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Big in ag this week: Combines get rolling

  • 01

    Corn harvest really got rolling this week in the Midwest, and that sent cash corn basis levels plummeting. Some say this could present some major selling opportunities soon.

  • 02

    Meanwhile, soybean farmers in the northern Corn Belt spent this week taking stock of crop damage from last week's frost and freezing temperatures in parts of Minnesota, South Dakota, North Dakota, Iowa and Wisconsin.

  • 03

    Some analysts say the market's headed lower, something that could be confirmed by the number of farmers with 2011 and 2012 grain already forward-contracted. But despite continued worries about falling demand and eroding prices, there's still some upside potential in the trade, farmers say.

  • 04

    The grain markets are paying close attention to harvest progress, but other market factors like China's corn demand and the outside markets remained big factors this week.

  • 05

    Lawmakers said this week farm program funding is a likely candidate for the chopping block, with things like direct payments and crop insurance in the crosshairs.

  • 06

    Wheat farmers in the Plains are busy trying to get their crop planted, but some are delayed by ongoing drought. In the spots where rain's fallen the last few days, though, planting conditions have improved immensely.

  • 07

    It's another repeated refrain on what's seemed like a broken record in recent months: Farm land rents are heading higher in 2012, according to new information from Purdue University released this week.

  • 08

    If you're a college football fan, you've no doubt heard about the ongoing conference shuffle. But, what about bringing together the ag schools into an "Aglands Athletic Conference?" Hey, we can dream, can't we?

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