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Tag Archives: Corn

ACREAGE FORECAST

U.S. farmers will expand their plantings of corn by nearly 3% in 2016 while scaling back slightly on soybeans, according to a survey of growers released by Illinois-based research and brokerage firm Allendale Inc.

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FARMING FOR PROFIT

A new study from Iowa State University agronomists shows significant portions of Iowa farmland consistently lose money and could influence many farmers to change how they use some of the acres they devote to corn and soybeans.

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NEW CORN HERBICIDE RECEIVES EPA REGISTRATION

The U.S. Environmental Protection Agency has approved the registration of Resicore herbicide, which will be available to growers for the 2016 growing season. Resicore is a premix herbicide with three active ingredients and three modes of action, as reported by Agriculture.com.

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ARGENTINA UPDATE

Starting today, Argentines will have full access to U.S. dollars. The exchange rate will be allowed to float after years of strict central bank control, prompting what is expected to be a 30% devaluation of the peso. Soybean exports from there expected to rise sharply.

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IOWA FARMLAND VALUES DECREASE

Iowa farmland values have tumbled nearly 13% since peaking in 2013 with lower corn, soybean prices.  The statewide average price of an acre is $7,366.

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EXPORT TAXES DROPPED

The new Argentine president today eliminated export taxes for grains, and lowered the rate on soybeans.  In the case of soybeans the rate will fall from 35% today to 30%, while for corn (20%), wheat (23%) and meat (9%) will be eliminated entirely.

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EPA BOOSTS AMOUNT OF ETHANOL IN GASOLINE SUPPLY

The Obama administration is boosting the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply. The Environmental Protection Agency on Monday announced a rule to increase production of ethanol to be blended with gasoline through 2015. The decision doesn’t necessarily mean a higher percentage of ethanol in a driver’s tank, but… read more

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EXPORT TAXES

The new Argentine president will start off his new administration by eliminating the export taxes on corn and wheat. Mauricio Macri will also drop the soybean export tax rates by 5% a year until it is eliminated in seven years.

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STABLE SEED PRICES

A top executive at Monsanto Tuesday suggested the company expects 2016 corn seed price increases only in the low single digit gains, similar to their plans last year at planting time.  He said soybean pricing plans will be released at later date.

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FARMERS PLEASED

As harvest ends, local farmers are pleased with crop yields. Farm manager Kurt Bangert says corn yields have ranged from 200 to 250 bushels per acre; soybeans ranged between 60 and 80 bushels/acre, as reported by the Pantagraph.

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