As the 2014-15 crop marketing year draws to a close, let's look at how basis fared in the past 12 months. In general, at the end of August 2015, corn, soybean and wheat basis is about 30 to 40 cents weaker than the 5-year averages for each crop.
As if pressure from agriculture, industry, states and others suing the U.S. Environmental Protection Agency to stop the waters of the United States rule wasn't enough, a number of environmental groups filed suit Friday in a federal court in California, hitting the rule from a different angle but based on many of the same reasons argued so far by many other plaintiffs in courts across the country.
Heavily influenced by aggressive pressure across the stock market and widespread global market pressure, energy markets turned aggressively lower Monday. This pushed crude oil futures well below $40 per barrel, and moved RBOB gasoline contracts under $1.50 per gallon in front-month futures.
8/31 8:07AM December corn is down 2 1/4 cents, November soybeans are down 9 1/4 cents, and December Chicago wheat is down 4 cents.
Mostly Dry Monday8/31 5:53AM Light rain is in store for portions of the far Northern Plains, lower Ohio Valley and the southeast coast Monday. The rest of the primary U.S. and Canadian Prairies crop regions will be dry.
Ken Franklin is watching his central Illinois soybean crop for diseases this fall so he knows what preventative steps to take next spring. (DTN photo by Pamela Smith)
Stay on Top of SDSScout for Disease Now and Plan Ahead8/14 11:22AM The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields across the Midwest. Now is the time to scout and evaluate variety performance and plan ahead for next year.
Fri Aug 14, 2015 09:28 AM CDT In this week's Crop Tech Corner, researchers are collecting the data necessary to someday let producers scout weeds remotely, a university released a soybean yield app, and UK scientists discovered that soil bacteria can help waterproof plant roots.
Mon Aug 24, 2015 11:15 AM CDT What are these crusty scabs on my cattle?
Good Iowa land sold for about $500 per acre more in this week's survey than it did since bottoming in May. (DTN graphic)
Iowa Land Gets a BounceFarmland Gloom and Doom May Be Overrated8/24 11:34AM Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opinion surveys of farm real estate trends show. But bankers, farmers and real estate appraisers may be overreacting in areas where crops look great.
Mon Jul 27, 2015 12:00 PM CDT Some cover crop seed companies are expecting a rise in sales later this summer after widespread flooding and rainfall this summer left many acres empty of crops. At the same time, the drought out West could limit some supplies.
Mon Aug 17, 2015 04:15 PM CDT Despite big gains in efficiency, the politics of the California drought have fallowed a half-million acres and are reconfiguring the state's agricultural machine.
Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time this year, but they also are requiring renters to share crop insurance yields, soil tests and other data operators collect on their rental farms.
Cash Rent Reset - 2Landowners Won't Bend Much8/28 8:45AM Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time this year, but they also are requiring renters to share crop insurance yields, soil tests and other data operators collect on their rental farms.
InfoAg celebrated 20 years of promoting precision agriculture, but the industry still has far to go before it delivers on its promise of a new age of digital agriculture. (DTN photo by Emily Unglesbee)
Mon Aug 3, 2015 11:26 AM CDT Precision ag companies are bringing automation to the age-old practice of soil sampling in the hopes of improving the quality of the samples that generate data and yield maps and determine farmers' fertilizer and nutrient decisions.
Mon Aug 24, 2015 11:28 AM CDT Full-season management is the goal of 360 Yield Center. A hands-on field day focused on high-intensity nitrogen management.
According to a study by The Boston Consulting Group, 960,000 U.S. milk cows in the U.S. are within 155 miles (250 kilometers) of a Canadian dairy plant -- about equal to the whole Canadian dairy cow herd. This is based on 2012 data, the last time a survey was done on U.S. farms and cows. (Graphic courtesy of The Boston Consulting Group)
Canadian Dairy ConundrumSupply Management System Faces Pressure in Pacific Trade Talks8/6 2:27PM Coping with Canada's dairy industry import tariffs and supply controls remains one of the sticking points to finalizing the Trans-Pacific Partnership. Canada's dairy industry is pushing back against arguments it needs to open up to imported dairy products.
Tue Aug 4, 2015 04:49 PM CDT The window of opportunity to invest in U.S. infrastructure -- a key to maintaining and expanding the competitiveness of U.S. exports -- may come to a close in 2016-17, an economist says.
Fri Aug 7, 2015 10:55 AM CDT Transportation-funding supporters think Congress could pass a long-term highway bill by the end of the year if they can come to a resolution on how to pay for it.
Contrarians who bought Iowa farmland at the bottom of the farm credit crisis in 1986 have earned over 1,000% returns since. (DTN/The Progressive Farmer file photo)
Klinefelter: By the NumbersComments on Our Current Economic Situation8/24 11:18AM Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. Implementing more sophisticated management practices may help you avoid the worst financial stress.
Mon Aug 24, 2015 11:22 AM CDT A first-of-its-kind national sample of waterways across the country finds the presence of neonicotinoids in more than half of urban and agriculture waters sampled by the U.S. Geological Survey.