Christine's Feed
Apr 2, 2015

U.S. wheat crop worries build as drought expands in Plains, West

CHICAGO, April 2 (Reuters) – Drought pressures intensified
in the U.S. Plains hard red winter wheat fields in the past week
with rain forecast next week only for the northern portions of
the belt while many parched western areas will likely remain
dry, meteorologists said on Thursday.

The weekly U.S. Drought Monitor, issued on Thursday by state
and federal climate experts, said nearly 36 percent of the High
Plains from Kansas to North Dakota was in moderate to
exceptional drought, up from 28 percent a week ago.

Mar 31, 2015

Iowa farmland prices down 7.6 percent in 6 months – survey

CHICAGO, March 31 (Reuters) – Farmland prices in Iowa, the
top U.S. corn and soybean state, are down by an average 7.6
percent over the past six months and 11 percent from a year ago,
pressured mainly by lower grain prices, according to a survey
released Tuesday.

The report by the Iowa Realtors Land Institute said that all
nine Iowa crop acreage districts showed a decrease in value
since September 2014, ranging from 4.6 percent in the southwest
to 11 percent in the northeast.

Mar 30, 2015

U.S. soybean plantings seen up in 2015 despite falling prices, corn lower

CHICAGO, March 30 (Reuters) – U.S. farmers will plant more
soybeans, sorghum and other grains than last spring, and less
corn, a more expensive crop to grow, as they face their tightest
finances in a decade, analysts said before the government’s
closely watched plantings report on Tuesday.

“When push comes to shove it’s really going to be that corn
acreage number that’s going to be the main focus,” said
Jefferies Bache grains analyst Shawn McCambridge.

Mar 27, 2015

USDA says extending farm bill signup for another week to April 7

CHICAGO, March 27 (Reuters) – U.S. farmers will have another
week to enroll in the government’s new subsidy programs under
the five-year farm bill, with the deadline extended to April 7,
the U.S. Department of Agriculture said on Friday.

The final day for farmers to update their crop acreage and
yield history, the first step to qualify for the new subsidies,
will be extended to April 7. The farmers had already had the
deadline to update their acreage data extended by one month to
March 31.

Mar 27, 2015

Forecaster sees favorable weather for U.S. grains this season

CHICAGO, March 26 (Reuters) – A cool April in the U.S.
southern Plains and Delta region will slow some planting of
corn, soybeans and other crops but below-normal rainfall across
the main crop belt should prevent any major planting delays this
spring, an agricultural meteorologist said on Thursday.

“We’ll see delays continue across some southern areas but
when you get into the major production areas I don’t think we’re
going to have any major delays,” Kyle Tapley with MDA Weather
Services told a spring outlook conference.

Mar 26, 2015

USDA says a quarter of farmers yet to select subsidies

CHICAGO, March 26 (Reuters) – About 25 percent of U.S.
farmers have yet to make their final selections for the
government’s new crop subsidies with the deadline to enroll less
than a week away, the U.S. Department of Agriculture said on
Thursday.

Grain farmers have until next Tuesday to choose between the
federal government’s new subsidy programs created under the 2014
Farm Bill – agricultural risk coverage (ARC), which is a
price-average option, and price lose coverage (PLC), which is a
fixed-price program.

Mar 19, 2015

U.S. spring planting stalled in South but Corn Belt set for early start

CHICAGO, March 19 (Reuters) – Planting is expected to start
early in the northern U.S. Corn Belt after a dry winter but
seeding is behind schedule in southern crop areas where it’s
been too wet, U.S. government forecasters said on Thursday.

“I would expect planting to go a little better in the upper
Midwest this spring than it will in the Ohio River Valley,” Brad
Rippey, a meteorologist with the U.S. Department of Agriculture,
told reporters at a spring outlook presentation.

Mar 19, 2015

No relief in sight for Western drought in NOAA spring outlook

CHICAGO (Reuters) – Drought pressures will increase in California and western areas of the United States this spring even as the dry season begins, the government’s Climate Prediction Center said on Thursday.

“Periods of record warmth in the West and not enough precipitation during the rainy season cut short drought relief in California this winter and prospects for above-average temperatures this spring may make the situation worse,” Jon Gottschalck, chief of the Operational Prediction Branch at the Climate Prediction Center, said in issuing its spring outlook.

Mar 17, 2015

U.S. farmers seen cutting back on pricey fertilizers, may hit corn

CHICAGO, March 17 (Reuters) – U.S. farmers will likely use
less nitrogen fertilizer this season with the cost sky-high even
though the price of natural gas, the key ingredient to make it,
is down 40 percent from last year.

The reduction in usage should hit corn plantings more than
other crops, since nitrogen is the key booster of corn yields.

Feb 27, 2015

U.S. crop insurance floor prices expected to drop again in 2015

CHICAGO, Feb 27 (Reuters) – Crop insurance price guarantees
for U.S. corn, soybeans and spring wheat in 2015 will fall 10
percent or more based on futures settlement prices for February,
grain analysts said on Friday.

The U.S. Department of Agriculture’s (USDA) Risk Management
Agency (RMA), which oversees the multibillion-dollar crop
insurance program, by law uses the average price in February for
harvest-time grain futures contracts to set the “floor”
price that private insurers must guarantee farmers who sign up.

    • About Christine

      "As community editor for Thomson Reuters global on-line chatroom for grains traders and analysts, the Global Ags Forum, I lead chats on the latest factors driving grains and oilseeds markets worldwide, organize chat events with expert industry sources and promote the room to potential market players. Based in Chicago, I also report on U.S. cash and futures grains and oilseeds markets."
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