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USDA Raises Cattle Numbers Friday By:
01/30/2015 @ 3:46pm
The beef industry got a surprise on the 2pm Cattle report. Known unofficially as the Cattle Inventory report, it details all cattle alive as of January 1 by sex and…
Marketing Grain With Today's Trends Marketing Grain With Today's Trends By: 01/30/2015 @ 2:09pm Agricultural commodities have been on the defensive as of late, more so than probably expected for grains. It is late…
SoyRoy: Transitioning The Farm SoyRoy: Transitioning The Farm By: 01/30/2015 @ 1:23pm There is a lot of talk in the popular farm press about making the business transition between generations of farmers…
MARKET EYE - News from the CBOT floor

Get up-to-the-minute reports and expert commentary direct from Mike McGinnis, our Bureau Chief at the Chicago Board of Trade.

Grain Marketing Plan Popularity To Return? By: 12/24/2014 @ 5:11am

As crop prices consolidate compared to the last 4 years and production costs fail to fall, some farmers may be asking Santa Claus this year for a grain…

  • When to consider the ARC-IC Farm Bill option - 01/31/2015 03:30 PM

    The Agricultural Revenue Coverage - Individual Coverage (ARC-IC) option under the 2014 Agricultural Act (farm bill) has received little interest, compared with the Agricultural Risk Coverage - County (ARC-CO) and the Price Loss Coverage (PLC) programs. It also is true that ARC-IC requires the ...

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  • Commodity price outlook may impact more than farmers' bottom lines - 01/31/2015 01:07 AM

    Will falling grain and cotton prices take a toll on land values and cash rental rates in the Mid-South states. At the height of the run-up in grain prices in 2012 and 2013, the national average land value for agricultural cropland increased 12 percent, from $3,350 per acre to $3,810, according to USDA’s National Agricultural Statistics Service.

    Read more on Delta Farm Press
  • Biodiesel Industry Seeks EPA Help - 01/31/2015 12:33 AM

    Friday the National Biodiesel Board asked EPA Administrator Gina McCarthy to reconsider the agency's decision to ease imports of biodiesel from Argentina and to issue blending obligations for the fuel industry for last year, this year and next under the Renewable Fuel Standard. "We are ...

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  • Wheat Farmers in Kenya Battle New Race of Stem Rust Disease - 01/30/2015 11:53 PM

    As a smallholder farmer in Kenya’s Rift Valley region, he has contributed for 10 years to the country’s wheat production, which averages around half a million metric tons a year.Ng’ang’a’s autumn wheat crop failed – his meager 5 hectares (12 acres) of the high-yielding, disease resistant “Robin” ...

    Read more on Cimmyt
  • Tech Tools that Save Water - 01/30/2015 10:46 PM

    Until recently, Richard Wacker thought his 16-row strip-till machine was one of the best tools for reducing irrigation on his 4,000-acre, center-pivot irrigated farm near Yuma, Colorado. After all, he eliminated the need for 1 to 1.5 inches of water almost immediately when he began strip-tilling nearly eight years ago.

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  • Managing Compaction with Auto Guidance - 01/30/2015 10:42 PM

    Fortunately, Tim McGreal, who farms a little over 3,000 acres near Chatsworth, Illinois, has seen all of those benefits since he started using an RTK guidance system approximately nine years ago. The guidance system includes a tramline feature, which lets McGreal store and reuse the same A-B lines or wheel tracks year after year, whether he plants soybeans or corn in the 30-inch rows.

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  • Using Tech to Maximize Inputs - 01/30/2015 10:33 PM

    There isn't much waste on the 1,500 acres of corn, soybeans, and wheat that Joel Armistead produces with the help of his son, Zach, near Adairville, Kentucky. On the other hand, Armistead isn't afraid to make an investment when it has the potential to increase yields. Because of the drought that ...

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  • Crop Roundup: EPA Proposes New Requirements for Bt Corn - 01/30/2015 10:00 PM

    EPA proposes new requirements for Bt corn New framework could change the way farmers use Bt corn. Dow AgroSciences announces new quality standards for trait stacking Today Dow AgroSciences announced quality standards for glyphosate trait stacking with Enlist. Growers should know they can farm with confidence with the Enlist system." NRCS sign-up: 2015 conservation stewardship program The U.S.

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  • Tram Lines in Wheat - 01/30/2015 09:43 PM

    I was very impressed by the tram lines I saw today that were made by Stephen Houston in his wheat field. Here's some info concerning their value in small grain fields from the UGA Wheat production Guide. "Establishing a row traffic pattern at planting on soon after for all post-emergence field traffic can have merit [ ].

    Read more on Seminolecropnews
  • NDSU Sets Best of the Best in Wheat and Soybean Meetings in February - 01/30/2015 09:30 PM

    Four Best of the Best in Research and Marketing meetings have been set for February in Grand Forks, Moorhead, Minn., Minot and Bismarck. The first series of meetings will be held at the Courtyard by Marriott Hotel in Moorhead on Feb. These meetings will review research findings on issues that impact wheat and soybean production in the region.

    Read more on Farmandranchguide
  • Game day strategies for tackling your Super Bowl diet - 01/30/2015 09:00 PM

    If the calories for one serving of each of the foods bought for a Super Bowl party were added up, the number would reach over 6,000 calories, according to The Washington Post. Diet and fitness plans can go out the window easily if you don’t have a game plan for your football party. It’s hard to avoid all of the salty and sugary treats at Super Bowl Parties, even if you resolved to eat healthier throughout the new year.

    Read more on Farm and Dairy
  • Former Ag Secretary John Block's Weekly Commentary - "Oil" - 01/30/2015 09:00 PM

    Hello everybody out there in farm country. This radio commentary is brought to you by Monsanto, and John Deere. They are all friends, supporters, and allies of a healthy farm economy and prosperous rural America. And now for

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  • Dow Details Enlist Trait Stacking Standards - 01/30/2015 08:55 PM

    In accordance with its mission to provide the highest performing products to growers, Dow AgroSciences today announced quality standards for glyphosate trait stacking with Enlist. The company said it will allow Enlist to be stacked with advanced glyphosate traits only. “We’ve done it with Enlist Duo herbicide with Colex-D Technology — a proven, superior herbicide tailored for the grower.

    Read more on Croplife
  • Plant Early and Plant Often! - 01/30/2015 08:12 PM

    BECK'S Planting Date Study - 2014 Beck's Hybrids PFR program conducts more than 75 different studies across multiple locations (500+ acres) to learn how different management practices and new technologies perform in field environments. The earliest we could plant corn at the Central Illinois PFR Center was the 2nd week of April, and what corn we planted that week was amazing to say the least.

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  • Marketing Grain With Today's Trends - 01/30/2015 08:09 PM

    Typically prices have a tendency to move higher in the weeks ahead. Predicting the future is challenging, but if one assumes normal crop conditions, prices may have room to work lower. On the other hand, corn, soybean and wheat futures have been on the defensive so far in 2015. This material has been prepared by a sales or trading employee or agent of Stewart-Peterson and is, or is in the nature of, a solicitation.

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  • Outstanding Agriculture Mentors in the Field - 01/30/2015 08:04 PM

    My Mentor, My Legacy nominations rolled in, and four winners were chosen from across the nation. Whether the family farm is passed down through the generations or it's one started from scratch, it's tough to make a go of it in the ag world without some help along the way. Dad was at every event I ever participated in.

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  • Boosting Yields While Staving off the Spread of Wheat Diseases - 01/30/2015 08:01 PM

    Wheat provides about20 percent of the world’s food calories. Growing wheat to maturity can be complicated by fast-spreading virulent diseases, which threaten production and land-shortage pressures. Two among many wheat scientists in the wheat breeding program with the International Maize and Wheat Improvement Center (CIMMYT) near Mexico City, work to develop and fine-tune high-yielding, disease-resistant wheat varieties.

    Read more on Cimmyt
  • NAWG Weekly Update January 29, 2015 - 01/30/2015 07:45 PM

    Rep. Robert Gibbs Awarded Wheat Leader of the Year Award Ohio Representative Robert "Bob" Gibbs was selected for the 2014 Wheat Leader of the Year Award by the NAWG at the annual Wheat Industry Winter Conference in Washington, D.C. NAWG president, Paul Penner, a farmer from Kansas, presented Rep. Gibbs the award Wednesday morning in [ ].

    Read more on Wheatworld
  • Ron Plain: Hog Outlook - 01/30/2015 05:12 PM

    Ron Plain and Scott Brown University of Missouri ======================= The work slowdown at west coast seaports appears to be a growing drag on wholesale meat prices. Friday morning's pork cutout value was $79.21/cwt FOB the plants, down $4.50 from the week before and down $10.21 from a year ago. Against major foreign currencies, the dollar was 14% more valuable in mid January than in mid July.

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  • 2015 Taste of Elegance Finalists Selected - 01/30/2015 05:01 PM

    LANCASTER, WI – Eight chefs from throughout the state of Wisconsin have been selected to compete in the 2015 Wisconsin’s Taste of Elegance contest. The contest will be held at the Kalahari Resort and Convention Center in Wisconsin Dells on January 29. The Taste of Elegance encourages creative pork menuing and will feature original recipes from Wisconsin’s top chefs.

    Read more on Farms
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A Rough Month for Grain Markets
  • Re: Floor Talk January 30 Yep

  • Floor Talk January 30 At the close: At the close, the March corn futures settled 1 1/2 cents lower at $3.70 per bushel. March soybean futures finished 7 1/4 cents lower…

  • Floor Talk January 29 At the close: The March corn futures closed 1/4 of a cent lower at $3.73 per bushel.March soybean futures finished 2 cents lower at…