Rain needed in western Grain Belt soon

Over the next two weeks, below-average rains and seasonally warmer temperatures are expected across the northwestern and western Grain Belt. Such conditions will increase the need for timely rain, namely in the Dakotas and from northeastern Nebraska into Wisconsin. As of Apr. 11, corn [...]

USDA sees higher 2019/20 corn acreage, soybean acreage down sharply

USDA’s Office of the Chief Economist forecasts a sizable drop in soybean acreage. According to the agency, 2019/20 soybean planted acreage may drop 8 percent to 82.5 million acres from 89.1 million acres this year. Corn planted area, on the other hand, is expected [...]

Tariff aid focus on U.S. soybean farmers disappoints corn farmers

USDA announced more details on financial aid to farmers hurt by trades disputes. Direct payments to growers will total $4.7 billion, with $3.7 billion for soybean farmers, who will receive $1.65 per bushel on 50 percent of their projected production. For comparison, payments for [...]