Latest News Articles
Lower Spring Wheat Yields This Year in North Dakota
Published September 4, 2019
The North Dakota spring wheat harvest is just over halfway complete. North Dakota Wheat Commission Market Development and Research Manager Erica Olson says a combination of late planting and uncooperative weather is delaying progress. "I don't have a solid number…Allendale Projects Smaller U.S. Crop
Published September 4, 2019
Ahead of next week’s USDA report, Allendale is projecting the U.S. corn crop at 13.75 billion bushels, with a yield of 167.7 bushels/acre. Their soybean crop estimate is 3.49 billion bushels, with a 46 bushel/acre yield. That's below USDA's August…New SD Project Feeds Fish Industry
Published September 4, 2019
Prairie Aquatech is beginning commercial production at its $45 million plant in Volga, South Dakota. This facility has the capacity to produce 30,000 metric tons of non-GMO soy protein ingredients per year. Aquatech’s trademarked product, which is called ME-PRO, was…Crop College
Published September 4, 2019
The August rains helped fill out the crop, with some of the 90 day corn starting to dent. Hear more from Peterson Farms Seed agronomist Adam Spelhaug in this episode of Crop College.Basis Bids Showing Harvest Pressure
Published September 4, 2019
Basis bids at the six regional grain elevators followed by the Red River Farm Network are beginning to show some harvest pressure as old crop months roll into the new crop futures months. Spring wheat basis range from 67 cents…The Market Needs Confirmation of Lower Crop Numbers
Published September 4, 2019
CHS Hedging market analyst Steve Wagner thinks weather is a bigger factor for the Northern Plains than the rest of the Corn Belt. "Nerves get jangled when the wheat harvest moves into September. As far as moisture, we're sitting very…Grain Traders Still Cautious on Crop Progress, Frost Threats
Published September 4, 2019
The National Oceanic and Atmospheric Administration removed the threat of an early frost from their latest two-week weather outlook. E-Hedger market analyst Ryland Textor says traders are still cautious about frost and freeze damage to this crop. "It may be…Grain Elevators Prepare for a Challenging Crop
Published September 4, 2019
North Dakota Grain Dealers Association Executive Vice-President Stu Letcher says when it comes time to harvest corn, quality could challenge grain elevators and available markets. "Crop uncertainty is the biggest concern." Even if the corn makes it across the finish…August Ag Economy Barometer Falls
Published September 4, 2019
The August Purdue University/CME Group Ag Economy barometer reads 124, a 29-point decline from July. The decline is attributed to a farmer’s expectations for current and future economic conditions. In the latest farmer survey, more than two-thirds of respondents say…