Planted Acreage Report Surprises

Cindy Zimmerman

USDA’s planted acreage report out Friday contained some surprising numbers for the trade. The National Agricultural Statistics Service (NASS) estimates 89.6 million acres of soybeans planted in the United States for 2018, down 1 percent from last year, and corn area planted is estimated at 89.1 million acres, also down 1 percent from last year. All cotton planted area for …

AgWired Energy, AgWired Precision, Audio, Markets, MGEX, USDA

Cotton Market Update from Mid-South Farm & Gin Show

Jamie Johansen

A larger cotton crop than expected sets tone for an unusual year for the cotton market. Senior Cotton Analyst, Informa Economics, Kip Butts, was on hand at the recent Mid-South Farm & Gin Show to shed light on the current cotton market, where cotton stands with farm bill changes and what 2018 will look like. “I think we will find …

Agribusiness, AgWired Precision, Audio, Cotton, Farm Gin Show, Farm Shows, Markets

MGEX Records Highest Volume in 2017

Carrie Muehling

MGEX recorded its highest calendar year volume in 2017 at 2,803,549 contracts. This number broke the previous record set in 2015. In addition, MGEX options volume for 2017 nearly doubled the preceding record of 61,226 contracts set in 2002. The Exchange also set a new annual electronic volume record with numbers 22 percent higher than the previous one. The best …

Markets, MGEX

FarmLead Launches GrainCents Advisory Service

Cindy Zimmerman

A new subscription service from FarmLead has been launched that can provides specific recommendations to farmers on when to sell, hold and/or hedge in various market conditions to improve balance sheets, operations, and grain marketing schedules. The new service called GrainCents also educates farmers by providing expert insights on global market conditions and how they impact farm operations for specific …

AgWired Precision, Grains, Markets

FarmLead Adds Price Discovery to Online Grain Marketplace

Cindy Zimmerman

Online grain marketplace FarmLead has announced the launch of its newest feature, Price Discovery, which provides a comprehensive view of historical and future grain price trends specific to the user’s geography, helping farmers make better decisions when selling their grain. “This isn’t just a simple price transparency tool. It is a price education tool,” says FarmLead CEO and President Brennan …

AgWired Energy, AgWired Precision, Farming, Markets

Missouri Rice Council Hosts Field Day

Jamie Johansen

The Missouri Rice Council hosted their annual Rice Field Day August 24, at the Rice Research Farm in Campbell, Missouri. Research personnel from Southeast Missouri State University (SEMO) and the University of Missouri Fisher Delta Research Center were on hand to provide area farmers a chance to see and learn about recent developments in rice research and other agricultural related …

Ag Group, AgWired Precision, Audio, Markets, Research, Rice

Nebraska Proudly Hosts #USSoyExchange

Jamie Johansen

To kick off the 2017 U.S. Soy Global Trade Exchange, Nebraska Lieutenant Governor Mike Foley provided opening remarks to the international and domestic soybean audience. I was able to speak with the Lt. Governor who shared how proud the state is of its agricultural industry. He said, “It’s really the backbone of our economy. We like to grow things.” “It’s …

Ag Group, AgWired Precision, Audio, Exports, Markets, Soybean, Trade, USSEC

A Growing North Asia U.S. Soy Market

Jamie Johansen

To kick off the 2017 U.S. Soy GLobal Trade Exchange eleven Chinese purchasing agreements were signed with five U.S. soybean exporters for 3.8 MMT valued at $1.561 billion. The U.S. Soybean Export Council (USSEC) and Midwest Shippers Association serve as hosts for the conference where over 250 international buyers representing over 55 countries attend. “These companies are very loyal buyers …

Agribusiness, AgWired Precision, Exports, International, Markets, Soybean, USSEC

Market Outlook from Farm and Gin Show

Kelly Marshall

Richard Brock of Brock Associates spoke to attendees of the Mid-South Farm and Gin Show about commodity prices and why they are shaping up in a way most didn’t expect. “You’ve got two crops to harvest every year- one is the one you grow and one is the speculator. I think the speculator is going to allows us an opportunity …

Audio, Markets

AgCompass Points to Improved Efficiency

Cindy Zimmerman

With commodity prices falling, already tight operating margins may become even tighter, increasing the need for farm partners to keep an eye on their operating expenses. One solution that many producers have turned to is remote hosting of their software so all the farm partners can be on the same page when making critical business decisions. AgCompass provides reliable U.S.-based …

Agribusiness, Audio, Markets, Precision Agriculture, Technology