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STAFF BLOG AGWEEK Crop forecast: soybeans up, corn down
Worthington, Minn. The latest crop forecast projects Minnesota farmers will see a bigger soybean yield, but the outlook for corn has dimmed a bit. The U.S. Department of Agriculture predicts Minnes...
Posted on 9/13/10 at 9:55 AM
Corn demand is strong
As of Jan. 24, the Global Forecast System model was not as wet as the European model for Brazil. Still, the weather situation in Argentina and Brazil is not as dire as it was a few weeks ago. A more regular rain pattern is noted with systems passing and producing rainfall every six to eight days. This should benefit the soybean crop, but damage to the corn crop is irreversible.
By Sue Martin , January 30, 2012
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Potential exports drive wheat higher
The corn market gained 25 cents last week with the strength in the wheat market. Rumors that Russia may put a tax on wheat exports and may even ban exports supported the wheat market which spilled over to corn. The strengthening export demand and a firming cash basis also offered support last week.
By Ray Grabanski , January 30, 2012
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Export market shows potential life
The corn market climbed back above the $6 level and gained 6 cents last week. Market support came from new export sales last week and the lack of farmer selling.
By Ray Grabanski , January 23, 2012
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Obama proposes reorganizing agencies
WASHINGTON — President Barack Obama’s proposal to reorganize six agencies that promote business and trade and possibly reorganize food safety agencies has not been well received in agriculture or consumer advocacy circles.
By Jerry Hagstrom , January 23, 2012
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USDA deflates bulls
Corn started last week trading with strength due to continued weather concerns in South America, primarily Argentina. But the gains were short-lived once USDA’s reports were released. USDA’s Final Crop Production report was not friendly for corn, as USDA raised 2011 U.S. corn yields and harvested acreage.
By Ray Grabanski , January 16, 2012
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Important choices
Area farmers are evaluating which crops to plant this spring. Crop prices are high enough that most crops project a profit, at least on paper. But complicating the decision — and possibly accelerating the need to make firm planting decisions — is a shortage of seed for many crops.
By Jonathan Knutson , January 16, 2012
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