US soybeans and products added +$39.8 billion to the US economy in marketing year (MY) 22/23, according to the US Soybean Export Council (USSEC). That includes the “shining star” of the soybean complex, soybean meal, which set new records for both volume and value. Despite persistent global challenges in 22/23, USSEC says the volume of …
Americans are expected to eat 1.45 billion chicken wings and drumsticks during Super Bowl LVIII this Sunday, according to the National Chicken Council (NCC). To provide some reference, 1.45 billion wings is enough for every man, woman, and child in the United States to eat four wings each, or enough to put 693 wings on every …
Agriculture’s war against weeds is not going great. For decades, herbicides like glyphosate were a farmer’s best friend, keeping fields weed-free and crop yields high. However, over time, some weeds developed genetic mutations that allowed them to survive even heavy herbicide applications. These survivors thrived, reproducing and spreading their resistant genes, creating a new generation …
When I first started to trade professionally, I remember an old trader telling me that the bears will most always sound smarter than the bulls. In fact, he told me that the bulls are often referred to as cheerleaders. I’ve thought about those comments many times through the years and have heard many veteran investors …
The Pessimist vs. The Cheerleader… Which One Are You? Read More »
As part of ongoing efforts to help small, independent processors and ranchers, the United States Department of Agriculture has begun a pilot program that allows users to grade beef remotely. Developed by the USDA’s Agricultural Marketing Service (AMS), the agency says the “Remote Grading Pilot for Beef” (RGP Pilot) can dramatically reduce the overall cost …
USDA Introduces Remote Beef-Grading Pilot That Uses Smartphones Read More »
After more than 15 years of developing its autonomous truck driving technology, Torc Robotics is finally laying out plans for market launch by 2027. The company has been working with major trucking companies to fine-tuning the technology that Torc CEO Peter Vaughan Schmidt says will enable fleets to transport freight “faster, safer, and at a …
How Torc Robotics Aims to Put Fleets of AI-Powered Autonomous Trucks on the Road Read More »
Anger among European farmers has been boiling over for months now, spreading from Poland, Bulgaria, and Romania, to the Netherlands, Germany, France, and Ireland. Protests in the form of tractor rallies, road blockades, cow marches, and scarecrow standoffs have been staged against what farmers view as excessive bureaucracy and unfair competition from Ukraine that has …
Soperton, Georgia, is now home to the world’s very first ethanol-to-sustainable aviation fuel (SAF) production facility. The new LanzaJet Freedom Pines Fuels facility, which celebrated its grand opening on January 24, is projected to produce 10 million gallons of SAF and renewable diesel per year from ethanol. According to LanzaJet, the technology used at the …
“LanzaJet” Opens World’s First Ethanol-to-SAF Plant in Georgia Read More »
Farmers National Company (FNC) sees 2023’s sharp increase in land values slowing in this year but expects the values built over the last three years will be maintained. That’s despite increasing pressure from multiple factors, including declining commodity markets, rising interest rates, and inflation. FNC says despite the negative pressures, buyer demand remains strong for …
Limited Supply of Ag Land for Sale Should Help Market Remain Resilient in 2024 Read More »
Livestock producers can often find themselves scrambling to locate the feed they need, when they need it. The problem has been particularly acute in drought stricken regions and led a team at University of Missouri Extension to develop an online solution. The new tool, called “Feedstuff Finder,” lets farmers and ranchers find or list hay and …
NEW “Feedstuff Finder” Tool Simplifies Buying and Selling for US Producers Read More »
