STAFF BLOG AG RIGHT Remember the big issue in ag a year ago?
An area ag commodity group leader and I were talking this week about the long decline in grain prices. He searched for 10 seconds or so to find the year-ago price of his commodity, but couldn't locate... Posted on 10/24/14 at 10:00 AM
Asian feed millers have missed the boat on multi-year-low corn and soymeal prices after a surprise rally in the futures market over the past few weeks, leaving them with hefty costs even as global supplies hit record highs.
In the fall of 2013, a corn producer could have received approximately $3.85 cash price for harvest delivery. Many farmers were not excited to sell at this price, so a lot of grain went into the bin, unpriced.
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.
With the 2012 harvest season well on its way to completion, some southwest North Dakota grain elevators are beginning to see space open up at their facilities, unlike a few years ago when farmers were forced to pile grain along roadsides.
BISMARCK, N.D. — With three active insolvency proceedings being administered by the North Dakota Public Service Commission, and another North Dakota grain elevator in dire straits, it seems a good time to revisit some of the basic laws related to grain elevator and buyer insolvencies. While the laws related to these insolvencies can be complex, there are a few basic issues that farmers should be aware of.
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