Early short covering did little to support grain prices, as shifting weather models introduced new uncertainties. Stock movement has reverted back to trade, complicating the market outlook. The risk for old crop corn remains high, driven by fluctuating conditions and market dynamics. Meanwhile, feeder cattle prices are influenced by corn…
In the latest update to the Fortune 500 U.S.-based business list, 15 companies with strong involvement in the agriculture industry were named. The highest-ranking company was Archer Daniels Midland (ADM) sitting in 43rd place. Following ADM further down the list were Sysco, Deere, Tyson Foods, CHS, and others involved…
Bee Bum, a honeybee farm near Beatrice, Nebraska, is expecting to harvest about 6,500 pounds of honey this year. Owner Kevin Monfelt said commercial honeybee production presents many challenges and opportunities in Nebraska. Bee Bum operates 300 bee colonies and they're hoping to reach 400 colonies by next year. Monfelt…
The midday GFS forecast indicates hot and dry conditions, which could impact both global and U.S. agricultural supplies. Export sales are currently lagging, raising concerns about market performance. The importance of currency fluctuations in the global market is becoming increasingly evident. Meanwhile, the cattle market is experiencing a strong day,…
Deere & Company announced another round of mass layoffs this week, this time affecting salaried employees. Deere officials cited the declining agriculture economy as the reason for their decision. Ag Web, citing online sources, reported the layoffs could affect 4,500 to 6,000 employees once complete. The layoffs include John Deere's…
LINCOLN, Neb. — The 2024 Soybean Management Field Days will take place from August 13 to August 16. This year, the Nebraska Soybean Board (NSB) and Nebraska Extension introduce a new format, providing a unique opportunity for farmers to enhance their knowledge of soybean production, explore the new Soybean Testing Ag Performance…
The latest crop ratings are in, providing crucial data as we approach the USDA's August estimate. Speculation about potential production reductions is growing, especially as warmer weather patterns set in. Meanwhile, the Black Sea region is closely monitored due to its weather conditions impacting global markets. In the bean market,…
The corn and soybean markets today appear cautiously optimistic. The crop progress report yesterday did not bring any major surprises, but it underscored ongoing concerns about crop conditions. As we move into next week, crop conditions are likely to depend heavily on weather forecasts, which are currently mixed with some…
Western Nebraska is a low-rainfall area with annual rainfall ranging from 8 to 18 inches. Precipitation usually occurs in the early spring benefitting the predominately cool-season grasses of this high altitude (3,800-5,000 ft.) area. Unfortunately, limited summer rainfall and declining quality of cool-season pastures creates a challenge for producers needing…
Nebraska’s last two growing seasons have been plagued with drought. This year the drought has receded, and the state’s crop producers have seen marked improvement in growing conditions. Pasture conditions are also better than average for this time of year. The improvement of the past year can be seen in…
