USDA’s Bart Kenner said December was a record December for exports $17 billion worth of sales.  He said that puts calendar year 2022 export sales at a record high $196 billion beating 2021's record by $20 billion, but he noted, “most of the gains in exports came from unit value increases from higher prices a

It was January 15th, 2020 when the U.S. and China signed the Phase One Trade agreement, which the Trump Administration said tore down major market barriers for American food and Ag exports.  The long-term hope was China would committee to buying even larger amounts of U.S. produc...

January is one month where the USDA's crop production forecast takes a back seat in the Department’s crop supply demand reports.  And the first one out of the gate this year is the grain and rice stock estimates.   Reports have major grades down in stocks year over year.  Corn and all wheat...

Total U.S. farm cash receipts are forecast to increase 24% in 2022 compared with 2021.  But total farm production expenses are also expected to be way up this year compared with last year.  Sean Ellis with the Idaho Farm Bureau Federation said the picture is a rosier in the Gem State.   “Idaho far...

In its report for ag prices during the month of November, the USDA said the plusses outweighed the minuses.  Resulting in the prices received index going up 4.5%, and jumping 23% when compared to November 2021.  The index of prices paid by farmers to do business showing no increase at all in November that index still 11% higher than a year ago.   When it co...