Drought Stokes Early-spring Row Crop, Forage Stress Fears
There weren't a lot of changes in Thursday's update to the U.S. Drought Monitor Map, with the most notable ones being the growth of "moderate drought" conditions in South Dakota.
Grain Prices Have Machinery Sales Surging
A lot of farmers cut back on machinery purchases when grain prices were bearish in the last few years. But now that prices have bounced back, a lot of pent-up machinery demand is reaching fruition in increasing sales.
“New Money” Entering Already-bullish Corn Market
A duo of global factors is upping the bar for the corn market this week, with the announcement of strong export sales to China and a looming transportation strike in Brazil, a major grain export competitor for the U.S.
USDA Temporarily Halts CFAP Payments
Late Wednesday, USDA announced it's temporarily freezing processing payments under the Coronavirus Food Assistance Program (CFAP).
Shipping Logistics Complicating Trade with China — Reports
It's no secret that the U.S. imports a lot of consumer goods and products from China. Usually when those purchases happen and products are delivered, shipping containers return to China containing U.S. products and goods — including grain.
Economist: Interest Rates Won’t Rise for Two Years
Good news: Interest rates are basically at zero right now. Even better news: That's likely to remain the case through early 2023 based on information coming from the Federal Reserve board of governors, one economist said this week.
Drought Dominates Crop, Cattle Outlook Moving into Spring
Row crop farmers are expected to plant a lot of acres this spring in an effort to capture value from…
Grain Bin Demand Soars to Highest Levels in a Decade
Grain bin manufacturers are recommending if farmers need grain bins replaced or added to their farms by fall harvest to…
Travel Ban Hampers Custom Harvester Hiring
They already work with an extremely tight domestic labor pool, pushing them to hiring workers from abroad via the H-2A…
Plan Now for ARC, PLC Program Selections
The deadline isn't until March 15, but it's a good idea to start thinking about a key risk management decision for the 2021 crop year now.