Value of U.S. corn, soy, and wheat crops slips
The farm-gate value of this year's U.S. corn, soybean, and wheat crops would be nearly 8 percent lower than the 2023 crops due to the continuing decline in commodity prices, according to USDA estimates of season-average prices.
U.S. farmers head for back-to-back 15 billion-bushel corn crops
Growers are planting more corn than expected this year and the result could be the second harvest in a row to exceed 15 billion bushels, according to a USDA survey of growers and projected yields per acre. The mammoth crop, only slightly smaller than the record set last year, could drive down farmgate prices for corn.
EPA calls for lower-polluting buses and heavy trucks
Manufacturers of heavy-duty trucks and buses will be required to produce vehicles that reduce greenhouse gas emissions by as much as 60 percent by model year 2032 under a new EPA regulation. The agency said a variety of technologies can be used by truck makers to meet the tailpipe emissions target, from cleaner-burning internal combustion engines to hybrids, electric vehicles, and hydrogen fuel cells.
U.S. farmers lean into soy but pull back on corn and wheat in 2024
Farmers are expected to plant an estimated 86.5 million acres of soybeans this year, up 3 percent from last year, and dial back their corn acreage by 5 percent and their wheat acreage by 4 percent, according to the USDA’s annual Prospective Plantings report, released Thursday.
Analyst: Record U.S. corn and soybean crops are possible this year
U.S. farmers will plant enough land to corn and soybeans this spring to put record harvests within reach with normal weather and “trend-type” yields, said an S&P Global update. It was the second report this week to suggest that despite the USDA’s projection of a shift toward soybeans, many farmers will stick with corn.
Lower corn production costs in U.S. than in Brazil
Although the cost of production rose in both countries in 2023, U.S. corn growers have an advantage over their Brazilian rivals with lower per-bushel costs, said four agricultural economists at the farmdoc daily blog. The United States grows three times as much corn as Brazil, but Brazil is forecast to be the world’s top corn exporter for the second year in a row.
Presidential election in Mexico could change corn policy, says Vilsack
Mexico might review, and potentially remove, its ban on imports of genetically modified white corn following its presidential election on June 2, said Agriculture Secretary Tom Vilsack on Sunday. "That would be my hope," said Vilsack. The new president, likely to be a woman for the first time, would take office on Oct. 1.
U.S. corn crop is the largest ever, says USDA
Farmers are harvesting the largest U.S. corn crop ever grown, 15.2 billion bushels, and only the third crop on record to top 15 billion bushels, said the Agriculture Department.
Corn and soybeans rule the acreage roost
For the past 30 years, U.S. farmers have increased dramatically the amount of cropland that is planted to corn and soybeans — from 45 percent in the mid-1990s to 60 percent now — say four agricultural economists at the farmdoc daily blog.
Big corn and soybean crops in 2023, but lower farm-gate value
The farm-gate value of U.S. corn and soybeans, the two most widely grown crops in the country, will fall 16 percent compared to last year's harvests due to a steep drop in commodity prices, according to USDA data. The season-average price for corn was forecast to be $1.70 a bushel below the near-record prices paid for the 2022 crop, and soybeans were expected to be $1.50 a bushel below last year's price.
Incentive payments help farmers start with cover crops, says report
Nine out of 10 farmers say they definitely or probably will stick with cover crops after the expiration of financial incentives to add the crops to their operations, said a report based on a survey of 795 farmers nationwide. Half of the participants in the National Cover Crop Survey said they had received some sort of payment for cover crops in 2022.
Ukraine grain exports to suffer as Russia blockades Black Sea
The United States will work with allies to find new ways to get Ukrainian grain onto the world market following Russia's decision to effectively blockade its ports again, said an administration spokesman on Monday. Nonetheless, exports from Ukraine, a leading supplier of wheat, corn, and sunflower oil, are sure to decline with the demise of the year-old Black Sea grain agreement, he said.
Corn and soy join wheat in U.S. export retreat
Competition from South America will crimp U.S. corn and soybean exports over the summer, according to a forecast by the Agriculture Department in its monthly WASDE report.
Drought spreads across the corn and soybean belt
Drought covers large portions of the Midwest from Ohio to the Missouri River, said the weekly Drought Monitor on Thursday. Less than an inch of rain fell in eastern Nebraska during May, and half of Illinois was in drought, an increase of 20 points in one week.
U.S. ratchets up corn dispute with Mexico
The Biden administration asked for USMCA consultations with Mexico over its ban on imports of GMO corn for human consumption, the last step before filing a trade complaint in the long-running dispute.
CBO adds 2 percent to cost of farm bill programs
Higher enrollment in SNAP and lower commodity prices will boost the 10-year baseline for the farm bill to $1.48 trillion, the most expensive ever, said the Congressional Budget Office in an updated projection of federal spending. The baseline sets the limit for spending in the new farm bill. …
EPA issues emergency waiver for summertime sale of E15
For the second year in a row, the EPA said it would waive air pollution rules and permit summertime sale of E15 — gasoline with a 15 percent mix of ethanol — on an emergency basis, even though fuel prices are roughly 57 cents a gallon lower than they were a year ago.
U.S.-Mexico corn dispute could drag on all year
If the United States takes its complaint against Mexico's ban on imports of GMO white corn to a USMCA panel, it could take 155 days — until late December or even January — for a final resolution, although a U.S. victory is likely, said three Ohio State University analysts.
Bigger global corn crop this year, says IGC
World grain supplies will rise marginally in 2023/24, buoyed by larger corn harvests in the United States, the EU, and Argentina, said the International Grains Council on Thursday. The council’s monthly Grain Market Report said corn production would rise 4.5 percent, to reach 1.202 billion tonnes worldwide.