Top Stories Articles
Prevent Plant Acres Total Over 19 Million
Published August 13, 2019
USDA's Farm Service Agency released more information on prevent plant acres for 2019. U.S. farmers reported 11.2 million prevent plant acres of corn, 4.3 million acres of soybeans and 2.2 million acres for wheat. That makes for a grand total…A Lot of Unanswered Questions
Published August 13, 2019
According to Van Ahn and Company CEO Jim Emter, the biggest numbers from the August USDA report include planted and harvested acres and yield for corn and soybeans. Corn yield is estimated 3.5 bushels higher than last month’s projection, and…USDA Forecasts Decreased Soybean Production
Published August 13, 2019
USDA is estimating U.S. soybean production at 3.6 billion bushels, down 165 million bushels on lower harvested area. That’s on a soybean yield of 48.5 bushels per acre, unchanged from last month. Soybean planted acres are projected at 76.7 million,…Strong Corn Yields Projected by USDA
Published August 13, 2019
USDA is forecasting the U.S. corn crop at 13.9 billion bushels, an increase of 26 million from July’s estimate. The corn yield forecast is 169.5 bushels per acre, 3.5 bushels higher than one month ago. USDA is reporting Illinois, Indiana,…Closing Beef Packing Plant Makes Big Impact on Markets
Published August 12, 2019
The livestock industry suffered a serious blow when fire destroyed a Tyson Foods beef packing plant in western Kansas. Northstar Commodity Chief Analyst Mark Schultz says the plant is a major packing facility. The livestock markets reacted violently to the…Beef Processing Plant Offline in the Near-Term
Published August 12, 2019
Tyson Foods plans to rebuild its beef processing plant in Holcomb, Kansas. The plant is shut down indefinitely after a fire partially destroyed the plant. This facility processes up to 6,000 head per day, representing more than five percent of…TransFARMation: Attitude is Everything
Published August 12, 2019
Doug Bichler, who ranches at Linton, North Dakota, was in a farm accident two years ago while baling hay. "One of the belts must have grabbed my hand. Before I knew it, I was getting pulled in." His life changed…Wet Conditions Linger in MN
Published August 12, 2019
The crops near Murdock, Minnesota are still suffering from the spring’s wet conditions, according to farmer Mike Yost. "In July and early August, rainfall has been about normal. We do not need moisture at this point and time." Yost says…Anything Could Happen in Today’s USDA Reports
Published August 12, 2019
There will be a lot of data released from the USDA today, but planted and harvested corn and soybean acres are top of mind for traders. INTL FC Stone Chief Commodities Economist Arlan Suderman says there could be a reduction…