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Market Insider: weather will become very important to pricing by May

CORN ANALYSIS - Corn closed the week $.02 1/4 higher. Last week, private exporters reported sale of 108,000 mts of sorghum to an unknown destination.

Weekly export sales showed corn sales at 23 mb. Annual corn sales now have reached 1.516 bb and sales are 8% below a year ago. The weekly crop progress report from the USDA showed the corn crop only 2% planted nationwide, compared to 3% planted last year, and 5% on average. The trade was looking for 4%-5% to be seeded. As per the normal pattern for commercials, the month of April has seen commercial and seasonal traders buying weakness for a potential summer weather rally. This is because of the uncertainty the upcoming growing season will have as end users are very nervous about weather, especially after finding out US farmers will plant less corn this year compared to last year. Southern US producers have been slow to seed due to excessive wet conditions. Midwest U.S. producers will begin to seeding corn acres this week weather permitting and weather will become very important to pricing by May. Weekly charts show $4.08 as a chart breakout point.

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NFU salutes Earth Day, family farmers as the original conservationists

WASHINGTON (April 22, 2015) – National Farmers Union (NFU) President Roger Johnson today saluted Earth Day and family farmers, ranchers and fisherman for their role in protecting the earth while providing the world with a safe and abundant food supply.

 “America’s family farmers and ranchers are the original conservationists, working to preserve and cultivate our natural resources while providing the world with the safest, most affordable and abundant food supply available,” said Johnson. “Earth Day is a celebration of clean air, land and water, and today we salute family agriculture for its contributions to a cleaner environment and sustainable food supply for everyone.”

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BeefTalk: Start planning now if the summer looks dry

Agricultural producers often experience feelings of uncertainty that are sourced in many day-to-day issues. The biggest uncertainty is the weather. Those operations that push the limit for production will experience greater uncertainty than those that target production to the long-term average.

A long-term grazing plan is critical for surviving the beef business. My two-plus decades of experiences at the Dickinson Research Extension Center (DREC) taught me, the ability to survive drought is directly dependent on rangeland usage that follows appropriate and correct stocking rates.

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Statement by Bob Stallman, President, American Farm Bureau Federation, regarding Death Tax Repeal Act of 2015

WASHINGTON, D.C.– “Farmers and ranchers need tax laws that protect their family businesses. They don’t want to be punished for their success. With House passage of the Death Tax Repeal Act of 2015, we are one step closer to tax reform that will help farm families invest in the future and pass their businesses on to the next generation.

“Farmers’ and ranchers’ assets are tied up in the land, not sitting in a bank. And farm families certainly don’t have cash on hand to pay a double tax at death. This leaves many surviving family members with few options other than selling off part or all of their land to pay estate taxes. Too often, cashing in these assets can cripple their business.

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Montana Department of Agriculture Unveils New Magazine

HELENA – The Montana Department of Agriculture recently unveiled the premiere issue of Grown in Montana magazine, a comprehensive guide to the state's farms, food and dairy production. The magazine is also paired with a website with a digital magazine and tablet friendly versions.

The annual magazine serves as a primer for state legislators, business leaders and consumers about the impact of agriculture on the state's economy.

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