Top Stories Articles
AFBF Outlines Farm Bill Priorities
Published October 14, 2022
That list includes the continuation of current farm bill funding, prioritization of crop insurance, and adequate staffing and resources for USDA technical assistance. "We also believe that transparency is needed in our dairy system," said Zippy Duvall, president, American Farm…River Shipping Costs Double
Published October 14, 2022
With parts of the Mississippi River at record low levels, the cost to ship grain and fertilizer has gone through the roof. The cost to ship a ton of corn from St. Louis to southern Louisiana approached $106 October 11.…Inflation Accelerates
Published October 14, 2022
The September Consumer Price Index rose 8.2 percent. That's down from 8.3 percent in August, but above trade expectations. The food-at-home index increased 13 percent over the past year. The index for cereals and bakery goods was up more than…Soil Moisture Recharge Worries
Published October 13, 2022
The weather across the region has transitioned from unseasonably warm to cold. "Sooner or later, you've got to pay the piper." Drew Lerner, senior ag meteorologist, World Weather Inc., says a very slow moving trough of low pressure is foreshadowing…Dry Conditions Worsen Across Minnesota and Dakotas
Published October 13, 2022
In this past week, the U.S. Drought Monitor expanded the area with severe and extreme drought in southern Minnesota. In North Dakota, a new area of severe drought stretches from McLean to Eddy and Foster counties. In South Dakota, extreme…Competing for Tight Supplies
Published October 13, 2022
The U.S. faces tough competition in the export market. Summit Commodities market analyst Tom Pfitzenmaier cites the corn and wheat moving out of the Ukraine at substantially lower prices than the U.S. Gulf. "Brazil is also set to have a…A New Perspective on Trade
Published October 13, 2022
The White House newly-released National Security Strategy includes a change in trade policy. The report says the United States’ focus on fair and open trade has helped corporations rather than workers. The Biden Administration said it will seek new trade…A Friendly Soybean Report
Published October 12, 2022
Total Farm Marketing Senior Market Advisor Naomi Blohm is slightly surprised with the soybean figure in the crop production report. "The soybean yield at 49.8 bushels per acre was lower than the average trade guess, down substantially from September; this…Soybean Yield Forecast Adjusted Lower
Published October 12, 2022
As expected, the USDA lowered the U.S. corn yield forecast. Yields are estimated at 171.9 bushels per acre, a decline from 172.5 bushels per acre last month. Traders expected soybean yields to be in line with September, but USDA lowered…