The Latest

Events

  1. California: Advanced Precision Farming Course Offered Online, Nov. 14 – Dec. 16

    November 14 @ 8:00 am - December 16 @ 5:00 pm
  2. Arkansas: 5 Income Tax Schools in Nov, Dec.

    November 14 @ 8:00 am - December 6 @ 5:00 pm
  3. Mississippi: Row Crop Short Course, Starkville, Dec. 5-7

    December 5 @ 8:00 am - December 7 @ 5:00 pm
  4. California Almond Conference, Sacramento, Dec. 6-8

    December 6 @ 8:00 am - December 8 @ 5:00 pm
  5. Kentucky: 2016 Early Bird Meetings, Dec. 6-8

    December 6 @ 8:00 am - December 8 @ 5:00 pm
  6. Texas Plant Protection Association Conference, Bryan, Dec. 6-7

    December 6 @ 8:00 am - December 7 @ 5:00 pm
  7. ‘Ties to the Land’ Program, Texarkana, Dec. 6

    December 6 @ 8:00 am - 5:00 pm
  8. Kansas: Ag Law & Lease Workshop, Salina, Dec. 6

    December 6 @ 8:00 am - 5:00 pm
  9. Texas: Private Pesticide Applicator License Training, Dec. 6, 15

    December 6 @ 8:00 am - December 15 @ 5:00 pm
  10. Kansas: K-State Program to Help Farmers Deal with Historic Ag Downturn

    December 7, 2016 @ 8:00 am - February 15, 2017 @ 5:00 pm
  11. Texas: Field Crops and Beef Workshop, Edna, Dec. 8

    December 8 @ 8:00 am - 5:00 pm
  12. Texas: High Plains Ag Conference, Lubbock, Dec. 9

    December 9 @ 8:00 am - 5:00 pm
  13. Alabama: Corn and Wheat Short Course, Auburn, Dec. 12-13

    December 12 @ 8:00 am - December 13 @ 5:00 pm
  14. Texas: 55th Blackland Income Growth Conference, Waco, Dec. 13

    December 13 @ 8:00 am - 5:00 pm
  15. Indiana: Crop Adviser Conference, Indianapolis, Dec. 13-14

    December 13 @ 8:00 am - December 14 @ 5:00 pm
  16. Indiana: Beginning Farmer Workshop, Indianapolis, Dec. 14

    December 14 @ 8:00 am - 5:00 pm
  17. Missouri: Crop Management Conference, Columbia, Dec. 15-16

    December 15 @ 8:00 am - December 16 @ 5:00 pm
  18. South Carolina: Ag Marketing Seminar, Myrtle Beach, Jan. 4-6

    January 4, 2017 @ 8:00 am - January 6, 2017 @ 5:00 pm
  19. South Carolina: 4 Upcoming Forest Management Workshops for Woodland Owners

    January 12, 2017 @ 8:00 am - February 10, 2017 @ 5:00 pm
  20. Illinois: 4 Regional Crop Management Conferences in Jan., Feb.

    January 18, 2017 @ 8:00 am - February 15, 2017 @ 5:00 pm
  21. Texas: Red River Crops Conference, Childress Jan. 24-25

    January 24, 2017 @ 8:00 am - January 25, 2017 @ 5:00 pm
  22. Indiana: Ag Business Management Workshop, West Lafayette, Jan. 31 – Feb. 2

    January 31, 2017 @ 8:00 am - February 2, 2017 @ 5:00 pm

AgFax Grain Review: Corn Prices Could Drop 20%; Iowa Approves Soybean Research Center

Ernst Undesser
By Ernst Undesser, AgFax Web Editor June 12, 2014

Markets/Trade

  • Myra Saefong reports for The Wall Street Journal’s Market Watch that high expected corn production this season could cause corn prices to drop by 20% by the year’s end. Capital Economics currently predicts corn prices to end the year at $3.50.
  • AgriMoney.com reports that rain and hail damage in some of the U.S.’s key producing grain states cause a slight drop in crop conditions, but not enough to boost prices. The general trade expectation this week was for an increase in corn conditions of 3-4% in the good-excellent category while the weather damage resulted in a 1% drop instead. 75% of the crop remains in good-excellent condition however, while soybeans suffered minimal damage or delays, resulting in an overall bearish tone.
  • Sutanuka Ghosal reports for India’s Economic Times that expectations of lower rainfall this year combined with an ongoing heatwave has Indian soybean farmers worried about their crop prospects this season as high temperatures are drying out soils and a late start to the monsoon would delay planting. Domestic prices are already climbing on supply concerns for livestock feed and exports.

Production

  • An Iowa State University release on AgWeb.com reports that Iowa’s Board of Regents approved the development of a joint Soybean Research Center between Iowa State University and the Iowa Soybean Association which would be located as part of the ISU Agronomy Hall. The Center would focus on improving soybean acres, productivity, and profitability to help U.S. farmers meet rising global demand in an efficient and sustainable manner while continuing to provide high quality beans.
  • A DuPont Pioneer release on AgWeb.com reports that Pioneer is funding a University of Wisconsin study to update soybean nutrient recommendations. Current recommendations are based on research from over 50 years ago, and genetics and agronomic practices have changed significantly since then. The study is expected to take 3 years to complete and will enable growers to make more efficient and timely use of nutrient applications and hopefully improve yields and productivity.
  • Donnelle Eller reports for The Des Moines Register that Ceres, a group of environmental sustainability investors, has released a report showing that current U.S. corn production practices are unsustainable. The two primary points of contention in the report are unsustainable water usage through irrigation and overapplications of fertilizers, particularly nitrogen. 87% of the country’s irrigated corn is in high risk, dry areas, and relies primarily on pumping water from already strained underground aquifers. If irrigation practices don’t change, eventually there won’t be enough water left to support crops. Additionally, many producers continue to overapply nitrogen with the result that much of what is placed in the field gets washed into lakes and rivers and a fair amount making it’s way down into the Gulf of Mexico.
Ernst Undesser
By Ernst Undesser, AgFax Web Editor June 12, 2014