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In the arrangement, which has been in negotiation since February, Ceres Solutions now holds 20% ownership in the United Prairie partnership.
These pests have colossal appetites but don’t tend to pack an economic punch.
“These locations are ideally situated to complement the existing Ceres Solutions presence across the trade area, and we see many potential synergies,” said Jeff Troike, CEO of Ceres Solutions.
Grain shipments on some railroads could stop as early as Wednesday, two days ahead of a possible rail strike. A rail stoppage is growing more likely as the country’s main rail unions remain at odds with rail companies.
Widespread railroad disruptions could choke supplies of food and fuel, spawn transportation chaos, stoke inflation and cause $2 billion per day in lost economic output.
Corn and soybean production will both be down from 2021, according to USDA’s September Crop Production report. That news sent prices higher for both markets.