Record soybean yields and soybean markets that have held relatively strong have turned the Corn Belt (and northern Plains) farm economic outlook from grim to at least break-even. That prediction is of course only applicable to those acres planted to soybeans.What is wheat really worth? That’s a very good question. WPI has written often recently about another giant world wheat crop this year as well as how a much larger share of it is not milling quality and must find a home in feed channels. That will be tough with corn supplies also building. Below are examples of actual cash prices that farmers are receiving for a few different classes of wheat:
Western Kansas hard red winter wheat: $2.70/bushel ($99/MT). Northern Plains hard red spri...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
