This Week in Agribusiness, not only looks at the markets this week, Mike Pearson also finds out about severe weather has impacted the Dakotas and a look at technology in the field.
First up on the show is Josh Linville, Vice President, Fertilizer StoneX, who talks about how the Iran crisis last week caused Iran to shut down gas production which results in no urea production. Fertilizer prices shot up but they have corrected some but are still not as low as they were. Urea prices may correct a little more if the case fire holds.
Also, on the show is Matt Bennett, CEO, Ag Market.net, discussing the June Planting Acreage report due out Monday and the quarterly grain stocks report. He expects the report to show planting intentions at 95.8 million acres and soybeans at 83.2 million. He says some acreage may have been lost in Ohio through the Delta due to the constant rain this spring. However, the planting pace has been brisk in other states.
Bennett also takes a look at the cattle markets and urges producers to have some backup due to the high prices. The cattle keep hitting new high prices, but they soon fall from those high prices.
Greg Soulje is in with a weather forecast for the week.
Next is Jesse Allen, Vice President, National Content for Farm and Ranch Media, who discusses the severe weather impacting the Dakota area this week. He says most damage was structural with some reporting over 40 million bushels of storage lost due to straight line winds. Allen says some farmers already say harvest could be tough with the latest storage damage.
Max Armstrong travels to Bolckow, Missouri to talk with David Palmer as part of the Plant Smart, Grow Smart with BASF Program. Palmer says it's the people that come out to the field that makes Syngenta stand out on his farm. He has worked with Agronomist Mark Hoover for over 25 years, and he makes the fungicide portion system simple. Hoover says by using a fungicide application, Palmer and others have gained 5-10 bushels per acre or even 10-12 bushels in some areas. Hoover says a relationship with growers is what is important. Palmer says his goal is to keep the farm in the family for the next generation.
Greg is back with an extended weather outlook.
Pearson talks with Bruce Blythe, Senior Editor for Farm Futures, about what the quarterly grain stocks report may hold as well as the planting acreage report due out from the USDA on Monday. He says corn should be up 24,000 acres from the last intentions report and soybeans down 4 percent from 2024. Blythe says all eyes will looking to the report to answer many questions hanging over the market.
Viewers visit Max's Tractor Shed, instead of one tractor, he tells viewers about the Half Century of Progress Show which is Aug. 21-24 and is held in Rantoul, Ill. He gives viewers a glimpse of what they can expect at the show.
Mark Stock shares the lineup for BigIron Auctions.
The FFA tribute this week goes to Elena Andrews, South Dakota FFA State Treasurer.
Andrews grew up on a farm raising corn and soybeans and three pig barns. She can be found in the pig barns quite often. She got involved in the FFA due to the state officers she had leading her along the way. They had a profound impact on her and she knew she wanted to be a part of that. She is set to give back to younger FFA members and ensure they enjoy their time in the organization. She said she likes to meet FFA members from across the state and see their interest in agriculture.
When she graduates high school, Andrews wants to go to school for teaching for a few years. After that she wants to get involved in politics and help fight for what farmers need from the government.
The weekly FFA Chapter Tribute is an opportunity to shine a spotlight on the good work of your local chapter. Tell us about what you're doing, give us some history from your group and tell our viewers of the work you do in the community. FFA chapters across the country deserve recognition for the work they do, make sure we include yours.
To have your chapter considered for this weekly feature, send along information about your group by e-mail to Max Armstrong at max@agbizweek.com. They'll get your group on the list of those that will be covered in the future. It's a chance to share your story beyond the local community.
The National FFA Organization, formerly known as Future Farmers of America, is a national youth organization of about 650,000 student members as part of 7,757 local FFA chapters. The National FFA Organization remains committed to the individual student, providing a path to achievement in premier leadership, personal growth and career success through agricultural education. For more, visit the National FFA Organization online www.ffa.org, on Facebook at facebook.com/nationalffa, on Twitter at twitter.com/nationalffa.
In the ag tech segment, Chad Colby talks with Kraig Schick, of S&S Family Farms, in Morton, Illinois. Schick tells his how the See and Spray system is working for their farm with a two-pass system and cutting costs. IN addition, they talk about a custom trailer for hauling spray chemicals built by Schick which was a two month project over the last winter for the self-propelled sprayer.
To wrap up the show, Pearson talks with Brian Brown, of Chillicothe, Ohio, who many may know from his social media presence or Youtube. He told Pearson he started applying fungicide in 2012 and started noticing immediate results. Now, he is seeing a big increase in soybeans due to the fungicide, MiravisNeo from Syngenta fighting Frogeye leaf spot. He has found a 10 bushel increase in his soybeans.
He says he used to use the fungicide as a treatment but now uses it as a preventative.
This Week in Agribusiness features market news, ag technology, weather and farms, weekly on RFD-TV, and can be found each week on FarmProgress.com.