Tight marketing conditions have caused many growers to store larger amounts of grain for longer periods. To help producers work through some potential grain storage issues, University of Kentucky College of Agriculture, Food and Environment specialists are hosting the Postharvest Grain Management Meeting Feb. 28. Registration will begin at 8 a.m. CST at the Daviess County Extension office in Owensboro.
Read MoreLatest newsletter from Dr. Todd Davis. Articles include: corn and soybean production estimates, break-even analysis, storage considerations and risk management.
Read MoreLatest Crops Marketing and Management Update from Todd Davis.
Read MoreThe November WASDE made minor changes to the 2017-18 wheat supply and demand projections, which is typical as there is little new production or demand information until the “final” estimates in January.
Read MoreA key component of marketing stored grain is monitoring local basis and understanding the seasonal components of basis. Figure 1 and Figure 2 show the monthly average corn and soybean spot basis, respectively, for 12 Western Kentucky markets. Notice that basis tends to follow seasonal patterns with the widest level at harvest with appreciation into spring and early summer.
Read MoreGrain markets this fall are suggesting producers should store their corn and soybeans. The question is whether storage is going to pay off.
Read MoreThe August and September Crop Production reports disappointed market bulls as expectations were that a less than perfect growing season would produce trend-line or below-trend yields. The potential of a smaller crop would then allow stocks to decline and provided a needed boost to market prices.
Read MoreThe Kentucky Soybean Board partnered with the University of Kentucky College of Agriculture, Food and Environment to develop an app to help soybean producers accurately calculate and compare the price offered by elevators, with consideration to delivery costs and high-moisture penalties for harvested grain.
Read MoreHigh corn and soybean yields, a large carryover from 2016 and transportation challenges have combined to put pressure on grain markets this fall. Many farmers are looking at every available storage option.
Read MoreThe U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) released the August Crop Production report today, showing the soybean production is forecast to be 10 percent higher than 2016. Corn and hay production reports also available.
Read MoreKentucky grain farmers are harvesting corn and are getting to the point where they will decide if and how much wheat they will plant this fall. The main changes this year are a modest increase in wheat prices, a small increase in soybean prices, and a slight decrease in nitrogen prices. These changes will make planting wheat more attractive relative to last year.
Read MoreJuly issue of the UK Crops Marketing and Management Update from Dr. Todd Davis.
Read MoreIncludes Summary of Pennyroyal Grain Farms for 2016 and U.S. Prices Received By Farmers 1990 - 2016
Read MoreThis update focuses on the timing of implementing risk management products. From 1994 to 2016, June tends to provide the best opportunities for price risk management.
Read MoreUSDA's latest World Agriculture Supply and Demand Estimates Report on coarse grains and oilseeds.
Read MoreThe May report provides USDA’s initial projections for the 2017-18 marketing-year. Market analysts have been discussing since last fall the acreage shift away from corn and wheat towards soybeans and the impact on ending stocks.
Read MoreThe January 2017 newsletter provided an initial risk management game plan for 2017 corn and soybeans and provides detail about this example of developing a pre-harvest risk management plan that combines Revenue Protection insurance to protect the pre-harvest sales from production risk.
Read MoreA severe freeze in mid-March has likely damaged much of the wheat crop in Kentucky. The extent and severity of the damage will be better known one to two weeks after the freeze when baseline estimates can be made.
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