Despite large corn, soybean export sales, markets close mostly lower Monday - Successful Farming

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On Monday, the CME Group’s farm markets finish mostly lower.

At the close, the March corn futures settled 5½¢ higher at $4.56½. May corn futures closed 5¼¢ higher at $4.57. 
 
January soybean futures settled 8¼¢ lower at $12.55¼. March soybean futures closed 7¼¢ lower at $12.57¼.

March wheat futures closed 12¾¢ lower at $6.14¼. 

March soymeal futures settled $1.40 short term lower at $412.70.

March soy oil futures finished 0.08¢ lower at 41.05¢ per pound.

In the outside markets, the NYMEX crude oil market is $0.55 per barrel lower (-1.14%) at $47.68. The U.S. dollar is lower, and the Dow Jones Industrials are 204 points higher (+0.68%) at 30,403 points.

On Monday, private exporters reported to the USDA the following activity:

• Export sales of 233,700 metric tons of soybeans for delivery to unknown destinations during the 2020/2021 marketing year.
• Export sales of 125,000 metric tons of soybeans for delivery to unknown destinations during the 2021/2022 marketing year.
• Export sales of 149,572 metric tons of corn for delivery to unknown destinations during the 2020/2021 marketing year.
• Export sales of 33,000 metric tons of soybean oil for delivery to unknown destinations during the 2020/2021 marketing year.

The marketing year for corn and soybeans began Sept. 1; soybean oil began Oct. 1.

Jack Scoville, PRICE Futures Group, says that investors are selling the soybean market.
 
“It looks like spec long liquidation is hitting the beans. The lack of rain in South America remains concerning and the demand reports are good today. But it has run a long way without much correction, so here we are with one going into the end of the year. The corn market is holding strong on spreads as much as anything. Wheat is getting trashed on better weather for the Great Plains and not much more,” Scoville says.

All Kluis, Kluis Advisors, says that global factors are moving the markets. 

“On Friday, the grain markets closed higher on commercial buying and continued weather concerns for South America. Dry conditions continue in southeast Brazil and large areas of Argentina. On Friday corn and soybeans again posted new highs. Corn closed 4¢ higher, soybeans were 5¢ higher, and wheat closed 2¢ higher to 2¢ lower. Continued weather concerns – as well as the ongoing port strike in Argentina – have the grain markets again moving higher,” Kluis stated in a daily note to customers.

Kluis added, “As more private analysts project an increase in inflation, many U.S. and global investors will view the grain markets as a good inflation hedge. The huge amount of debt the U.S. is creating in a low interest rate environment will provide many challenges down the road.”

The Link Lonk


December 28, 2020 at 09:49PM
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Despite large corn, soybean export sales, markets close mostly lower Monday - Successful Farming

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2020 corn and soybean yields beat USDA projections in Illinois - The Center Square

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(The Center Square) – Amid the COVID-19 pandemic and all of the related hardships, many people can't wait to see the end of 2020.

For Illinois farmers, however, the year is ending on a double high note. Corn and soybean yields are up and prices are surging.

A few months ago, the forecast for Illinois’ 2020 corn and soybean harvests was concerning. By harvest time, however, farmers were breathing sighs of relief as yields for Illinois corn and soybeans beat US Department of Agriculture predictions. A sharp rise in commodity prices rewarded sellers, particularly those who waited until later in the season to sell.

“We’ve turned around and prices have really jumped up and continue to be positive,” Scott Gaffner, assistant secretary-treasurer of the Illinois Soybean Association, said. “As far as the commodity prices go, farmers are really happy, for sure. The buying keeps going on and we are really happy with that.”

On his land in Greenville, Gaffner harvested 10% more soybeans in 2020 than he did in 2019. His corn yield was not quite as impressive. Because of replanting and a tough battle against the water hemp weed, Gaffner’s 2020 corn harvest increased by 5% over 2019.

“The timing just happened to hit us right. The rainfall happened to hit us right. Like most areas around the state, we were right around the state average or just a little bit above it,” Gaffner said.

Since he uses technology and the latest agricultural research, Gaffner said he expects his yields to increase every year.

“With the advancement in technologies, with hybrids, with precision farming, with the conservation methods we use – all the things we are doing help to drive up yield. It’s not luck,” he said.

Gaffner is kicking himself this year because he sold much of his crop a week or two too soon. Gaffner’s brother is also a corn and soybean farmer. His brother held off from signing sales contracts and was able to get more benefit from the late surge in commodity prices.

The Illinois soybean 2020 yield is forecast to be 58 bushels per acre, according to the Illinois Crop Progress and Production Report. That is an increase of 4 bushels per acre over 2019 yields. The Illinois corn harvest is up 10% over 2019 yields, according to the CPP Report.

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December 29, 2020 at 01:59AM
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2020 corn and soybean yields beat USDA projections in Illinois - The Center Square

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Corn Fiber Market 2020 Top Emerging Trends Impacting the Growth Due to COVID19 and In-Depth Compitative Intelligence - Factory Gate

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The Corn Fiber market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Corn Fiber market segments such as geography, product type & applications.

The Corn Fiber market research report has combined the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. The report also provides the scope of different segments and applications that can potentially influence the Corn Fiber market in the future.

The detailed information is based on current trends, covid impact analysis & post revenue opportunities and historic milestones. This report also provides an analysis of the volume of production about the global Corn Fiber market and also about each product type & application. Pricing analysis is included in the report according to each type, manufacturer, region, and global price from 2016 to 2026.

Request for Sample with Complete TOC and Figures & Graphs @ https://www.in4research.com/sample-request/14639

Market Segment Analysis

The Corn Fiber market research report includes specific segments by Type and Application. Each type provides information about the production during the forecast period of 2019 to 2026. The application segment also provides consumption during the forecast period of 2019 to 2026. Understanding the segments helps in identifying the importance of different factors that aid market growth.

Segmentation based on Product Type:

• Organic Corn Fiber
• Normal Corn Fiber

Segmentation based on Applications:

• Food
• Feed
• Supplements
• Other

The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. These analyses will help the reader to understand the potential worth of investment in a particular region.

Any Customization required? Ask here @ https://www.in4research.com/customization/14639

Global Corn Fiber Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the decision market to understand the strategies and collaborations that key players are focusing on combat competition in the market. The comprehensive Corn Fiber market report provides a significant microscopic look at the market. The decision-maker can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the price of manufacturers, and production by manufacturers during the forecast period.

The major players in the market are as per below:

• Tate & Lyle
• Pestell Minerals & Ingredients Inc
• BBCA Group
• Ecosupremes
• Kasyap

Any questions or want to Customization on this report, just speak with analyst @ https://www.in4research.com/speak-to-analyst/14639

Key Topics Covered in the Report:

1. Corn Fiber Market Overview (Product Overview and Scope, By Types & application: Production Growth Rate Comparison, Market Size Estimates and Forecasts, Corn Fiber Growth Prospects.
2. Market Competition by Manufacturers (Market Competitive Situation and Trends, Top 3 and Top 5 Players Market Share by Revenue, Mergers & Acquisitions, Expansion)
3. Production Capacity by Region (Production Capacity, Revenue Market Share, Price and Gross Margin)
4. Global Corn Fiber Consumption by Regions
5. Production, Revenue, Price Trend by Type (Price Tier:- Low-End, Mid-Range and High-End)
6. Global Corn Fiber Market Analysis by Application (Consumption Market Share by Application, Consumption Growth Rate by Application)
7. Company Profiles and Key Figures in Corn Fiber Business (Company, Production Sites and Area Served, Product Introduction, Application and Specification, Production Capacity, Revenue, Price and Gross Margin, Main Business and Markets Served)
8. Corn Fiber Manufacturing Cost Analysis (Key Raw Materials Analysis, Price Trend, Suppliers of Raw Materials, Proportion of Manufacturing Cost Structure, Manufacturing Process Analysis, Industrial Chain Analysis)
9. Marketing Channel, Distributors and Customers (Marketing Channel, Corn Fiber Distributors List,, Corn Fiber Customers)
10. Market Dynamics (Market Trends, Opportunities and Drivers, Challenges, Porter’s Five Forces Analysis)
11. Production and Supply Forecast (Forecasted Production, Revenue, Price)
12. Consumption and Demand Forecast (Regional Forecasted and Consumption Demand Analysis)
13. Forecast by Type and by Application (2020-2026) (Production, Consumption, Revenue and Price Forecast by Type & Application)
14. Research Finding and Conclusion
15. Methodology and Data Source (Research Programs/Design, Market Size Estimation, Market Breakdown and Data Triangulation, Data Source, Author List)

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December 29, 2020 at 02:00PM
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Corn Fiber Market 2020 Top Emerging Trends Impacting the Growth Due to COVID19 and In-Depth Compitative Intelligence - Factory Gate

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Good week for corn, soybean export inspections - brownfieldagnews.com

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News

Good week for corn, soybean export inspections

The USDA says that as of the week ending December 24^th, soybean and corn export inspections continue to run ahead of the pace needed to meet projections for the current marketing year. The 2020/21 marketing year started June 1^st for wheat and September 1^st for beans, corn, and sorghum.

Wheat came out at 303,809 tons, down 88,369 from the week ending December 17^th and 8,507 lower than the week ending December 26^th, 2019. The main destinations were the Philippines and Mexico. More than halfway through the 2020/21 marketing year, wheat inspections are 14,431,786 tons, compared to 14,486,637 in 2019/20.

Corn was reported at 993,710 tons, up 223,588 from the previous week and 584,764 higher than this time last year. The top destinations were China and Japan. Just over a quarter into the marketing year, corn inspections are 13,734,004 tons, compared to 8,052,178 a year ago.

Soybeans were pegged at 1,447,261 tons, 1,357,816 less than the prior week, but 455,460 more than a year ago. The primary destinations were China and Mexico. So far, this marketing year, soybean inspections are 36,482,110 tons, compared to 20,780,841 last year.

Sorghum totaled 205,768 tons, a decrease of 155 on the week, but an increase of 201,719 on the year. China was the biggest single destination, followed by South Africa. 2020/21 sorghum inspections are 2,137,310 tons, compared to 869,974 in 2019/20.

Tags: China, Commodities, Corn, Crops, Exports, Grains/Oilseeds, Japan, Mexico, sorghum, South Africa, Soybeans, the Philippines, USDA, Wheat

The Link Lonk


December 29, 2020 at 12:32AM
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Good week for corn, soybean export inspections - brownfieldagnews.com

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Strategies to boost corn yields - Successful Farming

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There aren’t many silver bullets for boosting corn yields. Multiple years of research at Beck’s Hybrids, however, has uncovered one surefire strategy: Replace the factory closing wheels on your planter. 

Jonathan Perkins and Joe Bolte, Beck’s Practical Research Farm (PFR) location lead and herbicide specialist, respectively, agree that using closing wheels with a finger-type edge will improve yields of spring-planted crops. The company has tested five products over the past three years, with average-bushel-per-acre increase in corn/soybeans over stock wheels. 

Assuming $4 corn and a 12-row planter, all of these options paid for themselves within 250 acres. The Yetter Poly Twister and Schaffert Mohawk had the quickest payoff, yet Perkins says, “Regardless of the wheel tested and based on what we’ve seen, anything has to be better than the solid rubber factory wheels.”

Since 1964, Beck’s Practical Farm Research program has evaluated products, practices, and systems to boost farmers’ bottom lines. There are several new PFR Proven practices for 2020. These are simply products or practices that generated a positive return on investment every year for three consecutive years. The company’s on-farm research includes 100 products and 100 studies, spread over 800 acres on 10 sites in five states. Following are additional strategies to help you boost corn yields.

• Bump up planting date. Across 17 years and in several states of research, early planting for both corn and soybeans pays off, Perkins says. For corn, “the month of April is the sweet spot,” the agronomist explains. Planting early allows for more sunlight capture and for more carbohydrates to be produced and stored for use during grain fill. Corn is less responsive to early planting than soybeans, so, in some situations, planting soybeans first may be the best plan. 

• Put starter on both sides of the row. Applying 30 pounds of N 2 inches from either side of the row and 2 inches deep – called 2×2×2 – bumps yield nearly 5 bushels per acre compared with putting fertilizer on one side only (220.3 bushels per acre vs. 215.6 bushels per acre). They tested two fertilizer products: a 50/50 blend of 28% and 10-34-0, and straight N. The yield bump appears to have come from the N instead of the P. 

Beck’s has two PFR Proven 2×2×2 products: Yetter’s Dual 2968 Series and Martin-Till’s Dual UMO. Both boost yield 7 bushels per acre. It takes the Yetter 214 acres to pay off (assuming a 12-row planter and $4-per-bushel corn). The Martin would take 402 acres to pay off.

• Apply fungicide at VT. There are three PFR Proven fungicides for corn: Trivapro, Delaro 325 SC, and Headline AMP. When applied at VT, these products delivered an additional 10.6, 8.2, and 9.4 bushels per acre, respectively, over three years of multilocation testing. The VT application timing is key to protect the plants from late-season foliar diseases and to provide plant health benefits to carry the crop to harvest. 

• Split-apply N. Corn takes up most of its N between the V8 and VT stages. Thus, split-applying N is recommended compared to putting all the N on at planting. A combination of N preplant or with the planter, plus sidedressing at V3 is an optimal way to adhere to the 4R nutrient management strategy (right fertilizer source, right rate, right time, and right place), according to Bolte and Perkins. Putting all the N on up front leads to volatilization and loss, especially during a wet spring like 2019. How much total N to put on depends on whether the crop rotation is corn-after-corn or corn-after-soybeans. If the former, a range of 220 to 230 pounds of total N per acre is recommended; whereas, 190 to 200 pounds of total N is recommended for the latter scenario. That’s based on nine years of data in multiple locations.

The Link Lonk


December 28, 2020 at 10:47PM
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Strategies to boost corn yields - Successful Farming

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Viewpoint: Brazil 2020-21 corn outlook uncertain - Argus Media

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[unable to retrieve full-text content]Viewpoint: Brazil 2020-21 corn outlook uncertain  Argus Media The Link Lonk


December 28, 2020 at 07:35PM
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Coastal Winegrape Market Won't Return to Normal Until 2023-24 - wineindustryadvisor.com

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By Barbara Barrielle

As the president of Allied Grape Growers, a cooperative of over 450 grape growers in California, Jeff Bitter has had a challenging year….like much of the wine producing community.

Bitter and his staff of eleven throughout the state represent growers with vineyards anywhere from a couple acres of grapes to thousands. They match these grape growers with buyers and, in effect, become a third party to the transaction.

One would have to be under a rock to miss what happened in Napa and Sonoma and many other growing regions this year. Early wildfires brought significant smoke into wine regions and much fruit was still on the vine. Bitter’s first Bold Prediction is that the crush across the state will be 10-15% lower than an average year, and the lightest crop we have seen since 2011. The crush tonnage will come in at about 335 million tons, or 10-15% of what we have been seeing on average for the past ten years. 

There was a lighter crop load across the state and then the scores of rejections from buyers because of smoke issues vastly complicated the crush. Much fruit just stayed on the vine and it is estimated that 240-325.000 tons were rejected or refused because of smoke exposure. Bitter’s 2021 yield estimate is 4.1 million tons.

Of the roughly 450 growers in the Grape Growers Alliance, about 125-150 are in the North Coast, 75 in Lodi and the rest in the Central Valley. The North Coast was heavily affected by smoke and there was some damage in Lodi and in pockets of the Central Valley.

His second and even Bolder Prediction is that coastal wine growing regions will not recover until 2023 or 2024, and we are just about to enter 2021. Usually these would be higher-priced premium wines and a confluence of market trends, including Covid-19, have negatively affected the short term demand but Bitter says the long-term looks healthier and holistic. A short crop and a short market will be correcting and continuing the removal of some struggling growing acreage is also positive.

“We are out of balance and long on inventory coming into 2021,” says Bitter. “The demand is trending down. Consumers are buying from grocery stores, especially during the pandemic, and are not buying higher end wines in general. The question is at what price point the shift will happen. Inventory is continuing to back up for coastal producers.”

Bitter continues, “it may be helpful to remove diseased and economically challenged older vineyards that need hand harvesting and can not be harvested mechanically, which is less costly. Then, in order to justify replanting, we have to have an increase in consumption, especially of higher end wines.” Vineyards take several years to come into production so this is an economic decision for growers and producers and depends on both demand and their ability to support the investment waiting for long-term returns. This means that a multi-year approach puts the “normal” market range in the 2023-2024 range.

Although Bitter technically only works in California with grape growers, he imagines the same pattern of behavior is happening in Oregon and Washington.Other areas may be more dependent on local support or are fully direct-to-consumer and will not experience the downturn both in production and sales. As we have seen in California, strong DTC has become crucial as on-premise wine sales have dropped significantly because restaurants have been forced to close or limit capacity.

The Grape Growers Alliance is affected as well since the organization’s income depends on proceeds from sales contracts, so, as growers are suffering, the organizations that support them do, too. The Grape Growers Alliance supports the growers with regional meetings and guidance and this has been an understandably strange year. 

“You find out who your friends and enemies are in a season like 2020,” says Bitter. “Some grape refusals were fair and others experienced wineries prematurely rejecting fruit.”

Many growers and buyers entered into post-harvest agreements where the risk still stands with the grower but the grapes were picked and accepted by the winery. After testing, if the fruit is clean then the grower receives full price and the contract is clear. Other agreements were challenged and there are sure to be lawsuits continuing into the near future.

The long-term future bodes well with a cycle of coastal fruit coming into maturity in the 2023-2024 period, low producing vineyards that don’t produce enough to command the price per ton necessary to maintain them being removed from inventory, diseased vineyards being replanted given the market needs and the resilience of the economy and demand for wine clawing its way back to the levels of a few years ago. 

This year has been one of frustration, learning and relearning, invention, sadness, financial difficulties and disbelief but the future with a vaccine, fewer wildfires and creativity will buoy the wine industry as it rebounds. Like any form of agriculture, it is hard to predict the future but worth it to make some Bold Predictions in hopes of managing expectations.

Read more Bold Predictions from industry experts.

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December 29, 2020 at 02:00AM
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