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According to Allendale, China’s top soybean buyer said they “can do without soybean supplies from the U.S. in the fourth quarter,” relying solely on South American imports.

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According to Allendale, China’s top soybean buyer said they “can do without soybean supplies from the U.S. in the fourth quarter,” relying solely on South American imports.

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“Not much news,” CHS Hedging’s Steve Hyde said. “Hopefully weather will cooperate with producers this week to allow for better spring wheat harvest. World stocks continue to grow, demand is slack, but U. S. should be in better shape to compete for business given price levels at this time.”

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The slaughter number coming in higher last week may assuage fears that there will be an oversupply of cattle, The Hightower Report said. A surge in beef prices has also boosted packer margins, which may have helped the slaughter on Saturday.

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Despite weak technical action and lower pork prices, downside in the market may be limited if exports pick up steam, The Hightower Report said.

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Coming into this week, “there is no technical sign of a low” in cattle, The Hightower report said. “If there is a sense that the industry can deal with the plant fire issue without building a massive supply of market-ready cattle, cattle futures look undervalued.”

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“Timely weekend rains over dry areas are pressuring prices overnight and early this morning,” Steve Hyde of CHS Hedging said. The rains are expected to improve crop conditions across the Midwest, as farmers turn their attention to a possibly late harvest.

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Large supply numbers and favorable weather helped drag down overnight markets entering Monday, Allendale said. “Traders will be paying attention to various crop tours and survey's beginning this week searching for clearer answers on what we can expect in the fields this yea,” Allendale said.

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Agri-View offers a schedule of events of special interest to our readers. Some events and activities might require advance registration. Email agriview@madison.com with calendar submissions.

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The University of Wisconsin-Arlington Agricultural Research Station is hosting an organic-agriculture field day. The event will showcase research regarding integrating cover crops into corn and soybean phases of rotations. That can help farmers build soil organic matter as well as reduce the amount of tillage and cultivation, according to UW researchers.

Pattison State Park located just south of Superior, Wisconsin, is situated on the Black River. It contains the highest waterfall in the state. Big Manitou Falls cascades through a gorge from a height of 165 feet. It cools onlookers with a fine mist as they view from a nearby observation platform.

Travelling through my territory these past few weeks, I am reminded of days gone by. This is not necessarily a good thing, as the days gone by that have been on my mind is the 1980s. 

I was really nailed this past week. And I have no one to blame but myself.

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The corn market rebounded again today, with more short-covering action after hitting a three-year low this week. “The market appeared to be viewed as being overdone,” Ami L. Heesch of CHS Hedging said.

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With strength in the other grains, wheat also borrowed to move slightly higher today. Strength in the U.S. dollar and plentiful supplies are limiting gains today, but scattered rains are halting spring harvest, Ami L. Heesch of CHS Hedging said.

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“New US new crop soybean sales and a drier 2 week US Midwest forecast offered support,” Steve Freed of ADM Investor Services said. “Managed funds are net short soybean futures due to drop in China demand and adequate South America supplies.”

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In weighted average negotiated prices for barrows and gilts, USDA reported;

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Cattle finished the weekend down as ideads that a surge in beef prices (now at their highest level since 2017) will spark much more active slaughter pace, The Hightower Report said.

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Boxed beef cutout values this afternoon were sharply higher on good demand and moderate offerings, USDA said.

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Members of the Price Futures Group went on a central Illinois crop tour, coming away with uncertainty. “Our reaction is that we don’t know as much about the IL corn and bean crops as we normally do on this date,” Jerry Gidel said. “What we did see was how many fields that will be heavily impacted by the next 6-8 weeks weather.”

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Now I don’t claim to be an expert on pre-war (WWII) cars, because those were well before my time! (Okay, a little before my time.) Fortunately there are a goodly number of folks out there who really appreciate the cars from that era. One of those is Phillip Karrico of Lebanon, IL.

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Wheat futures contracts are mostly 2 to 3 cents higher this morning, according to Brugler Marketing and Management.

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China made its largest purchases of U.S. pork in seven weeks, according to Allendale.

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Live cattle futures were mixed on Thursday, with October closing a tick higher, according to Brugler Marketing and Management.

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Market volumes are down to normal levels, which tells us that the worst is probably over in a rough week, according to John Payne.

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The Chinese pig herd shrank by 32.2% in July from the same month a year ago, according to Allendale.

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Corn is higher overnight and rain is expected to be widespread across the Cornbelt over the next five days, according to CHS Hedging.

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The fact that soybeans haven’t rallied after a very bullish USDA report this week is troubling, according to John Payne.

The U.S.-China tariff trade war has resulted in huge export losses to the U.S. soybean industry. However, there is a concentrated effort by groups such as the United Soybean Board (USB) and the American Soybean Association (ASA), along with related soy industries, to find new markets for U.S. soybeans.

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Painted lady caterpillars, or thistle caterpillars, in soybean fields have been the topic of many Extension calls this season, with farmers and agronomists from southern to northern Nebraska reporting high numbers.

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Most of the marketing news recently has focused on the accuracy of USDA reporting. Although this topic merits conversation, the debate doesn’t help you market grain.

The amount of uncertainty about national production and your own farm yield has put farmers in a tough place. Should you be selling growing crop now or waiting?

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Diesel-power pickup enthusiasts have been awaiting the arrival of the third generation V6 EcoDiesel engine from Ram Trucks. The 3.0-liter EcoDiesel V-6 is produced at the FCA Cento facility in Ferrara, Italy. The pickup itself is built at the Sterling Heights Assembly Plant in Sterling Heights, Michigan.

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Immersed in the daunting task of rising from this year’s historic flooding, some Nebraska producers may still be wondering if their irrigation systems are beyond repair.

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Moved cows this morning with the Boss Man at the Home Place. It’s usually not a big deal as we rotate pastures regularly, so the pairs are used to being juggled from place to place. It was a beautiful cool beginning to the day — one of those that starts getting a person excited about Husker Football and warm drinks. Then I saw it …

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KEARNEY, Neb. — Neil A. Koster, owner of Mid-Plains Equipment, Inc., said it’s all about a trusted handshake when it comes to doing business and reaching the top of his peers selling new and used trailers all the way from Canada to Alaska to Florida.

All sections of the 2019 University of Nebraska-Lincoln Testing Ag Performance Solutions Farm Management Competition are proceeding well, according to program coordinator Dr. Daran Rudnick.

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In weighted average negotiated prices for barrows and gilts, USDA reported;

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Boxed beef cutout values this afternoon were sharply higher on good demand and light offerings, USDA said.