Farm Futures Predicts More Corn, Less Soybeans

Kelly Marshall

Farm Futures is Penton Agriculture‘s market-leading ag business resource and they are seeing a lot of red on the ledgers right now.  In fact their latest survey suggests farmers may react to the agriculture market by cutting back almost 2 percent of the crop acreage this year.  Of the major row crops, only corn and cotton are seeing gains– but …

Agribusiness, Markets, Planting

#FarmCredit Looks at 2016 Challenges

Kelly Marshall

Directors from Farm Credit overwhelmingly believe the greatest challenge facing farmers this growing season are commodity prices. More than 64 percent of the directors — from the boards of 17 Farm Credit lenders in 15 states and of AgriBank, their St. Paul-based funding bank — said commodity prices are the greatest challenge facing ag producers this year. The directors, most of …

Agribusiness, Markets

AAEA Members Take Their Message to Capitol Hill

Jamie Johansen

Farm income, assets, and equity are all expected to decline nearly three percent in 2016, while farm debt is forecasted to rise about two percent. However, the Agricultural & Applied Economics Association(AAEA) reminds us these numbers may not tell the whole story. AAEA members Ani Katchova (The Ohio State University) and Allen Featherstone (Kansas State University), along with Jeffrey Hopkins …

Ag Groups, Markets

AEM Report Shows Increase in Small Tractor Sales

Kelly Marshall

The Association of Equipment Manufacturers says 2016 is continuing last year’s trend of growth in tractors under 40HP.  The report shows sales were up in February of this year 26.2 percent, compared to 2015.  The year-to-date growth is 19.7 percent. 2WD tractors between 40 and 100 HP are also up this year over last, with a growth of 5.8 percent …

AEM, Agribusiness, Markets, Tractor

USB Educates Growers on Global Markets

Jamie Johansen

The United Soybean Board (USB) invites soybean farmers with a desire to take a look at their customers beyond the elevator and to learn more about the soy checkoff’s role in marketing U.S. soy, to take part in their See for Yourself program. Tina Holst, Chilston, Wisconsin soybean farmer, took advantage of this opportunity last year and I caught up …

Ag Groups, Audio, Exports, Farming, Markets, Soybean, USB

MGEX Sets New Open Interest Record

John Davis

MGEX has set a record for its highest open interest total in its 135-year history. This news release from the trading organization said it closed the day Tuesday at 82,279. This breaks the previous record of 82,056 set on April 17, 2014. The Exchange has seen an increase in open interest each of the past seven days and has now …


SHP Demo Farmers Utilizing AgSolver Technology

Taylor Truckey

AgSolver had demo farmers and partner companies excited at the Soil Health Summit last week as they plan on rolling out access to their Profit Zone Manager to the demo farmers this year. Dave Muth, co-founder of AgSolver, spoke with AgWired about what they do and how that will impact the SHP. “The Soil Health Partnership is certainly working on …

Agribusiness, Markets, Soil, Soil Health Partnership, Sustainability

MGEX Boasts Record Year

Joanna Schroeder

MGEX has concluded its best year with new annual highs in both total volume and electronic volume. Total volume finished the year with 2,315,186 contracts traded, surpassing the previous record set in 2014 by six percent. During the year, MGEX reported five separate months of volume greater than 200,000, doing so for the first time in Exchange history. Of the …


#ASTACSS Economic Outlook from Dan Basse

Cindy Zimmerman

Back by popular demand for the fifth year, AgResource Company president Dan Basse presented his economic outlook for agriculture at the opening general session of the ASTA CSS 2015 and Seed Expo on Tuesday. In his fact-filled 90 minute presentation, Basse talked about a “world awash in grain” with record global wheat and soybean crops and second largest corn crop. …

ASTA, Audio, Markets, Seed

November Best Month Ever for MGEX

Cindy Zimmerman

November 2015 was the biggest volume month in history for MGEX, with a total volume of 272,202. This surpassed the previous record set in August by more than 6,000 and is a 39 percent increase from November 2014. This marks the fifth time this year MGEX has reported a monthly volume greater than 200,000, doing so for the first time …