Slight Net Farm Income Bump - USDA Forecasts Higher Net Farm Income for 2017 After Three Years of De

OMAHA (DTN) -- It may not offer much solace to producers facing Texas floods or drought in the Northern Plains, but USDA on Wednesday projected a small upturn in net farm income for 2017. In its August update forecasting farm income, USDA bumped up net farm income for 2017 to $63.4 billion nationally, a $1.9 billion increase, or 3.1% higher than 2016's net farm income. The stronger forecast comes mainly from $9.7 billion more in cash receipts from farmers selling crop inventories, USDA stated. Despite the small bump, that $63.4 billion in net farm income is still lower than every year from 2010 to 2015, a reflection of just how low farm income dipped last year. Net farm income peaked in 2013

July Farm Prices Received Drops, Prices Paid Unchanged

July Prices Received Index Down 2.9 Percent The July Prices Received Index (Agricultural Production), at 95.3, decreased 2.9 percent from June 2017. At 86.3, the Crop Production Index decreased 1.1 percent and the Livestock Production Index, at 104.0, decreased 3.1 percent. Producers received lower prices for cattle, broilers, and calves but higher prices for market eggs, hogs, and wheat. Compared with a year earlier, the Prices Received Index is up 5.3 percent. The Crop Production Index increased 2.1 percent and the Livestock Production Index 8.3 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of grape

USDA Weekly Crop Progress - Report Neutral for Corn, Bearish for Soybeans

OMAHA (DTN) -- Soybean conditions improved slightly last week while corn conditions continued to hold steady, according to USDA's weekly Crop Progress report released Monday. USDA estimated soybean conditions at 61% good to excellent as of Sunday, Aug. 27, up 1 percentage point from 60% the previous week. That resulted in a DTN Soybean Condition Index of 147, which is up 4 points from the previous week. The index is down from 175 a year ago and is lower than the past three years. "Monday's report is bearish for soybeans," said DTN Analyst Todd Hultman. USDA said 93% of soybeans were setting pods as of Sunday, even with a year ago and above the five-year average of 92%. Six percent of soybean

USDA Weekly Crop Progress - Report Neutral for Corn, Soybeans as Conditions Remain Mostly Stable

OMAHA (DTN) -- Crop conditions were mostly stable last week with corn condition unchanged from the previous week and soybean condition up just 1 percentage point in the good-to-excellent category, according to USDA's weekly Crop Progress report released Monday. USDA estimated that 62% of corn was in good-to-excellent condition as of Sunday, Aug. 20, the same as the previous week. That resulted in a DTN Corn Condition Index of 149, up 1 point from the previous week, said DTN Analyst Todd Hultman. DTN's index is still down from 180 a year ago and is close to corn's rating of 148 in 2013. Slight improvement was shown in the Dakotas from a week ago. Corn progress continued to run slightly behind

USDA Weekly Crop Progress - Report Remains Neutral for Corn, Soybeans

OMAHA (DTN) -- Corn condition improved slightly from the previous week while soybean condition was down by 1 percentage point, according to USDA's weekly Crop Progress report released Monday. USDA estimated that 62% of corn was in good-to-excellent condition at the end of last week, up slightly from 60% the previous week. That resulted in a DTN Corn Condition Index of 148, up 5 points from the previous week. DTN's index is down from 179 a year ago and is still lower than the past four years, according to DTN Analyst Todd Hultman. Corn progress continued to lag behind the normal pace with 97% of the crop silking as of Sunday, down from 99% a year ago and below the five-year average of 98%. Si

USDA Weekly Crop Progress - Report Neutral for Corn, Soybeans

OMAHA (DTN) -- Corn condition was down just 1 percentage point from the previous week while soybean condition was up by 1 point, according to USDA's weekly Crop Progress report released Monday. USDA estimated that 60% of the U.S. corn crop was in good-to-excellent condition as of Sunday, Aug. 6, down from 61% the previous week. That resulted in a DTN Corn Condition Index of 143, also down 1 point from the previous week. DTN's index is down from 178 a year ago and is still lower than the past four years, said DTN Analyst Todd Hultman. Ninety-three percent of corn was silking as of Sunday, down from 96% a year ago and below the five-year average of 94%. Forty-two percent of corn was in the dou

June Ag Prices Paid And Received Decreases 0.1%

June Prices Received Index Decreased 0.1 Percent The June Prices Received Index (Agricultural Production), at 98.1, decreased 0.1 percent from May 2017. At 87.2, the Crop Production Index increased 0.3 percent. The Livestock Production Index, at 107.3, increased 0.6 percent. Producers received lower prices for cattle, celery, and tomatoes but higher prices for oranges, hogs, milk, and lemons. Compared with a year earlier, the Prices Received Index is up 4.6 percent. The Crop Production Index decreased 1.4 percent but the Livestock Production Index increased 9.6 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly mov

Farmer sentiment at highest level since January

Expectations of higher commodity prices contributed to improvement. The Purdue/CME Group Ag Economy Barometer turned higher in July following several months of stagnation. The index of agricultural producer sentiment, which is based on a monthly survey of 400 agricultural producers from across the country, reached 139 in July – its highest level since January 2017 and its second-highest level since data collection began in October 2015. Additionally, the July index exceeded recent barometer readings by eight to nine points -- breaking out from a range of 130-131 during the months of April, May and June “Overall, farmers' sentiment this summer has been significantly more positive than it was

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