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Crop Estimates Could Have Mixed Results on Market
Crop production estimates released Friday by USDA
could have mixed results on the markets, according to analysts.
USDA projected total wheat production nationwide
at 2.4 billion bushels, which if realized would be a 16 percent increase
compared to last year.
"The
wheat numbers are bearish, beans are bullish, and corn is stuck in the middle,”
said Dale Durchholz, market analyst with AgriVisor.
“This report looks a little bearish for corn and
wheat. Beans are very, very
--More
Strong Farm Bill Vote Needed to Battle Veto Threat
U.S. House-Senate conferees have reached a final
farm bill agreement that boosts nutrition spending, trims farm direct payments,
and according to Illinois Farm Bureau President Philip Nelson offers "a foot in the door"
toward revenue-based income support.
Nelson Friday called the agreement, possibly up
for a vote Wednesday, "somewhat of a victory for us," despite a purported $60
billion reduction in total funding over the 2002 farm bill budget.
Nelson noted elimination of stringent
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Alfalfa Watch
Alfalfa fields in far southern
Illinois have passed the optimum date for harvest and some harvesting has
occurred between rains. "Some
harvest was completed earlier this week in Region 4 (south of 1-70 and north of
I-64)," says U of I dairy educator Dave Fischer. He says alfalfa weevil is
continuing to damage fields and recommends harvest as soon as conditions allow.Fischer says harvest across
central Illinois should begin May 15-17, with the remainder of the state showing
--More
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