BECK’S PFR INSIGHT MEETINGS
2020 STRATEGIES FOR SUCCESS December 20, 2019
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‘Awash in supplies’ Minor tweaks in USDA projections AGRINEWS PHOTO/TOM C. DORAN
Al Eisaian (left), IntelinAir CEO and co-founder, and Josh Thornsbrough, IntelinAir vice president, sales and marketing, announced the 2020 rollout of the company’s new AgMRI 3.0 platform.
AgMRI diagnoses sick crops
By Tom C. Doran
AGRINEWS PUBLICATIONS
MINNEAPOLIS — With the late harvest and over 1.1 billion bushels of corn still estimated to be in the fields, there were rumblings that the U.S. Department of Agriculture would make some production adjustments in its
Dec. 10 reports. Instead, USDA opted to stick with its trend not to make any changes in the December crop production estimates while making minor tweaks in the supply and demand estimates reports with most revisions made on the global balance sheets. Brian Hoops, Midwest Marketing Solutions president, deciphered the USDA reports in a Minneapolis Grain Exchangehosted teleconference following
the release of the reports. The USDA kept 2019-2020 corn ending stocks at 1.91 billion bushels and soybean ending stocks unchanged from last month at 475 million bushels. Were those moves expected by the trade? “If there was a surprise in the corn market it was that I was expecting a small increase in corn stocks due to slow demand trends, but USDA has decided to leave ending stocks
AGRINEWS PUBLICATIONS
See AGMRI, Page A4
By Tom C. Doran
AGRINEWS PUBLICATIONS
AGRINEWS PHOTO/ERICA QUINLAN
U.S. Secretary of Agriculture Sonny Perdue talks about pressing agricultural issues such as trade at the Country Elevator Conference.
Trade ups and downs Ag secretary speaks at Country Elevator Conference By Erica Quinlan
that agriculture would bear the brunt of any type of retaliation, and that’s been the impetus beINDIANAPOLIS — U.S. Sec- hind the Market Facilitation retary of Agriculture Sonny Program. … I’m optimistic that Perdue was a keynote speaker this will get resolved.” at the Country Elevator Conference. ON HIS BIGGEST “EYE-OPENER” The National Grain and Feed “We’ve sort of bubble wrAssociation hosted the confer- apped ourselves in regulation. ence in Indianapolis. What President Trump has Perdue shared his thoughts done from a deregulatory enon a variety of topics. Here are vironment has been as helpful a few of his opinions: for the economy as the tax policies.” ON TRADE WITH CHINA “I think both countries want ON PRESIDENT TRUMP these trade disruptions to end. “He has an affinity for agriWe do believe the Chinese culture that’s amazing, having economy has been damaged grown up in New York. I don’t significantly by that. But, obvi- understand it, except for the ously, we have, as well. fact that he loves people who “President Trump recognized build and grow things. I think AGRINEWS PUBLICATIONS
he admires the work ethic of those in agriculture that embodies that American spirit.” ON THE FUTURE OF AGRICULTURE “Even in a time of economic stress like we’ve had in agriculture, I think (young people) see a better future out there with technology. They like the utilization of optics and sensors and doing things in a better way, a more sustainable way. I think they’re going to help us learn how to do things better. “I think young people are going to teach us how to do more with less. I’m impressed with the younger generation and their ability to think outside the box.” See TRADE, Page A5
SEE SECTION B
INSIDE
Farm Family of the Year honored A3 Beware of Christmas tree hitchhikers B6 Grateful for ‘just the right gift’ D6 AgriTrucker D1
Farms For Sale C1
Alan Guebert D6
From The Pastures D4
Auction Calendar B1
Lifestyle C5
Business D7
Livestock D5
Calendar B8
Opinion D6
Classifieds C3
Weather A6
Vol. 42 No. 43
CONTACT AGRINEWS: 800-426-9438
See SUPPLIES, Page A4
Global stocks higher
By Tom C. Doran
CHAMPAIGN, Ill. — Magnetic resonance imaging, a common diagnostic tool used by physicians, has now reached the farm. IntelinAir announced Dec. 11 the launch of its AgMRI 3.0 that will enable farmers to receive quick diagnostics of problems in their fields and help make better management decisions throughout the growing season. The AgMRI crop intelligence platform leverages high-resolution aerial imagery from airplanes — four inches per pixel — taken 13 times throughout the season, combined with temperature readings, humidity measurements, rainfall, soil samples, terrain type, planting rates, applications and other parameters. Data is continuously aggregated, using machine learning technologies to deliver a real-time picture of crop development throughout the season. Smart Alerts sent to a laptop, desktop or mobile device provide early warnings of troublesome situations, often before they are visible to the human eye. “What do farmers want? What I’m told is ‘make my life easier.’ There are a lot of factors outside of their control. They want more control. How do you get more control? You have to know things that you don’t know today,” said Josh Thornsbrough, IntelinAir vice president, sales and marketing. “We’re actually providing the data to the farmer turnkey. They don’t have to do anything, just consume the crop intelligence because we’re an analytics platform.
unchanged and most years they don’t make any changes in December. “Corn exports are currently at 1.85 billion bushels. I thought they could have been lowered maybe by 10 million to 25 million due to slow exports. “Soybean sales have been fairly strong this year and they’re on the pace needed to meet the USDA forecast.
WASHINGTON — The U.S. Department of Agriculture left U.S. supply and demand estimates unchanged, but there were moves on the global balance sheet in the Dec. 10 report. Here are highlights of the corn, soybean and wheat portions of the world supply and demand estimates. Soybeans: USDA lowered the season-average forecast price by 15 cents from last month to $8.85 per bushel. Why? n The U.S. soybean supply and use projections for 2019-2020 are unchanged from last month with an anticipated ending balance of 475 million bushels. n Global 2019-2020 oilseed production is forecast up 3.3 million tons to 574.6 million, with greater soybean, sunflower seed and peanut production partly offset with lower rapeseed and cottonseed forecasts. n China’s soybean production is projected up 1 million tons to 18.1 million reflecting higher area and yield reported by the National Bureau of Statistics. n Brazil’s 2018-2019 production was 117 million metric tons and is estimated at 123 million in 2019-2020. Argentina produced 55.3 million metric tons in 2018-2019. The 2019-2020 production is projected at 53 million. n Global 2019-2020 soybean exports were reduced 0.6 million tons to 149 million on a lower forecast for Argentina. Soybean imports were lowered for Vietnam, offset by higher soybean meal imports. See GLOBAL, Page A4
Supply and demand Corn AGRINEWS PHOTO/TOM C. DORAN
Family, friends and colleagues gathered to celebrate John Slayton’s induction into the Land of Lincoln Purebred Livestock Breeders’ Association Hall of Fame Dec. 5 during the group’s annual meeting. Pictured are Dale Hummel (front, from left), Holly Hummel, Lee Stremsterfer, John Slayton, Emma Freebairn, Jessica Gottschalk, and Mike Hulligan; Carole Kennedy (back, from left), Cathy Nunn, Brad Ellerbrock, Sherri Tomhave, John Tomhave, Lynne Slayton, Collin White and Lane Harvey.
Slayton inducted into hall of fame Livestock industry leader honored By Tom C. Doran
AGRINEWS PUBLICATIONS
SPRINGFIELD, Ill. — As a youngster growing up on his family’s McDonough County farm, John Slayton had a goal of showing the grand champion steer at the Illinois State Fair.
While he did show Shorthorn steers and heifers around the Midwest as a member of the local 4-H and FFA organizations, he never achieved that goal. However, he has dedicated nearly 30 years his life to help youngsters show their own grand champion steers or other species at the state fair. For this and his many other efforts in support of the future leaders and the Illinois State Fair, Slayton was inducted
into the Land of Lincoln Purebred Livestock Breeders’ Association Hall of Fame during the group’s annual meeting Dec. 5. His portrait, fittingly snapped in the recently renovated Coliseum at the fairgrounds where the sale of champions is held, joins other livestock industry leaders at the Illinois Department of Agriculture. See SLAYTON, Page A4
(2019-2020 marketing year): Total corn supply: 15.825 billion bushels Exports: 1.85 billion bushels Feed, residual use: 5.275 billion bushels Food, seed, industrial use: 6.79 billion bushels Ethanol and byproducts: 5.375 billion bushels Ending U.S. corn stocks: 1.91 billion bushels
Soybeans (2019-2020 marketing year): Total soybean supply: 4.483 billion bushels Seed, residual: 128 million bushels Exports: 1.775 billion bushels Crush: 2.105 billion bushels Ending U.S. soybean stocks: 475 million bushels