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Brooks Schaffer Market Report for Tuesday July 16

Brooks Schaffer Market Report for Tuesday July 16

Jul 16, 2024 | 4:36am
This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We got USDA’s July supply and demand report on Friday and it contained several big surprises for corn and for the first time in a while, the surprises were not bearish. The market expected USDA to incorporate the […]
Spotty Rains Welcomed over Weekend, but More is Needed

Spotty Rains Welcomed over Weekend, but More is Needed

Jul 16, 2024 | 3:36am
Hit or miss rains spread across the Carolinas this past weekend. I’m talking with North Carolina Assistant Climatologist Corey Davis. At my house in Franklin County, we got four inches, and it was a good steady rain throughout most of the day on Saturday, which was a little more than we expected. What are you […]
SC Commissioner Weathers: Entire State Now Classified in Drought

SC Commissioner Weathers: Entire State Now Classified in Drought

Jul 16, 2024 | 3:28am
The drought continues in South Carolina, and I understand there’ve been some new developments affecting farmers. You and I talked about drought last week, of course. But since then, South Carolina hit a few new milestones showing just how rapid and serious this drought is. The state Drought Committee met and moved the entire state […]
NC Commissioner Troxler: Three New Regional Agronomists Hired

NC Commissioner Troxler: Three New Regional Agronomists Hired

Jul 16, 2024 | 2:34am
The Agronomic Services Division has hired three new regional agronomists to fill vacant positions. The agronomists work one-on-one with farmers to help troubleshoot crop issues, and provide agronomic advice to increase yields and improve efficiencies.
Budd: Let’s Have a Farm Bill about Farming

Budd: Let’s Have a Farm Bill about Farming

Jul 15, 2024 | 4:41am
The massive $1.5 trillion Farm Bill would set policy and funding levels for key food agriculture and conservation programs for the next five years, but it remains stalled in Congress, now working on a one year extension from the 2018 Farm Bill. North Carolina Republican Senator Ted Budd tells SFN the bill contains a lot […]
Drought Coverage by Commodity to Start July

Drought Coverage by Commodity to Start July

Jul 15, 2024 | 3:33am
Reasonably good news for most crop growing areas regarding drought coverage over the past month. That’s according to USDA Meteorologist Brad Rippey, and that is despite an increase in overall drought coverage on July, 2, after a four year low was reached in mid-June, Rippey starts with 7% of the US corn crop drought, 9% […]
Potential Weather Challenges for Fertilizer Shipments

Potential Weather Challenges for Fertilizer Shipments

Jul 15, 2024 | 12:27am
Between heavy rains and hurricanes, there are some potential logistics challenges out there that could hamper fertilizer shipments down the road. For now, though, Josh Linville, vice president of fertilizer at StoneX, says things are okay and just need to be monitored. In terms of any impacts from Hurricane Beryl on U.S. Gulf shipments of […]
Grain Prices Hit Lowest Level Since COVID

Grain Prices Hit Lowest Level Since COVID

Jul 12, 2024 | 10:33am
Grain prices have fallen to their lowest level since COVID-19. A Bloomberg report extended this year’s losses to 17 percent, with grains trading at the lowest point since 2020. It’s a sharp reversal from the post-COVID rally that sent grain prices more than doubling through 2022. University of Illinois Ag Economist Scott Irwin said the […]
USDA Activates ELAP to Address H5N1 in Dairy Cows

USDA Activates ELAP to Address H5N1 in Dairy Cows

Jul 12, 2024 | 10:14am
The latest USDA effort to provide support to dairy producers with herds impacted by the H5N1 virus involves an updated version of USDA Emergency Assistance for Livestock, Honey Bees, and Farm-raised Fish Program (ELAP). “Designed now to provide assistance to dairy producers through incurring milk losses as a result of H5N1.” Agriculture Secretary Tom Vilsack […]
Extreme Drought Now Appearing in Both Carolinas

Extreme Drought Now Appearing in Both Carolinas

Jul 12, 2024 | 5:29am
Levels of drought we have not seen in more than a decade. There’s the headline for you. I’m Mike Davis talking with climatologist, Corey Davis, Assistant State Climatologist for North Carolina. Corey, I was taking a look at the Drought Monitor, and I’m seeing colors that do not look good to me, and especially don’t […]