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Showing posts from March, 2016

USDA March 31 Report Day React - interview with Darrel Good

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Prospective Plantings










Grain Stocks

Targeting the Middle of the Chain

Secretary Vilsack has identified strengthening local and regional food systems as one of the four pillars of USDA’s commitment to rural economic development. Part of this focus in on the middle of the supply chain. Todd Gleason reports USDA is helping to make investments in this space.

USDA Toolkit Designed to help Pitch Local Foods

The United States Department of Agriculture has been moving to support local food production throughout the nation. The agency is focusing on bringing new farmers and businesses into rural and urban areas. To that end, it has developed an online toolkit entrepreneurs can use to help pitch their ideas to lenders and local governments.

John Deere Sought Hagie

Amber Kohlhass, Communications Manager - Hagie ManufacturingJohn Deere News ReleaseMOLINE, ILLINOIS (March 29, 2016) - Deere & Company (NYSE: DE) has entered a joint venture with Hagie Manufacturing, the U.S. market leader in high-clearance sprayers. In the agreement, Deere acquires majority ownership of Hagie Manufacturing, which will continue producing sprayers in its current Clarion, Iowa location.Equipment made by the joint venture will continue to carry the Hagie brand while sales and service for Hagie equipment will be integrated into Deere’s global distribution channel over the next 15 months.“Hagie Manufacturing is known for innovation and its strong customer understanding in high-clearance spraying equipment,” said John May, president, Agricultural Solutions and Chief Information Officer at Deere. “High-clearance spraying equipment is a new market for Deere. The expertise at Hagie allows John Deere to immediately serve customers who need precision solutions that extend th…

Fewer Hogs and Higher Prices

The last Hogs and Pigs report is good news for pork producers. Todd Gleason reports it showed fewer hogs are being raised in the United States and that, in turn, should boost prices. Pork producers say they’ll reduce the size of their breeding herds. Or at least that’s what the latest Hogs and Pigs report showed. Purdue Extension Agricultural Economist Chris Hurt says farrowing should begin slow this spring and summer. However, right now, the breeding herd is as big as it was at this same time last year. Still, it’s a pattern of change and reduction says Hurt.Quote Summary - The herd had been in an expansion phase from the last half of 2014 through 2015. That expansion was largely because of record high profits due to baby pig losses from PED. That expansion phase seemingly has now ended.This ‘ending’ is a bit uneven geographically. For the 16 states USDA surveys for the March report, the breeding herd is up nine percent in Oklahoma and 10 percent in Texas. Some of the primary Midwest…

U.S. Secretary of Agriculture - interview with Tom Vilsack

Up next… U.S. Secretary of Agriculture Tom Vilsack has a discussion about policy making news in Washington, D.C. including the TPP, the just announced Local Foods Toolkit, and GMO labeling laws.

USDA New Farmers & Businesses - Good Food Festival Interview

The United States Department of Agriculture has been moving to support local food production throughout the nation. Todd Gleason has more on how and why the agency is focusing on bringing new farmers and businesses into rural and urban areas.

Good Food Festival & Conference

Thursday, Friday, and Saturday of this week the University of Illinois Chicago Forum will host the Good Food Festival & Conference. It is all about raising, marketing, and eating locally grown fruits, vegetables, and meats. Todd Gleason has more with Zach Grant from University of Illinois Extension.

Why Urban Agriculture | with Zach Grant

Extension systems across the United States are targeting the development of local food systems around large and small communities. Todd Gleason has more on the reasons why with University of Illinois Extension Local Food Systems & Small Farms Educator Zach Grant.

Any Information in Mid-Year Soybean Stocks Estimate

Next week (Thursday March 31) USDA will release the quarterly Grain Stocks report. Typically it is overshadowed by the Prospective Plantings report released on the same date. However, as Todd Gleason reports, it occasionally provides a surprise to the trade. For soybeans, the stocks estimate is often very near the level expected by the market says University of Illinois Agricultural Economist Darrel Good. This is because we generally know how many soybeans are used at any point during year based off the magnitude of the domestic crush and the exports, both of which are tallied either by the government, the industry, or the two combined. The stocks estimate, says Good, really does indicated the magnitude of seed, feed, and residual use of soybeans in the previous quarter. Unlike corn, for which feed and residual use is a large portion of disappearance, seed, feed, and residual use of soybeans is a relatively small portion of disappearance during the winter months. However, he cautions,…

Are Soybeans-After-Soybeans Profitable | with Gary Schnitkey

Low commodity prices have farmers around the nation considering a different crop rotation. Some have been wondering if it might be more profitable to plant soybeans after soybeans this year. University of Illinois Extension Economist Gary Schnitkey addressed the issue on the FarmDocDaily website and told Todd Gleason farmers in northern and southern Illinois might consider the option.

Allendale Releases 2016 Acreage Survey

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Allendale, Inc. estimates US grain and oilseed producers will increase corn and wheat acres, while lowering the number of acres sown to soybean. All three survey totals are higher than USDA’s Agricultural Outlook Forum estimates.  Corn planting intentions of 90.431 million acres would be the sixth largest acreage of the past ten years. Allendale’s production estimate would imply a production increase of 31 million over last year’s record.
Soybean planting intentions are seen at 82.575 million acres, the third largest ever. Allendale’s production estimate would be 207 million under last year’s record level due to a return back from record 2015 yields. Wheat acreage is estimated at 51.769 million acres. This would be the smallest acreage since 1970. Allendale’s production estimate is 53 million under last year’s level.
The results are based on the firm’s 27th annual Producer Acreage Survey. Submissions were made directly by producers in 25 states by phone and online from February 26, 2…

Grain Stocks & Prospective Plantings Reports Previews

USDA will officially kick off the new year for the spring planted crops when it releases two reports on the last day of the month. The Grain Stocks and Prospective Plantings reports will be released March 31st. Darrel Good says both will help set the tone of the trade for corn and soybeans going forward. Quote Summary - The Stocks report will be modestly important as it always is for corn. It will give us a reading on how fast we are feeding last year’s crop, but the real information will be in the Prospective Plantings report. It can be a mixed bag. This is because we all know actual plantings deviate from intentions. Certainly, though, when we see the March survey and what farmers are planning this year, it will provide a lot of information about the potential size of the upcoming crops. The Prospective Plantings report is set up to be very interesting. More than a few acres around the United States need a new home on the spreadsheets. For instance, last fall farmers seeded about 2.…

Notes from the Illinois Soybean Summit | Rockford Edition

This morning, March 11th, DTN Progressive Farmer meteorologist Bryce Anderson told farmers at the Illinois Soybean Summit weather would cap this year’s potential yields. Todd Gleason is emceeing the event, and asked Anderson if he means it is unlikely for yields to be better than USDA’s trendline. The Senior Grains Analyst for Farm Futures Magazine was also at the summit. Bryce Knorr told the group to reward market rallies.The Illinois Soybean Summit took place Friday March 11, 2016 in Rockford.

WASDE a Shade Friendly

USDA’s March World Agricultural Supply and Demand Estimates report didn’t really change much, still that seems a shade friendlier than before to University of Illinois Agricultural Economist Darrel Good.

El Niño & 2016 Corn Yields | an interview with Scott Irwin

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There continues to be an immense amount of discussion about the impact of El Niño on agriculture. Many are wondering what will happen to the Midwest corn crop this summer. Univesity of Illinois agricultural economist Darrel Good and Scott Irwin explored the historical data in order to develop some 2016 expectations. You may read their conclusions on the FarmDocDaily website. Irwin spoke at length with Univesity of Illinois Extension’s Todd Gleason about the research during WILLAg.org’s Closing Market Report.