Planting Choices for Farmers in 2021

Planting Choices for Farmers in 2021

The 2021 hemp growing season is approaching swiftly, except in Florida, or other frost-free locations where some cultivation is ongoing.  Field work for major crops is well underway in the south, but the Southern Plains are still assessing damage to wheat crops or citrus in far southern areas. High commodity prices that have climbed steeply in recent months don’t exist in a vacuum and will have some impact on hemp planting acreage, and as we discussed in Friday’s bulletins, hemp prices.  Hempseed prices have strengthened some as crushers look to compete with attractive pricing for corn, soybeans, and even wheat.  Many crops have been buoyed in this rally. 

High soybean prices increase competition for ground with other crops like cotton, which some analysts believe could contract some in 2021.  This won’t have any meaningful impact on the emerging fiber segment, but in the future, high soybean…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

12.20.2024

45z guidance fails to appear; government scrambles to pass spending bill

45z guidance fails to appear; government scrambles to pass spending bill

The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...

12.20.2024

US animal fats and oils end week softer across the board ahead of holiday slowdown

US animal fats and oils end week softer across the board ahead of holiday slowdown

Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...

12.20.2024

December cattle on feed down on month, year

December cattle on feed down on month, year

Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.

The only significant price...

Latest Tweets