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Friday, July 6,2012

USDA Weekly Crop Progress: Corn condition plummets

by DTN
last week and an 8 percent five-year average. “Silking reached 25 percent, meaning the crop continues to suffer through hot, dry conditions during critical maturation,” Sanow said. “This, combined with the worsening condition ratings, point to a national yield well below USDA’s 166 bushels per acre (bpa),.

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Friday, June 29,2012

Bill makes major changes to traditional farm programs

by DTN
Prior to the amendment votes, the new farm bill was scored to cost $498 billion over its five-year lifespan, or $969 billion over 10 years, based on congressional scoring procedures. The bill spends about $23 billion less than projected spending would have been if the current law and programs were extended.

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Friday, June 22,2012

EPA flyover amendments fail

by DTN
The Environmental Protection Agency (EPA) will be allowed to continue using aerial surveillance as a tool to enforce Clean Water Act (CWA) violations after the U.S. Senate last Thursday failed to pass two separate amendments to the farm bill—one to ban the practice and another to allow aerial surveillance with certain restrictions.

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Friday, June 15,2012

Farmers, Corps at odds over sediment dumping in Missouri River

by DTN
The hearing in Jefferson City, MO, was in response to protests by farmers and state officials who say that the Corps’ plan to dump nearly a million cubic yards of dredged soil from its habitat restoration projects into the Missouri River is wasteful and displays a double standard in regulation of the Clean Water Act (CWA).

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Friday, June 1,2012

Recent accidental deaths focus on need for more farm safety

by DTN
Nebraska’s Emily Guerra, age 2, died when she fell off a spooked horse while her father was helping to brand calves. Austin Reuter, a 7-year-old from Iowa, died after an ATV rolled over him during evening chores, and Travis Flory, a 3-year-old in Wisconsin, was killed when he was accidentally run over by a skid steer his brother was driving.

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Friday, May 18,2012

KCBT revises proposed trading hours to 5 p.m. to 2 p.m.

by DTN
CME Group has withdrawn its proposal to expand electronic grain trading hours to 22 hours per day, according to a Commodities Futures Trading Commission (CFTC) spokesman. The Kansas City Board of Trade (KCBT) also pulled its parallel proposal and submitted a new one, in which electronic trade would open at 5 p.

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Friday, May 18,2012

Study says ethanol decreased wholesale gas prices by $1.09 per gallon in 2011

by DTN
The production of ethanol in the U.S. reduced wholesale gasoline prices by an average of $1.09 per gallon in 2011. The research, authored by Professors Dermot Hayes and Xiadong Du, is an update of a 2009 report from CARD based on the impact ethanol has on gasoline prices.

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Friday, May 4,2012

Planting almost done

by DTN
“This was, reportedly, 10 percentage points above pre-report expectations,” said DTN Analyst John Sanow. “The most impressive showing to note is Illinois and Indiana at 79 percent and 70 percent, respectively, as compared to the five-year average of 29 percent and 20 percent.

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Friday, April 27,2012

Big 5 corn costs ramp up

by DTN
It’s no shock that input costs for corn production have staged four years of sizable price increases. But unlike past seasons, higher overheads will be exposing producers to more serious marketing risks in 2012, cautions financial adviser Sam Bachman with AgriSolutions.

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Friday, April 20,2012

Higher diesel to slice into 2012 ag profits

by DTN
Gas guzzlers beware: Higher diesel prices could take some of the fun out of farming in 2012. Assuming an Illinois corn grower averaged $2.83/gallon for diesel in 2011, each $1/ gallon increase in 2012 will shave this year’s profit margins as much as 4.5 percent, according to Sam Bachman, a financial consultant with AgriSolutions, Brighton, IL.

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