Chicago | Reuters — David Fullington paid a “ridiculous” price of US$13,600 an acre for a 200-acre farm in Illinois within the last year and says he and his partners […] Read more
No crash in U.S. farmland seen despite tumbling grain prices
CIF Gulf Grain-Nearby soybean basis continue surge on processor demand
CHICAGO, Aug 22 (Reuters) – U.S. CIF Gulf soybeans nearby basis markets were sharply higher, continuing a trend this week, as processors encouraged farmers to sell any remaining beans left from last year’s […] Read more
U.S. grain backlog to ease after firms, union reach tentative deal
Chicago | Reuters — A backlog in grain shipments from the biggest U.S. West Coast terminal should start easing as inspections resumed on Tuesday, after unions and grain companies reached […] Read more
USDA to resurrect monthly soybean crush report
Chicago | Reuters –– The U.S. Department of Agriculture will bring back a much-sought-after monthly oilseeds reports eliminated two years ago due to federal belt-tightening, the director of a key […] Read more
Big U.S. harvest boosts Cargill earnings
U.S. agribusiness giant Cargill on Thursday reported a 36 per cent rise in quarterly profit, supported by a bigger U.S. crop harvest in 2013 that led to lower grain prices […] Read more
Arctic blast puts wheat crop at risk in U.S. Plains
Frigid weather headed to the U.S. Plains states next week will push the young wheat crop into dormancy and cause damage if snow fails to blanket the crop before the […] Read more
Trick or treat? Grain hedgers haunted by the ghost of MF Global
Two years ago on Halloween thousands of U.S. grain farmers got the scare of their lives when broker MF Global collapsed and more than a billion dollars of their money […] Read more
Cargill picks new CEO
Agribusiness Cargill Inc. on Wednesday said its CEO will step down on Dec. 1 in the latest management shuffle among the world’s top agricultural trading houses. Gregory Page, 62, will […] Read more
Cargill doubles annual earnings after strong quarter
U.S. agribusiness giant Cargill on Wednesday reported a sixfold rise in fourth-quarter net earnings and nearly doubled full-year earnings, citing strength in its core grain-based and financial services. Minneapolis-based Cargill, […] Read more
Dry area expands in western U.S. Corn Belt – Drought Monitor
Abnormally dry areas expanded in the U.S. western Corn Belt, including the top crop state of Iowa, over the past week to put much of the corn crop at risk, […] Read more
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