Efforts to regain Colombia market share begin

Work will begin soon to regain market share in Colombia that was lost to other countries that beat the U.S. to free trade agreements with that South American customer. That’s according to Wendell Shauman, Chairman of the US Grains Council. “It’s a market that should come back to us quickly,” Shauman told Brownfield Thursday. “The… Read more »

‘Farm dust’ bills gaining momentum

Legislation prohibiting the EPA from regulating farm dust is gaining momentum in the House and Senate.  A hearing is scheduled for Friday on the House version of the bill, sponsored by South Dakota Representative Kristi Noem.  “The EPA has talked about putting these standards into place in the past,” says Noem. “We have certainly seen… Read more »

Wisconsin lifts TB restrictions on Minnesota cattle

The USDA has restored Minnesota’s Bovine TB-free status. An infected herd was found in the northwestern part of the state in July of 2005. By the end of 2006, the infected herd number grew to 11 prompting the Ag Department to reduce Minnesota’s status and many states to put restrictions on cattle from the state…. Read more »

An Illinois Soybean director says FTAs a plus

An East-Central Illinois soybean grower who farms along the Indiana state line says the passage of the Korea, Panama and Colombia FTAs by Congress Wednesday night is a case of better late than never. Mike Marron farms in Fithian, in Vermillion County, and is District 7 director of the Illinois Soybean Association. He says the… Read more »

Soybeans rally on supply, demand

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Soybeans were higher on commercial and technical buying. The nearby supply remains tight, demand looks good, and USDA did lower the production estimate Wednesday. Unknown destinations bought 110,000 tons of 2011/12 U.S. soybeans ahead of the open and recent rains have caused harvest delays in some areas. Soybean meal was up and oil was mixed… Read more »

‘ANF Day at Kinnick’ is this Saturday

America Needs Farmers–ANF. That message will reverberate around historic Kinnick Stadium in Iowa City this Saturday when the Iowa Hawkeyes host Northwestern.  It will be “ANF Day at Kinnick”, the result of a partnership announced this summer between the Iowa Farm Bureau and University of Iowa Athletics Department.  ANF was first lauched in 1985 during… Read more »

Pioneer’s largest seed plant opens in Missouri

Pioneer Hi-Bred has opened its $60 million parent and commercial soybean seed production plant in New Madrid County, Missouri, in the Missouri Bootheel.  It is the largest of Pioneer’s plants and production location manager Nathan Bengtson tells Brownfield  there’s been high demand for Pioneer’s Y Series soybeans and the new facility will help meet that need as well as bring  dozens of… Read more »

Cattle trade at mostly lower prices in all regions

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A fairly active cattle trade developed in all regions on Thursday morning at prices steady to $2.00 lower than last week from 118.50 to 120.00 live and dressed sales 1.00 to 2.00 lower at 188.00.The selling interest dried up once live cattle futures reversed from session lows and closed significantly higher. While feedlot managers will… Read more »

Closing Grain and Livestock Futures: October 13, 2011

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Dec. corn closed at $6.38 and 1/4, down 2 and 1/2 cents Nov. soybeans closed at $12.57, up 17 and 1/2 cents Oct. soybean meal closed at $325.20, up $5.10 Oct. soybean oil closed at 52.47, up 61 points Dec. wheat closed at $6.18, down 8 and 3/4 cents Oct. live cattle closed at $121.05,… Read more »

Commodity groups praise passage of FTAs

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Now that the Free Trade Agreements have passed the U.S. House and Senate, the President of the American Soybean Association, Alan Kemper of Indiana hopes President Obama will follow through and sign the agreements as quickly as possible. After that Kemper says work can begin to rebuild lost market share. “International markets are about relationships…. Read more »