Retail Business
USDA’s weekly Crop Progress report released Monday shows the corn crop condition ratings fell nationwide, down to 65% good to excellent. That compares to the 68% rated posted last week.
The partnership provides CommoditAg with a new product line – tarp systems and replacement parts – to round out its extensive product offerings to farmers and ranchers.
The Ag Credit Survey from the KC Federal Reserve shows strong profit potential for farm borrowers is helping support a second consecutive quarter of increasing farm incomes, loan repayment rates and farmland values.
U.S. corn futures rose 1.5% on Tuesday after the U.S. Department of Agriculture (USDA) pegged planting progress behind market expectations, stoking concerns over global supply.
As of Friday morning, there were 62 vessels and 1,058 barges in the queue, ready to head to the Gulf.
The unexplained suspension of operations of a key Chinese agricultural data provider has left traders, analysts and brokers scrambling for other sources of information on one of the world’s most important farm markets.
A significant fracture on the I-40 bridge is now shut down to not only vehicle traffic, but barges until the issue can be fixed. The emergency shut down is a barrier for barge traffic along the Mississippi River.
Inflation concerns are heating up as fresh data from the Labor Department shows U.S. consumer prices have risen more than 4% over the past year, marking the sharpest increase since 2008.
Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes could happen sooner than anticipated.
USDA’s first look at new crop in the May WASDE indicated higher crop prices could start to erode demand. However, USDA points out greater domestic use could help offset the idea of lower exports.
A pioneer who helped improve nutrition and health for millions of people around the world is being recognized for her groundbreaking work. Doctor Shakuntala Haraksingh Thilsted is this year’s World Food Prize winner.
As soybean supply concerns continue to impact the market, USDA’s fresh look at 2020/2021 ending stocks in the May WASDE report paints a scenario where soybean supplies will remain extremely tight.
Mid State Milling is the first feed and third company overall to join the Landus optimization model within the span of one month.
Chicago Board of Trade soybean futures jumped 1.8% on Tuesday, surging above $16 a bushel for the first time since September 2012 as traders focused on prospects for tight supplies until late 2022.
Restaurants closing early. Sign after sign plastered along roadsides with businesses looking for help. The hiring issue is crippling everything from manufacturing to the restaurant industry today.
The last seven days were busy with corn planting across the U.S.
Farmers John and Kara Boyd share the challenges of practicing regenerative ag in Southern Virginia. John leads the National Black Farmers Association and Kara founded the Association of American Indian Farmers.
Chicago Board of Trade corn futures extended a rally on Thursday above eight-year highs as dry weather threatened harvest yields in major exporter Brazil and kept the focus on ebbing global supplies.
The latest Ag Economy Barometer shows farmer sentiments remain strong. The April Barometer reading climbed one point to 178, which is just five points below it’s all-time high set back in October.
GROWMARK and Castlen Enterprises announced today significant progress on a project that will bring a new large-scale warehouse distribution center in Owensboro, Ky.
A tradition for more than 100 years will now be a thing of the past. The CME Group announced this week it’s not reopening the open outcry pits on the trading floor, which means the tradition will be gone for good.
Grain markets continuing to rally this week as the quick pace of planting isn’t enough to overcome concerns about drought and dryness in the U.S. and Brazil.
Nutrien leadership shares five areas for growth in its retail business.
There is growing concern crops being harvested will make it to market. The problem stems from a lack of truck drivers as COVID-19 concerns and high unemployment benefits are impacting the available workforce.
U.S. ag commodities trader Bunge Ltd adjusted income rose more than three-fold in the first quarter from a year earlier as strong crop export demand and stout oilseed crushing margins bolstered its core segment.
“No one has everything they need right now,” says Tom Lyons, vice president of supply chain at Nufarm. “We’ve been on plan A, plan B, and plan C.”
In a venture to produce cleaner energy, big oil is turning to soybean oil. In April, Phillips 66 announced an investment in a soybean-processing plant in Iowa.
Snittjer Grain is an independent Grain elevator in Wellsburg, Iowa and has been servicing our customers and community for over 60 years.
Plastic-based products and materials are in short supply as rising costs also deliver sticker shock on many farm supply products. From demand to production shortages at plants, the problem first popped up last summer.
How high will prices go? How long will the high prices last? What is behind this rally? Here are some of the factors at play.