Kent Thiesse

The monthly USDA World Supply and Demand Estimates (WASDE) report was released on Nov. 10, which will likely impact corn and soybean markets in the coming months. The WASDE report projected significantly lower 2020-21 U.S. corn and soybean carryover estimates at the end of the current marketing...
Kent Theisse
The August 12 USDA Crop Report projected a record U.S. corn yield and record production in 2020, as well as a record 2020 soybean yield and the second highest U.S. soybean production level in history. The yield and production projections were based on conditions as of Aug. 1. Normally the record...
Since Sept. 1 there has been some noticeable improvement in both the Chicago Board of Trade (CBOT) and local corn and soybean prices in the Midwest. The price improvement has certainly been welcomed by producers who were facing crop prices well below break-even levels in early September. Obviously...
The 2019 harvest season started late in the Upper Midwest and is further delayed by wetter than normal weather in many areas. As of Oct. 15, the weekly USDA Crop Progress Report listed only 19 percent of the soybeans harvested in Minnesota, compared to a 5-year average of 62 percent harvested by...
On July 25, USDA announced the details for the $16.0 billion trade assistance package for farm operators. A total of $14.5 billion, which is the largest portion of the aid package, is designated as direct payments to farmers in the form of market facilitation program (MFP) payments. The MFP...
Warmer temperatures in late June and early July have helped improve the crop conditions in some areas of the Midwest. Earlier planted corn has made up some lost ground as far as crop development, while later planted corn and soybeans have experienced very rapid growth. However, many areas of...
Farm operators in many portions of the Midwest, including parts of southern Minnesota, northern Iowa, and eastern South Dakota will likely not be able to plant a portion of their 2019 corn and soybeans crops by the crop insurance “final planting dates” for their area. Those farmers have been...
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