4-5 min read

Introduction:

Welcome to this edition of Daily Harvest! Today, we have some important updates and insights to share, including:

• War in Israel: The ongoing conflict is impacting fertilizer prices, with nitrogen costs rising due to concerns about supply.

• Market Updates: Current prices for key commodities and percentage changes.

• Tech Innovations: How laser technology is being used to deter birds from crops.

• Crop Progress: Positive news about the maturity and harvesting of corn, soybeans, and cotton.

• Upcoming Events: Key industry events to watch for in the coming months.

News roundup:

War in Israel affecting fertilizer

The ongoing conflict in the Middle East is impacting fertilizer markets, particularly nitrogen prices, which have risen recently. Despite no direct effects on shipping lanes or production, concerns over tight supplies are driving up costs. For example, urea prices have increased by 10%. Experts advise farmers to reach out to their fertilizer retailers promptly to navigate these market changes effectively.

Market Update:

Corn, Soybeans and Wheat are represented in bushels.*

Prices retrieved from TradingView

Tech Innovations:

Controlling birds from attacking crops…with lasers**

Laser technology is increasingly used as an effective bird deterrent. It works by projecting laser beams that birds find startling and uncomfortable, encouraging them to leave the area. This method is environmentally friendly and non-lethal, making it suitable for agricultural settings where protecting crops is essential. Laser deterrents can cover large areas and adapt to different environments, offering a modern solution to bird management.

**This is not an add to purchase anything, just simply a resource to understand how tech is shaping the ag industry.

Research Findings:

Crop Progress

The latest Crop Progress report from the USDA, as of October 6, 2024, brings us some encouraging news about our key crops. Here’s a closer look:

• Corn is Thriving: Corn is making impressive strides this season! About 87% of the corn crop has reached maturity, and harvesting is in full swing across many states. This is a positive sign for producers as they work to bring in a bountiful harvest.

• Soybeans Approaching Harvest: Soybeans are also doing well, with 90% of the crop now dropping leaves. This indicates they’re nearing harvest time, which is great news for farmers looking to wrap up their soybean production.

• Cotton Bolls Opening Up: Cotton is looking promising as bolls are opening nicely in key growing regions. Harvesting is progressing, and producers are optimistic about the quality of the crop.

• Pasture Conditions Vary: The report notes that pasture conditions are mixed across different states. Some areas are experiencing good conditions thanks to favorable weather, while others are dealing with fair conditions, reminding us of the variability in farming.

Overall, it looks like crops are coming along well as we head deeper into the harvest season! Farmers and producers are eager to see how the rest of the season unfolds.

Upcoming Events:

Protein Pact Summit 2024: Oct 9^th-11^th 

The Protein PACT Summit 2024 will take place from October 9-11 in Austin, TX. This event gathers leaders from the meat industry to discuss topics related to sustainable protein production and building consumer trust. Participants can expect valuable insights into sustainable practices and strategies for continuous improvement within the industry. It's also a prime opportunity for networking and collaboration on creating a more sustainable food system.

Western Seed Association Convention: Oct. 27^th-30^th

The Western Seed Association (WSA) supports the seed industry by organizing conventions, offering scholarships, and creating networking opportunities. Their upcoming convention in October 2024 will connect industry professionals and celebrate contributions to the field. WSA provides valuable resources to its members, helping them stay informed and engaged.

KANSAS AGRI BUSINESS EXPO: November 20^th-21^st

The Kansas Agri-Business Expo is set for November 20^th-21^st, 2024, in Wichita, Kansas. This event brings together agricultural professionals to network, showcase products, and discuss industry trends. Attendees can expect educational sessions, keynote speakers, and an exhibition featuring the latest agricultural innovations. It's a valuable opportunity for those in the agri-business sector to connect and learn.

Ending

Thanks for joining us for this edition of Daily Harvest! We’ve explored important topics affecting the agricultural landscape, from market trends to innovative technologies. Staying informed is essential as we navigate these changes together. In the next edition, we’ll dive into more interesting developments in the farming world.

See you next time, and happy harvesting!