Skip to main content

Scott Stiles

Aug 31, 2026

7:12
But practically speaking, how easy is it for a farmer to, let's say, adopt winter wheat or winter canola as an enterprise to produce if they haven't been producing it or they haven't historically produced it?
7:26
Yeah, you know, it's probably easier for most growers to, you know, to add wheat to the mix.
7:31
I think a lot of growers in the state have experience with that.
7:34
Canola's relatively new.
7:36
I mean, we've had, you know, in past years, we've tried canola in Arkansas in the early 80s, maybe in the early 2000s, but...
7:43
Just, you know, it's not something that we have a lot of experience with.
7:46
Other consultants aren't going to have a lot of experience with it.
10:16
That's not even the return.
45:45
Well, how much should golfers actually change their natural golf swing versus improving the swing they already have?
45:53
I would definitely say it's improving the swing they have just because it's so difficult to actually change your swing.
46:01
You know, you hear stuff out there that's kind of that like swing your own swing, and they'll show a video of one player who's got kind of a funky move that can make it work.
46:10
whether it's an amateur or tour player.
46:13
But you need to have functional mechanics around it.
46:15
But also most players aren't going to be able to change their swing.
46:18
Like it's just people come in, they'll tell me they want to do a full overhaul on their swing, break it down, build it back up.
48:56
Is there one lesson or concept that creates more of a light bulb moment than anything else you
9:42
You know, what other things did you find interesting about rice in this latest report?
9:46
Yeah.
9:46
Yeah, that was the, that was the, the, the state-level shock for me is, is that, um, Y- USDA found 50,000 more acres of long-grain.
9:56
Re- really didn't expect to see that, but that's, you know, that's confirmed with the, you know, the FSA-certified acres.
10:02
But, you know, on the other hand, a lot of that was offset.
10:05
You had fairly large reduction in Missouri, so the combined drop in acres in Missouri and Louisiana was 45,000, so it offset a lot of that.
10:14
But, you know, we did see some, some other states increase acres.
13:09
Any other thoughts?
6:15
Any takeaways on soybeans? Soybeans.
6:17
The main thing is keeping the stocks the same, $310 million on the new crop, ending stocks, and just not a lot of change.
6:25
There were a few acres added.
6:26
It wasn't quite 700,000 acres added in the June acreage report.
6:34
pretty close to it and um because of that you know they increased production 40 million bushels but offset all that with lower carry and 10 million lower you know beginning stocks and then a 30 million bushel increase in in exports so with um i think there's a little optimism there that you know if the trade deal works out as planned you know we see a little better export volume uh particularly to china the new crop year so and then of course we're seeing some good you know some daily sales announcements last week.
7:05
We had nearly a million metric tons of sales to new crop sales to China last week.
7:12
It's 900,000 metric tons.
9:33
Let's move into some takeaways for corn on the
10:22
Do you think the producers were making acreage adjustments later in the season, mostly driven by the Iran conflict, and maybe that's why they came in so much lower? Or do you think that maybe the initial number wasn't that great to begin with?
10:36
Well, you know, I do think the Iran conflict played a role there.
10:41
You know, we revised the budgets in March, and we still hadn't captured really the top of the urea market.
10:48
But, you know, we reissued the crop budgets in March, and that added, you know, by that time, another $77 an acre in variable costs just from the fuel and fertilizer increases, speaking to rice.
11:04
So when you add, you know, another $70, $77 to, you know, just round it off, $80 an acre of variable cost, that in turn, you know, increased their break-evens, you know, more, maybe another, you know, $0.45 to $0.50 a bushel.
11:18
So I do think that, you know, played a role.
11:22
I mean, just think about it.
13:35
You know, do you think this big drop in acreage and as low as we've gotten it to now, is this more structural or cyclical?
9:09
So, you know, would you say that a farmer needs to be, if they haven't booked anything yet, that they probably need to start thinking about booking and booking a significant amount of their production for '26 if they don't have storage?
9:20
Certainly between now and mid-June, if you look at the seasonal tendency over the last 15 years, you're seeing the, the price high by, by mid-June, and then after that, everything's going well weather-wise, then prices will drop from mid-June into, into harvest.
9:38
But we're kind of in a, this May-June timeframe, markets watching planting progress, and right now there's not any concerns about that.
9:46
You know, the key, you know, corn-producing states, crops going in a little ahead of the, of the five-year average.
9:52
So there's no concerns about that.
9:54
But if we did enter, you know, into a wet period where you're a crop insurance person, you know, if you, if you got in a situation where there was a lot of prevent plant and some acres shifted into soybeans, you know, that might create, you know, some volatility in the market.
10:08
But, but right now, you know, planting is, is going smoothly.
15:10
What you got for rice?

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.