You are here
Big in ag: Frost & USDA reports
Farmers in the northern Corn Belt are winding down the week with some nippy temps that are creating some anxiety about whether the corn and soybean crops were hurt by the frost and freeze.
It's a little early to tell now what it will mean to this winter's weather in the U.S. and its effects on the grain markets, but one thing's sure: the latest models show growing La Nina conditions in the Pacific Ocean.
Harvest is rolling and yields are coming in higher than earlier expected in southern IA and central IL.
On Monday, USDA released its monthly crop production and supply/demand reports. Both crop size and supply were cut for U.S. corn, but demand was trimmed as well, making the initially bearish numbers ultimately neutral after they were trumped by world economic and weather factors.
what's your crop look like? The most drought-parched fields in the Corn Belt may not gain yield potential between now and harvest, but cooling temperatures will minimize drought harm.
Recovery from this year's drought may be a little longer for southern Plains pasture land. This week, a report showed some pasture in Texas could take 2 years to recover from this year's drought.
Look for seed corn costs to be 5% to 10% higher for the 2012 crop, according to a report from Monsanto this week. Those higher prices reflect the growing value of new technology, one executive said.
Interest rates are at an all-time low. So, what will happen to your farm when rates start to go up? It was a hot topic for discussion this week in Farm Business Talk.