Soybeans started the day off higher before weakness took over again for most of the day. A late rally helped boost grains off the lows but faltered in last minute trade. Canada’s projected wheat and canola acreage are both both
General Situation This week brought about some rain storms and looks like we will continue to receive some chances for rain across the Valley in the next week. Temperatures are in the high 80s to low 90s during the day
Market Situation Crop Progress. The condition of the U.S. and Texas wheat crops again showed improvement in this week’s Crop Progress report. For all U.S. winter wheat, the percent rated fair declined by 1 and excellent category increased by 1.
Market Situation Crop Progress. This week’s Crop Progress report for week #15 showed U.S. corn planting at 6% complete as of April 16th. This is right at the average for this early in the season. The midpoint of planting usually
In 2016, the total of all economic costs per acre for growing corn in Illinois averaged $886 in the northern section, $870 in the central section for farmland with “high” soil ratings, $849 in the central section for farmland with
Despite a little cold damage, we have a lot of good looking wheat out there. A lot of our wheat is in the flowering stage right now. The tillers that were damaged by the cold have mostly turned brown now
Stink bugs can injure corn during the seedling stage, leading to tillering, stunting, and sometimes plant death. In order to prevent this, you must scout and spray at the correct time. Also, more stink bugs this year appear to have
This spring continues to shape up as a year with heavy armyworm pressure. With relatively little corn planted so far this isn’t time to panic – but we typically don’t see levels this high at this time of year, so
On Wednesday, the Federal Reserve Board released its April 2017 Beige Book update, a summary of commentary on current economic conditions by Federal Reserve District. The report included several observations pertaining to the U.S. agricultural economy. * Fifth District- Richmond–
The bulls were again winners in an exciting week for longs and producers. In last week’s report, I said the markets bias would be near unchanged to a bit lower.