Good week for new crop soybean, corn export sales

The USDA reports solid new U.S. corn and soybean export sales for the week ending July 18th. New crop sales for both corn and beans were up from the previous week, with unknown destinations taking the top slot for soybeans and Japan leading the pack for corn. Old crop sales for both were below a…Continue Reading

Congress asked to reauthorize CFTC

House Ag Committee leaders heard strong support for reauthorization of the Commodity Futures Trading Commission as part of a subcommittee hearing Thursday. Walter Lukken is a former CFTC Commissioner and President and CEO of the Futures Industry Association. “Our markets have grown significantly,” he says. “Total trading volume on CFTC regulated exchanges in the U.S.…Continue Reading

IL Soybean Association stressing need for new farm bill

The director of government relations with the Illinois Soybean Association says he’s disappointed the U.S. House will adjourn for the August recess without further movement on a new farm bill. Andrew Larson tells Brownfield… “There’s certainly a lot of concern that a farm bill may not pass before the end of this federal fiscal year,…Continue Reading

St. Louis area returns to close-to-normal water levels

Rivers around the St. Louis area have returned to more normal levels.  Josh Hastings, ADM’s Commercial Manager of the St. Louis and Cairo harbors, says the recent high-water levels north of St. Louis slowed barge traffic.  “What that did was it impacted our ability to go above lock 17 on the upper Mississippi. We have a lot of fertilizer and grains need…Continue Reading

Delta crops look good as growing season progresses

Timely rains have benefited growers in the Delta region. Justin Payne, a Helena product manager based in Arkansas says precipitation at this point in the growing season takes some pressure off of farmers. “Margins are tight at the farm gate you know so that’s always top of mind for the grower and we’re just trying…Continue Reading

Price pressure continues for grains

A commodity broker says weather continues to be one of the biggest challenges facing commodity markets.  “There’s no doubt about it, we’re on a slippery slope right now.” Jody Lawrence, founder of Strategic Trading Advisors says there’s potential for the U.S. to deliver another record-large crop. “We can’t just keep producing fence row to fence…Continue Reading

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