In FebNASS released county data for the 2015 corn and soybean crop. U of I has put together a map showing the potential payment.. This yield divided by the 86% of the benchmark guarantee for Adams, and Hancock County will yield a 2015 ARC-County corn payment. For example for Hancock County the revenue guarantee is $782.92 * 86% = $673.31 / 180 corn yield = $3.74. For Adams County the revenue guarantee is $719.44 * 86% = $618.72 / 158 corn yield = $3.92. These yields can still be tweaked, but past history has shown that we are within 5 bushels of the final yield number for the county. http://farmdocdaily.illinois.edu/2016/02/2015-arc-co-payment-estimates-corn-soybeans.html
This is just a reminder of what the minimum guarantees for RP crop insurance protection is: Yellow highlighted is the Feb average price, others are for those that sign up for the multiple price discovery
RP MPD (Nov) (Dec) (Jan) Feb (Mar)
Final Harvest RP
3.95 3.94 3.86 3.86 3.83
8.81 8.97 8.84 8.85 9.05
Wheat - Delayed Price:15 cents to Sep 1, 2016, then $0.00125/bu per day until sold Discount Schedule Corn -Delayed Price: Free to Sep 1, 2016 then $0.00125 /bu per day until sold on dry bushels, Dp corn dry/shrink to 15.0% Drying Charge $0.03¢ per 1% moisture (calculated 1.5¢ per 0.5% of moisture) on wet bushels. Contract/Spot Corn Dry/Shrink 15% - while space lasts.
Beans - Delayed Price Free until Sept 1st, 2016 then $.00125/bu per day until sold
Agronomy Update Friday, July 22nd Monsanto announced that the European Union has approved the Roundup Ready 2 Xtend Soybeans for import. This is great news for all of us as it will enable us to continue to push yield potential to a higher level. The trait technology of Roundup Ready 2 Xtend Soybeans improves soybean production and minimizes weed competition, which can result in more beans per pod and more bushels per acre. It is estimated that annually in the U.S. we lose $8 billion to weeds. Adding the Roundup Ready 2 Xtend Soybeans to your seed lineup will be a great option for producers this year and for years to come. Lewis Hybrids will have Roundup Ready 2 Yield Xtend Soybeans ranging from a 3.4 to a 4.9 maturity. For more information on the Xtend Soybeans, please call Michael Hicks, Chris Corzatt, or your local Ursa Farmers Coop.
During Saturday, additional showers with light to moderate rain will be in effect over much of the central and southern U.S. along with generally seasonal temperatures for most grain areas. » More DTN Weather Commentary