Tag Archives: crops

  • Crop progress report
  • Yield information that wasn’t a big surprise to the trade
  • Collusion in grains?
  • China buying more grain as they ramp up hog production
  • Struggles in the cattle market

 

 

  • More bullish on cattle then in the past couple of weeks
  • Cattle coming around
  • Could be less cattle this fall then compared to previous years
  • August 5, 2019 $107.80 not far off from where we are today
  • Weeks…not months to getting caught up.
  • Cash will grind higher the next couple of weeks
  • Packers are willing to take on inventory.
  • COVID & retail trade & exports are amazing.
  • Hogs on the other hand struggle. Another gut punch to the trade
  • Pork product not doing well, which makes the cash market struggle
  • Export hogs are good, just need to get the short term to catch
  • Grains-we will get another round of crop rating.
  • We need to shift from supply to demand.
  • Massive exports to China

 

The latest NASS crop progress report showed a significant jump in several states corn and soybean condition. That resulted in the national conditions continuing to improve. The rains seen across much of the Midwest recently also helped to replenish soil moisture and pasture condition.

The corn crop continues to be ahead in area’s of growth. Nationally corn silking is now 82% complete. That is ahead of the 5 year average of 75%. Nebraska and Kansas both share the same 5 year average for corn silking this week at 80%, but Nebraska is ahead of that at 89% and Kansas is just behind the 5 year average at 79%. Iowa is still trailing Nebraska in corn silking at 87%. That is still ahead of Iowa’s 5 year average of 81%.

Corn entering into the dough stage across the country is rated 22%. That is 5% ahead of the five year average. In the state by state break down; Nebraska corn entering into the dough stage is rated 27%, Kansas corn is rated 36% and Iowa corn is rated 23%.  All of these are 10%-11% ahead of the five year average.

Corn condition nationally increased this week up 3% to 72% good to excellent. That was helped with several states seeing large week to week jumps in corn condition. Nebraska corn increased 9% to 75% good to excellent. Kansas corn improved 6% to 60% good to excellent. Illinois corn may have had one of the largest jumps in condition, up 11% week to week. Illinois corn is now rated 74% good to excellent. Iowa corn did not get the rain that other states got and actually declined in quality this week. Iowa corn is rated 77% good to excellent down 2%.

Soybeans like corn still seem to be staying well ahead of the 5 year average for growth. Nationally soybeans entering the blooming growth stage were rated 76%. That is 4% ahead of the 5 year average. Nebraska soybeans have reached 90% bloom. That is 14% ahead of the 5 year average. Kansas soybeans are now rated 68% in bloom, 10% ahead of the five year average. Heat and dry haven’t slowed Iowa soybeans down. Iowa soybeans are considered 85% bloomed. That is up 10% from the 5 year average.

Soybeans are also steadily setting pods as weather conditions for the most part continue to be favorable. Nationally 43% of the soybean crop has set pods. Nebraska 53% of soybeans have set pods. That is up 20% from the 5 year average. Kansas soybeans setting pods is expected to be around 40%. Almost doubling the 5 year average of 21%. Iowa soybeans are also setting pods on strongly with 50% of the crop setting pods. That is up 12% from the 5 year average.

Soybean condition for the last two weeks has been closely tied to corn. Just like corn nationally soybeans improved 3% to 72% good to excellent. Again Nebraska and Illinois saw one of the largest week to week jumps in soybean condition, both improving 9%. Nebraska soybeans are rated 80% good to excellent. Illinois soybeans are rated 76% good to excellent. Kansas soybeans improved 10% week to week. Now rated 67% good to excellent. Iowa again saw a decline in soybean condition, dropping 6% to 76% good to excellent.

Sorghum unlike corn and soybeans seems to be right on schedule in it’s growth cycle. Nationally 44% of the sorghum crop has set heads. That is even with the 5 year average. Nebraska sorghum is 43% headed out. That is up 11% from the 5 year average.

As for sorghum condition Nationally the crop improved 2% to 53% good to excellent. Nebraska sorghum improved 11% to 53 % good to excellent .

Winter wheat harvest continues to roll on and closed the gap a little to the 5 year average. Nationally the 5 year average is 82% complete for the last week of July. This week according to NASS winter wheat harvest is 81% complete. Nebraska winter wheat harvest is 93% complete, that is up 12% from the 5 year average.That is a stark contrast from the winter wheat harvest of a year ago in Nebraska when the harvest was just 49% complete for the last week of July. Kansas is gathering the last few fringe acres this week with winter wheat harvest considered 99% complete. That is even with the 5 year average.  Northern states like Washington (19%) and Montana (10%) continue behind the 5 year average pace.

The rain finally stopped the continuing decline of Kansas and Nebraska range land. Nebraska pasture and range improved 15% week to week at 60% good to excellent. Kansas pasture and range improved 14% to 52% good to excellent.

Topsoil moisture was also able to recharge with the rains. Nebraska topsoil moisture improved 7% to 59% adequate to surplus. Kansas topsoil moisture improved 9% to 70% good to excellent.

It was a similar story for subsoil moisture. Nebraska subsoil moisture improved 5% to 62% adequate to surplus. Kansas topsoil moisture rose 3% to 69% good to excellent.

Find all the NASS data for crop progress report here: https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/dr26zk433/tq57pc994/prog3120.pdf

Listen to Clay Patton recap the report here:

  • Exports have been good
  • China flooding concerns for their crops
  • Crop ratings come out this afternoon
  • Rains will be hit and miss along with the heat
  • Ethanol demand concerns
  • Impressive on the cattle market to go from cash to futures premium
  • Should we have protection going into August
  • Look at the cattle show list
  • Triple digit losses in both the cattle & the hogs

 

ST. LOUIS (July 20, 2020) — The soy checkoff’s latest collaboration brought Qualified State Soybean Boards (QSSBs) together to maximize the results of checkoff-funded research projects in the most effective way possible: bringing the findings to farmers. The redesigned Soybean Research & Information Network (SRIN) website — soybeanresearchinfo.com — was launched through a joint effort by the North Central Soybean Research Program (NCSRP) and the United Soybean Board (USB) to give farmers a virtual resource full of information and tool kits for more efficient soybean production.

This is a one-stop shop for all the information the checkoff has discovered through farmer investments regarding key problem areas in production, such as tolerance and resilience. Each article on the SRIN website provides insight and explanation on the research findings and links directly to the study in the overall database for further exploration.

“The soy checkoff and QSSBs have worked together to find solutions, best practices and data on key issues and have made that available for all farmers to use,” said Tim Venverloh, USB Vice President of Sustainability Strategy.

The farmer-leaders of USB and QSSBs determine which research is funded — geared toward addressing farmers’ specific and most pressing needs and uncovering opportunities to build profits for soybean farmers.

“I had no idea how much valuable research the checkoff has made possible,” said Lindsay Greiner, USB farmer-leader from Keota, Iowa. “Some of these projects are clear and actionable, such as providing data on what fungicides will provide good disease control based on the most prevalent diseases that can really threaten yield. There doesn’t seem to be a limit for how far it can go to help our industry.”

Tolerance and resilience are two issues farmers know too well, and they have been the focal points for the latest research. Additional projects have sought to combat all sorts of challenges, from obstacles associated with unpredictable weather patterns to insect management and variety performance. Some of these research projects include:

“There’s always things that come up that we’ll have questions about, and it’s good to know right away what resources we have available,” said David Nichols, a USB farmer-leader from Ridgely, Tennessee. “It’s even better to have it in what I call ‘turn row terminology’ — in the language farmers can understand and put to use.”

And the work doesn’t stop at the creation of the website. The soy checkoff continues its investments in new research toward new best practices, solutions to problems and innovations to help farmers contend with rising challenges.

“The state and national checkoff programs working together helps take every investment further and, overall, get more done,” said Greiner.

To learn more about the latest research and the soybean industry, visit soybeanresearchinfo.com or unitedsoybean.org.

Lincoln, Nebraska — A University of Nebraska–Lincoln entomologist has received nearly $430,000 for research that could lead to a better understanding of sorghum’s natural defenses against fall armyworm.

 Joe Louis, associate professor in the university’s departments of entomology and biochemistry, received the funding through a three-year grant from the U.S. Department of Agriculture’s Agriculture and Food Research Initiative competitive grants program.

 Sorghum is one of the world’s most important crops and is grown for both grain and bioenergy. Fall armyworm — the larval stage of the fall armyworm moth — is one of the most devastating pests affecting grasses in the Americas, Louis said. Recently, it has become an invasive pest in Africa, as well.

 Fall armyworm feeds on plants belonging to more than 75 plant families, including sorghum, and infestations at critical stages of sorghum development can reduce grain yields by 55% to 80%. In addition, the continued reliance on insecticides and transgenic crops has led to the loss of insect resistance in field-grown crops. In sorghum, the extent of genetic variation and defense responses against fall armyworm are largely unknown, Louis said. His research will look at the natural variation in different lines of sorghum, which could shed light on the underlying mechanisms of sorghum resistance or susceptibility to fall armyworm.

 At the same time, Louis and his team will look at how the pests overcome plants’ natural defenses. Salivary components — for example, salivary proteins — found in fall armyworm saliva can actually reprogram host plant cells and how they behave, he said.

 “In addition to the plant defenses, we will also monitor how insects utilize counter-defenses to overcome the innate plant defenses,” Louis said. “Thus, this project will also extend the known repertoire of herbivore elicitors in overcoming plant defenses.”

 Louis will serve as the project director and will work with Richard Boyles, a sorghum breeder and geneticist at Clemson University. Boyles will help with mapping the genetic variants in sorghum that are associated with resistance to fall armyworm. 

 Ultimately, Louis hopes the research unlocks the mystery of sorghum’s natural defenses against fall armyworm, as well as how the fall armyworm overcomes them. Eventually, Louis’ work could be used to develop armyworm-resistant varieties of sorghum or other environmentally friendly strategies of pest control.

 “I’m very grateful to USDA/AFRI for supporting this multidisciplinary work,” Louis said. “This work is quite timely given the serious outbreaks of fall armyworm in various parts of the world.”

  • Mother nature reminds folks of who’s in charge with the weather forecast
  • USMCA is official today
  • More perspective of yesterday’s report.
  • Shortened trade week with markets closing at noon on Thursday
  • Some heave short positions as you compare 2019->2020
  • Demand from China for corn & soybeans
  • Hog disease that has popped up on the news circuit
  • China blocking more countries from shipping meat

 

Bayer announced Wednesday that the company has reached a series of agreements to substantially resolve major legacy Monsanto litigation, including the U.S. Roundup product liability litigation and a separate agreement to resolve pending dicamba drift litigation.

Bayer will make a total payment of $10.1 billion to resolve current and address potential future Roundup litigation, and also resolves dicamba drift litigation for payment of up to $400 million and most PCB water litigation exposure for payment of approximately $820 million.

Chris Turner, U.S. Country Division Head for Bayer explains what this means for growers

According to Bayer, the main feature is the U.S. Roundup resolution that will bring closure to approximately 75 percent of the current Roundup litigation involving approximately 125,000 filed and unfiled claims overall.

Bayer CEO Werner Baumann adds, “As we work to put this major litigation behind us, Bayer can set a course for the future and tackle the global challenges we face in both health and nutrition.”