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Livestock: Impact of Higher Corn Prices on Cattle Finishing Net Returns
Cattle feed lot. Photo: K-State Research and Extension - Creative Commons Corn price futures for the July 2021 contract (December 2021 contract) increased from $4.68 per bushel ($4.31 per bushel) in early January to $6.93 ($5.83) for the week ending May 14. Moreover, using the iFarm Price Distribution Tool there was a 29.5 percent chance on May 17 that the expiration price for the December corn futures contract will fall be below $4.50 and a 28.9 percent chance that the price will be above $6.00.
Thompson on Cotton: Support in Low 80s, Questions About Planted Acres
Cotton planting. ©Debra L Ferguson Stock Photography New crop prices advanced two cents on the week closing Friday at 83.22. A nice rebound after the prior week’s sizeable selloff. Uncertainties as to the true benefit of rainfall in the Southwest had traders viewing the market as oversold. It appears to have settled into the low 80s, a comfortable trading range while it tries to discern the potential size of the 2021 crop.
Misississippi: Wet Weeks Split State’s Planting Season in 2
Young corn rows. Photo: Kevin Hudson, Mississippi State University Because it is the first crop planted starting in March, Mississippi corn is in much better shape than other row crops struggling with the challenges of wet, cool weather. The U.S. Department of Agriculture released estimates May 16 that indicate 97% of the state’s corn is in the ground, and 83% appears to be in good or excellent condition.
AgFax Weekend: Fertilizers Trending Higher | May Weather Challenges
Ag Trade: China Accelerates Corn Orders From U.S., Farmers in Argentina Prepare to Strike 5-21 Rice Market: WASDE Neutral for Old Crop, Bearish for New 5-17 Shurley on Cotton: Bad Week Hopefully Just a Hiccup 5-17
USDA: Peanut Price Highlights
Photo: Clemson University Peanut prices received by farmers for all farmer stock peanuts averaged 21.6 cents per pound for the week ending May 15, up 0.5 cent from the previous week. Marketings of all farmer stock peanuts for the week ending May 15 totaled 86.1 million pounds, down 24.8 million pounds from the previous week. Runner-type peanut prices averaged 21.3 cents per pound for the week ending May 15, up 0.6 cent from the previous week.
Weekly Cotton Market Review - USDA
Young cotton field. ©Debra L Ferguson Stock Photography Average spot quotations were 518 points lower than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program. Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, and uniformity 81.0-81.9) in the seven designated markets averaged 78.46 cents per pound for the week ending Thursday, May 20, 2021.
Drought Monitor Weekly: Widespread, Heavy Rains Miss Upper Midwest
Summary Troughing over the western CONUS and ridging over the East resulted in strong southerly flow over the Southern and Central Plains, leading to widespread heavy rainfall (0.5 to 3 inches, and more) over portions of the Great Plains, Lower Mississippi Valley, and into western areas of the Corn Belt this week. The heaviest precipitation fell over southeastern Texas and southern Louisiana, where some locations received over 10 inches of rainfall.
Cleveland on Cotton: More Backing Than Filling
Planting cotton in 48-inch rows. In-row subsoiling preceded planting. Photo: Alabama Cooperative Extension More Backing than Filling! The cotton market is at least limping along. The 81-82 cent support level held, and prices are now fighting to get above the 85-cent level. The ceiling at 85 cents is likely noting but glass, but until we are there prices still must defend the 82-cent level. As expressed, many times in numerous ways, the market will blow that glass away.
NOAA Seasonal Drought Outlook - June, July, Aug.
Drought improved across parts of Texas, northeastern Colorado, central Wyoming and the Northeast in the past month due to heavy rainfall, while drought developed or intensified in many parts of California, the Pacific Northwest, Northern Intermountain West, Northern Rockies, and the Carolinas due to increasing precipitation deficits.
Rice Market Update: Farmers Dealing with Heavy Rains, Cooler Temps
Poor weather conditions in the lower delta wreaked havoc on planting this week, dragging out the end of planting in Texas and Louisiana. In fact, so much rain has fallen that there were reports of growers sending seed back and simply collecting prevented planting insurance for the balance of their acres. Arkansas was reported 87% completed in the latest crop progress report, however, growers in the area believe the crop to be closer to 95% planted.
Ag Trade: China Accelerates Corn Orders From U.S., Farmers in Argentina Prepare to Strike
Container ships, San Francisco Bay. Photo: NOAA On Wednesday, Bloomberg writers Daniela Sirtori-Cortina and Breanna T Bradham reported that, “China has tapped the U.S. for more than a third of next season’s expected corn imports, accelerating its pace of buying from the world’s top supplier to fill its growing grain needs. The Asian nation bought about 9.5 million metric tons of U.S. corn from the 2021-22 season so far this month, according to U.S. Department of Agriculture figures.
Georgia Peanut Farmers Donate 70,560 Jars of Peanut Butter to Food Banks
To celebrate the beginning of the 2021 peanut season, Georgia’s 4,500 peanut farmers are donating an additional 50,400 jars of peanut butter to America’s Second Harvest of Coastal Georgia, Feeding the Valley Food Bank, the Food Bank of Northeast Georgia, Golden Harvest Food Bank, and Middle Georgia Community Food Bank through a partnership with the Georgia Food Bank Association.
Global Rice Consumption Increases While U.S. Production Decreases
Rice irrigated with poly pipe. ©Debra L Ferguson The USA Rice World Market Price (WMP) Subcommittee held its second meeting of 2021 yesterday, in what members and guests hope will be the last virtual gathering of the Subcommittee this year. The full WMP Subcommittee met first to discuss supply and demand, rice stocks, and projected plantings.
Texas: Stiles Farm Field Day, Thrall, June 15
Cattle feeding tips for small producers will highlight several topics and crop tours featured at the Stiles Farm Field Day June 15 in Thrall. There is no registration fee to attend. Registration and vendor time will begin at 4:20 p.m. at the Stiles Farm Foundation headquarters, 5700 Farm-to-Market Road 1063.
Grain Transportation: Pacific Northwest Drives Increase in Inspections
Grain storage. ©Debra L Ferguson Pacific Northwest Drives Increase in Grain Inspections For the week ending May 13, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled 2.9 mmt. Total grain inspections were up 13 percent from the previous week, up 37 percent from last year, and up 19 percent from the 3-year average.
Fuel Report: Prices Jump Higher
Diesel, gas pump. ©Debra L Ferguson The U.S. average diesel fuel price increased more than 6 cents to $3.25 per gallon on May 17, 86 cents higher than a year ago. The East Coast and Midwest prices each increased nearly 7 cents to $3.23 per gallon and $3.20 per gallon, respectively, the Gulf Coast price increased more than 6 cents to $3.03 per gallon, the Rocky Mountain price increased more than 5 cents to $3.36 per gallon, and the West Coast price increased more than 4 cents to $3.74 per gallon.
Texas: High Plains Wheat Plot Tour Postponed, Bushland, May 27
Field tour of wheat variety trials. Photo: Kay Ledbetter, Texas AgriLife Extension While Texas A&M AgriLife is once again inviting producers to attend a wheat plot tour in person near Bushland, the original date has had to be postponed to May 27 due to an abundance of rain that will keep everyone out of the field until it dries.
DTN Livestock Midday: Choice, Select Cuts Over $3
Live cattle futures enjoyed seeing a strong export report and higher boxed beef prices, but the rally in corn sends feeder cattle lower into Thursday afternoon. GENERAL COMMENTS: You would think with such excellent demand the live cattle market would be rocking and rolling and wanting to send the day fully higher. But traders know all too well the boxed beef market is soon going to be making a top and they don’t want to get caught in an over-extended position when boxed prices start to fall.
Corn, Soybeans: Anticipating USDA Planted Acreage Revisions in 2021
The size of U.S corn and soybean planted acreage plays an important role in the market outlook for both crops. The USDA released the 2021 Prospective Plantings report on March 31st and this report indicated that U.S. farmers intended to plant 91.444 million acres of corn and 87.6 million acres of soybeans this year. These estimates sent shockwaves through the grain markets.
Cotton - Southwest - Planting Off to Sad Start Due to Weather - AgFax
Welcome to the ninth year of AgFax Southwest Cotton – weekly crop reports covering Texas, New Mexico, Oklahoma, Kansas and Arizona – the nation’s largest cotton-producing area. We’re excited to have you onboard for AgFax’s 31st year of publishing crop newsletters. A big thanks to our exclusive sponsor, PhytoGen, and the region’s many crop advisors for their input in making this newsletter a success.
Iowa Field Reports: Concerns of Frost Damage, Uneven Crop Emergence
Thin soybean stand. Photo: Mike Staton, Michigan State University Planting is starting to wrap up around the state for both corn and soybeans, and according to the May 17 NASS-USDA Crop Progress Report, 94% of the corn has been planted and 83% of the soybeans have been planted. Concerns Iowa State University Extension and Outreach field agronomists heard and saw about this past week included some frost injury in the northern part of the state, uneven crop emergence, and alfalfa weevil larvae.
Louisiana: Acadia/South Farm Rice Field Day, Crowley, June 16
Rice field day presentation. Photo: Bruce Schultz, LSU AgCenter This year, the Acadia Parish LSU AgCenter will again be hosting the Acadia / LSU South Farm Rice Field Day. The date of the field day will be June 16th and we will begin at 8:30am. We will have LSU AgCenter rice specialists give talks regarding rice varieties, agronomics, state update, rice insects and rice herbicides.
Ag Trade: Biden Admin. Commits to Resolving EU Retaliatory Tariffs, Including Rice
Yesterday, President Biden’s U.S. Trade Representative (USTR) Katherine Tai and Secretary of Commerce Gina Raimondo announced with their European counterpart, European Commission Executive Vice President Valdis Dombrovskis, that they are officially working towards an agreement to repeal the Section 232 tariffs on U.S. and European products. The announcement comes just weeks before the three-year anniversary of the tariffs being imposed.
Indiana Soybeans: Seedcorn Maggots Damaging Early-Planted Crops
Seedcorn maggots on soybean seedling. Photo: University of Minnesota Multiple samples of seedcorn maggot damaged soybean seedlings have been submitted to the Purdue Plant and Pest Diagnostic Lab. These damaged seedlings survived the recent snow and freezing temperatures, but not this early season soil pest! Remember that the adult female flies are attracted by rotting organic matter, this gives some clue about where infestations will be severe.
Texas: Estate Planning Seminar, Cleburne, May 21
Photo: Kenishirotie The Texas A&M AgriLife Extension Service will present the next installment of its Landowner Development Program series on May 21 in Cleburne. Estate planning will be the topic of the event, which will start at 1:30 p.m. at the Johnson County Extension Conference Room, 109 W. Chambers St. Cost is $15, payable by card, cash or check at the door. Preregister by calling the AgriLife Extension office of Johnson County at 817-556-6370.
Kansas Net Farm Income Climbed in 2020, Boosted by Rising Grain Prices, Govt. Payments
Early concerns for a tough year on Kansas farms linked to the coronavirus pandemic in 2020 were ultimately alleviated by strong crop yields, dramatically improved grain prices and COVID-19-related government payments, according to the Kansas Farm Management Association. Net farm income for KFMA members climbed to $167,894 last year, up from $108,960 the previous year and the five-year average of $98,282.
Indiana Corn, Soybeans: Heavy Rains Lead to Replant Decisions - Podcast
Indiana Corn, Soybeans: Heavy Rains Lead to Replant Decisions – Podcast May 18, 2021May 18, 2021 By Eric Pfeiffer, Purdue University ©Debra L Ferguson Stock Images Purdue Extension Corn Specialist Bob Nielsen and Extension Soybean Specialist Shaun Casteel are back with another Purdue Crop Chat! On this episode, they discuss last weekend’s heavy rains and the impact it might have on corn and soybeans, when you might start thinking about replant, and how the amount of growing degree days has...
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