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Wednesday, August 31, 2016

The Future of Agriculture Could Rest With Self Driving Tractors

The Future of Agriculture Could Rest With Self Driving Tractors

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: This survey covers 87% of corn production and 83% of soybean production in the US. Thank you to all the farmers who make this survey accurate and possible. You know your fields better than anyone else! Get the full details described by Rich Nelson, Allendale’s Chief Strategist, by listening to the following video:

Monday, August 29, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower as the US Dollar continues to work higher. Outside markets are lower as traders deal with Fed Chairman’s comments last Friday.

Thursday, August 25, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mixed with soy complex leading the weakness. Stock indices are backing away from recent highs while crude oil is finding some short covering.

Wednesday, August 24, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower as a big US harvest weighs on trader’s attitude. The US Dollar is firmer as crude prices slip. Stock Indices are higher as they trade near all-time highs.

Tuesday, August 23, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�are�lower in quiet overnight trade as the US crop continues to look great.�Outside market are also lower ahead of this week's speech by Fed Chair Janet Yellen.

Monday, August 22, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�are mixed with soybeans higher on demand from China. Corn and wheat are lower as corn production potential weighs in. Wheat is finding sellers after the recent rally due to Black Sea supplies providing export competition. The US Dollar is higher, crude oil is down more than 1.00.

Saturday, August 20, 2016

Brexit hits land value (From The Scottish Farmer)

Brexit hits land value (From The Scottish Farmer): DEMAND for rural land has fallen sharply in the past six months and prices are also expected to fall – and the uncertainty sown by Brexit is to blame.

That is the grim story being told by the most recent Royal Institution of Chartered Surveyors/RAU rural land market survey, with respondents indicating that increased uncertainty in the wake of the EU referendum and the subsequent confusion over the future of CAP payments, and low commodity prices, are denting confidence in the value of farm land.

Indiana farmland auction brings prices over $10,000 per acre

Indiana farmland auction brings prices over $10,000 per acre: �Local bidders dominated the auction of approximately 705 acres in Allen County, Indiana, with the land selling to five different buyers for a total of $6.435 million. Schrader Real Estate and Auction Company marketed the property and conducted the auction.

Friday, August 19, 2016

Change the way California farms for water safety

Change the way California farms for water safety

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower�on position evening ahead of the weekend. Crude oil is slightly lower ahead of this afternoon's rig count report.

Thursday, August 18, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower on profit taking after the recent rally. The US Dollar is making new lows for the current down trend while crude oil posts new highs

Wednesday, August 17, 2016

Price of farmland falls as concerns over future of EU payments stifle the market

Price of farmland falls as concerns over future of EU payments stifle the market: According to the latest data from the Royal Institution of Chartered Surveyors, land prices are estimated to have fallen by 4pc since the end of last year, with the average price now around �10,750 per acre.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mixed with row crops a bit higher. The US Dollar is recovering form yesterday’s loss while crude oil is lower.

Tuesday, August 16, 2016

Farmers Markets, Los Angeles, Palisaides, Kepler Farms

Farmers Markets, Los Angeles, Palisaides, Kepler Farms: Carl Kepner, 48, owner of Kepner Farms, says his career is in his blood.

With Jewish German farming ancestry on one side of his family and Spanish and Apache grocery store owners on the other, Kepner has found a happy medium as a small-scale rancher selling high-quality products at local farmers markets. And his customers are eating it up.

Indoor farms gives vacant Detroit buildings new life

Indoor farms gives vacant Detroit buildings new life: Entrepreneurs are taking advantage of inexpensive former warehouses and factories in Detroit and transforming them for agricultural use to produce local foods.

There’s a growing movement of using vacant buildings and spaces to produce lettuce, basil and kale, and even experiment with fish farming — year-round.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�are�mixed with wheat slightly lower, while corn and soybeans continue to see strength following yesterday's rally. Outside markets are mostly�higher.

Monday, August 15, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are higher on short covering and hopes that USDA gave its largest production numbers of the year. The US Dollar is slightly lower, Crude oil is higher and stocks indices are near all-time highs.

Saturday, August 13, 2016

Real World Economics: Farmland prices not done falling

Real World Economics: Farmland prices not done falling: According to the U.S. Department of Agriculture, the price of farmland, averaged across the�whole country, fell in 2015. That puts the official seal on what people involved with farming in the Midwest have felt for two years —�that the peak of the farmland price boom has passed and that there is considerable potential to fall.

Friday, August 12, 2016

Sedalia Democrat | The next generation of agriculture

Sedalia Democrat | The next generation of agriculture: Although the manner in which farming is done today has changed in some respects from that of previous generations, one thing that hasn’t changed is the ability of agriculture producers to face challenges every day to meet the goal of feeding the world.

Wisconsin Ag Connection - Bank Survey: WI Farmland Values Escalate During 2nd Quarter

Wisconsin Ag Connection - Bank Survey: WI Farmland Values Escalate During 2nd Quarter: Wisconsin continues to outpace the rest of its neighbors in the growth of farmland property values. According to the latest survey of agricultural lenders in the Seventh Federal Reserve District, state farmland values between April through June were up seven percent from a year ago, and rose five percent above the previous quarter. District wide, land values decreased one percent from the same three months compared to last year, but did move up one percent from the first quarter of 2016.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�are mixed ahead of the 11:00 AM USDA Supply and Demand data. The US Dollar and stock indices are higher while crude oil is near unchanged.

Analyst estimates�for today's USDA report have corn and soybean yields at the center of attention. For corn, the average trade guess is 170.6. For corn production the trade sees 14.757 billion bushels. They see corn ending stocks being revised up from 1.701 billion to 1.716 for old crop and from 2.081 billion to now 2.255 for new.

Thursday, August 11, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are slightly lower ahead of export data later this morning. The US Dollar and stock indices are higher while crude oil is near unchanged.

Friday’s USDA August Supply and Demand report is taking precedence over all other issues, keeping grain markets in a trading range. Yield is creating the most discussion as newswires survey of analyst has a wide range of expectations for corn. Soybean yield estimates are looking for higher average production which is the crop that could be affected by rainfall or lack of over the next several weeks.

Wednesday, August 10, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mostly higher as trade anticipates the USDA Supply and Demand data on Friday. The US Dollar is lower providing underlying support for grain exports. Crude oil is lower while stock indices remain quiet.

Weather is becoming less important as the forecast has enough rain to keep the crop rating well above average. The focus of discussion for the next few days will be US corn yields. Current range of estimates are 167 to 175 for corn.� Soybean attention is on export demand.

Tuesday, August 09, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are�lower�as trade estimates begin to circulate for Friday's USDA Supply and Demand report.

Corn was rated 74% good to excellent in yesterday's Crop Progress report. Analysts had been expecting a 75% rating. 53% of the crop was rated in the dough stage, while 9% was denting.

Soybean ratings came in at 72% GTE with 91% booming and 69% setting pods. The GTE rating was inline with estimates.

Spring wheat, which is now 30% harvested, was rated 68% GTE. The harvest estimate was a little better than analysts were expecting.

Monday, August 08, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are higher led by the soybean complex. Chinese demand is the key driver as soybean sales continue to grow. Wheat gets help from large fund shorts. Outside markets are higher as traders start the week with a risk on attitude.

The week ahead will have traders watching the weather forecasts however the hot dry window is closing and of course we’ll be waiting for talk of frost. This week traders will be adjusting positions ahead of the August USDA Supply and Demand report.

Analyst estimates on corn and soybean yields will be bountiful this week. Informa’s numbers released late last week was a bit smaller than trade was hoping.

Friday, August 05, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are higher on�position evening ahead of the weekend and after yesterday's low volume trade. Traders will watch for any new export announcements this morning for signs of continued demand strength.

Weekly corn export sales released yesterday had sales of 1,227,394 metric tonnes (331,142 old 896,972 new). That was just over the 800,000 - 1,200,000 trade expectation. Shipments, however, should be the focus, not just sales. Actual shipments of old crop corn total only 1.592 million bushels. Allendale sees this year's remaining shipments at 204 million and donations of 46 million. This brings us to a working old crop corn "export" of about 1.842.

Soybean sales over the past week totaled 1,670,347 metric tonnes (542,185 old 1,128,162 new). That was within the 1.1 - 1.8 million expectation. Current sales total 1.926 million bushels. Current soybean shipments total 1.697 million bushels. We would expect 109 million bushels more by the end of August. Along with a minor adjustment for donations we would assume 1.816 in total exports based off our shipment model. That would surpass USDA's 1.795 estimate.

Thursday, August 04, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are higher as traders look for bargains. The large expected US crop is creating a headwind as traders look for answers on upcoming USDA Supply and Demand report. US Dollar is higher while crude oil and stocks are lower.

Allendale’s Weather Model which is based on the most recent weather data is currently projecting a 170.4 bpa for corn and 47.0 for soybean yields.

Wheat prices bounce off of contract lows and prices not seen since 2006. The large managed money fund position last week is expected to increase on Friday's CFTC report. Problems with EU wheat harvest and potential quality concerns are starting to tip the thinking that world buyers may have to come to the US eventually.

Wednesday, August 03, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mostly higher on short covering after a sharp decline. Crude oil recovers and the US Dollar is higher. Stock indices continue on a weak path.

New crop corn futures hit 3.19 � in the September contract. Is that close enough to last year’s target low trade has been touting?

Soybean traders are facing the fact that weather conditions for the balance of August does not provide many problems for bean development. Analysts estimates are now raising national soybean yields which increases the potential carryover for 2016/17. The reluctance of managed money to reduce net long positions over the past several weeks also provides a negative bias.

Tuesday, August 02, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets�are mixed following yesterday's sharp soybean drop and better than expected crop progress report.

Weather maps�show a good forecast for development and a very good sized crop.

Crop conditions continue to look impressive in the U.S. Yesterday afternoon, USDA rated corn at 76% good to excellent, even with last week. Estimates were for the crop to fall 1% in GTE. 91% was reported silking, while 30% was doughing.

Monday, August 01, 2016

China to Cut Corn Acreage by 9% by 2020, Agriculture Minister | Successful Farming

China to Cut Corn Acreage by 9% by 2020, Agriculture Minister | Successful Farming: China, the world's second-biggest corn consumer, will reduce planted acreage for the grain by 3.3 million hectares or 9 percent by 2020, said a top agriculture official, a cut seen as unlikely to significantly dent the country's huge oversupply.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mixed as we start a new month of trading. �Weather expectations and lower crude oil prices are providing the selling attitude.

The weather forecast over the next 15 days shows temps normal to above normal but rains normal to above normal as well. Trade is concerned that�warm temps could cause reduced yields.