WINNIPEG, Manitoba — The first oats from the southern prairies are coming off OK. Weights are adequate to good — most is coming in between 240 and 260 grams per half liter (millers want a minimum of 240 grams) and yields are running between 100 and 130 bushels per acre. Quality seems fine.
I recently received a call from a farmer regarding a grain elevator insolvency, and thought this would be a good time to review some of the laws related to elevator insolvencies. As Agweek staff writer Mikkel Pates pointed out in March, in the past few years, we have seen several significant elevator insolvencies.
Wheat started last week on the defense, but recovered to end the week with gains. When it was all said and done, wheat closed mixed. For the week ending Aug. 28, September Minneapolis lost 14.75 cents, September Chicago gained 4.5 cents and September Kansas City gained 1.5 cents.
The need to make a choice between Price Loss Coverage and Agricultural Risk Coverage has the effect of forcing farmers to think what crop prices could look like in the next five years. That is the period during which farmers will be locked into either PLC or ARC by the one-time selection they will have to make this fall.
Daryll E. Ray and Harwood Schaffer
September 02, 2014
A Scandinavian friend of mine once told me an African proverb. It said, “When an old man dies, a library has burned to the ground.” I thought of that when I was asked to eulogize my mother’s “Norwegian rancher bachelor” cousin, Orlin.
As I reflect on my past market tracking, we’ve lost 50 cents per bushel on new-crop corn and another 70 cents per bushel on soybean harvest delivery prices in the past month. The price decline is being fueled by the large portion of excellent crop ratings across the nation as a whole.
Next month, scientists, executives and investors from all across the globe will travel to Sioux Falls, S.D., to attend the Livestock Biotechnology Summit. This is the second time South Dakota will have hosted the Livestock Summit, which is sponsored by the Biotechnology Industry Organization.
WINNIPEG, Manitoba — Spring crops, specifically oats and barley, are starting to be taken off in southern areas. Quality and yields appear about normal. Oats have decent weights. Rain has been scarce since June and it’s been hot. A crop that looked to be above-average might now be about average.
Wheat traded back and forth last week. In the end, wheat ended mixed with hard wheat (Kansas City and Minneapolis) ending with strength, while the soft wheat (Chicago) slipped. For the week ending Aug. 21, September Minneapolis gained 3.75 cents, September Chicago dropped 5 cents and September Kansas City gained 2.25 cents.
Wheat struggled last week as traders positioned themselves ahead of the U.S. Department of Agriculture’s August crop production report. Improving fundamentals added pressure. For the week ending Aug. 14, September Minneapolis lost 13 cents, September Chicago dropped 12 cents and September Kansas City gave back 21 cents.
Pea harvest is under way in the south, but not yet general. Few samples have made it to processors, but there doesn’t appear to be any reason to think quality will be an issue. Trade is just getting under way.
I talked once with a farmer who repeatedly mentioned the “individualized housing” in which animals live. He slipped once and used “cage,” but quickly corrected himself.
OK, I told myself, it’s the old control-the-language, control-the-debate approach. But the animals live in cages, and that’s the term I’ll keep using.
As a life-long resident of rural North Dakota and a professional in the environmental field, I have spent my entire life caring about our state’s outdoors and natural resources. I’m committed to preserving the land and protecting our wildlife populations, which is why I’m a board member on the Mercer County Soil Conservation District and monitor the health of wildlife populations on reclaimed lands.
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