Farms.com Home › News

Early Season Peanut Reminders

Feb 19, 2015

Subscribe to our Newsletters

By Nick McGhee

Here are some early season Peanut Reminders from Dr. Scott Monfort, UGA Extension Peanut Agronomist:

Remember the importance of Soil Sampling. Growers do not need to ignore deficiencies or toxicity problems. They will cost a grower yield and profit. This will be more of a problem where growers are renting new land and may not know much of the rotation or fertility history.

Growers should remember that if they are going to grow Georgia-12Y, it is susceptible to Rhizoctonia Limb Rot. Growers will need to adjust fungicide programs accordingly.

Germination Issues: Growers should consider saving about a pound of seed out of each lot they plant. The sample can be used later to help diagnose potential germination issues. The samples will need to be kept in a cool place until plants stands are assessed. After stands are assessed, the 1 pound samples can be used for germination tests or properly discarded.

Growers should not plant in April until 4” soil temperatures reach 68 degrees for 3 to 4 consecutive days with no severe cool snaps expected within 5 days.

Growers should clean and calibrate in-furrow equipment for inoculants and insecticides before they begin planting and keep a check on them as they progress through the planting season.

Source: uga.edu

Video: "Perfectly Timed" Rains: Above-Trend Corn and Soybean Yields??

Futures and options trading involves risk of loss and is not suitable for everyone.

Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

?? Stay Updated: For ongoing insights into these issues affecting agriculture, make sure to subscribe to our channel. We bring you the latest information to help you understand the dynamics affecting global agriculture and markets.

?? Join the Conversation: How do you think these developments will impact global agricultural markets? What are your views on the current weather patterns affecting crop conditions? Share your thoughts in the comments below. Your input is crucial for our discussions.