1. Event: UP TO THEIR EARS
Choked by a record corn harvest, the state's grain elevator operators are turning away soybean farmers Sunday, November 11, 2007 By Jen DeGregorio On a recent morning at the Port of Greater Baton Rouge, a line of idling trucks waited to deliver loads of soybeans to the Cargill grain elevator, which stores the crop in huge, metal bins on the edge of the Mississippi River. Choked by a record corn harvest, the state's grain elevator operators are turning away soybean farmers Sunday, November...
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2. Event: Genetically modified grain exports remain strong
Still, area farmers and grain buyers say they are having no problems marketing corn or soybeans --- 91 percent of the nation's soybean acres are biotech --- this year. Despite the reluctance of some countries to buy all genetically-altered grain, farmers don't appear to have marketing issues this year. Domestic consumers readily feed and process genetically-modified corn and soybeans once it is federally approved as safe. Soybean acreage nationwide was down 15 percent this year to 64....
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3. Event: Expert says rust found on dead leaves a first
Experts say the recent confirmation of soybean rust in Iowa in 2006 should serve as a reminder that the fungus can happen in Iowa. On March 8, he says an independent crop consultant brought in two baggies, one containing seeds and pods and one with parts of a dead soybean leaf. While experts were able to confirm rust on the soybean leaves when they were dead, Tylka says it is more important to look for signs of the disease earlier. Soybean leaves show various amounts of soybean rust. After...
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4. Event: Area farmers doubling up
Producers can commonly double-crop wheat with soybeans, which means they can plant soybeans right behind the wheat harvest in the same field, and the price of soybeans has soared to as high as $10 per bushel. Next year's soybeans could perform like this year's corn, which was planted in record acreage because of the demand for ethanol. LaFoe and Mulhern said wheat and soybeans also generally have lower input costs that other crops, such as corn and cotton. But that's not the only reason...
Source • 11/6/2007 •
5. Event: Color the Harvest Green
Scores of businesses that serve the agriculture sector are also benefiting, especially railroads, trucking and ports, as well as farm equipment makers and construction companies. And it'll last years as demand grows for farm products such as corn, wheat, soybeans, milk, meat and poultry and fresh produce, among others. It's creating high demand and high prices for major crops, "with the resulting increases in farm income ultimately equating to optimism around equipment sales. Acting...
Source • 11/7/2007 •
6. Event: Allendale Early Calls: Cattle Steady, Corn & Wheat Down
China Dalian Exchange corn, and palm oil close lower while soybean meal, soybean oil, non GMO soybeans and soybean close higher. One very small strong stopper, 4 contracts (commercial buyer) Hungary wants to build grain reserves. Allendale Early Calls: Cattle Steady, Corn & Wheat Down. Allendale Early Calls: Cattle Steady, Corn & Wheat Down. Malaysian Palm oil futures close down 71 ringgit on the slide of US crude oil to 96 dollars per barrel as Saudi Arabia said OPEC would look at raising...
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