STAFF BLOG AG RIGHT Actions and consequences
I've written several stories about how the proposed Food and Drug Administration ban on artificial trans fat in the U.S. food supply could affect Upper Midwest agriculture. One of the stories, an inte... Posted on 11/22/13 at 11:03 AM
WASHINGTON - Lower prices created resurgent demand for U.S. corn at home and abroad, including in the ethanol market, the U.S. government forecast on Tuesday, resulting in smaller, but still ample, stocks at the end of this marketing year.
The wheat markets had losses of 15 to 20 cents last week, following along with the steep losses seen in the row crop markets. Noncommercial money was flowing out of the grain markets ahead of the holiday breaks and year-end.
Chad Groos, 41, farms two miles north of Coleman, S.D., with his father, Andy, and brothers Eric and Grant. Groos says his family is fortunate this year, compared with those farther south plagued by severe drought.
The national agriculture drought and the specter of hot, dry conditions during corn pollination are looming large for farmers Agweek visited on July 17 and 18, in a swing that went from Fargo, N.D., to Rugby, N.D.
With the exception of July Minneapolis, the wheat markets traded moderately lower for the week. For the week ending June 14, July Minneapolis gained 25 cents, September Minneapolis was down 5.75 cents, July Chicago was down 8.5 cents, September Chicago lost 7.5 cents, July Kansas City lost 10 cents and September Kansas City was down 10 cents.
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