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Tag Archives: wheat

#Illinois #Plant17 Progress – May 14

Corn planting reached 75% for the week ending May 14, while the amount of days suitable for fieldwork varied widely across the state. There were an average of 1.9 days suitable for fieldwork statewide. Corn emerged reached 7%, compared to 61% last year and the 5-year average of 50%. Corn condition was rated at 3% very poor,… read more

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WHEAT LAWSUIT GETS GO AHEAD

Few companies need wheat as much as Kraft Foods, which uses it to make snacks, including Oreos, Ritz crackers, Wheat Thins and Chips Ahoy! But the food giant hasn’t always paid what it should for the cereal grain, according to federal regulators who say executives at the firm cooked up a scheme to manipulate the… read more

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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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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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HARVEST FINISHING

USDA’s weekly Illinois crop report indicates farmers are closing in on the finish line. 96% of corn and soybeans are harvested statewide.  89% of winter wheat is planted, with emergence well ahead of last year’s pace.

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HEAVY RAINFALL TARNISHES QUALITY OF ILLINOIS WHEAT CROP

Many wheat growers have seen decent yields across Illinois, but heavy rainfall late in the growing season diminished much of their crop’s value. Farmers have faced several problems including disease and poor quality wheat.

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WEATHER RALLY

Grain markets ripped higher Friday with our persistent and excessive wet weather pattern driving the shorts out of the markets.  For the week, corn has gained 32 cents, wheat 66 and beans 47.  

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SOUTHERN ILLLINOIS WHEAT

The Southern Illinois Wheat Tour concludes Thursday night in Brownstown.  Check FarmWeekNow.com for updates.

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WHEAT TOUR

Southern Illinois Wheat Tour Thursday, May 21 will be hosted by the Illinois Wheat Association. The tour will give producers an opportunity to make crop observations and make yield estimates of the 2015 winter wheat crop. Details at FarmWeekNow.com.

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CROP ACRES TO DECLINE

USDA forecasts that farmers will scale back plantings of the 8 major field crops by nearly 5% – a total of 12.3 million acres – over the next 5 years in response to sustained, lower commodity prices. The biggest cutbacks will be in wheat and soybeans.

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