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Thursday, March 31, 2016

Drought Rapidly Expanding Across Kansas - Market News - News | ProFarmer

Drought Rapidly Expanding Across Kansas - Market News - News | ProFarmer: According to the updated National Drought Monitor, drought is rapidly expanding across Kansas, with 74% of the state now impacted by some form of drought, an increase of 17% from the previous week. Drought also expanded across Oklahoma, with 59% of the states now covered, compared to 35% the previous week. Texas has 25% now covered by drought, an increase of around 10% from the previous week.

USDA Delivers ‘Big Shock’ in Corn, Wheat Acres | Agweb.com

USDA Delivers ‘Big Shock’ in Corn, Wheat Acres | Agweb.com: “The big shock was in the acres report,” said Jerry Gulke, president of the Gulke Group in Chicago, speaking with Farm Journal Radio after USDA released its grains stocks and Prospective Planting reports Thursday. “Last year, we planted 88 million acres, and this year’s estimate is 93.6 million… that’s almost 4 million acres more than the average trade guess. There were a lot of people who were wrong, and wrong big time.”

Women Farmers Band Together To Vent, Seek Support And Exchange Ideas : The Salt : NPR

Women Farmers Band Together To Vent, Seek Support And Exchange Ideas : The Salt : NPR: Aubrey Fletcher knew she wanted to work on a dairy farm ever since she was a little girl.

"I do remember my mom asking, 'Are you sure that's what you want to do?' " Fletcher recalls. She knew the work would be tough — she grew up milking cows every day. But it's what she wanted.

Analysts Brace for Bearish News in Grain Stocks | Agweb.com

Analysts Brace for Bearish News in Grain Stocks | Agweb.com: “Generally, the trade is looking for a bearish report, with quarterly stocks up year-over-year for all three major grain markets,” said DuWayne Bosse, of Bolt Marketing in Britton, S.D.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are quiet with minimal change ahead of the USDA reports. The US Dollar continues to decline as equity indices remain firm.

The report everyone has been waiting for will be released at 11:00 am CT. Trade average estimate for Corn planted acreage is 89.972 million acres, soybeans 83.057 million acres and wheat 51.702 million acres.

Below is how much one million acres planted could impact ending stocks, according to Rich Nelson, Allendale’s Chief Strategist: