Is $4 corn here to stay?

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A market analyst says weather will determine if $4 dollar corn is here to stay. Mark Schultz with Northstar Commodity in Minneapolis tells Brownfield corn has rallied to five month highs on weather concerns in Argentina and Brazil. “If we’re going to see corn (prices) here to stay, I believe you’re going to have to… Read more »

Vilsack to assure TPP partners at G7 meeting

U.S. Ag Secretary Tom Vilsack says he will provide assurances about the Trans Pacific Partnership (TPP) at the G-7 meeting in Japan. The U.S. and two G-7 countries, Japan and Canada, are part of the 12-nation agreement,  “I want to reassure my colleagues that I’m confident that at the end of the day Congress will… Read more »

Challenges ahead for the ag sector

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An agricultural economics professor says lower commodity prices and a continued drop in farm income has ag lenders’ confidence wavering. At a House Ag subcommittee hearing on tightening credit conditions in agriculture, Allen Featherstone with Kansas State University, testified that 2016 will be a pivotal year in production agriculture.  “Given that net farm income in… Read more »

Syngenta CEO says ChemChina deal still on track

The CEO of Syngenta AG says the company is still on track to complete a takeover by ChemChina by the end of this year. In a conference call with market analysts, John Ramsay brushed off opposition by some U.S. lawmakers and the possibility that the deal will be blocked by regulators. Ramsay said they intend… Read more »

Mexico partially lifts US poultry import ban

Mexico’s ban on US poultry imports has been partially lifted.  The country will resume importing poultry products from 14 states that it placed a ban on during the avian influenza outbreak last year.  However, the USDA says restrictions still are in place for poultry imports from Indiana due to the avian influenza outbreak earlier this… Read more »

Expect dairy prices to remain under pressure

A dairy analyst says he expects continued price pressure in the dairy market, but the U.S. is faring better than global averages. Tom Bailey with Rabobank tells Brownfield slumped exports, increasing production and increasing imports are oversupplying the U.S. market.  “The U.S. has maintained a premium to the international market thanks to our performance of the… Read more »

Researcher aims to help farmers in Nepal

An Iowa State University post-graduate student will soon be researching opportunities for small farmers in his home country of Nepal. Ramesh Balayar is pursuing his PhD in rural sociology in ISU’s ag life sciences college.  He tells Brownfield Ag News his research will focus on promoting crop diversification among small landholding farmers in poverty stricken areas… Read more »

Improving dialogue with China over GMO crops

The president of the U.S. Grains Council (USGC) says dialogue with China about biotechnology continues to improve. Tom Sleight tells Brownfield USGC has been involved in discussions with the Chinese regarding GMO crops for more than a decade. “It’s the same things we’ve been hearing for a number of years: China needs to have a… Read more »

Political unrest in Brazil could impact grain trade

An analyst says political unrest in Brazil has helped spark a rally in soybean prices. Arlan Suderman with I-N-T-L FC Stone tells Brownfield the Brazilian real has reached eight month highs on hopes that a presidential impeachment could strengthen that country’s economy. “That’s probably not likely; I think they’re thinking that because when they previously… Read more »

NCBA urges passage of 12-nation trade deal

The National Cattlemen’s Beef Association (NCBA) Wednesday joined U.S Trade Ambassador Michael Froman in urging Congress to ratify the Trans-Pacific Partnership trade agreement.  NCBA Vice President Kevin Kester told reporters on a morning conference call that passage of the trade deal would give more value to beef cuts that aren’t as desired by U.S. consumers… Read more »