American President Donald Trump has authorized the department of agriculture to provide up to US$16 billion in assistance program payouts to American farmers. The announcement comes after President Trump directed Agriculture Secretary Sonny Perdue to create a relief strategy to support its farmers for the long-run as the country continues a trade war with China…. Read More

The U.S. government announced details of its $12 billion trade aid package on Monday, including nearly $4.7 billion in direct payments to American farmers based on their 2018 production. Direct payments Initial payments will be available on corn, cotton, dairy, hog, sorghum, soybean, and wheat starting September 4. “Early on, the President instructed me, as… Read More

Soybean futures took a 42-cent tumble on Friday after the USDA surprised the market with a 51.6 bushel/acre yield estimate for the U.S. crop — approximately two bushels higher than the average trade guess. The projected yield increase translated into a record 785 million bushel carryout projection (up from the department’s 580 million bushel estimate in… Read More

The latest USDA Cattle on Feed report shows once again that the “wall” of cattle was not an unreasonable description. Thankfully, sustained consumer demand has helped greatly. The June report met expectations and further confirms what a bulk of analysts have been talking about the entire 2018 marketing year. Anne Wasko, with Gateway Livestock Exchange… Read More

Grain markets lost a fair amount in the second week of July and heightened geopolitical risk (read: trade war) and some decent-looking crops have negatively impacted grain prices. The latter factor was surmised by this week’s July 2018 WASDE report, which provided a reset of the goalposts when it comes to global agricultural supplies and… Read More

Grain markets had a very rough week heading into the middle of June, surrounded by trade uncertainty and positive crop conditions. In fact, forget about crop conditions. Or rainfall. Or heat units. Whether or not the borders are open for business has become the only fundamental factor that really seems to matter to the direction… Read More

A ‘good rotation’ is often thought of as a cropping plan that involves diverse species, cultivars, and chemical actives. But that definition may be expanding, thanks to an ever-evolving understanding of soil health. “When you look at that environment, you kind of come down to five principles on soil health,” says United States Department Agriculture… Read More

The USDA released its monthly World Agricultural Supply & Demand Estimates (WASDE) report today. Here’s a summary from Matthew Pot, author of Grain Perspectives: Corn: Corn futures increased by 3 cents today after the USDA threw a curve-ball by increasing corn yields well above the market expectations. The average trade estimates were between 169.7 and 169.9… Read More

Grain markets continue to shift lower as harvest pressures – namely better-than-expected yields. A stronger Canadian Loonie put pressure on cash prices on the northern side whereas the weaker U.S. dollar has helped offset harvest pressures a bit. For the week, corn lost 0.55% while soybeans gained 0.7%. Canola was just 0.2% lower while oats… Read More

U.S. Agriculture Secretary Sonny Perdue visited the Farm Progress Show in Decatur, Illinois on Wednesday, where he scrummed with the media and was pressed on the fact that there are mixed messages coming from the White House on trade. As Canada, the U.S. and Mexico head into round two of NAFTA talks this weekend, President… Read More