(WSJ) A tidal wave of grain looms over the U.S. agricultural sector, spelling bounty for some companies and challenges for others.
As some of the biggest U.S. agribusiness firms report earnings this week, analysts will weigh prospects for another massive U.S. corn crop and a likely record haul of soybeans, thanks to benevolent weather this summer, with plenty of rain and moderate temperatures setting up the best growing conditions in years.
"Weather has been about as good as we have seen historically," said Matthew Korn, analyst for Barclays, who researches fertilizer companies. ...continue reading →
Weather forecasts into August call for below average precipitation in soybean growing areas, and have driven up soybean prices in the last few days. August rainfall is essential for strong soybean yields, and despite the rain that fell over much of the Midwest in June, farmers in some areas are expressing concerns of fields being dry. USDA officials and Chinese regulators came to a head over the continued delay of MIR-162 clearance in China. Chinese demands were explained as “Unreasonable” and “Undoable” by the USDA, after the Chinese demanded none of the trait being found in any corn or DDG shipments sampled. Currently the agreement allows for very small amounts of Syngenta MIR-162 trait to be present in shipments. ...continue reading →
The White House Rural Council, alongside the US Department of Agriculture and other federal agencies, is hoping to harness institutional capital in the newly-established the US Rural Infrastructure Fund, a public-private investment fund aimed at financing infrastructure projects in rural America.
The new fund was announced at the first ever White House Rural Opportunity Investment Conference in Washington DC yesterday as part of an initiative to encourage private investment into the rural sector and also to create jobs; President Obama’s “Made in Rural America” export and investment initiative. ...continue reading →
(Reuters) At roughly 10 cents a pop, $4.80 per bushel July 2015 corn calls look to be the latest hot ticket among long-term corn bulls, even as nearby corn futures prices descend to their lowest level in four years under the weight of a likely record-setting U.S. crop.
And with the U.S. corn crop rated in its best condition in years at this point in the growing season – and projected to complete its all-important pollination phase amid generally non-threatening weather conditions – corn futures tied to this year’s harvest looked set to continue struggling to post any meaningful rallies over the near to medium term. ...continue reading →
Pictured below are five model B John Deere’s and one Farmall model H International Harvester that have been beautifully restored in Clarkfield, Minnesota. John Deere began producing the model B in 1934, and IH began producing the model H in 1939. These were the some of the most popular tractors of their time and helped turn the U.S. into the largest agricultural producer in the world.
Forecasts for the coming weeks suggest above average temperatures and below average rainfall. Following crop condition reports that are at their best levels since 1994, the weather could put significant pressure on soybean conditions as they enter their pollination stage. Grain prices have fallen significantly in the past few months due to potentially record breaking production from both corn and soybeans this year. ...continue reading →
(WSJ) The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.
Tens of thousands of these older DOT-111 tank cars will have to be replaced or retrofitted under the proposed rules, announced Wednesday. That is a faster deadline than Canada's three-year timeline to upgrade or phase out the railcars used to carry oil, ethanol and other hazardous liquids. ...continue reading →
(FarmIndustryNews) Last week at the Precision Aerial Ag Show I had the opportunity to talk with folks about a lot of things. I also got a look at a substantial corn crop on my drive from Bloomington to Decatur. With corn slipping below $4 on the Chicago Board of Trade, and continued predictions for a bumper crop, there’s some concern about income. Yet, folks looking at new technology see the value of investing for the future. ...continue reading →
Warmer weather is forecasted for this week with highs to be above average throughout the Corn Belt which is conducive to corn pollination. The heavy rain seen in the northern corn belt has left many concerned about nitrogen leaching. Some farmers reapplied nutrients if they were able to get in the field. As a result of leaching, corn has been reported stunted in some areas. ...continue reading →