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.
WASHINGTON — The nation’s two leading grain organizations on May 10 urged the Commodity Futures Trading Commission to institute a 30-day public comment period to provide time to assess issues related to announced plans by the InterContinental Exchange and CME Group to launch expanded electronic trading hours this month for grain and oilseed futures and options contracts.
National Grain and Feed Association
, May 10, 2012
Wheat closed last week ending April 19 mixed, with the winter wheat contracts ending with small losses to small gains while Minneapolis lost ground. For the week ending April 19, May Minneapolis was off 15 cents, May Kansas City was 5.5 cents lower and May Chicago was 1 cent higher.
President Barack Obama and Agriculture Secretary Tom Vilsack on Feb. 13 released a proposed fiscal year 2013 Agriculture Department budget that would eliminate the direct payment program and cut crop insurance but reinstate permanent disaster programs and increase competitive grants for agricultural research.
FARGO, N.D. — The North Dakota State Seed Department has denied a request by the Dakota Resource Council to block Canadian flax and flaxseed at the border because of potential contamination with genetically modified seed.
WILLMAR — “Don’t let what happened to us happen to you.” The words of a German farmer could well be a foretelling of the demise of American animal agriculture and of food safety and security in this country.
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