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Owen Taylor, Editor Here is this week’s issue of AgFax Rice, sponsored by the Southern rice team of Corteva Agriscience. Subscribe OVERVIEW Better planting conditions? Hotter weather and […] (full story) |
President Trump says he is standing by America’s farmers. He was joined by farm organization leaders, state agriculture secretaries, and Secretary Sonny Perdue as he told reporters China has targeted farmers in the trade dispute, and another round... (full story) |
 The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story) |
Guidance systems use global positioning system (GPS) coordinates to automatically steer farm equipment like combines, tractors, and self-propelled sprayers. This helps reduce operator fatigue and pinpoint precise field locations within […] (full story) |
The trade conflict between the United States and China, which began brewing early last year pulled U.S. corn prices down an average $0.20 per bushel per month in the first […] (full story) |
If there’s one thing for certain in farming, it’s that you can never really predict the weather. Kansas State University cropping systems specialist Ignacio Ciampitti says this spring’s conditions have […] (full story) |
Grain Barge Shipments Remain Low, While Upbound Fertilizer Movements Increase Barge shipments of grain transiting Mississippi River Locks and Dam 27 (above St. Louis, MO), Arkansas River Lock and Dam […] (full story) |
Many ag groups say they are pleased there will be another round of support for farmers impacted by trade disruptions, but more must be done. National Association of Wheat Growers CEO Chandler Goule was at the White House today for the announcement.... (full story) |
As a response to the U.S. lowering import duties last week on Turkish steel and aluminum from 50 to 25 percent, the Government of Turkey published an official announcement yesterday […] (full story) |
Wheat futures settled Thursday with MPLS contracts 7 to 9 1/2 cents lower, as KC was down 1 to 7 cents. CBT was down 1 to 2 1/2 cents in the front months but saw gains in the deferred contracts. Wheat is also on the list for this round of MPF payment... (full story) |
Soybean futures ended the Thursday session with most nearby contracts 7 to 7 1/4 cents lower. July soy meal was down $1.10/ton, with soybean oil 53 points lower. The 2019 version of MFP payments will include $14.5 billion in direct payments to produc... (full story) |
Cotton futures posted 48 to 73 point gains in most contracts on Thursday. Export sales of upland cotton were reported at 381,426 RB for old crop, a MY high and well above last year. India purchased 98,500 RB, with Turkey at 93,200 RB, as China cancel... (full story) |
Lean Hog futures were mixed at Thursday, with the front months down 10 to 22.5 cents and deferred contracts slightly higher. The CME Lean Hog Index was up 2 cents from the previous day @ $84.39 on May 21. The USDA pork carcass cutout value was down $... (full story) |
Corn futures closed lower for the first time in 9 sessions, with most contracts down 1 to 5 1/4 cents. USDA reported that this year’s MFP payment will be based on single county rates multiplied by aggregate acres of the 29 listed crops affected... (full story) |
Live cattle futures saw 5 to 25 cent gains in most contracts on Thursday, with Feb 2020 down a tick. Feeder cattle futures were steady to 42.5 cents higher on the day, as May expired at $135.60. The CME feeder cattle index was up $1.54 to $133.70 on ... (full story) |
Corn futures closed lower for the first time in 9 sessions, with most contracts down 1 to 5 1/4 cents. USDA reported that this year’s MFP payment will be based on single county rates multiplied by aggregate acres of the 29 listed crops affected... (full story) |
 Short term trading analysis of GWPH (full story) |
Nitrogen (N) fertilization for this year’s Iowa corn crop has been complicated by frequent and sometimes excessive rainfall from late last fall through this spring. Many farmers who normally apply […] (full story) |
The 2020 ag-funding bill that came out of the U.S. House Appropriations Committee this week, addresses a broad sweep of the rural landscape. The legislation, which is under consideration by […] (full story) |
U.S. Secretary of Agriculture Sonny Perdue announced almonds will be included in the administration’s new trade mitigation package. This package aims to continue support of farmers and ranchers impacted by […] (full story) |
As of May 20, an estimated 27 percent of Iowa’s soybean crop is planted according to the USDA-NASS Iowa Crop Progress Report. Early-planted soybeans have been exposed to stressful conditions following […] (full story) |
We have some very high temperatures in the forecast for the next several days. With this in mind, I wanted to provide some irrigation suggestions. The irrigation schedule below is […] (full story) |
In this podcast, Chad Hayes with the Tennessee Department of Agriculture and Dr. Larry Steckel, UTIA, discuss upcoming educational visits related to dicamba spray applications and what applicators can expect […] (full story) |
I’ve been getting a lot of questions on whether or not to use the typical gramoxone burn down treatment on dryland peanuts under the current dry conditions. Obviously, the drier […] (full story) |
America’s rural transportation system needs repairs in order to support economic growth, according to a new study by TRIP, a national transportation research organization. Carolyn Kelly is associate director of research and communications with TRIP.... (full story) |
The Minnesota Soybean Growers is thanking the Trump Administration for crafting another round of trade aid, but CEO Joe Smentek says the Association is frustrated another bailout is necessary. “We were really looking forward to a deal with... (full story) |
Missouri Corn Growers CEO says it looks like second trade mitigation payments, announced today, are going to be fairer to corn farmers, “Instead of basing it and announcing ahead of time on a commodity by commodity basis, they’re going to do it on a... (full story) |
Milk futures on the Chicago Mercantile Exchange traded mostly higher Thursday as a second Market Facilitation Program payment and increasing dairy cattle slaughter brings optimism to the market. May Class III milk up a nickel at $16.38. June up... (full story) |
Democratic leaders say farmers want access to markets, not government payments. Ranking Member of the Senate Ag Committee Debbie Stabenow of Michigan says USDA’s support program is no substitute for lost markets. She’s concerned about the... (full story) |
CORN HIGHLIGHTS: Corn futures retested their high from two days ago when Jul futures reached 3.99, but again ran into resistance and by day's end finished with losses of 4-3/4 in Jul closing at 3.89-3/4 and new crop Dec at 4.08, down 4-3/4. Dec reach... (full story) |
Today, USDA Secretary Sonny Perdue announced $16 billion in additional aid is being allocated to programs supporting farmers who have been impacted by retaliatory tariffs and the ongoing trade disputes. […] (full story) |
Dallas Tonsager Passes After Battle with Lymphoma Dallas Tonsager, the chairman of the Farm Credit Administration (FCA) since 2016 who earlier served as an undersecretary for rural development at USDA, passed away on Tuesday May 21st at the age of... (full story) |
An extension weed management specialist who recognizes planting is behind still urges farmers to spray a pre-emergent herbicide wherever possible. Jeff Gunsolus with the University of Minnesota says season-long control begins with a good burndown.... (full story) |
For Immediate Release Contact: Caitlin Eannello, 240-423-4345 (Cell) Washington, D.C. (May 23, 2019) – Today, the U.S. Department of Agriculture has announced that the White House has authorized the Agency to provide up to $16... (full story) |
A dairy market economist says China’s latest increase to retaliatory tariffs on U.S. dairy products should have a marginal impact. Nate Donnay with INTL-FCStone tells Brownfield additional tariffs have been placed on lactose, infant formula, and... (full story) |
Soybeans were lower on profit taking and technical selling. The trade expects at least some corn and spring wheat acres will be switched to beans because of continued planting delays. China did buy U.S. beans last week, but the next step in... (full story) |
Chicago Mercantile Exchange live cattle futures were mostly higher with boxed beef up at midday, getting ready for Friday’s USDA Cattle on Feed report. June was up $.15 at $110.80 and August was $.20 higher at $108.15. Feeder cattle were mostly... (full story) |
A Wisconsin dairy farmer is beginning to question why he continues to farm. Dan Holub milks about 200 cows in Chippewa County. “We’re going on four years or better of this, and we’re losing equity every day. A lot of times I just... (full story) |
The USDA say dairy farmers will be able to receive a second Market Facilitation Program payment as part of the $16 billion aid package. Undersecretary for Farm Production and Conservation Bill Northey says payments will be processed much like the... (full story) |
A proposed moratorium on agribusiness mergers has been re-introduced in the U.S. Senate. Democrats Cory Booker of New Jersey and Jon Tester of Montana authored the bill, which would immediately stop acquisitions and mergers in the food and... (full story) |
The USDA has offered to help countries struggling with African swine fever. Undersecretary Greg Ibach told a House subcommittee earlier this week APHIS veterinarians and international services officers staffed in Beijing are available to provide... (full story) |
REPORTING OFFICE: MCALLEN MAY 23 2019 DOMESTIC SHIPMENTS AND IMPORTS OF ORNAMENTAL CROPS FOR MAY 22 2019 ... (full story) |
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 Memorial Day Hours + Micros Trading Webinar + Levels for May 24th 2019 (full story) |
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Jul. corn closed at $3.89 and 3/4, down 4 and 3/4 centsJul. soybeans closed at 8.21 and 1/2, down 7 centsJul. soybean meal closed at $297.20, down $1.10Jul. soybean oil closed at 26.78, down 53 pointsJul. wheat closed at $4.70 and 1/4, down 2 and 1/2... (full story) |
 WHERE COULD CRUDE GO? Today it fell apart and confirmed a downtrend on its daily chart to the rally that started last December and ended last month. By taking out........... (full story) |
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 There was tremendous volatility in the currencies today due to dismal PMI data from both Europe and the U.S. (full story) |
PHOENIX Shipping Point Prices as of 23-MAY-2019 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story) |
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