Noted Record Corn and Soybean Yields Forecast
Kansas State University economist Bill Tierney notes that U.S. corn and soybean yields could be record large this year, with early July models projecting national averages of 140 bushels per acre for corn and 43.2 bushels for soybeans. He warns that weather risk could still push prices down, while a weather rally might offer high prices in the near term. Forward pricing strategies for 1999 and 2000 crops are advised.
MENTIONED IN THIS ARTICLE
U.S
Kansas State University
Bill Tierney
Kstate
Tierney
fort-State Research and Extension
USDA
Economist
Kansas
Midwest
USDA lowers prices for wheat corn soybeans amid farm slump
The Agriculture Department cuts projected prices for wheat by 15 cents and corn and soybeans by five cents as crops perform better than expected. The forecast heightens pressure on Congress for farm aid while old crop demand remains steady and new crop bookings lag. Tierney notes South American production could offset U.S. gains, keeping price pressure and larger carryover stocks, with drought chances seen as unlikely outside certain regions. Tierney's analysis uses an index comparing conditions with past years.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
USDA
Congress
Tierney
U.S. Department of Agriculture
U.S
Farmers weigh risks and rewards of genetically modified crops
Farmers face mixed messages on GM crops as Bt corn and herbicide resistant soybeans spread in the U S while Europe resists approvals citing safety fears. Despite concerns, some growers report gains like easier weed control, with farmers urging careful use to feed the world.
MENTIONED IN THIS ARTICLE
Greenup
Brad Huddleston
United States
Food and Drug Administration
Ill
John Yearsley
Europe
European Union
Archer Daniels Midland Co
A.E. Staley Manufacturing Co
Cumberland County
Leroy Scott
Scott
Yearsley
Kentucky hay hotline helps farmers amid drought
Faced with intense heat and little rainfall, central and eastern Kentucky farmers sell cattle as feed and pasture vanish. The Kentucky Department of Agriculture launched a toll free hay hotline to connect hay suppliers with those in need and track offerings. Rainfall since April 1 is four to six inches below normal in much of the region.
MENTIONED IN THIS ARTICLE
Associated Press
Kentucky
Darrell Arrington
Lawrence County
Kenneth
Kentucky Department of Agriculture
Sally Wilson
Wilson
Also Mentioned on This Page
Brazil
South America
Argentina
Illinois
Ohio
Pennsylvania
Texas
Agecon.ksu
Edu
Riske
Hi-Tech Interiors, Inc
EOE
American Asphalt
Ottawa
General
American Asphalt Company
P.O. Box
Louisburg
Ottawa Herald
Gord
Jennifer Paige
Mulberry Lane
OMC
Verlin A. Ingram
N. Waco
Wichita
Chris LeDoux
Ford
Zelcemm Mielec
Karl AY
N. Main
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