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Articles by Texas Corn
Webinar: March Corn, Soybean Outlook Update - March 10
©Debra L Ferguson Stock Photography Purdue ag economists Michael Langemeier, Nathanael Thompson, and James Mintert will host a free Corn and Soybean Outlook webinar next Wednesday (March 10) at 12:30 p.m. (EST). The webinar follows the release of the United States Department of Agriculture’s March Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
Arguments for Raising Minimum Wage, Commodity Loan Rates Greatly Overlap - Commentary
One of the more contentious elements of the Biden $1.9 trillion coronavirus stimulus plan, besides its sheer size, is raising the minimum wage for all covered, nonexempt workers from its current level of $7.25 per hour to $15.00 per hour. Before reacting, let’s step back a little and look at the issue a little more deeply. The proposed increase will not be done in one step but will be increased over time from the present level to $15.00 per hour, giving small businesses time to adjust.
Texas Wheat: How Bad Is the Freeze Damage?
Wheat a week after 3 subfreezing nights. Photo: Justin Ballew. The cold temperatures in Texas in February’s cold snap range from as low as -12° F in the Panhandle to mid-single digits as far south as the Austin region. A few locations in Texas set all-time low records (Tyler, TX for one). Lubbock recorded -6° F, only the third time below 0° F since 1980, and the coldest since 1963.
Texas Corn, Sorghum: Freeze Injury, Low Temperature Stress, and Chill Injury
Corn seedling with arrested development, likely due to imbibitional chilling. Photo: Bob Nielsen, Purdue University Recent cold weather has affected newly planted, emerging or emerged corn or sorghum throughout south and central Texas. Corn and sorghum will experience similar types of injury although tolerance to low temperatures does differ between the crops to some degree. Sorghum generally requires warmer soil temperatures.
Kansas Wheat: Growers Urged to Look for Yellowing in Fields
Yellowing in wheat fields could be a sign of disease, or it could be an indication of a deficiency in nitrogen or sulfur. Photo: Kansas State University A Kansas State University wheat expert says that yellowing in some Kansas wheat fields is not uncommon for this time of year, but growers should be aware of steps they should be taking if they are seeing the condition.
Texas Corn: New Lines Released for Use in Commercial Hybrids
Texas corn producers will have hybrids better suited to the state’s longer growing season and multiple stresses in the future after a Texas A&M AgriLife team from across the state released five new lines bred specifically for that purpose.
Texas Bt Corn: Resistance in Rootworms - What Can You Do?
The August 25th edition of this newsletter discussed how our mCry3a Bt corn was no longer able to control western corn rootworm in an area from Hart, Texas, north to the top of the Panhandle. In that newsletter, even though we were seeing all of the classic signs of resistance, I used the term “probable resistance”, only because our laboratory assays on field collected beetles will not be completed until next year.
Ag, Ethanol Groups to Trump - We Need Relief Now, Not Later - DTN
Corn pouring out of an auger during harvest. Photo: ©Debra L Ferguson Stock Photography Leaders of several agriculture and ethanol groups on Wednesday appealed to President Donald Trump to immediately approve year-round sales of E15 and to reallocate Renewable Fuel Standard small-refinery waivers to larger refiners. Agriculture and ethanol interests have pressed Trump for the better part of a year to make the changes.
USDA Yield Estimate: Soy and Corn - Big Crops Getting Bigger - DTN
Soybean harvest. ©Debra L Ferguson Big crops keep getting bigger, according to USDA’s latest yield estimates. The agency’s forecast for corn yields increased by 2.9 bushels per acre while soybean yields grew by 1.2 bpa. The national average corn yield is now estimated at 181.3 bpa with production totaling 14.8 billion bushels. The yield and production estimate came in above the range of pre-report estimates.
DTN Livestock Open: Mixed Trade Likely
Limited direction is expected early Friday morning as most traders will focus their attention elsewhere. The impact of Hurricane Florence will likely have a huge impact on all markets through the end of the week.
DTN Grain Open: Mild Gains to Finish Soft Week
6:00 a.m. CME Globex: December corn was up 1, November soybeans were up 3 1/2, and December K.C. wheat was up 5 1/2. CME Globex Recap: Mostly better international equity markets to close the week although the US will be focused on Hurricane Florence this weekend and the aftermath it generates. Grains can bounce into the weekend but sentiment and money flow remain negative across the board.
Ag Law in the Field: Tips for Negotiating an Oil, Gas Lease - Podcast
Negotiating an oil and gas lease can be complex and confusing. Today, Nicholas Miller is here to help offer some practical advice and tips for mineral owners who may be negotiating a lease agreement. Nicholas walks us through how the leasing process typically works, what terms are usually contained in the offer letter and a lease form, and how he approaches negotiations.
DTN Livestock Close: Mixed Trade Stabilizes Futures
Livestock futures bounced back from early lows, but a lack of trade interest combined with aggressive gains at midday has led to uncertainty through the market. Continued outside market pressure is adding to the uncertainty. Cash cattle trade is undeveloped at this point Thursday afternoon with packers showing more interest as the week has continued, but doing very little to improve bids so that feedlot managers may become more interested.
Oklahoma: Unwanted Pesticide Disposal Program, Woodward, Sept. 26
Pesticide applicators and dealers, homeowners, farmers, ranchers and gardeners are invited to participate in an Unwanted Pesticide Disposal Program from 8 a.m. to 1 p.m. Sept. 26 at the Woodward County Fairgrounds. Funded by the Oklahoma Department of Agriculture, Food and Forestry, the program will allow Oklahomans to properly dispose of unwanted pesticides at the event. This valuable service will reduce the complications and costs often associated with pesticide disposal.
DTN Cotton Close: Market Lower Absent of Bullish News
December Cotton settled markedly lower Thursday as concrete bullish news is in short-supply. To a degree, the market has preemptively dialed in the potential losses of Hurricane Florence. Additionally, Hurricane Isaac has been downgraded to a tropical storm, and for the moment seems to be less of a threat. Other bearish news would include Thursday morning’s weekly sales and exports. That report revealed slow to dismal cotton business is occurring.
DTN Grain Close: Investor Selling Weighs on Commodities
It was a risk-off day for commodities on Thursday, with energy, metals and grains under pressure, the latter still feeling the sting of Wednesday’s bearish USDA report. This is despite the U.S. dollar index that reached two-week lows on weaker-than-expected inflation data. Hurricane Florence has been downgraded, which has eased concerns in the crude oil market. Equities are trading higher. Midday: Trade is lower at midday after mixed overnight and early morning change.
Americot Announces New Hires In Texas Market
Americot, Inc. has announced three new hires, Lucy Carmichael, Daniel Nix and Dusty Parker. Lucy Carmichael, marketing coordinator, supporting our sales teams and customer marketing activities throughout the Cotton Belt. She is based in Lubbock, Texas. She holds a degree in advertising, with a minor in agriculture communications from Texas Tech. Growing up in Haskell, Texas, Carmichael comes from an agricultural family, both on the cotton side, as well as cattle ranching.
DTN Livestock Midday: Market Stability Develops
Buyer support has attempted to trickle into early losses across livestock futures. This is keeping prices mixed in a narrow to moderate range. Trade volume is expected to remain sluggish through the remainder of the session. Mixed livestock trade has offset early morning pressure as increased trader activity seems to have brought some calmness to the complex.
DTN Grain Midday: Lower Following Mixed Trade
Trade is lower at midday after mixed overnight and early morning change. Corn trade is 1 to 2 cents lower with trade holding support at the previous low by a quarter cent on the December contract, but we remain near the contract low at midday. Outside markets are providing light spillover pressure. Early harvest should begin to expand with SE Nebraska/NE Kansas/NW Missouri seeing more progress.
DTN Cotton Open: Lower on Crop Data, Storm Weariness
Overnight December cotton is trading lower with a supply-demand hangover. Yesterday, USDA increased the U.S. crop by some 560,000 bales, from 19.22 to 19.68 million bales, in its monthly supply-demand report for September. However, industry expectations were calling for reduced production. Although USDA did lower its yield-per-acre, it also increased total acres, as well as hiking domestic and world carryouts.
Farm Safety: Understanding Grain Bin Hazards - Videos
Farm Safety: Understanding Grain Bin Hazards – Videos Posted on September 13, 2018 By North Carolina Cooperative Extension Safety harness in grain bin. Grain bins pose serious risks to farmworkers and their families. Watch this video, created by N.C. Cooperative Extension Agent Paul Smith, Jr., demonstrating the dangers associated with working or playing in a grain bin.
DTN Livestock Open: Early Price Support Expected
Early follow-through buyer support is expected Thursday morning. This is likely to spark some additional underlying activity through the entire complex. But the recent gains may allow for widespread volatility through the end of the week.
DTN Grain Open: Mixed Trade with Harvest on Tap, WASDE in Rearview
6:00 a.m. CME Globex: December corn was up 1 1/4, November soybeans were down 4, and December K.C. wheat was down 1 3/4. CME Globex Recap: Global equity markets are higher this morning on the prospect of renewed Chinese/US trade talks. Energy markets are taking a breather after the Hurricane Florence run-up. Mixed trade in the grain room with the path of least resistance still lower.
DTN Livestock Close: Trade Explodes Higher
Strong gains quickly developed in all livestock trade with cattle and hog futures holding triple-digit gains in nearby contract months. This is helping to calm some fears that additional weakness may trickle through the market in the near-term. Cash cattle trade is still undeveloped, although packer interest has improved through the day Wednesday. Bids are seen at $168 to $170 per cwt dressed basis, although most bids are at $168 per cwt dressed. Live bids are holding at $106 per cwt.
Global Markets: Rice - Venezuelan Purchases Up, Mostly Sourced from Brazil
In the first seven months of 2018, Venezuela has imported more rice than all of 2017. Purchases were particularly large ahead of the May 2018 elections. The suppliers to Venezuela are markedly different than they were in past years. Typically, the United States has been the largest supplier of paddy rice.
Global Markets: Soybeans - Share of Brazil’s Exports to China Spikes in August
The share of Brazil’s exports destined for China rose to 85 percent in August, 7 percentage points above the previous month. This increase is due to a turn to Brazilian sources by China following the implementation of duties on U.S. soybeans. This has resulted in higher prices for Brazilian soybeans that discouraged purchases by importers other than China. This trend seems likely to continue and may strengthen in the coming months.
Global Markets: Corn - EU Imports to Rise Even Higher
EU corn imports are now forecast to reach another record in 2018/19 based on several factors. First, the supplies of key feed grains are limited in the domestic market. Wheat supplies in the European Union and Black Sea region are very tight, triggering additional demand for alternative feed grains.
Global Markets: Wheat - Australian Exports Forecast Lowest in a Decade
Australian 2018/19 wheat exports are forecast at 14.0 million tons (July-June trade year), the lowest since 2009/10, due to less production from drought-stricken Queensland and New South Wales. Wheat production is forecast at 20.0 million tons for 2018/19, which would be the lowest since 2007/08. As Australian supplies become tighter, prices have been climbing to levels significantly higher than those of other global exporters.
Global Markets: Cotton - U.S. Drives Ag Export Growth in Southeast Asia
Cotton is helping drive record U.S. agricultural exports to Southeast Asia. Over the last 5 years, higher exports of cotton have accounted for over two-thirds of the total growth in U.S. agricultural exports to the region. For 2017/18, cotton was the leading export (value) to Vietnam and second-highest to Indonesia and Thailand.
DTN Cotton Close: Market Recovers From Steep Decline
December Cotton staged a late session rally after suffering punishingly bearish supply-demand data. Traders were expecting a small decline in U.S. production, but such was not the case. The government agency saw fit to raise the domestic crop some 445,000 bales. Additionally, U.S. ending stocks increased by 100,000 bales. The world carryout saw a 360,000 bale increase. Interestingly Brazil’s exports were up 200,000 bales, no doubt an unintended consequence of the U.S./China trade war.
WASDE Oilseeds: Record High Domestic Soybean Production
U.S. oilseed production for 2018/19 is projected at 138.4 million tons, up 2.9 million from last month with higher soybean and cottonseed production forecasts partly offset by a lower peanut forecast. Soybean production is projected at a record 4,693 million bushels, up 107 million on a record yield forecast of 52.8 bushels per acre. Soybean supplies are raised with higher production only partly offset by lower beginning stocks.
WASDE Cotton: Increased U.S. Production, Exports, Ending Stocks
The 2018/19 U.S. cotton estimates include larger production, exports, and ending stocks relative to last month. Production is raised 447,000 bales, with increases in the Southwest, Delta, and Southeast. Beginning stocks are revised 100,000 bales lower based on indicated stocks as of July 31, 2018, while domestic mill use is reduced slightly in 2017/18 based on recent activity. The 2018/19 export forecast is raised 200,000 bales.
USDA Crop Production: Corn, Cotton, Soybeans All Up from Aug. Forecast
Corn production is forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. Based on conditions as of September 1, yields are expected to average 181.3 bushels per acre, up 2.9 bushels from the August forecast and up 4.7 bushels from 2017. If realized, this will be the highest yield on record for the United States. Area harvested for grain is forecast at 81.8 million acres, unchanged from the August forecast, but down 1 percent from 2017.
WASDE Coarse Grains: Higher U.S. Corn Production Offsets Increased Demand
This month’s 2018/19 U.S. corn outlook is for larger production, increased domestic use, greater exports, and higher ending stocks. Corn production is forecast at 14.827 billion bushels, up 241 million from last month on an increased yield forecast. If realized, the crop would be the second highest on record. Among the major producing states, yields are forecast to be record high in Illinois, Iowa, Nebraska, Indiana, Ohio, and South Dakota.
WASDE Wheat: Global Stocks Raised
The U.S. 2018/19 wheat supply and demand estimates are unchanged from last month. There are offsetting by-class changes for both exports and imports. The season-average farm price range is unchanged at the midpoint of $5.10 per bushel and the range is narrowed $0.20 per bushel to $4.70 to $5.50. Global wheat supplies for 2018/19 are raised 4.7 million tons on a 3.4-million-ton production increase and higher beginning stocks.
DTN Grain Close: Mixed Following Bearish Report
Wednesday’s USDA report was viewed as bearish for wheat, corn and soybeans while the USD index showed weakness. Outside commodities, such as gold and crude oil, traded higher, with crude reacting to supportive inventory data along with concerns of disruptions tied to Hurricane Florence. Midday: Wheat higher, corn and soybeans slightly lower ahead of the report release. Corn trade is 1 to 2 cents lower at midday with trade working sideways ahead of the WASDE report at 11.
DTN Livestock Close: Markets Rally Higher
Aggressive support has quickly moved into all livestock markets with triple-digit gains holding in nearby cattle and hog futures. There continues to be additional buyer support moving into the market following additional corn market weakness following the USDA report. Triple-digit gains have quickly flooded back into the complex. Feeder cattle futures are the most aggressive, with prices in nearby September and October futures holding gains above $2 per cwt.
World Rough Rice Prices Unchanged
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). Rough rice prices for both long grain and medium/short grain remain unchanged from the previous announcement.
DTN Grain Midday: Corn, Soybeans Tick Lower Ahead of Reports
Wheat higher, corn and soybeans slightly lower ahead of the report release. Corn trade is 1 to 2 cents lower at midday with trade working sideways ahead of the WASDE report at 11. Early harvest should begin to expand where the rains moderate with much of the belt drying back out this week with warmer temperatures with significant drying needed in some areas with more action likely towards the weekend.
Midwest Spring Wheat: Decent Harvest - What About Ergot? - DTN
The drought-stricken spring wheat harvest of 2017 is now a distant memory, as farmers overall reported a decent harvest in 2018. But some did face roadblocks along the way. Farmers in North Dakota, South Dakota, Montana and northwest Minnesota had to wait for the late-spring snow to melt and the ground to thaw, as the calendar days for planting slipped away.
Texas Wheat: Extension Variety Picks for 2018-19
Texas A&M AgriLife staff in College Station, Amarillo, Vernon and Lubbock have designated our annual wheat grain variety “Picks” for the 2018-2019 season for four distinct variety testing regions of Texas. These are the High Plains, Rolling Plains (Chillicothe/Vernon region in the north to south of Abilene), Blacklands & Northeast Texas, and South Texas.
DTN Cotton Open: Market in Lock-Down Amid Storms, USDA Report
December cotton is essentially unchanged over night, awaiting marching orders from either Hurricane Florence, USDA’s crop data or both! As of this writing, Florence is turning a tad south and may possibly make landing Saturday morning above Charleston, South Carolina. Such a move would possibly effect “less cotton” as it may barrel into eastern Tennessee and North Georgia. In other storm news, Hurricane Issac and a different Gulf Swirl bear close watching.
DTN Livestock Open: Continued Pressure Likely
Light to moderate pressure is expected early Wednesday, despite limited volume may keep trade mixed in a narrow to moderate range. Most of the focus Wednesday will be shifted to the grain complex as traders look toward the USDA crop production and supply and demand reports.
DTN Grain Open: Mixed Markets, WASDE on Tap
6:00 a.m. CME Globex: December corn was down 1, November soybeans were down 4 3/4, and December K.C. wheat was up 2 3/4. CME Globex Recap: Mixed equity markets but firmer energy markets as US fuel demand spikes ahead of Hurricane Florence. Grains await WASDE at 11:00am CDT with soybeans closing in on contract lows.
DTN Livestock Close: Price Weakness Develops
Light-to-moderate pressure was seen in all livestock trade Tuesday as traders remain unable or unwilling to step back into the complex. Limited new information left traders focused on sluggish market activity and further price pressure. Cash cattle markets are generally quiet with very limited movement through the day Tuesday. There have been a few token bids develop late Tuesday afternoon in the North with bids at $168 to $170 per hundredweight (cwt).
Arkansas: Gordon Prompts Accelerated Rice Harvest; Cotton Boll Rot Fret
Rice harvest in Arkansas accelerated last week, spurred by the approach of Tropical Storm Gordon’s remnants, and this week, farmers are hoping for dry weather to get cotton bolls open and combines into the soybean fields. “Rice harvest progress jumped from 20 percent to 33 percent last week with only a few days of real harvest opportunity,” Jarrod Hardke, extension rice agronomist for the University of Arkansas System Division of Agriculture, said on Tuesday.
Arkansas Field Reports: Harvest Progresses Around Gordon
Crop Progress and Condition for the Week Ending September 9, 2018. Russ Parker, Crittenden County “The county received a good rain over the weekend with some reports of up to three inches. Harvest will be delayed a few days while the ground dries. Harvest yield reports are above expectations in many cases. Cotton defoliation has been initiated on most mature fields.” Kevin Lawson, Faulkner County “Producers worked long hours harvesting corn and rice in anticipation of Tropical Depression Gordon.
Virginia Field Reports: Limited Peanut Harvest Begins
Crop Progress and Condition for the Week Ending September 9, 2018. REPORTER COMMENTS BY COUNTY – Comments are based on remarks made by extension agents, farmers, commodity specialists, and other knowledgeable individuals. ROCKINGHAM (Doug Horn) Four days above 90 degrees to start the week. Rains started Friday afternoon and continued through the weekend. A lot of corn silage has been harvested. Cover crops are being planted after silage harvest.
Louisiana Field Reports: Heavy Rains Slow Harvest
Crop Progress and Condition for the Week Ending September 9, 2018. Vincent Deshotel, Saint Landry Parish “Recent rains slowed any progress with planting sugarcane and harvesting soybeans. Most of the rice, corn, and grain sorghum crops been harvested. Pastures and hay fields are seeing some relief from recent rains. Some fall land preparation for spring planting is taking place where field conditions will allow.
Mississippi Field Reports: Harvest Charges Ahead Where Rains Allow
Crop Progress and Condition for the Week Ending September 9, 2018. Suzanne Marie Rogers, Itawamba County “We did get some rain from the latest tropical system. However, it was not a wash out. Hopefully, it will be enough to help our producers.” Reid Nevins, Lowndes County “Corn harvest was almost complete with harvest of soybeans and cotton beginning to ramp up now into the next several weeks.
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