More Farm News

RSS farmdoc daily
  • Prevent Plant for Corn and Soybeans, 2007-2018
    This article provides historical perspective on corn and soybean prevent plant acres. These acres are expected to be large, if not record large, in 2019; in part because corn and soybeans are large acreage crops in areas expected to have…
  • Corn Acreage and Stocks
    Corn futures prices rallied about $0.90 per bushel since the beginning of May. The rally reflects expectations that planted acreage will fall well short of March intentions and on yield concerns associated with wide-ranging late planting. Demand weakness continues to…

Agriculture News

ILLINOIS CROP PROGRESS: 88% CORN, 70% BEANS –

We’re getting there. Illinois farmers have planted 88 percent of corn and 70 percent of soybeans, according to USDA’s weekly Crop Progress report released Monday. And crops continue to emerge, although later than usual. As of June 16, USDA reported 74 percent of the Illinois corn crop has emerged compared to 51 percent a week ago. About half of soybeans have emerged compared to 25 percent a week ago. (FarmWeekNow)

Read More »

WORLD’S POPULATION PROJECTED TO NEARLY STOP GROWING –

For the first time in modern history, the world’s population is expected to virtually stop growing by the end of this century, due in large part to falling global fertility rates, according to a Pew Research Center analysis of new data from the United Nations. By 2100, the world’s population is projected to reach approximately 10.9 billion, with annual growth of less than 0.1 percent – a steep decline from current levels. Between 1950 and today, the world’s population grew between 1 percent and 2 percent each year, with the number of people rising from 2.5 billion to more than

Read More »

TRUMP’S $16 BILLION FARM BAILOUT CRITICIZED AT WTO –

The European Union joined China and five other World Trade Organization members in criticizing Trump administration’s $16 billion assistance program for U.S. farmers, indicating the bailout may violate international rules. The U.S. Department of Agriculture’s latest farmer assistance program could exceed America’s WTO subsidy commitments and unduly influence U.S. planting decisions, according to a document published on the WTO website on June 17. (Bloomberg)

Read More »

STOCKS SURGE AFTER TRUMP SAYS HE’LL MEET WITH XI NEXT WEEK –

Stocks rose sharply on Wall Street Tuesday as traders cheered news that the leaders of the U.S. and China will meet face-to-face next week to discuss their long-running trade dispute. President Trump said he will hold talks with Chinese President Xi Jinping at a summit of nations in Japan. Investors are hoping for any positive sign in the trade war between the world’s largest economies. (The Pantagraph)

Read More »

HUNDREDS OF COMPANIES DESCEND ON WASHINGTON TO FIGHT TRUMP’S TARIFFS

About 320 officials from U.S. manufacturers, retailers and other companies and trade groups are set to appear over seven days of hearings that started Monday at the U.S. International Trade Commission before panels of officials from the Office of U.S. Trade Representative and other agencies. While some companies support the duties, most are arguing that Trump shouldn’t tax their products. The U.S. companies are lining up for the hearing to drive home a now-common point: Trump’s proposed tariffs are bad for business. (Bloomberg)

Read More »

MORE RAIN COMING – FOR DAYS

The first two weeks in June brought some drier weather. Don’t get used to it. “We had a little bit of a respite there, which was good… but we’re heading right back into that wet pattern again,” said Chris Miller, National Weather Service. Why have these active weather patterns been occupying the Midwest for an extended period this year? Miller said it’s a cycle — wet weather brings more wet weather. “We’re pretty much stuck in this pattern that when a front comes through, it can’t clear the area. It just stops, returns to the north front, and it just

Read More »