Soybeans bullish, corn neutral in latest export sales report

IARN — The weekly US Export Sales Report was released Thursday morning for the week ending October 1st.

In the report, new crop corn sales were 1.23 million metric tons and new crop soybean exports were 2.59 million metric tons. Commodities broker Greg McBride with Allendale says corn was neutral for the week, while soybeans had a bullish tone. Read more

Iowa corn harvest picks up speed

IARN — “One-quarter of the corn for grain has been harvested in Iowa,” as of October 4th, according to the weekly Crop Progress report, out from USDA-NASS. The current harvest pace is “three weeks ahead of last year and 12 days ahead of average.” Dry soil conditions, as well as other factors helped boost harvest, according to Chris Souder, DEKALB Asgrow regional agronomy lead for Iowa. Read more

Nobel Prize to CRISPR scientist shows U.S. falling behind in gene editing

IARN — The National Pork Producers Council (NPPC) says the U.S. Food and Drug Administration (FDA) has stalled the development of emerging technology with tremendous promise for livestock agriculture. The FDA has claimed regulatory jurisdiction over gene-edited livestock and has stalled the technology in the U.S. for more than two years, according to NPPC. However, the scientists who invented one of the most promising forms of this technology, the “CRISPR/Cas9 genetic scissors,” were just awarded the Nobel Prize. Read more

Farmers showing more optimism in Monthly Ag Economy Barometer

IARN — U.S. agricultural producers became more optimistic again in September. The Purdue University-CME Group Ag Economy Barometer climbed to 156, the highest reading for the index since the pandemic began last winter and 12 points higher than one-month earlier. Since July, the index is up 38 points and is 60 points higher than its 2020 low established back in April. In September, producers were more optimistic about current conditions and the future for agriculture than in August. The Current Conditions Index, with a reading of 142, was 18 points higher compared to a month earlier and the Future Expectations Index rose nine points to a reading of 163. Read more