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home : ag & business : ag June 24, 2016

Grains correct on wet weather forecasts
TAYLORVILLE— The grain markets erased weeks of bullish sentiment on Tuesday after weather forecasts called for some much needed rain across much of the Corn Belt. Both July and December corn contracts, in fact, finished limit down on the session.
Wednesday, June 22, 2016

U of I ag economist: Soybean stocks, acreage, and weather
URBANA, Ill. — July 2016 soybean futures have increased by 25 percent since April 1, led by the nearly 50 percent increase in soybean meal prices. Soybean oil prices declined by nearly 10 percent. According to University of Illinois agricultural economist Darrel Good, the higher soybean prices generally reflected the 200-million-bushel reduction in the estimated size of the combined Argentine and Brazilian soybean crops from March to May and the resulting surge in export demand for U.S. soybeans.
Wednesday, June 22, 2016

Grains heating up in front of acreage report
TAYLORVILLE — Grain trade has been a volatile, two-sided affair this week; July corn is trading 13 higher, but July beans are down 9 for the week. As is typically the case in June, weather remains the dominant influence, but the markets have also had some macro influences to contend with as well.
Wednesday, June 15, 2016

U of I Economist Good: Corn stocks, acreage, and yield
URBANA, Ill. — Corn futures prices have increased about 75 cents per bushel since the surprisingly large 2016 corn planting intentions were reported on March 31. According to a University of Illinois agricultural economist, the increase reflects declining South American production prospects and the associated strength in export demand for U.S. corn; expectations that planted acreage fell short of intentions; and recent yield concerns associated with an extended period of hot weather.
Wednesday, June 15, 2016

Prairie Farms donating to local food pantries
CARLINVILLE, IL — Prairie Farms is celebrating June Dairy Month by donating 14,500 gallons of milk, or 232,000 servings, to 29 Food Banks across the Midwest, including 500 gallons to Central Illinois Food Bank in Springfield. Prairie Farms delivered the milk to the Food Bank on Friday, June 10th.
Wednesday, June 15, 2016

Corn and beans rally on weather and technicals
TAYLORVILLE —The grain markets showed some strength on Friday in response to expected hot and dry weather conditions. Corn managed to gap higher on Monday, overtaking technical resistance of $4.20 in the process. For the week, July corn is nine cents higher. July soybeans are also up nine cents on week.
Wednesday, June 8, 2016

GSI Taylorville holds international pork producers tour
TAYLORVILLE — Today marks the kickoff of the World Pork Expo, an event that brings thousands of pork producers from all reaches of the globe to the Iowa State Fairgrounds.
Wednesday, June 8, 2016

U of I Extension to host Dudley Smith Farm Beef Cow-Calf Field Day
URBANA, Ill. — Higher feed prices are once again the main story reducing prospects for profitability in pork production. In the first quarter of 2016, corn prices received by U.S. farmers averaged $3.60 per bushel and high protein meal at Decatur averaged $276 per ton. Today, those prices are closer to $4 per bushel for corn and nearby meal futures are above $400 per ton. Will higher feed prices erase hog profits?
Wednesday, June 8, 2016

Corn prices to reflect summer weather and demand strength
URBANA, Ill. — With the start of the critical three-month growing season, the potential size of the 2016 U.S. corn crop will become the focus of attention. According to a University of Illinois agricultural economist, the market will follow weather conditions, crop ratings, and weather forecasts to form yield expectations.
Wednesday, June 1, 2016

Grains digest new South American updates
Wednesday, June 1, 2016

Beans correct as corn tries to maintain 4 dollar level
TAYLORVILLE — Grain trade has been mixed this week. Soybeans were overbought and have corrected on favorable weather and a firm U.S. dollar, but corn has managed to trend higher, hovering right around the $4 level. For the week, July corn is 3 higher while July beans are down 20 cents.
Wednesday, May 25, 2016

Will summer pricing opportunities materialize for corn and soybeans?
URBANA, Ill. — Following increases over the past two to three months, corn and soybean prices have traded in a choppy pattern over the past week. Prices have incorporated the information in the USDA’s May 10 World Agricultural Supply and Demand Estimates (WASDE) report that pointed to larger consumption and smaller stocks than expected for both the 2015-16 and 2016-17 marketing years.
Wednesday, May 25, 2016

Use of parasitic wasps to fight ash borer grows
DES MOINES, Iowa (AP) — Millions of tiny wasps that are natural parasites for the emerald ash borer have been released into wooded areas in 24 states as the battle against the tree-killing borer is now biological.
Wednesday, May 25, 2016

Grain markets push higher on soybean strength
TAYLORVILLE — The release of the USDA report last week fueled buying interest in the bean market in particular, which has resulted in spillover support for all grains including corn. For the week, July corn is up seven cents and July beans are up 15.
Wednesday, May 18, 2016

Assumption farm store to debut new specialty beef bred and raised locally
ASSUMPTION — They aren’t exceptionally common, but everyone has seen them. The black and white striped cows that look like Oreos. Though they are affectionately referred to as Oreo cows, they are actually called Belted Galloways and they are known for more than just their peculiar coloring; they are actually known for their meat quality.
Wednesday, May 18, 2016

Christian County Farm Bureau to showcase local farmers on farm tour
TAYLORVILLE — On June 11, 2016, Christian County residents will have an opportunity to tour three very different local farms as part of the Christian County Farm Bureau’s “A Day on the Farm” Tour.
Wednesday, May 18, 2016

Wildflowers of the week
Saturday, May 14, 2016

Ex-Kentucky basketball star Farmer files for bankruptcy
LEXINGTON, Ky. (AP) — Former state agriculture commissioner and University of Kentucky basketball star Richie Farmer, who went to prison for violating state ethics and campaign finance laws, has filed for bankruptcy.
Wednesday, May 11, 2016

Export progress for corn, ethanol, and distillers grains
URBANA, Ill. — Last week, the Census Bureau released the corn export estimate for March. Exports for the month totaled 171 million bushels, 16 million bushels larger than exports in the same month last year. Exports during the first seven months of the 2015-16 marketing year are estimated at 814 million bushels, 150 million bushels less than during the same period last year.
Wednesday, May 11, 2016

Soybeans move near limit-up out of USDA report
TAYLORVILLE — The grain markets caught a bid on Tuesday following the release of the monthly USDA supply and demand report. Beans finished near limit up on the day, which drug corn to a 12-higher close. For the week, however, May corn is only up a penny, though May beans are up fifty cents.
Wednesday, May 11, 2016

Company recalls frozen vegetables linked to listeria
SEATTLE (AP) — A Pasco, Washington, company has expanded its recall of frozen vegetables linked to a listeria outbreak that has sickened eight people.
Wednesday, May 4, 2016

Falling cattle prices: Where is the bottom?
URBANA, Ill. — Cattle prices have had a rough spring.. After peaking in late 2014 and early 2015, prices have been adjusting downward from very lofty peaks. High prices and profits at that time provided the incentives to expand beef production.
Wednesday, May 4, 2016

Taylorville High honors FFA members at annual banquet
TAYLORVILLE —The  Taylorville FFA Chapter recently held their annual Chapter banquet where several different awards and scholarships were awarded to numerous outstanding FFA members. 
Wednesday, May 4, 2016

Are large corn and soybean price swings finished?
URBANA, Ill. — Corn and soybean prices have traded in a wide range since last summer. July 2016 corn futures traded to near $4.70 in early July 2015, declined into harvest, and then bottomed at $3.51 following the release of the recent USDA Prospective Plantings report. July 2016 soybean futures traded near $10.31 in early July 2015, dropped sharply into harvest, and traded between about $8.60 and $9.30 from harvest through early April 2016.
Wednesday, April 27, 2016

THS Plant Sale Starts Thursday
TAYLORVILLE — Taylorville High School students Tommy Mollet and Madison Wilson are shown watering greenhouse plants in anticipation of Thursday’s upcoming annual plant sale.
Wednesday, April 27, 2016

T'ville FFA Members Named State FFA Proficiency Award Winners
CHAMPAIGN, Ill. — The State finals of the Illinois FFA Proficiency Awards were held Saturday April 2, 2016 at the University of Illinois in Lincoln Auditorium. Taylorville had 11 members competing for State honors which were more students qualifying for this event than any other school in the state of Illinois.
Wednesday, April 20, 2016

Soybeans react to Brazilian political, weather influences
TAYLORVILLE — Grain trade has been higher this week propelled upward by a continued resurgence in buying interest within the bean market. The extent of this rally is tied to asset allocation and dynamic short covering, maybe an attempt to buy some bean acres from corn as well. Oddly, however, the fund position suggests that there are very few shorts left to cover at this point.
Wednesday, April 20, 2016

Wildflower of the week
CHRISTIAN COUNTY —This interesting annual vine is a tropical plant native to Africa but now found growing wild from Florida to Texas. It has many yellow five petaled blossoms and uses curling tendrils to grow up fences and small trees.
Saturday, April 16, 2016

Ortho to drop chemicals linked to bee declines
DENVER (AP) — Garden-care giant Ortho said Tuesday it will stop using a class of chemicals widely believed to harm bees.
Wednesday, April 13, 2016

Several area youth attend Ill. Farm Bureau and Affiliates Youth Conference
EAST PEORIA, Ill. — More than 350 FFA members, County Farm Bureau Managers, FFA advisors from 74 Illinois counties attended the 2016 Illinois Farm Bureau and Affiliates Youth Conference, April 4-5 at the Embassy Suites, East Peoria.
Wednesday, April 13, 2016

Soybeans rally out of USDA report, corn stagnates
TAYLORVILLE — Grain markets are mixed this week with soybeans acting as the leader; the May contract is currently trading 20 cents higher for the week. Their support has been fueled by short covering and technical buying as that contract reaches into new highs for the move.
Wednesday, April 13, 2016

Monsanto misses Street 2Q forecasts on falling seed sales
(AP) — Monsanto Co. reported weaker-than-expected earnings Wednesday as the company offered price discounts to try and revive flagging sales of its biotech-enhanced seeds.
Wednesday, April 6, 2016

U of I Economist Good: Corn consumption and acreage
URBANA, Ill. — The USDA’s March 1 Grain Stocks  report released on March 31 provides an opportunity to assess the progress of corn consumption during the current marketing year and to re-evaluate prospects for the magnitude of year-ending stocks.
Wednesday, April 6, 2016

Prices hold despite swell of corn acres from report
TAYLORVILLE — It’s hard to surprise a market with bearish data when its predisposition has been overwhelmingly bearish for the past several months, but the USDA managed to do just that last Thursday with the release of their planting intentions report.
Wednesday, April 6, 2016

U of I Economist Hurt: Fewer hogs and higher prices
URBANA, Ill. — The nation’s pork producers have indicated to USDA that they are not expanding the breeding herd and, in fact, intend to reduce farrowings this spring and summer. According to Purdue University Extension economist Chris Hurt, this means pork supplies will be somewhat less than had been anticipated and that hog prices will be somewhat higher.
Wednesday, March 30, 2016

Taylorville's Collin Lynch earns Certified Crop Adviser title
TAYLORVILLE — Collin P. Lynch of Taylorville was recently certified by the American Society of Agronomy as a Certified Crop Adviser (CCA). To attain this prestigious certification, Collin passed both an International CCA exam and the Illinois CCA exam.
Wednesday, March 30, 2016

Thursday's USDA report to challenge money flows, prices?
TAYLORVILLE — The grain markets are coming into Thursday’s all-important quarterly stocks and acreage report on strong March rallies, which have been driven by money flows more than fundamentals.
Wednesday, March 30, 2016

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