grain trade

WASDE Report Predicts Record Soybean Crop for Brazil

Dan Corn, Industry News Release, Soybeans, Wheat

The latest World Agriculture Supply and Demand (WASDE) Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and …

columbia

Colombia Increases Ethanol Mandate to 10 Percent

Dan Energy, Industry News Release

The Colombian government increased its national blend mandate for ethanol to E10 as of the beginning of this month. Government officials in Colombia say sugar prices dropped considerably in early 2018, encouraging the production of ethanol, which led to the mandated increase. Colombia has a growing domestic ethanol industry, producing sugar-based ethanol. Additionally, U.S. ethanol enters Colombia duty-free per the …

ethanol

Cap on Conventional Ethanol RINs Will Reduce Biodiesel Market

Dan Energy, Industry News Release

A new analysis by the National Biodiesel Board (NBB) and the World Agricultural Economic and Environmental Services (WAEES) found that capping the price of conventional biofuels’ Renewable Identification Numbers (RINs) will significantly harm the production of biodiesel and related industries. Although some believe that limiting the price of RINs for the conventional biofuels market won’t harm biomass-based diesel volumes, the …

progeny

Progeny Bringing the Best Possible Products to Your Farm

Dan Corn, Seeds

Progeny. That’s the name of innovative, high-performing seed products. And they do it all with one goal in mind: to bring the best possible products to your farm. And when it comes to corn seed, Progeny Agronomist John Rocconi says they recently received some great news about one of their hybrids. Progeny Bringing the Best Possible Products to Your Farm

grain traders

USDA Report Indicates Increased Corn Demand

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …

Crop Planting Report

USDA Releases 2018 Planting Estimates

Dan Corn, Cotton, Field Crops, Industry News Release, Soybeans

While some planters are already working in Texas, the Corn Belt seems a long way away from planting because of snow and ice. However, the U.S. Department of Agriculture (USDA) is already thinking about planting. During the Agricultural Outlook Forum in Arlington, Virginia, the USDA released its acreage estimates for 2018. The USDA says corn and soybean acres will be …

weather

Mexico Buying More Brazilian Corn as NAFTA Negotiations Continue

Dan Corn, Industry News Release, Trade

Mexico purchased ten times more corn from Brazil last year than it had previously. Reuters says that’s due to the uncertainty regarding the potential outcome of the North American Free Trade Agreement (NAFTA) negotiations. Mexican government data and top grain merchants all say they fear supply disruption from the U.S. if the White House ever followed through on its threat …

feral hog

Agri View: Feral Hog Problem Over?

Dan Agri View

Everett Griner talks about what is being considered as the last measure to solve the Feral Hog problem in today’s Agri View. Feral Hog Problem Over? Well, the feral hog problem is over. Wouldn’t that be a marvelous headline across the country? But it isn’t. In fact, it gets worse. It is so bad until those trying to stop it …

wasde report

USDA February WASDE Report

Dan Corn, Industry News Release, Soybeans, Wheat

The latest monthly World Agriculture Supply and Demand Estimates (WASDE) report from the Department of Agriculture shows lower estimated soybean exports for the 2017-18 crop year. USDA lowered soybean exports by 60 million bushels to 2.1 billion bushels. The U.S. season-average soybean price range for 2017/18 is projected at $8.90 to $9.70 per bushel, unchanged from the previous report. USDA …

cme group

CME Group Mulling Changes to Corn and Soy Contracts

Dan Corn, Industry News Release, Soybeans

CME Group is mulling potential changes to corn and soybean markets to address concerns the contracts’ prices are not accurately reflecting the underlying U.S. cash grain markets. Reuters reports that CME Group says it is “only in listening mode,” and that no changes are permanent. CME Group has been talking with customers about potential adjustments, as the discussions signal a …