Showing posts from February, 2016

Benchmarking Soybean Production Systems

Soybean farmers in ten states across the Midwest are being asked twenty questions. Todd Gleason has more on a Soybean Checkoff funded project to benchmark the yield impact of different production practices.
2015 ARC-CO Payment Estimates for Corn and Soybeans
Gary Schnitkey, Agricultural Economist - University of Illinois
Nick Paulson, Agricultural Economist - University of Illinois

On February 18th, the National Ag Statistics Service (NASS) released county yield data for the 2015 crop year. This post uses the NASS county yields and current MYA price projections from the USDA to estimate 2015 payments for the Ag Risk Coverage county level program (ARC-CO). Note that the final yields and prices used to determine actual payment levels will differ from the values these payment estimates are based upon. The final MYA price for corn and soybeans will not be known until the marketing year ends in August, and the final yields FSA will use to determine ARC-CO payments will likely not be released until September. See the farmdoc daily article from December 1, 2015 for a more detailed discussion and comparison of NASS county yields and FSA county yields used for the ARC-CO program.

Current MYA Pric…

Consumption Pace of Corn & Soybeans

FarmDocDaily Article

The price for corn has traded in a 25 cent range over the last two months. The price of soybeans has mostly traded within a 40 cent range. Todd Gleason explores this sideways pattern and how the pace of consumption has contributed the stable, if low, price structure.

The sideways price pattern reflects on-going expectations of adequate supplies of both crops writes Darrel Good on the FarmDocDaily website. He says there is plenty to meet consumption needs during the current marketing

Bill Gates Billionaires Behind Clean Energy

A Weather Market for Corn in 2016

Nearby corn futures remain above the early January lows, but continue to struggle under the weight of a number of negative market fundamental factors. Todd Gleason has more on the prospects for higher corn prices later this year.

Quadrac at the Chicago Auto Show

Check out the latest Quadtrac! — Todd E. Gleason (@commodityweek) February 17, 2016

Quiet Day at Elkhart Grain Company

I stopped by the grain elevator in Elkhart, Illinois (pop. 403) yesterday. It was quiet. Elkhart Grain owns the...
Posted by Todd E. Gleason on Wednesday, February 17, 2016

About NCSA's Blue Waters Super Computer

Blue Waters Website
view Todd Gleason’s photosTodd Gleason tours the National Center for Supercomputing Applications Blue Waters facility on the University of Illinois campus.

FarmDocDaily Crop Insurance Tools Updated

Farmers around the nation are about to tap the birthplace of the internet browser for crop insurance data. Really! It’s a true statement. Todd Gleason has more from the University of Illinois.

Before Internet Explorer, Safari, Firefox, and Google’s Chrome, the first internet browser was called Mosaic. It was developed on the Univeristy of Illinois campus as part of the National Center for Supercomputing Applications. NCSA is one of the places the internet was born. Today it is home to Blue Waters one of the most powerful supercomputers on the planet. And as of this month NCSA is home to the data farmers will use to help them make decisions about crop insurance via the FarmDoc website says NCSA’s Scott Wilkin.
Quote Summary - The way it will work is as an interactive website. It will actually be running on the web servers sitting at NCSA. We take the data, somebody says we want to make this happen; we want to understand the costs and benefits for an Enterprise Unit in Pike County, or P…

Bull Buyers Guide

blog post sourceIt’s that time of year when farmers and ranchers buy bulls for their herds. They’re likely sifting through stacks of bull sale catalogs. Todd Gleason has some advice on evaluating a sire’s potential.

Tillage Practices Vary Across the United States

USDA ERS, Washington, D.C. -

No-till and strip-till are two of many tillage methods farmers use to plant crops. In a no-till system, farmers plant directly into the undisturbed residue of the previous crop without tillage, except for nutrient injection; in a strip-till system, only a narrow strip is tilled where row crops are planted. These tillage practices contribute to improving soil health, and reduce net greenhouse gas emissions. During 2010-11, about 23 percent of land in corn, cotton, soybeans, and wheat was on a farm where no-till/strip-till was used on every acre (full adopters). Another 33 percent of acreage in these crops was located on farms where a mix of no-till, strip-till, and other tillage practices were used on only some acres (partial adopters). In the Prairie Gateway, Northern Great Plains, and Heartland regions—which account for 72 percent of corn, soybean, wheat, and cotton acreage—more than half of these crop acres were on farms that used no-till/strip-till to so…