The Richmond Flying Squirrels fell to the Harrisburg Senators, 4-3, on Friday night at FNB Field, snapping their franchise-record eight-game win streak.
Farmers across Indiana are planting crops amid a surge in soybean and corn prices.
The USDA Prospective Plantings Report estimates farmers in the Hoosier state will plant 5.8 million acres of soybeans, up from 5.7 million acres last year; 5.2 million acres of corn, down from 5.4 million acres in 2020; and about 400,000 acres of wheat, up from 300,000 acres the previous year.
The report projects farmers across the country will plant 87.6 million acres of soybeans, which is up 4.5 million acres as compared to last year and the largest amount since 2018. They re also expected to play 91.1 million acres of corn, the most since 2016.
Futures prices are expected to increase 25 cents per bushel for corn and 70 cents per bushel for soybeans. The United Soybean Board projects that a jump in crop futures prices will incentivize more planting, and to expect prolonged supply tightness throughout the year.
(NAFB) – The latest World Agriculture Supply and Demand report from the Department of Agriculture confirms a forecast for record soybean exports. Mac Marshall, United Soybean Board and U.S. Soybean Export Council Vice President of Market Intelligence, says the robust pace of exports this year is good news for soybean farmers.
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Tight market triggers highest corn and soy prices since 2013 as experts predict further instability
Prices for basic commodities including corn and soy continued their upward trend in December, and market experts say a looming drought in South America could trigger further instability this winter in the wake of pressing global demand.
The U.S. Department of Agriculture (USDA) made only minor adjustments to the December World Markets and Trade reports, decreasing projected production and increasing anticipated demand. The projected average price of a bushel of soybeans ticked upward 15 cents, while corn estimates remain unchanged at $4 per bushel.