Archive | Archived Posts

News Flash: November 21, 2014

INDUSTRY El Niño’s effect on harvest means edible oil imports must grow by half India’s import bill for edible oils this year is expected to increase by 50% due to sizeable shortfall in its own oil seeds production as a result of El Niño. Typically, El Niño conditions lead to either a delay in the […]

News Flash: November 6, 2014

INDUSTRY Pain in Trains Falls Mainly on Grain The worst rail delays in more than a decade are impeding crop shipments in the Midwest, causing grain-storage facilities to fill up and sending prices for corn, soybean and soybean meal up sharply. Congestion on railroad networks, now threatening to extend into a second year in the […]

News Flash: October 30, 2014

INDUSTRY USDA to restart US oilseed crush reports in July The USDA has announced that it plans to begin releasing a monthly US ethanol production report in February 2015, the first of several reports to be re-launched that were discontinued by the Census Bureau in 2011. In addition to the monthly ethanol data, other reports […]

News Flash: October 24, 2014

INDUSTRY Corn and Soybeans Decline as U.S. Harvest Accelerates Corn futures dropped from the highest price in seven weeks as dry weather helps farmers harvest the biggest crop ever in the U.S. Soybeans also fell. Conditions in the southern and eastern Midwest are improving after rains delayed work in the fields. 31% of the corn […]

News Flash: October 16, 2014

INDUSTRY Corn, Soybean Prices Fall, Despite USDA Raising Outlooks U.S. corn and soybean prices tumbled last Friday, after government forecasters predicted harvests will be even larger than the record levels previously expected. The closely watched monthly crop report from USDA said domestic farmers will harvest a record 14.475 billion bushels of corn for the current […]

News Flash: October 9, 2014

INDUSTRY Walmart Announces New Commitment to a Sustainable Food System at Global Milestone Meeting Walmart, this week, announced its commitment to create a more sustainable food system. The company will reach this goal through four key pillars: improving the affordability of food for both customers and the environment, increasing access to food, making healthier eating […]

News Flash: October 2, 2014

INDUSTRY Search is on for rail congestion cure Significant railroad delays throughout the Upper Midwest are impacting the oilseeds industry; in the region and beyond. Bill Gordon, a soybean farmer, told a joint meeting of five Minnesota legislative committees Tuesday that the state should consider allowing heavier trucks on Minnesota roads and shippers should make more […]

News Flash: September 25, 2014

INDUSTRY U.S. weekly outlook – Monitoring corn and soybean consumption The corn and soybean markets appear to be expecting the USDA’s already very large U.S. production forecasts to be increased in the October 10 Crop Production report, said University of Illinois agricultural economist Darrel Good. “Larger crop expectations stem from expectations for higher yield forecasts, […]

News Flash: September 18, 2014

INDUSTRY Ag bracing for railroad delays as record harvest looms A few months after fields were harvested in 2013, the Corn Belt experienced a brutal winter. Competing demands between coal, oil, grain and other commodities for space on the country’s clogged rail network left companies such as Canadian Pacific Railway and BNSF Railway struggling to move […]

News Flash: September 11, 2014

  INDUSTRY Corn Declines to Four-Year Low as USDA Sees Bigger Crop Corn and soybeans fell to four-year lows after the U.S. forecast record harvests and expanding global inventories that will help limit gains in food inflation. Domestic farmers will collect 14.395 billion bushels of corn in the season that started Sept. 1, while the […]