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News from United States
Monday, May 21, 2012
CME: Corn Futures Closed Higher FridayUS - July Corn finished up 10 1/2 at 635 1/2, 3 off the high and 16 up from the low. December Corn closed up 8 3/4 at 537. This was 15 up from the low and 5 1/2 off the high.
US Barley Production Advances in 2012/13US - The 2012/13 US barley crop is projected at 200 million bushels, up from last season’s 156 million due to higher acreage moderated by slightly lower expected yields.
Food Hubs Keep Connections Local US - Here’s something to chew on: In 2010, Illinois’ 76,000 farmers generated $16 billion in economic output, securing the state’s position as one of the most productive growing regions...
Sunday, May 20, 2012
GeoGrain: Basis for Spot Corn Delivery Up Three Cents Last WeekUS - Basis for spot corn delivery has continued to strengthen across the country, up three cents in the last week.
Friday, May 18, 2012
CME: Corn Futures Closed Higher ThursdayUS - July Corn finished up 5 at 625, 1 1/2 off the high and 9 up from the low. December Corn closed up 2 at 528 1/4. This was 5 1/4 up from the low and 2 3/4 off the high. July corn closed higher...
Nitrogen Applications for the 2012 Corn CropUS - While soil temperatures were warmer than normal last winter, the dry soil conditions have resulted in very little nitrogen loss this spring.
Compensation Agreed for Stuttering US Canola ProjectUS - Biofuel producer and distributor Whole Energy Fuels (WEF) is to compensate Snohomish County, Washington State for services and goods it didn’t deliver for a canola project.
Thursday, May 17, 2012
CME: Corn Futures Closed Higher WednesdayUS - July Corn finished up 22 3/4 at 620, 3/4 off the high and 29 1/4 up from the low. December Corn closed up 11 3/4 at 526 1/4. This was 19 up from the low and 1 3/4 off the high. July corn...
Herbicide Injury to Corn IncreasesUS - During the past week, the number of observations and inquiries related to corn injury from herbicides increased, said University of Illinois associate professor of weed science Aaron Ha...
Record Feed Grain Production Projected for 2012/13US - Feed grain production for 2012/13 is projected at 390 million metric tons, up from 324 million the previous year.
Pioneer Hi-Bred Will Sell Soybeans by Seed Count US - Pioneer Hi-Bred, a DuPont business, will sell its soybean products by seed count per unit, rather than by weight, beginning in the fall of 2012 for varieties sold throughout North America...
22 Hours of Grain Trading; Industry Says Slow DownANALYSIS - Starting May 20, 2012 (trade date May 21, 2012), the CME Group is slated to expand its electronic trading hours in its Chicago Board of Trade (CBOT) grain, oilseed and ethanol...
US Wheat: Supplies Up, Prices DownUS - The 2012/13 outlook for US wheat is for larger supplies and use, but lower prices. All wheat production is projected at 2,245 million bushels, up 12 per cent from last year’s weather-reduced...
US Sorghum Production Set to Bounce Back in 2012/13US - The 2012/13 sorghum crop is projected to rise to 335 million bushels.
Wednesday, May 16, 2012
CME: Wheat, Soy Futures Closed Higher TuesdayUS - July Soybeans finished up 26 at 1413, 2 3/4 off the high and 33 up from the low. November Soybeans closed up 10 1/4 at 1305. This was 14 1/2 up from the low and 7 1/4 off the high.
Rains Jump-Start Texas Cotton Planting, Moisture Critical in AreasUS - The forecast for Texas cotton remains mixed, depending upon which part of the state you’re talking about, said Dr. Gaylon Morgan, associate professor and Texas AgriLife Extension Service...
Tuesday, May 15, 2012
CME: Corn Futures Closed Higher MondayUS - July Corn finished up 2 at 583, 3 3/4 off the high and 6 3/4 up from the low. December Corn closed up 1/4 at 505 1/2. This was 2 1/4 up from the low and 7 1/4 off the high. July corn closed...
Scout for Slugs NowUS - There are increasing reports of slugs causing significant feeding injury requiring treatment with baits, according to Ron Hammond and Andy Michel for Ohio State University Extension.
Corn Market Direction Unfolding, Magnitude Still UncertainUS - The USDA’s projections of US and world corn and feed grain supply and demand conditions presented in the May WASDE report set the benchmark by which the corn market will judge unfolding...
Monday, May 14, 2012
CME: Corn Futures Closed Lower FridayUS - July corn saw a late-day bounce but still closed 6 1/2 cents lower on the session and down 39 1/4 cents for the week. Funds were noted as active sellers for the third day in a row.
Corn Growth Stages, Postemergence Herbicides - Size IS ImportantUS - Herbicide application restrictions exist for several reasons, but the most important is the fact that crop injury is more likely to occur if applications are made outside a specified growth...
Is Ethanol Production Linked to Antibiotic Resistance?US - Two US congressmen have written to the Food and Drug Administration (FDA) to ask what the agency is doing to ensure appropriate use of antibiotics in food-animal production.
Forage Supplies Tight, Crops Depend on Water SupplyUS - A “coin toss” is how a Texas drought expert describes the forecast for rainfall across the state this season. But there are some actions farmers and ranchers can take rather than hoping...
Markets Plead for Soybeans; Farmers have Time to RespondUS - An Indiana farmer plants a field of soybeans. Purdue agricultural economist Chris Hurt says the latest USDA reports suggest soybeans will be in short supply, so farmers have an opportunity...
Rabobank says Value-Added Fresh Vegetables Positioned for GrowthUS - Health and convenience will be the leading drivers of increased demand for fresh vegetables in the next five years, according to a report released from Rabobank’s Food & Agribusiness Research...
Sunday, May 13, 2012
GeoGrain: Corn Spot Basis Made Six Cent GainUS - In the cash market for corn, spot basis made large gains last week, increasing six cents on average across the country.
Grain Hedge: European Jitters, USDA Reports Send Markets Lower US - Renewed concerns about Greek debt and some critical elections in the Euro zone have led the equity markets lower.
Friday, May 11, 2012
CME: Corn Futures Closed Lower ThursdayUS - July Corn finished down 19 3/4 at 587 1/2, 24 3/4 off the high and 2 up from the low. December Corn closed down 9 1/2 at 507 1/4. This was 2 1/4 up from the low and 12 off the high. July...
Economist: USDA Reports Contain Some Surprises US - The World Agricultural Supply & Demand Estimates report included the first forecasts for the 2012-13 marketing year and contained some very bearish projections for corn, but the soybean...
Ag Groups and Allies Advocate for Farm Bill Floor Time in SenateUS - The National Corn Growers Association and more than 120 agricultural organisations have sent a letter to Majority Leader Harry Reid and Republican Leader...
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