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  • 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

EU AGREES TO TAKE MORE US BEEF

The European Union has agreed to assure the U.S. gets majority of its annual beef quota after months of negotiations and more than 20 years of friction over the subject of non-hormone beef trade. The EU has pledged to phase in over seven years a new quota protocol that will give U.S. exporters 35,000 metric tons of Europe’s 45,000-ton tariff rate quota for beef from animals that were never treated with growth hormones. It’s unclear how long it will take for the deal to be implemented. The European Commission said Friday that it may take months for it to be

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MEXICAN SENATE COMMISSIONS PASS DRAFT LAW TO RATIFY TRADE DEAL

Several commissions in Mexico’s Senate on Friday approved a draft law that would ratify the trade deal with the United States and Canada meant to replace the North America Free Trade Agreement, the Senate said in a statement. The law to create the United States-Mexico-Canada Agreement, or USMCA, is slated to be voted on in the full Senate on Tuesday. In the United States, President Donald Trump’s administration has been pushing Congress to speed up a vote on the agreement, but the Democratic-led House of Representatives has sought more time to review the deal. (Reuters)

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PLANTING PROGRESS BRIGHTENS ILLINOIS CROP OUTLOOK –

Illinois farmers proved again last week that given a chance to get in the fields, they can accomplish a lot in a short time. USDA’s weekly Crop Progress report released Monday shows farmers planted nearly 30 percent of both the corn and soybean crops last week. Illinois planting progress jumped to 73 percent complete for corn and 49 percent finished for beans, both significant improvements over the previous week. USDA will update its production and acreage estimates Tuesday. (FarmWeekNow)

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HIGHER ETHANOL GASOLINE ALLOWED YEAR-ROUND, BUT NOT SOLD IN MANY PLACES –

Although the federal government has approved year-round sales of E15, don’t expect to see it at every pump anytime soon. “You just can’t get that infrastructure changed quickly. It’s unlikely many gas stations will change from E10 to E15,” said Wally Tyner, agricultural economics, Purdue University. Industry cost estimates for new pump and storage tank installation would likely prohibit the fuel to be taken up by smaller companies. Rural areas may experience more pressure to install because farmers want to support each other, Tyner said. (Columbus Dispatch)

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PERDUE: NO TRADE AID FOR UNPLANTED CROPS –

The Agriculture Department won’t pay farmers for unplanted acres under its new $16 billion trade-relief program, Secretary Sonny Perdue announced Monday evening. But Perdue said USDA is considering whether it can make “minimal” payments to producers who file for prevented planting insurance and also plant cover crops that are eligible for trade aid. Perdue also promised more details of the second trade aid program would be released “in the coming weeks.” (Politico)

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IDOA EXTENDS DICAMBA APPLICATION TO JULY 15 –

The Illinois Department of Agriculture (IDOA) announced on Tuesday it will extend the application date that dicamba can be applied on soybeans in Illinois for the 2019 growing season until July 15. “Due to the extraordinary wet weather seen in this state during the spring planting season and with still over 50% of the soybean crop to be planted, the IDOA will extend the application date to apply dicamba until July 15th,” said John Sullivan, Director, IDOA. “This decision was not taken lightly, however, farmers have been under intense pressure related to the extreme wet weather conditions and hopefully this

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