USDA Weekly Crop Progress - Corn Harvest Still Behind Normal Pace; Winter Wheat Condition Below Aver

OMAHA (DTN) -- The U.S. corn harvest made up some ground last week, but continued to trail the five-year average pace for the week ended Sunday, Oct. 29, according to USDA's latest Crop Progress report released on Monday. USDA estimated that 54% of corn was harvested as of Sunday, down from 73% a year ago and 18 percentage points behind the five-year average of 72% harvested. That represented a slight improvement from last Monday's report when the corn harvest trailed the average pace by 21 percentage points. "Monday's harvest progress was neutral for corn prices," said DTN Analyst Todd Hultman. Sixty-six percent of the corn crop was rated in good-to-excellent condition, resulting in a DTN C

September Agriculture Prices Received Decreases, Prices Paid Ticks Up

September Prices Received Index Decreased 1.7 Percent The September Prices Received Index (Agricultural Production), at 91.8, decreased 1.7 percent from August 2017. At 88.6, the Crop Production Index increased 1.3 percent. The Livestock Production Index, at 94.8, decreased 3.8 percent. Producers received lower prices for cattle, hogs, and broilers but higher prices for market eggs, lettuce, and apples. Compared with a year earlier, the Prices Received Index increased 6.3 percent. The Crop Production Index increased 5.7 percent and the Livestock Production Index is up 7.0 percent from September 2016. In addition to prices, the indexes are influenced by the volume change of commodities produc

8 points from the latest Federal Reserve Ag Finance Databook

Report shows decline in equipment purchase loans. After dipping three quarters ago, farm lending activity picked up in the third quarter to a level similar to a year ago, according to the latest Federal Reserve Ag Finance Databook. The recent stabilization in lending activity may suggest that borrowers and lenders have made some adjustments alongside reduced profit margins and spending that have persisted for several years. Although farm lending appeared to stabilize in the third quarter, liquidity remains a concern for some borrowers and also for some lenders. Some borrowers may find it increasingly difficult to obtain credit amid low profits. Meanwhile, rising loan-to-deposit ratios at man

USDA Weekly Crop Progress - Soybean Harvest Picks Up Speed; Corn Harvest Falls Further Behind Normal

OMAHA (DTN) -- The U.S. soybean harvest picked up speed while the corn harvest continued to fall further behind the average pace for the week ended Oct. 22, according to USDA's latest Crop Progress report released on Monday. USDA estimated that 38% of corn was harvested as of Sunday, 21 percentage points behind 59% last year and also a five-year average of 59% harvested. In last Monday's report, the corn harvest was 19 points behind the average pace. Sixty-six percent of the corn crop was rated in good-to-excellent condition, resulting in a DTN Corn Condition Index of 157, up 2 points from the previous week. DTN's index is down from 175 a year ago and is still lower than the previous three y

NOAA: La Nina likely this winter

Drought likely to persist in northern Plains. Forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center released the U.S. Winter Outlook this week, with La Nina conditions potentially emerging for the second year in a row as the biggest wild card in how this year’s winter will shape up. There is a 55-65% chance that La Nina will develop before winter sets in. “If La Nina conditions develop, we predict it will be weak and potentially short-lived, but it could still shape the character of the upcoming winter,” said Mike Halpert, deputy director of the Climate Prediction Center. “Typical La Nina patterns during winter include above-average precipitati

USDA Weekly Crop Progress - Corn, Soy Harvest Still Behind Normal Pace

OMAHA (DTN) -- Corn and soybean harvest continued to fall further behind the average pace during the week ended Oct. 15, according to USDA's latest Crop Progress report released on Monday. USDA estimated that 28% of corn was harvested as of Sunday, 19 percentage points behind the average pace of 47%. In last Monday's report, harvest was 15 points behind the average pace. "Estimated harvest percent completed lost another 4 percentage points to average last week. If considered at all, these numbers would be viewed as neutral," said DTN Senior Analyst Darin Newsom. Soybean harvest progress also fell further behind normal. USDA estimated that 49% of the crop was harvested as of Sunday, 11 percen

USDA Weekly Crop Progress - Corn, Soy Harvest Continues to Slip Further Behind Average Pace

OMAHA (DTN) -- Corn and soybean harvest continued to slip further behind the average pace during the week ended Oct. 8, according to USDA's latest Crop Progress report issued Tuesday. The report was delayed from its normal Monday release due to the Columbus Day holiday. USDA estimated that 82% of corn was mature as Sunday, 5 points behind the five-year average. Harvest progressed to 22% complete, 15 percentage points behind the average pace of 37%. In last Monday's report, harvest was 9 points behind the average pace. "Estimated harvest percent completed lost another 6 percentage points to average last week. If considered at all, these numbers would be viewed as neutral," said DTN Senior Ana

First glimpse at your winter’s weather

Except for the eastern Corn Belt, dryer weather may dominate early winter in much of the country. Too early for accurate winter weather forecasts? You might contend so. But AccuWeather meteorologists have almost bone-chilling accuracy. So here’s a quick peek at the first glimpse of winter for the major U.S. regions from Paul Pastelok, AccuWeather’s lead long-range forecaster. Cold and snow for Northeast, Mid-Atlantic A chilly winter is in store for the Northeast and Mid-Atlantic, particularly when compared to last year. For most of both regions, this will translate to an above-normal snow season. “Areas in the I-95 corridor will average close to normal, within a few inches,” says Pastelok.

Ag producer optimism about future wanes in September barometer

Sub-indices of current conditions and future expectations shift in opposite directions. Producers' optimism about the future of the agricultural economy fell in September, according to the Index of Future Expectations, a sub-index of the Purdue University/CME Group Ag Economy Barometer. The overall Ag Economy Barometer held steady from August to September with a reading of 132 as its two sub-indices — the Index of Future Expectations and the Index of Current Conditions — shifted in opposite directions. The Index of Future Expectations fell seven points to 130 in September, while the Index of Current Conditions climbed from 122 in August to 135 in September, reaching its second-highest level

Weed war may wound beneficial soil bacteria

Cornell researchers discover glyphosate may stunt certain beneficial soil bacteria used as biocontrols. With the fast-rising national interest in soil health, university researchers are digging into potential unintended effects of herbicides, insecticides, fungicides and biocides — direct-applied and seed treatments on soil microbiome. Much is unknown about combination effects of active ingredients, inert ingredients, salts, surfactants and tankmixes. However, new research findings are discovering unexpected interactions. For instance, as you battle aboveground weeds, you may inadvertently cause underground casualties — beneficial bacteria. Cornell University researchers recently found negat

Farmer’s Almanac Just Released Some Surprising Winter Predictions

Great news for all of you winter weather lovers: this upcoming season is going to be a COLD one! We know, we know—we can practically hear the grumblings from the sun worshippers already, and for good reason. Many parts of the U.S. and Canada will not be SEEING the sun for days on end. Here’s the scoop… The Old Farmer’s Almanac—the most trusted source in weather predictions since 1792—has just released a report that details some surprising forecasts for winter 2017-2018. According to the expert meteorologists working with the organization, upper North America will likely be experiencing colder temperatures than last year, a factor that could be blamed on lower-than-normal solar activity. The

Washington Ag Issues Outlook For October

Bring in the cavalry: October could be the month Agriculture Secretary Sonny Perdue finally gets some help running USDA. The Senate Agriculture Committee held a confirmation hearing in late September on the nominations of Stephen Censky for deputy secretary and Ted McKinney for the newly created trade undersecretary - both of whom have solid support. Expect a vote early this month to send their nominations to the floor. The committee also seems poised to move quickly on two more nominations for USDA undersecretary posts: Bill Northey, to lead farm services, and Greg Ibach, to head regulatory and marketing programs. Both were nominated in September and will go in front of the committee for a

USDA Weekly Crop Progress - Corn, Soy Harvest Fall Further Behind Average Pace

OMAHA (DTN) -- Corn and soybean harvest fell further behind the average pace during the week ended Oct. 1, according to USDA's latest Crop Progress report issued Monday. USDA estimated that 68% of corn was mature as Sunday, 10 points behind the five-year average. Harvest progressed to 17% complete, 9 percentage points behind the average pace of 26%. In last Monday's report, harvest was 6 points behind the average pace. Corn condition was rated 63% good to excellent, up 2 percentage points from 61% the previous week. That resulted in the DTN Crop Condition Index increasing 5 points to 150 points, still well below the previous year's 175 points. "If considered at all, these numbers would be vi

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