As the supply chain snarled, prices spiked. Prior to Hurricane Ida, a New Orleans barge of urea to ship in September to destinations across the U.S., Canada traded at $450 a ton. After, the price jumped to $552 a ton.
Iowa-based farm services provider NEW Cooperative Inc said on Monday its systems were offline to contain a “cybersecurity” incident that it did not specify but later said it had contained.
Global commodities trader Cargill Inc is launching a carbon farming program for the 2022 season that will pay growers for production practices that lower emissions and capture more climate-warming carbon in soils.
General Motors will reduce production at most North American assembly plants this month because of the ongoing semiconductor chip shortage, hitting its profitable truck and sport utility vehicles, it said on Thursday.
Grain shippers on the Gulf Coast reported more damage from Hurricane Ida to their terminals on Wednesday as Cargill confirmed damage to a second facility, power outages across southern Louisiana kept others shuttered.
South Louisiana braces for a month without electricity and reliable water service in the wake of Hurricane Ida, one of the most powerful storms ever to hit the U.S. Gulf Coast, as people faced suffocating heat, humidity.
Dryness over the next six months in Argentina is expected to reduce the size of the country’s two main cash crops, corn and soy, while complicating navigation of grain cargo ships on the Parana River, analysts said.
Corteva Inc has launched a new genetically modified soybean seed in Brazil following approval of the product in the European Union, a move likely to fuel competition on the local biotech seeds market.
The EPA is expected to recommend to the White House lowering the nation’s biofuel blending mandates below 2020 levels, in what would be a blow to the biofuels industry, two sources familiar with the matter said Friday.
Deere & Co beat Wall Street estimates for Q3 revenue on Friday and lifted its forecast on strong demand for farm and construction equipment. Revenue in equipment operations rose 32.5%, total revenue jumped 29.2%.
