Author: staff

Ahead of 9 a.m. CT, December corn was down 4½¢ at $4.18½ per bushel. November soybeans were down 5¼¢ at $10.35¾ per bushel. December CBOT wheat was down 1¼¢ at $5.27 per bushel. December KC wheat was up 1½¢ at $5.12¾ per bushel. December Minneapolis wheat was down a penny at $5.73¼. “Corn’s strong price action from late last week carried over [to yesterday], supported in part by crude oil gaining more than $1.50,” said Cole Raisbeck, commodities broker with Kluis Commodity Advisors. “Bulls now have their sights set on the $4.30 gap left from early July. Soybeans, meanwhile, remain…

By Dale Lattz, Gary Schnitkey, Nick Paulson, and Carl Zulauf Machinery cost estimates for 2025 have been released and are available in the Management section on the farmdoc website. Machinery costs are updated every two years, with the last update occurring in 2023. As is usual, estimated machinery costs have increased, with most increases in the 1% to 14% range. The increases from 2023 to 2025 are less than the increases estimated between 2021 and 2023, when many costs increased by as much as 30%. Machinery Cost Estimates for 2025 Estimated machinery costs are often used in setting custom rates where one individual performs…

If you ever thought about making a marketing plan for your farm, it’s time to make it happen. You can do it! Let’s look at how you can make a plan that works best for your farm. Every year, I enjoy teaching all the classes for my Kluis Grain Trading Academy, but I have a favorite: Creating a Marking Plan. This class brings together all the concepts we teach during the previous classes.  First, let’s review the basics: Simple is better. Yes, a more complex plan may cover more risks and scenarios. But a simple plan ends up being better,…

What Happened The August World Agriculture Supply and Demand Estimates (WASDE) report indicated a big increase in expectations for the U.S. corn crop and carryout. Yet on the world front, not much change was noted. World stocks-to-usage remain at their lowest level since 2013 when, the low for December corn futures came in late fall at $4.12. As of this writing, December 2025 corn futures are trading near $4.06 with a contract low of $3.92.   Given this historical comparison, it’s challenging to believe corn futures could get much lower. The rise of the cost of production in the last 13…

Claas has updated the Lexion 8000 combine lineup with a new model, bump in horsepower, more comfort features, and better visibility. “Just like the producers we serve, we’re focused on continuous improvement,” said Dennis Ogle, head of sales at Claas. “Today’s operator deserves equipment that not only matches the demands of the field, but also offers greater comfort for long hours in the seat.” Higher Horsepower Claas is reshuffling its Lexion line for model year 2026. The 2026 Lexion 8500, available in wheeled and Terra Trac models, rated at the same 506 hp as last year’s Lexion 8600. The 2026…

December corn ended the day up 2¾¢ at $4.23 per bushel. November soybeans closed down 13½¢ at $10.41 per bushel.  December CBOT wheat ended the day down 6¢ at $5.28¼ per bushel. December KC wheat closed down 8½¢ at $5.11¼ per bushel. December Minneapolis wheat was down 5¾¢ at $5.74¼. “Corn’s technical breakout, strong demand, and shrinking supply outlook are fueling short covering, with traders eyeing $4.30 resistance and September’s WASDE [World Agricultural Supply and Demand Estimates report] for confirmation,” said the Grain Market Insider newsletter by Stewart-Peterson Inc. “…Soybeans remain under pressure from meal weakness and Chinese demand fears,…

Key Takeaways Corn slipped in condition — Good/excellent ratings dropped 2 points week-over-week, with denting progress slightly behind the five-year average, though maturity is just ahead.Soybeans declined more sharply — Good/excellent ratings fell 4 points, with pod-setting on track and leaf-drop just ahead of average.Small grains are wrapping up — Spring wheat harvest is slightly ahead of normal, while oat harvest lags just behind average. Today, the USDA published the 22nd Crop Progress report of the 2025 growing season. Here’s a look at the latest corn, soybean, wheat, and oat numbers. Corn As of Aug. 31, 90% of the corn crop across…

A runaway Longhorn, described variously in reports as a cow or bull, was fatally shot deputies in Dodge County, Minnesota, after a 50-minute pursuit in which the animal repeatedly charged at people and vehicles, forcing highway closures. The incident began around 2 p.m. August 31 when farmer Brandon Schmoll reported that one of his cows had escaped while being transferred to a pasture along County Road 34, east of Dodge Center. According to KAAL-TV, Sheriff Scott Rose said dispatch “alerted the Canadian Pacific Railroad about the incident” and that deputies “shut down both lanes of Highway 14 multiple times as…

Top Third Ag Marketing helps farmers become better agricultural marketers with the goal of marketing crops and livestock in the top third of prices. Mark Gold and his team provide AGDAILY.com with the latest information and a look ahead in their audio commentary. Listen here! https://www.agdaily.com/wp-content/uploads/2025/09/agdaily-Top-Third-2025-09-02.mp3 The post Markets in Minutes: Top Third looks ahead for Labor Day week appeared first on AGDAILY.

Lant Elrod “I became so frustrated working on large projects in my shop,” said Joe Keeley of south central Michigan. “Ninety percent of the time, I am working alone, and I need something to make my work easier. I came up with an idea to take a truck crane and retrofit it to use with a pallet fork.” He cut two 32x2x4-inch pieces of quarter-inch tube for the side rails, and three 20x2x4-inch pieces of quarter-inch tube for the cross rails, which he welded on both ends. Then he used grade-5 bolts to attach the crane onto the new platform.…