Author: staff

March corn is down 1¼¢ this morning. January soybeans are down 4½¢. March wheat contracts are also lower. CBOT wheat is down 1½¢. KC wheat is down 3¢. Minneapolis wheat is down a penny. This morning, USDA announced new export sales: China is buying 198,000 metric tons of soybeans for the 2024/2025 marketing year.Unknown destinations are buying 135,000 metric tons of soybeans the 2024/2025 marketing year.The Philippines are buying 133,000 metric tons of soybean cake and meal for the 2024/2025 marketing year. USDA also released the weekly U.S. Export Sales report this morning. Concerning net sales for the 2024/2025 marketing…

He comes across like the guy who sold your grandfather a tractor back in ‘73, enjoys the look of a clean lawn, and every morning checks the chicken coop for fresh eggs. And today, he’s John Deere’s Chief Tractor Kid. John Deere is partnering with Jackson Laux, a 9-year-old farmer and viral social media sensation known for his love of tractors and farming. Jackson will create content for Deere’s social media channels throughout the next year to bring awareness to the people working tirelessly in agriculture. “Wise beyond his years, Jackson brings a fresh perspective to an industry that has…

By Joana Colussi, Nick Paulson, and Gary Schnitkey Corn production in South America’s two major agricultural countries is expected to follow two distinct paths during the 2024/25 crop season. In Brazil, planted acreage is projected to remain steady, but exports are likely to drop significantly due to intensified competition in the international market. In contrast, Argentina anticipates the largest relative decrease in corn acreage in 17 years, driven by concerns over the potential impact of corn stunt disease, which severely affected fields last season. Nonetheless, Argentine corn exports are projected to reach their highest levels since the 2020/21 season. This…

The story of the little-known Avery Company is a near-miss tale of a firm that did everything right but at the wrong time. Avery falls into that category of a very promising endeavor that could have become a major power in farm machinery. Instead, it hit economic roadblocks that, in time, brought it down. In its day, Avery was a firm to be reckoned with. The company’s line was extensive, featuring not only steam traction engines, tractors, and farm implements (its threshers were considered some of the best built at the time) but also road-building and construction vehicles, as well…

Soybean farmers in search of options for controlling herbicide-resistant weeds, such as waterhemp and Palmer amaranth, will have two new choices from Corteva in 2025. Corteva Agriscience has announced the launch of Kyber Pro herbicide and Sonic Boom herbicide — both are preemergence products with multiple modes of action and residual activity. Sonic Boom is active on many of the hard-to-control and resistant broadleaf weeds, such as waterhemp and Palmer amaranth, said Drake Robards, U.S. product manager, soybean herbicides, Corteva. Kyber Pro also controls many of the same broadleaf weeds as Sonic Boom, plus has a Group 15 active for additional…

December corn ended the day up 3¢. January soybeans closed down 8¢. March wheat contracts closed higher for the fourth consecutive day of trade. CBOT wheat was up 4½¢. KC wheat was up 3¼¢. Minneapolis wheat was up 2¢. February live cattle ended the day down 8¢ . January feeder cattle were up 33¢ at the close. February lean hogs were up $1.60. January crude oil is currently down 27¢. December S&P 500 futures and Dow futures are currently down 28 points and 34 points, respectively. Published: 2:31 p.m. CT Grains Start Day Mixed: 9:12 a.m. CT December corn is…

Colder temperatures will settle in across the United States at the end of the week and continue into the week of Thanksgiving.   For many states, this will be the first shift away from mild temperatures toward colder, seasonal conditions. According to a recent report from the Climate Prediction Center (CPC), the Northern Plains are at the highest risk for hazardous cold temperatures along with a slight risk for heavy snow in the Great Lakes region during the Thanksgiving travel period.  States across the Midwest will see a pendulum swing from above-normal temperatures to slightly below normal. Temperatures were 10 degrees,…

Cooking a Thanksgiving feast for your friends and family will cost less than last year but will still be more expensive than before the pandemic. The American Farm Bureau Federation’s 39th annual Thanksgiving dinner survey provides a snapshot of the average cost of this year’s classic holiday feast for 10, which is $58.08 or about $5.80 per person. This is a 5 percent decrease from 2023, which was 4.5 percent lower than 2022. Two years of declines don’t erase dramatic increases that led to a record high cost of $64.06 in 2022. Despite the encouraging momentum, a Thanksgiving meal is…

DAILY Bites Thousands rallied in London against a proposed 20% tax on farms over £1 million, starting in 2026. Farmers say the tax will force sales of generational farms with low profit margins. Some officials say most farms are exempt, but other entities warn up to 70,000 could be affected. DAILY Discussion British farmers rallied in London this week to protest the Labour government’s proposal to extend inheritance tax to agricultural land, a measure critics have dubbed the “tractor tax.” The planned tax, announced last month as part of the government’s budget, would impose a 20 percent levy on farm…

Unverferth Manufacturing debuted a new model 2520 grain cart with 2,500-bushel capacity, adding the largest size yet to its lineup of dual-auger models.   The pivoting 24-inch-diameter vertical auger coupled with 20-inch-horizontal auger and directional downspout unloads up to 1,000 bushels per minute, even in high-moisture corn.  The new grain cart features a rear access hatch with a ladder for easier grain tank cleanout, tongue-cushioned suspension for a smoother ride, extra-large viewing windows and a roll-over tarp. Additional standard features include a 520 scale package to automatically log grower, farm, field, crop, and other information, and a hydraulic jack to ease parking…