News & Podcasts

Key points pulled from the episode

• ▸Bob Worth is facing higher fertilizer prices for his corn and soybean crops.
• ▸Suppliers are reluctant to provide pricing, indicating uncertainty in the market.
• ▸This situation is causing anxiety among farmers regarding their operational costs.
• ▸Rising input costs could impact planting decisions and crop yields.

Key points pulled from the episode

• ▸Corn is seeing profit-taking as traders adjust positions.
• ▸Soybeans are benefiting from favorable weather, suggesting a large crop potential.
• ▸Localized weather concerns exist but are not impacting the national outlook significantly.
• ▸Wheat is stabilizing, indicating a period of consolidation in the market.

Key points pulled from the episode

• ▸September corn prices fell to $4.48, down 9 cents.
• ▸Chicago wheat prices remained unchanged at $6.52 and 3/4.
• ▸Soybean prices saw a slight increase, now at $11.66.
• ▸Cattle futures are down, with October live cattle at $220.05.

Key points pulled from the episode

• ▸Butter prices increased to $1.4875 at CME.
• ▸Nonfat dry milk is contributing to higher cash dairy prices.
• ▸Dry whey prices saw a slight decrease to $0.67.
• ▸Cheese block prices rose to $1.61, indicating strong demand.

Key points pulled from the episode

• ▸Kip Tom discusses the need for modernization of USDA's NASS data collection.
• ▸Current polling for USDA reports has dropped to just over 30%, raising reliability concerns.
• ▸Farmers are advocating for more frequent updates and better data sources, including satellite technology.
• ▸The modernization effort aims to enhance decision-making for farmers amid changing market conditions.

Key points pulled from the episode

• ▸U.S. hay production is down due to lower yields.
• ▸Alfalfa and mixtures production decreased by 5%.
• ▸Other types of hay production dropped by 10%.
• ▸Weather issues are a significant contributing factor.

Key points pulled from the episode

• ▸Corn prices are predicted to stay above $4 this fall.
• ▸New crop contracts are approaching $5 per bushel.
• ▸Ed Usset believes a price floor has been established.
• ▸Prices may revisit June lows but won't drop below $4.

Key points pulled from the episode

• ▸China purchased over 80% of U.S. soybean export sales last week.
• ▸Favorable pricing has improved demand for U.S. soybeans.
• ▸New crop corn sales were down but still solid overall.
• ▸The dominance of China in soybean exports may affect pricing strategies.

Key points pulled from the episode

• ▸Armyworms and webworms are increasing in Kansas, threatening soybean yields.
• ▸Damage has been observed particularly in the southern regions of the state.
• ▸Crop health expert Jarrod Nicholson highlights the urgency of monitoring these pests.
• ▸The rising insect pressure could impact overall soybean production and market dynamics.

Key points pulled from the episode

• ▸Summer heat is reducing milk production, impacting cheese supply.
• ▸Strong protein demand is exacerbating the supply issue.
• ▸Processors are facing challenges securing milk for cheese production.
• ▸Short-term price boosts may not be sustainable long-term.

Key points pulled from the episode

• ▸Bayer has signed a licensing agreement with RAGT for hybrid wheat.
• ▸The partnership aims to enhance Bayer's wheat portfolio with new genetics.
• ▸Diverse germplasm from Europe will be introduced to the U.S. market.
• ▸This move could reshape the hybrid wheat landscape for U.S. farmers.

Key points pulled from the episode

• ▸CONAB raised Brazil's corn production estimate to 142.995 million tons.
• ▸This marks a 0.9% increase from July and a 1.3% rise from 2025.
• ▸Soybean production estimates have been slightly reduced.
• ▸The upward revision in corn is attributed to improved second crop yields.