American farmers this year planted more corn acres than they have since the 1930s. The September WASDE report from the U.S. Department of Agriculture (USDA) estimates now show even more of that crop heading to the bins than previously thought.
While soybean production is also expected to increase slightly from previous estimates, it is down 2 percent from last year’s totals. The American Soybean Association (ASA) has been closely monitoring the numbers, particularly since China is no longer at the buying table.
ASA President Caleb Ragland joins us on Friday’s Market Day Report for his reaction to September’s WASDE. In his interview with RFD-TV’s own Suzanne Alexander, Ragland discusses his recent warning that the soybean sector is in a “dire” situation due to trade uncertainty with China, and how this growing crisis might have a ripple effect on the markets. He also discussed the Trump Administration’s recent trade deal with Japan, one of the top 10 international markets for soy, and whether the agreement is enough to offset the loss of China as a buyer.
Ragland also addressed the recent House vote to reauthorize the US Grain Standards Act, its impact on soy, and provided an update on harvest progress in Kentucky, where he lives.
Recent developments in ag law and tax — that is the topic of today’s Firm to Farm blog post by RFD-TV-Agri-Legal Expert Roger McEowen.
December 19, 2023 02:45 PM
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December 08, 2023 09:56 AM
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The FAO Food Price Index for October 2023 is out. Where do global food prices stand, and which categories saw the largest gains?
November 03, 2023 01:42 PM
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Gov. Sarah Huckabee Sanders spoke with RFD-TV’s own Susan Alexander this Monday morning on the Market Day Report to explain Arkansas’s recently passed giving lawmakers greater authority to sanction foreign ag-land ownership within the state.
October 30, 2023 12:51 PM
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The failure of a grain elevator can cause large problems for farmers and for the local community it serves. A farmer who knows their rights and where they stand if an elevator fails can be in a better position than those farmers who aren’t as well informed. That is the topic of today’s blog post by RFD-TV Legal Contributor Roger A. McEowen.
October 04, 2023 02:46 PM
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A recent news story involving a group of farmers in Mississippi reveals the potential downside of selling grain under a deferred payment contract. The risk of deferred payment ag commodity sales and what can be done for protection—that is the topic of today’s blog post.
October 02, 2023 03:12 PM
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Is a handshake as good as your word? That is the topic of today’s blog post by RFD-TV farm legal expert Roger A. McEowen — the ability to enforce oral contracts for the sale of goods.
October 02, 2023 01:58 PM
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The USDA’s latest crop forecast for corn and soybean production will impact U.S. producers as well as make an impact on global trade.
September 20, 2023 12:25 PM
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