Marketing

NYSTROM, from pg. 16

Wire services reported that Farm Futures conducted a farmer survey for U.S. planting intentions in January. Corn acreage was estimated at 94.7 million, up 3.9 million acres from last year’s 90.8 million planted corn acres. For soybeans, acres came in at a minimal 84.5 million acres, an increase of only 1.4 million from last year’s 83.1 million planted acres. The soybean number particularly seems low considering the amount of prevented plant acres in 2020 and the current corn-to-soybean new crop ratio.

Outlook: Old crop prices this week consolidated after setting new contract highs in the March contract. The upcoming WASDE report, demand, and how Brazil’s safrinha corn planting progresses will be factors to watch. Fundamentals remain friendly. The new crop was firm this week as we need acres this spring. For the week, March corn was up 1.5 cents at $5.48.5, while the July contract fell a quarter-cent to $5.36.25, and the December corn rallied 6.5 cents to $4.51.75 per bushel.

SOYBEANS — Additional rain in Argentina has likely halted any yield decline, but rain in Brazil has gotten soybean harvest off to a slow start as well as delaying the safrinha corn planting. Rumors that China was switching February soybean purchases to the United States on concern of execution in Brazil lent support to the soybean market this week. There have been a few suggestions that China’s pig herd expansion may slow down with an increase in African swine fever cases. We didn’t have any daily export sales flashes for soybeans this week.

Brazil’s trucker strike began this week but has not had a big impact on shipments since the pace of the soybean harvest has been the slowest in 10 years. Argentina’s trucker strike has been moving from southern ports to northern ports and reportedly has had a bigger impact on markets than the one in Brazil. Trucks arriving at the Rosario export hub where 80 percent of agricultural exports move through was seeing reduced traffic.

The BAGE showed Argentina’s soybean rating in the poor/very category rose from 10 percent to 13 percent. Last week, the BAGE lowered their Argentine soybean production .5 mmt to 46 mmt. The Argentina government this week stated they had not ruled out increasing export taxes on food products.

As of Feb. 2, the Brazilian soybean harvest was pegged at 2 percent complete vs. 7 percent on average. In the high producing Mato Grosso province harvest was 5 percent complete vs. 27 percent on average. Their safrinha corn planting was 3 percent complete vs. 14 percent on average with Mato Grosso 6 percent complete vs. 22 percent on average.

Weekly soybean export sales were 30.3 million bushels bringing total commitments to 2.155 billion bushels. This is 96.6 percent of the USDA’s 2.23 billion bushel export forecast. We need to average 3.1 million bushels per week of sales to meet the forecast. We have shipped 78 percent of the USDA’s total export projection in the first five months of the marketing year. China has just 110 million bushels of unshipped U.S. soybeans remaining on the books for this marketing year after buying a total of 1.3 billion bushels. This should curtail ideas that they won’t take all they’ve bought. New crop sales this week were 23.3 million bushels with 19.4 million bushels of the total to China. Last year China had not bought any new crop soybeans by this date. Total new crop soybean sales are 156 million bushels compared to just 11 million bushels last year by this date.

A December record-setting National Agricultural Statistics Service Oilseed Crush of 193.8 million bushels was also the second-highest for any month. This did little to impress the market but keeps the pace of demand top of mind. Soyoil stocks were at an eight-year high at 2.2 billion pounds.

China has been reporting cases of a new mutation of African swine fever. They believe it originated from illegal vaccines. It is thought to be less deadly than the original ASF, but it may slow down the rebuilding of pig herds. China missed the $36.5 billion Phase 1 trade deal target in 2020 for agricultural products. China bought $28.75 billion worth of ag commodities which was still a record.

The average trade estimate for U.S. soybean ending stocks is 123 million bushels compared to 140 million bushels last month. World ending stocks were expected to be 83.30 mmt compared to 84.31 mmt last month. Argentina’s soybean production was pegged at 47.6 mmt vs. 48 mmt in January and Brazil’s production at 132.46 mmt vs. 133 mmt previously.

The Chinese New Year public holiday celebration begins Feb. 11 and lasts until Feb. 17. We would normally expect business to be slow during this time.

Outlook: The rollercoaster market has not come to a complete stop, but nearby futures coiled around the 20-day moving average throughout the week. The 20-day moving average at the close on Feb. 5 was $13.75 per bushel. The February WASDE report will be published on Feb. 9. How fast or slow Brazil’s soybean pace proceeds, as well as corn planting progress, and any new export demand will be key issues to monitor.

For the week, March beans were down 3.25 cents at $13.66.75, July declined a penny to $13.47.75, while the November contract jumped 18 cents to $11.61 per bushel. We’ll need acres this spring to avoid another tight year.

Nystrom’s notes: Contract changes for the week as of the close on Feb. 5: Chicago wheat tumbled 21.75 cents to $6.41.25, Kansas City declined 12.75 cents to $6.25.25, and Minneapolis lost 12 cents to close at $6.26 per bushel. There is uncertainty about how Russia’s wheat export tax situation plays out. v

Noxious weeds spread to nine new Minnesota counties

ST. PAUL — The Minnesota Department of Agriculture recently confirmed six species of weeds on the state’s noxious weed prohibited eradicate list have been found for the first time in nine counties in 2020.

Weeds categorized as “prohibited eradicate” are the worst types of weeds. The law requires species on this list to have all above- and below-ground plant parts destroyed because the weeds may be harmful to public health, the environment, public roads, crops, livestock or other property.

The new finds were: Common teasel (Dipsacus fullonum) in Dakota and Olmsted counties; Cutleaf teasel (Dipsacus laciniatus) in Martin County; Dalmatian toadflax (Linaria dalamtica) in Cass County; Meadow knapweed (Cenaurea x moncktonii) in Norman County; Palmer amaranth (Amaranthus palmeri) in Winona County; and Poison hemlock (Conium maculatum) in Steele, Watonwan and Waseca counties.

Common and cutleaf teasels are closely related, short-lived perennials which have spiny, stiff flowers and seed heads. They prefer sunny, open habitats such as roadsides or pastures.

Dalmatian toadflax is a perennial with yellow flowers which grows in sandy or gravelly soils.

Meadow knapweed is a deep-rooted perennial with pink flowers that grows in sunny, wet conditions.

Palmer amaranth is a high-profile noxious weed of row crops.

Poison hemlock is a highly-toxic plant which looks similar to wild carrot and grows in moist areas and along rights of way.

Collaboration with multiple agencies and organizations throughout the state, including county agricultural inspectors, township supervisors, and city mayors, helps the MDA successfully detect noxious weeds on the eradicate list and confirm unrecognized species.

The MDA verifies the reports and, when possible, collects samples for the official University of Minnesota herbarium records. As the regulatory agency for managing noxious weeds, the MDA also helps local governments with weed management and enforcement of the Minnesota Noxious Weed Law.

To report a noxious weed, contact the MDA’s “Arrest the Pest” line at arrest.the.pest@state.mn.us or (888) 545-6684.

This article was submitted by the Minnesota Department of Agriculture. v

MIELKE, from pg. 15

vious week and 100 head or 0.15 percent above a how the new administration will operate govern-

Tight margins are returning to U.S. dairy farms as year ago. ment feeding programs and assistance. falling milk prices and rising feed costs take their StoneX says, “This may be a sign that the bearish Matt Gould, editor and analyst of the Dairy and toll. The USDA’s latest Ag Prices report shows the market pressure is encouraging cows to be culled. Food Market Analyst newsletter, added one in the December milk feed ratio at 2.18, down from 2.58 in But given that cull prices are still at a discount to Feb. 8 Dairy Radio Now broadcast — namely a November and the lowest since May 2020, and com- 2020 levels, we’re inclined to believe that this shortage of shipping containers on the west coast pares to 2.57 in December 2019. slaughter is from cows that were held back to add which, he said, is backing up inventories and ham-

The index is based on the milk price in relation- production when prices were higher last year.” pering dairy exports. ship to feed prices for a dairy ration consisting of 51 The Feb. 1 “Early Morning Update” says, “January This all has brought volatility and tension, he percent corn, 8 percent soybeans and 41 percent marked the first month in the last six that dairy said. We saw extremes in 2020: cheese as low as $1 alfalfa hay. One pound of milk could purchase 2.18 cows were being killed faster than replacements per pound and months later at $3, but Gould pounds of dairy feed of that blend in December. were being put into the herd. As both production believes 2021 will be less extreme with milk prices The U.S. All-Milk price averaged $18.50 per hundredweight, down $2.80 from November and $2.20 below the December 2019 average. California’s All Milk price fell to $19.20, down $3.80 from November and 60 cents below a year ago. Wisconsin, at $18.10, was down $4.60 from and components have been stronger than anticipated recently, it is likely that if slaughter does not maintain this pace then supply will continue to outpace demand by a larger margin.” n Clouds hang on dairy’s horizon. U.S. milk output “in the middle.” “We’re seeing craziness in the first half of the year,” he concluded. “If we can get through it, we’ll see a reverse pandemic in the second half. With solid dairy demand, dairy farmers should be just fine.” November and $3.30 below a year ago. is gushing and several cooperatives have instituted Lee Mielke is a syndicated columnist who resides The national average corn price averaged $3.97 per bushel, up 18 cents per bushel from November, which followed an 18 cent rise the month before, and a 21 cent rise in October. It was priced 26 cents supply management programs — even as milk is being dumped in some regions. Feed prices are rising rapidly. Dairy demand is uncertain, even with the arrival of Covid vaccines, and we don’t know in Everson, Wash. His weekly column is featured in newspapers across the country and he may be reached at lkmielke@juno.com. v per bushel above December 2019. Soybeans averaged $10.50 per bushel, up 20 cents from November which followed a 67 cent rise from DBIA to award $1 million in grants October, and $1.80 per bushel above a year ago. MADISON, Wis. — The Dairy Business Innovation DBIA encourages potential applicants to view the

Alfalfa hay averaged $169 per ton, up $2.00 from Alliance, a partnership between the Center for Dairy “Let’s Get Started” webinar series (https://www.cdr. October but $3.00 per ton below a year ago. Research and Wisconsin Cheese Makers Associatio, wisc.edu/dbia-webinars) prior to applying for a grant. The December cull price for beef and dairy combined averaged $58.10 per cwt., down $1.20 from November, after dropping 70 cents in November from October, and is $1.20 below December 2019 and $13.50 below the 2011 base average of $71.60 per cwt. will be distributing $1 million this spring in its next grant cycle. Dairy enterprises (farmers, entrepreneurs, processors, etc.) in Illinois, Iowa, Minnesota, South Dakota and Wisconsin are eligible to apply. Eligible projects include dairy farm diversification, the creation of “value added” dairy products and The webinars share state and federal resources that can be helpful for dairy and farm businesses who wish to apply for a DBIA grant. Additional announcements regarding DBIA grants and trainings can be found at https://www.cdr.wisc.edu/dbia and www. WisCheeseMakers.org. Milk cow replacements averaged $1,360 per head in January, up $20 per head from October and $60 above January 2020. They averaged $1,350 per head starting/increasing exports of dairy products. Grants of up to $50,000 will be awarded through a competitive process. For more information, contact Shelby Anderson at (608) 692-7125 or sanderson@cdr.wisc.edu; or Karen Nielsen at (608) 265-1491 or knielsen@cdr.wisc.edu. in California, unchanged from October but $50 per Grant applications will be available for download This article was submitted by the Dairy Business head below a year ago. Wisconsin cows averaged at https://www.cdr.wisc.edu/grant-program begin- Innovation Alliance. v $1,470 per head, up $50 per head from October and ning March 1. $210 per head above January 2020. In the week ending Jan. 23, 67,900 dairy cows were sent to slaughter. This is up 500 from the pre- Dairy Expo moves to virtual platform COLOGNE, Minn. — The 29th annual Carver Godden will discuss improved methods of reducing $19./mo. 99 where available ADD TO YOUR PACKAGE FOR ONLY Blazing Fast Internet! 2-YEAR TV PRICE GUARANTEE 190 CHANNELS Including Local Channels! America’s Top 120 Package for 12 Mos. MO. $6499 County Dairy Expo will be held on Feb. 15 from 9:30 a.m. to 12:15 p.m. Management strategies in reducing mastitis, improving costs in heifer raising, along with a snapshot of dairy markets and policy will be the featured topics. Hosted by the University of Minnesota Extension and the Carver County Dairy Core Team, this event will be offered online this year with a zoom webinar platform. Registrants will be able to attend mastitis with better bedding management and her research work with selective dry cow therapy. Jud Heinrichs will share his work and data on improving heifer raising costs. The event will be wrap up with a presentation on what current dairy markets and policy looks like from the perspective of Chris A Wolf. For registration information along with a full schedule of events, contact Colleen Carlson at traxl042@umn.edu, (507) 521-3640; or visit the CALL TODAY - For $100 Gift Card Promo Code: DISH100 the live Zoom presentation or will receive a link to event website at https://z.umn.edu/2021DairyExpo O er ends 7/14/21. All o ers require credit quali cation, 24-month commitment with early termination fee and eAutoPay. Prices include Hopper Duo for qualifying customers. Hopper, Hopper w/Sling or Hopper 3 $5/mo. more. Upfront fees may apply based on credit quali cation. 1-844-828-0961 the recordings for later viewing. The Expo will feature three speakers: Dr. Sandra This article was submitted by University of Minnesota Extension. v

Real Estate Real Estate Real Estate Wanted Farm Rentals Feed Seed Hay Feed Seed Hay

Prime Farmland 80 acres, 1 mile from Fairfax, Minnesota. Renville County property ID 31-00170-00.

Sect 06, Range 32, Fairfax City Township. Well drained and well tiled, production rating 91. Incredible investment opportunity to own prime farmland w/ development potential in close proximity to city limits. For more info contact 507-201-9636 or email hunter2003mn@ yahoo.com Sell your land or real estate in 30 days for 0% commission.

Call Ray 507-339-1272

WE NEED YOUR SUBSCRIPTION CARD! If you haven’t already sent in your 2021 subscription card for The Land please take a minute and do it today. Fill it out, sign & date it, add your payment and mail it back. It’s that simple. For everyone who has mailed it back we thank you very much! THE LAND WANTED: Land & farms. I have clients looking for dairy, & cash grain operations, as well as bare land parcels from 40-1000 acres.

Both for relocation & investments. If you have even thought about selling contact: Paul Krueger, Farm &

Land Specialist, Edina Realty, 138 Main St. W., New

Prague, MN 55372. paulkrueger@edinarealty.com (612)328-4506

“Where Farm and Family Meet” THE LAND...since 1976

For Rent: Available September 1: (3) 1,000 head wean to finish hog barns north of

Fairmont, next to a blacktop a mile north of I-90 entrance.

Cell 507-848-1765. Ask for

Glenn.

One Call Does It All!

With one phone call, you can place your classified line ad in The Land, Farm News and Country Today. Call The Land for more information 507-345-4523 • 800-657-4665

4x5 Net wrapped conventional (Non-GMO) corn stalks, $20$30 ea. Grass hay $30-$60; shedded rotary chopped oat straw or soybean stubble, $150; Alfalfa $60-#70, up to 150 RFU. Can possibly deliver. (Cell)320-905-6195, (Home)320-382-6288

ALFALFA, mixed hay, grass hay & wheat straw, medium square or round bales, delivery available. Thief River Falls, MN. Call or text LeRoy Ose: 218-689-6675 FOR SALE: Alfalfa, mixed hay, grass hay, straw and individually wrapped baleage. Medium or large square bales. Delivery available. Zumbrota, MN. Call or text Ray Leffingwell 763-286-2504

High Quality Western Alfalfa

Hay delivered by the semi load. Also low potassium grass hay & clean straw.

Don Christianson 608-7817765. 40 years of satisfied customers.

www.thelandonline.com

USED TRACTORS

NEW NH T4.75, T4.90, T4.120 w/loader........On Hand NEW NH Workmaster 60, 50, 35’s/loaders...On Hand ’11 NH T8.300 ................................................. $94,500 JD 4450PS W/148 LOADER............................ $37,000 ’84 JD 4850 FWA ............................................ $34,500 JD 8310T 5400 hrs......................................... $62,500 Farmall 340 wf w/mower....................................$4,250 ’07 Massey GC2300 w/loader......................... $13,900 New Massey Tractors ....................................On Hand Massey 1660 cab/loader.................................. Coming

TILLAGE

’14 Sunflower 4412-05.....................................$30,000 ’11 Sunflower 4412-07.....................................$28,000 ’13 CIH 870 9-24 ............................................. $38,500 ’13 Wilrich 513 5-30 ........................................ $31,500 ’10 Wilrich QX2 37' w/basket.......................... $34,500 ’09 Wilrich QX2 55'5 w/bskt............................ $34,000 Glencoe 7400 9sh..............................................$6,500

CONSTRUCTION EQUIPMENT

NEW NH E26C mini excavator ......................On Hand NEW NH E37C mini excavator ......................On Hand NEW NH L318/L320/L328 wheeled units......On Hand NEW NH C327/C337/C345 track units..........On Hand ’12 NH 225 C/H............................................... $27,000 HAY TOOLS

New Disc Mowers - 107,108,109 New Disc Mower Cond. - 10', 13' New Wheel Rakes - 10,12,14 New NH Hay Tools - ON HAND

PLANTERS

JD 520 20' 20" sp. .............................................$3,900 ’11 White 8516 CFS, Loaded.......................... $68,000 ’06 White 8516 cfs .......................................... $39,000 ’06 White 8186 w/fert ...................................... $28,000 ’95 White 6722 loaded.......................................$7,500

COMBINES

NEW Geringhoff chopping cornhead .................... Call ’12 Gleaner S77 ............................................$179,000 ’03 Gleaner R65 .............................................. $72,000 ’98 Gleaner R62 .............................................. $59,000 ’95 Gleaner R52 w/cummins .......................... $32,500 ’89 R60 w/both heads..................................... $15,500 ’90 Gleaner R40 w/heads ............................... $17,500 Geringhoff parts & heads available

MISCELLANEOUS

NEW Salford RTS Units .......................................... Call NEW Unverferth Seed Tenders .............................. Call ’11 Unverferth 3750 ........................................ $21,000 NEW Westfield Augers ........................................... Call NEW REM VRX Vacs............................................... Call NEW Hardi Sprayers............................................... Call NEW Riteway Rollers.............................................. Call NEW Lorenz Snowblowers..................................... Call NEW Batco Conveyors........................................... Call NEW Brent Wagons & Grain Carts......................... Call NEW E-Z Trail Seed Wagons.................................. Call NEW Rock Buckets & Pallet Forks......................... Call REM 2700, Rental ................................................... Call Pre-Owned Grain Cart ...................................On Hand New Horsch Jokers ................................................ Call

Thank You For Your Business!

(507) 234-5191 (507) 625-8649

smithsmillimp.com