Farms.com Home   News

US Seeding Intentions Dependent On Weather Says Market Analyst

 
There is currently an oversupply of oilseeds in the marketplace, as confirmed by last Friday's USDA Prospective Plantings Report.
 
As of March 1st, US farmers said they intended to plant a record high 89.5 million acres of soybeans this year.
 
Estimated US corn acres for 2017 are down four per cent from last year, while wheat would be at its lowest total planted area since records began in 1919.
 
Dan Basse, president of Ag Resource Company in Chicago, explains how the markets are reacting to that news.
 
"Markets have been reacting positively on corn and wheat and negatively on soybeans as one would imagine," he said. "We're concerned about US weather. As we look at the planting season forthcoming here for corn, we've got too much rain in the forecast for the Midwest. It doesn't look like corn seeding is going to start anytime soon."
 
Source : Portageonline

Trending Video

Demco Liquid Tender Trailer Evolution — Mixing, Plumbing & Automated Tender Solutions

Video: Demco Liquid Tender Trailer Evolution — Mixing, Plumbing & Automated Tender Solutions

Take a deep dive into the evolution of the Demco Liquid Tender Trailer—one of the most popular tender systems in agriculture over the past six years.

In this video, Benji Van Green, Director of Sales at Demco, walks through how customer feedback has shaped the trailer into a complete, high-efficiency chemical handling and mixing platform for modern spraying operations.

Key Features:

— NEW Automated Dura Mixing System

— High-capacity tank system

— Advanced tender options

— And more!

Designed to function like a grain cart for sprayers, the Demco Liquid Tender Trailer keeps self-propelled sprayers moving, reduces downtime, and improves efficiency across multiple spray passes each season.