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08Jul

Tuesday Is Earliest President May Start USMCA Congressional Debate

Congress will be back in session with the House of Representatives returning on Tuesday. Tuesday is the earliest date the President can submit legislation to officially start Congressional debate on the new United States- Mexico- Canada (USMCA) agreement. Senate Finance Committee Chairman, Republican Chuck Grassley says while progress is slow, Democrats are warming to the idea of adding side agreements to the trade deal. Farm Journal Washington Correspondent Jim Wiesemeyer reporting a group of Democrats, appointed by House Speaker Nancy Pelosi, wants to...

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02Jul

Corn, Soybean Conditions Hold Steady

USDA’s Crop Progress and Conditions report on July 1 was, for the first time this growing season, a snoozer. USDA data indicates planting of corn and soybeans is for the most part complete. Still, we’re not out of the woods yet. Soybean emergence is behind at 83% compared to the five-year-average of 95%. Additionally, conditions ratings held steady last week, but still indicate yield issues could be brewing. Fifty-six percent of the nation’s corn is rated good to excellent. Surprisingly, North...

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28Jun

Quarterly Grain Stocks: Corn Down 2%, Soybeans Up 47%

Corn stocks in all positions on June 1, 2019 totaled 5.20 billion bushels, down 2 percent from June 1, 2018. Of the total stocks, 2.95 billion bushels are stored on farms, up 7 percent from a year earlier. Off-farm stocks, at 2.25 billion bushels, are down 12 percent from a year ago. The March - May 2019 indicated disappearance is 3.41 billion bushels, compared with 3.59 billion bushels during the same period last year. Soybeans stored in all positions on June...

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28Jun

USDA June Acreage Report: Corn Up 3%, Soybeans Down 10%

Corn planted area for all purposes in 2019 is estimated at 91.7 million acres, up 3 percent from last year. Compared with last year, planted acres are up or unchanged in 40 of the 48 estimating States. Area harvested for grain, at 83.6 million acres, is up 2 percent from last year. Soybean planted area for 2019 is estimated at 80.0 million acres, down 10 percent from last year. This represents the lowest soybean planted acreage in the United States since...

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25Jun

Condition Ratings, Emergence Numbers Indicate Issues Linger for Grains

Farmers across the country have battled Mother Nature for months, fighting to get corn and soybean crops planted. In this week’s USDA Crop Progress report, the agency noted that 96% of the nation’s corn and 85% of the nation’s soybeans are planted. But as emergence numbers and conditions rating imply, getting the crop planted is just the start of the battle. As of June 23, just 89% of the corn and 71% of the country’s soybeans were emerged. While those numbers...

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