A Southern Piedmont Sorghum Production Meeting is scheduled for tomorrow in Monroe, North Carolina. North Carolina producers from Union, Stanly, Anson, Montgomery, Moore and Richmond Counties, as well as Producers from Chesterfield, Kershaw, Marlboro, Darlington and Lancaster Counties in South Carolina are invited to attend. NCDA Regional Agronomist Don Nicholson:
“The growers in that area are looking for something to get in their rotation that are beneficial to them. A lot of the soil there is not suitable for corn production.”
For more information, visit our calendar.
Producers Shouldn’t See Much Change in KCBT Move to Windy City
The Chicago Mercantile Exchange announced the hard red winter wheat trade being handled on the Kansas City board will be moving to Chicago this summer. Oklahoma State University Grain Marketing Specialist Kim Anderson thinks the Kansas City Board of Trade has been relatively efficient over the past few years – and isn’t convinced efficiency will improve with a move to Chicago and believes it will just be a move from one city to another – without much impact on the producer.
SC Ag Council Schedules Quarterly Meeting
The South Carolina Ag Council has scheduled their quarterly meeting for February 21st at the South Carolina Farm Bureau office in Cayce. The meeting gets underway at 10:00 am with featured speakers Pat Layton, Director of the School of Agricultural, Forest & Environmental Sciences at Clemson University. Cost is $10 for advance reservation for council members and their invited guests, non-members and anyone at the door will be $15. For more information visit our calendar
Soybean Price Estimate Rises in Latest USDA Reports
USDA has raised its soybean price estimate World Ag Outlook Board Chair Gerald Bange explains that Soybean yield was changed and along with a price increase to 14-dollars-30-cents…
“We are seeing very strong disappearance, the Chinese are still very strong buyers, and even though stocks are getting very tight for soybeans, we are down more than a quarter from the beginning level. The ending stocks forecast is currently 125 million bushels. That would give us a very tight stocks to use ratio of 4.1%.”
Hence a nickel increase in the forecast price of 14-30 – up sharply from 12-50 in 2011-2012.