Gold-Eagle Cooperative News

As Importer’s Need for Corn and Soybeans Seen Rising, Few Countries Currently Competing with U.S. for Export Demand
Monday, November 9, 2020

Bloomberg News reported last week that, “China’s corn imports could more than double to 17 million tons in 2020-2021 from a year earlier on prospects for a smaller domestic harvest and a recovery in demand for hog feed, according to the head of the logistics information department at COFCO Trading Co. “The increase in imports would also be to meet commitments under the U.S. trade deal, […]

Prevalence of Corn and Soybeans across the Midwest
Monday, November 9, 2020

Relative acres of corn and soybeans vary across Illinois. Northern Illinois has more corn than soybeans acres and southern Illinois has more soybean than corn acres (see farmdoc daily, October 13, 2020). We provide more information on corn relative to soybean acres across the Midwest in this article. As acreages shift across the nation, this will serve […]

USEPA Approves Three Dicamba Products for Five Years
Monday, November 9, 2020

The United States Court of Appeals for the Ninth Circuit issued a ruling on June 3, 2020 that cancelled the registration of three dicamba products XtendiMax®, FeXapan®, and Engenia® primarily used in dicamba-resistant soybean (Roundup Ready 2 Xtend® soybean). On Oct 27, 2020, The United States Environmental Protection Agency (USEPA) announced a new 5-year registration for XtendiMax® and Engenia, […]

Rising Feed Prices Affect Backgrounding Decisions
Monday, November 9, 2020

As feed prices rise, calf prices tend to trend lower, according to Karl Hoppe, the North Dakota State University Extension livestock systems specialist based at NDSU’s Carrington Research Extension Center. Feed prices have risen since last summer. For example, corn prices have increased $1 per bushel in some North Dakota markets. Backgrounding cattle is a […]

Ag Economy Barometer Rises to Record High On Improving Financial Conditions
Monday, November 9, 2020

Farmer sentiment hit a new record high in October as the Purdue University-CME Group Ag Economy Barometer climbed to a reading of 183, a 27-point increase compared to September. The reading easily eclipsed the previous record high set back in February, before the pandemic’s onset. Both of the barometer’s sub-indices also set new record highs in October. […]

German Pork “Effectively Trapped in Europe” Due to African Swine Fever, as China Rebuilds Herds
Monday, November 9, 2020

Late last week, Bloomberg News reported that, “China is flying in record numbers of pigs to improve genetics and boost productivity while rapidly rebuilding the nation’s hog population after it was decimated by African swine fever. “Some 15,346 live swine worth $32 million arrived by air in the first nine months of the year, customs data show. That’s an all-time high, according to Genesus Inc., an […]

China Has Purchased 71% of Its Phase One Target and Could Issue More Corn Import Permits
Monday, November 2, 2020

A news release from USDA on Friday stated that, “The Office of the U.S. Trade Representative (USTR) and [USDA] today issued a report highlighting the progress made to date in implementing the agricultural provisions in the U.S.-China Phase One Economic and Trade Agreement, which is delivering historic results for American agriculture. “Since the Agreement entered into force, the United States and China […]

Prevented Plant at Historic Highs Again in 2020
Monday, November 2, 2020

In March, the USDA’s Prospective Planting report initially sized up 2020 acreage at 97.0 million for corn and 83.5 million for soybeans. The June acreage report walked corn acreage back considerably, and most recently, the October WASDE has pegged 2020 planted acreage at 91.0 million for corn and 83.1 million for soybeans. How did this happen? In the shuffle […]

Be Smart About Fall N
Monday, November 2, 2020

It’s October 26 and there is snow falling outside my window in Columbia. The precip over the past week may have slowed down fall field operations a little, but we’re at or ahead of average on corn and soybean harvest according to USDA—unlike the past two years. This probably carries over to other field operations […]

For Safety’s Sake, Don’t Take Drying Shortcuts with Stored Corn
Monday, November 2, 2020

Wet weather conditions are causing concerns with the 2020 corn crop going into storage. Proper management of stored grain will be the key to eliminating risks to human health and safety later in the season. Grain that goes into the bin with higher moisture content presents a host of possible issues. It can freeze or […]

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