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DTN Cotton Open: Higher on Weather, Grains
©Debra L Ferguson Stock Images The cotton market is higher Tuesday morning as high heat and dry conditions are plaguing the Southeast and Mid-Atlantic states. For the past few days the Georgia thermometer has registered above 100 degrees, with literally no rain in sight. This coming weekend has rain chances at only 30% for Friday and Saturday, but the temperatures will remain well into the upper nineties. The flip-side of the weather is Texas. It continues to receive copious amount of rain.
DTN Grain Open: Higher As Forecast Stays Wet
Young corn field. Photo: University of Illinois 6:00 a.m. CME Globex: July corn is up 10 1/2 cents, July soybeans are up 14 1/2 cents, and July K.C. wheat is up 19 1/2 cents. CME Globex Recap: Global equity markets are mixed to weaker overnight following a generally positive showing while the United States was on holiday.
DTN Livestock Open: Increased Volume Likely
With traders stepping back into the complex following the long holiday weekend, additional volatility is likely given the wide hog market swings late last week.
California Cotton: Widespread Haul Damage - 6 Criteria To Make A Replant Decision
We have had some unusual weather so far in 2019, with repeated cool spells, thunderstorms and rain, and within the past week (from 5/24), some widespread locations pelted by hail. While hail damage can be a fairly common late-spring and early-summer occurrence in many cotton production regions across the U.S., it is an infrequent problem here in the San Joaquin Valley.
Arkansas Rice: Market Facilitation Program - Plenty Of Unknowns
We are working hard to interpret the second round of Market Facilitation Payments (MFP). Growers have a number of questions about payment limitations and payment rates. As far as we can tell, the second round of MFP payments is only made if a program crop is planted and up to 2018 acreage levels. Though this may change, it appears prevent plant acres will not receive a payment. There are no individual payment rates for each crop in this round of MFP, but rather a single payment rate per county.
California Almonds - Rain Persists, Fungicide Decisions In Play - AgFax Tree Crops
OVERVIEW More rain – that’s been the overriding factor in almond country over the last week. Rainfall amounts have been more like you’d expect in Louisiana in late May. Rain also was in the forecast for the weekend as we closed out this issue on Saturday morning. After this next system, temperatures are supposed to heat up, at least a bit. Fungicide decisions are being made on a wide basis.
DTN Cotton Close: Higher on Shorts Covering
Texas no-till cotton in corn residue. Photo: Larry Stalcup, AgFax Media The cotton market staged another bullish session Friday, as speculators covered additional positions ahead of the three-day Memorial weekend. Although the December contract is up about 1.25 cents for the week, it roughly down some 8.00 cents for the month, with the final week of May being next week.
Cleveland on Cotton: U.S. Textile Supply Chain Leaving China
Cotton prices had a plus week with December gaining 121 points going into the weekly close at 67.55. The market found solid support all week as mills were active with price fixations and excellent sales of both old crop and new crop. Mills have demonstrated a conscious effort to fix prices now that trading has been below 68 cents. There has been no need to chase prices higher. The 65-67 cent support level held the past two weeks. Look for that price range to maintain its excellent support.
Drought Monitor Weekly: Southeast Dry; More Rains, Floods Elsewhere
Summary A series of Pacific upper-level weather systems, and their associated surface lows and fronts, moved across the contiguous U.S. (CONUS) during this U.S. Drought Monitor (USDM) week. These systems dropped half an inch or more of precipitation across much of the West, Plains, and Midwest, as well as parts of the Northeast. Heavy rains of 2 to 4 inches, or more, fell across parts of California, especially the upslope regions.
USDA: Peanut Price Highlights
Photo: Nick McMichen Peanut prices received by farmers for all farmer stock peanuts averaged 20.1 cents per pound for the week ending May 18, up 0.1 cent from the previous week. Marketings of all farmer stock peanuts for the week ending May 18 totaled 64.7 million pounds, up 59.1 million pounds from the previous week. Runner-type peanut prices averaged 19.8 cents per pound for the week ending May 18, down 0.2 cent from the previous week.
Midwest Corn: How Will Late Planting Affect Acreage, Yield, Marketing?
USDA’s release of the Crop Progress report on May 20 showed corn planting at 49 percent nationally. The planting progress in numerous major corn producing states lags behind historical averages significantly. The implications for corn acreage and yield are potentially large in 2019. The purpose of this article is to explore the implications of late planting on corn acreage and yield and investigate the consequences for the corn balance sheet in the 2019-20 marketing year.
Trade Aid Details Released - “A Little Band-Aid for a Big Problem”
Photo: U.S. Grains Council Wall Street Journal writer Josh Zumbrun reported on Thursday that, “The Trump administration said it would spend $16 billion to offset the impact on American agriculture from the trade conflict with China, with most of the money taking the form of direct payments to U.S. farmers. “The move Thursday followed a breakdown in talks earlier this month between Washington and Beijing.
Arkansas: Dicamba - May 25 Is Cutoff for Spray Applications
Herbicide application in soybeans. Photo: ©Debra L Ferguson May 25 marks the last day for Arkansas growers to apply the herbicide dicamba to crops in the state, per a ruling from the Arkansas State Plant Board earlier this year. The herbicide is primarily used to control Palmer amaranth, commonly known as pigweed, in soybeans and cotton that have been genetically modified to tolerate the chemicals.
DTN Grain Close: This Rain Ain’t Makin’ Grain
Corn seedlings under high moisture conditions. July contracts of corn, soybeans and all three wheats closed higher Friday and were higher on the week as corn planting difficulties persist in 2019. Outside markets were also mostly supportive for grains with the June U.S. dollar index trading down 0.26. Midday: Trade is broadly firmer with storms working through much of the Corn Belt again.
Weekly Cotton Market Review - USDA
Average quotations were 32 points higher 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 61.55 cents per pound for the week ending Thursday, May 23, 2019.
Beef Checkoffs Unconstitutional Says Cattle Group - DTN
Photo: Texas AgriLife Extension A cattle interest group has asked a federal court to declare unconstitutional 15 state beef checkoff programs, in a motion filed this week.
Midwest Corn: Injury, Disease, Pest - Do You Need to Replant? - DTN
Corn seedlings breaking through during wet conditions. Tire tracks in backround. ©Debra L Ferguson With so much of the planting season left ahead of farmers this spring, it can be hard to focus on the few corn acres that are in — but they need your attention. One grower told AgriGold agronomist Brandon Nystrom his cornfield looked great from the road — he could see uniform green rows streaking past his windshield at 55 mph. But when Nystrom walked deep into the field, another picture emerged.
Trade Aid: Pres. Trump Allocates $16Bln to Farmers
Photo: U.S. Grains Council U.S. Secretary of Agriculture Sonny Perdue this week announced that the USDA will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption. The President has authorized USDA to provide up to $16 billion in programs, which is in line with the estimated impacts of unjustified retaliatory tariffs on U.S. agricultural goods and other trade disruptions.
Louisiana Crawfish: 6 Tips for Stocking Rice Fields
The cool weather we had in March and April delayed the growth of young rice and thus has delayed crawfish stocking. Some fields won’t be ready to stock until the middle of June. Survival of the brood stock is critical in order to populate the pond with crawfish in the fall. The following are a few tips that may help. The rice stand needs to be dense enough and have at least 4-6 inches of water before you add crawfish to the field.
Georgia Peanuts: Why the Higher Acephate Rate for Thrips?
Thirps damage in peanuts. Photo: Ayanava Majumdar, Auburn University Over the years several folks have asked why there is a difference in the recommended rate of acephate for cotton (3 oz/acre) and peanut (6-12 oz/acre). I applied acephate (97) at 3, 6, or 12 oz/acre to peanut on 10 May (16 days after planting). The pictures below were taken on 21 May. A = untreated check, B = 3 oz acephate/acre, C = 6 oz acephate/acre, and D = 12 oz acephate/acre.
Indiana Farm Bureau Survey - Trade Situation Is Jeopardizing Farmers
Indiana Farm Bureau recently conducted an online survey of farmer members to gauge how the ongoing trade conflicts and increasing tariffs are impacting their operations. The survey received submissions from farmers across the state. According to survey data, 72% of respondents said the current trade environment’s impact on commodity prices is jeopardizing their farm operation.
World Rough Rice Prices Jump Higher
The Department of Agriculture’s Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2018 crop, which will become effective today at 7:00 a.m., Eastern Time (ET).
Glyphosate Suits: Not So Much What The Science Says But What Jurors Think It Says
A jury recently returned a verdict awarding a California couple $2.055 billion (yes, billion) in damages after the couple alleged that the glyphosate in Roundup caused their cancer. This is the third California jury to be convinced that the Monsanto herbicide, which was acquired by Bayer last year, caused or substantially contributed to a cancer diagnosis of non-Hodgkin lymphoma.
Alabama Cotton: High Thrips Pressure in Northern Counties
Thrip damaged cotton. The cool nights and lower cotton seed vigor has slowed cotton seedling growth making the young cotton plants more susceptible to thrips injury and potential yield loss. They also may delay maturity and this is a deep concern for north Alabama growers. The cotton thrips model (here) continues to forecast heavy thrips pressure in Cherokee County and the Tennessee Valley from mid-to-late May (see attachment with the darker the red indicating heavier thrips pressure).
Texas High Plains Cotton: Time to Scout for Thrips, Wireworms
Wireworms. Photo: University of Nebraska-Lincoln With the cotton planting in full swing and the early-planted crop making its way up, it is time to begin scouting for early-season insect pests. Wireworms are a growing problem in the region especially in fields with reduced tillage and those following grain crops. Wireworm larvae damage cotton by feeding on the root, hypocotyl (stem of the germinating seedling), and cotyledon of plants before emerging from the soil.
Alabama: Growing Industrial Hemp - 8 Points You Absolutely Need to Know
Industrial hemp growing under irrigation. Photo: Colorado Department of Agriculture Update on growing industrial hemp from Kassie Conners, Alabama A&M, Auburn Diagnostic Lab: Industrial hemp plants are allowed to be sold based on the Tetrahydrocannabinol (THC) content of the mother plants Everything about the hemp plant’s environment can alter the THC content in the plant. The plant material currently planted in Alabama is coming from out of state, meaning it’s a different environment.
Major Crop Export Growth is No Guarantee of Profits - Here’s Why - Commentary
Grain bins with corn field in the background. ©Debra L Ferguson Despite the early May hope that the US and China would come to an agreement on trade that would end China’s retaliatory tariffs on agricultural imports from the US, nothing is on tap as we write this column. In what appears to be an attempt by the administration to pressure the Chinese into a deal by announcing additional tariffs on Chinese goods, the Chinese did not blink. Instead they headed home.
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