As of Thursday afternoon, China hasn't purchased any U.S. soybeans. U.S. Farm Report analysts say if that changes sometime soon, even a small sale could signal an "olive branch" in the talks between the two countries.
The cease-fire of an escalating trade dispute between the U.S. and China is igniting hopes of a possible de-escalation drove markets to start of the week, despite retaliatory tariffs still being in place.
The highly anticipated meeting between the U.S. and China Saturday is what the market and trade watched this week. There are two potential outcomes of the meeting: the leaders could reach or deal, or they may not.
Rising interest rates, plus a dragging farm economy, is sparking fears that the debt to asset ratios could rise to levels agriculture saw in the 1980's. However, Farmer Mac says that hasn't happened yet.
Planting on March 22 is a rare sight on any farm north of Interstate 80 in Illinois. The weather can be unpredictable, which Pitstick saw as snow covered his freshly-planted soybeans. Those fields yielded above 80 bpa.
Two men indicted on fraud charges alongside farmer Mike Stamp in January changed their plea to “guilty.” Both James Becraft and Douglas Diekman entered a plea of “guilty” in a federal crop insurance fraud case.
The University is celebrating its 150th anniversary through the fall of 2019 and the celebration is serving as an “ideas festival," with a focus on the future. Agriculture is a key piece of the celebration.