Planting delays continue to drive up prices in the grains complex
Corn up 2-6 cents
Wheat up 7-9 cents
Corn
Corn prices notched a new eight-year high overnight on continued concerns about planting delays across the Midwest amid unseasonably cool soil temperatures. Deteriorating corn crop conditions in Brazil also contributed to the uptick in old crop corn futures prices overnight.
USDA releases its weekly export sales report today. Trade estimates suggest 2020/21 corn export sales are likely to range between 11.8 million – 31.5 million bushels while 2021/22 sales are anticipated to come in at 2.0 million – 11.8 million bushels for the week ending April 15. No large daily export sales of corn were reported to USDA during the April 8 – 15 reporting period.
There’s growing skepticism over carbon sequestration programs that pay farmers to adopt new practices, according to a new Farm Futures survey.
In the March survey of just over 1,000 farmers, 41% ‘completely or somewhat’ supported public or private programs that would compensate their farm for engaging in climate-friendly practices. Three out of ten said they ‘somewhat’ supported the idea, but 29% had not much, or no support, for the concept.
What’s at stake
Agriculture contributes about 10% to greenhouse gas but is an industry with the unique capacity to sequester carbon, thus lowering greenhouse gas emissions. Companies unable to reduce their own carbon footprint are beginning to ‘buy’ credits through carbon marketplaces such as Indigo Carbon or Nori; these brokers help farmers adapt new practices and measure changes in order to qualify for ‘carbon credits.’ They also take a piece of the income for their efforts, and farmers get paid the rest. According to E
scyther5/Thinkstock China to reduce corn, soymeal volumes in livestock rations. (Comments are updated by 7:30 a.m. Central Time.)
Grains continue higher on spring weather concerns as markets digest potential for new global grain flows
Corn up 1-4 cents
Wheat up 3-8 cents
The latest
Feedback from the Field analysis is live on our site! In the first installment of the 2021 series, farmers across the country struggle to get a stable start to planting season amid depleted soil moisture levels and unseasonably cold temperatures.
Want to get in on the action?! Click here to take our ongoing farmer survey on crop progress at any point in the 2021 grain season. Our Google Map, updated daily, provides all past responses for farm readers. We can’t wait to hear from you!
Feedback from the Field Round-up: Week ending April 18, 2021 farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
The concept of sustainability is freely discussed in a lot of places these days from farm shops to corporate boardrooms. We wanted to dig in on what that means for agriculture and turned to Louisa Parker-Smith the new director of global sustainability at Agco.
She took on the job late in 2020, and the company recently issued an in-depth sustainability report. Just what does sustainability mean for a farm equipment manufacturer? Parker-Smith shares insight on Agco s approach including the company s work in animal agriculture too. It s an opening conversation on corporate sustainability and offers insight into what that means for the company and its customers for the future.