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NDSU Extension Agronomists Seek Soybean Production Data

A team of North Dakota State University Extension Service agronomists and county Extension agents is embarking on a three-year statewide project aimed at generating baseline producer data on current soybean management practices in North Dakota.

The project goal is to identify the key factors that prevent North Dakota soybean producers from obtaining yields that potentially should be possible on their respective farms. The term used for the difference between the yield that is possible on their fields each year and what yield they actually achieve is called a “yield gap.”

The goal is to use survey data to help producers get soybean yields that in the future will be closer to the potential soybean yields that are possible on those fields, once the survey team identifies what production system factors are holding back current soybean yields.

“The team intends to involve soybean producers in each of the soybean-growing counties in North Dakota,” says Hans Kandel, NDSU Extension agronomist and project coordinator. “We would like to know where the soybean fields are located, the yield of the soybean crop grown and as much information as we can obtain about the crop management and field.”

Kandel continued, “Information gathered from a large number of soybean producers will help us determine what production factors might be the most important among producers relative to limiting yields of soybean. We anticipate that producers may best remember yields and related agronomic data for the 2015 season because they just harvested those fields. However, we would very much appreciate additional data from fields planted with soybeans in 2014.”

Data from producers will be kept confidential and only aggregated data will be presented in the results. Participating growers will obtain the survey report data and will be able to evaluate their farming practices with the established benchmark figures obtained from the survey. During the 2016 season, the survey teams also will conduct actual field observations.

Source:ndsu.edu


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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.

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