Top Stories Articles
Grain Prices Need to Increase Enough to Ration Demand
Published November 10, 2020
Grain prices will need to climb high enough to ration demand. "The $12 number in the soybeans is being talked about a lot right now," said Jacob Burks, market analyst, Kluis Commodities. "For the corn, $4.50 is being discussed. The…Global Ending Stocks Reduced in November Report
Published November 10, 2020
The USDA cut global ending stocks of corn by nine million tonnes from last month to 291 million metric tons, due to the reduction in the U.S. crop. Global soybean production was cut 2.2 million tonnes from last month to…USDA Report Highlights Strong U.S. Crop Demand
Published November 10, 2020
In the November Supply and Demand report, USDA lowered U.S. production and raised demand more than expected. U.S. corn production was lowered to 14.5 billion bushels on a yield of 175 bushels per acre. Soybean production was lowered to 4.1…AgriBank’s Credit Quality Remains Positive
Published November 10, 2020
St. Paul-based AgriBank reports third quarter net income of $159 million. That’s down from $174 million one year ago. Credit quality remains strong with over 99 percent of its loans classified as acceptable. That’s up 1.2 percent from the end…Heitkamp is a Possible Choice for USDA Post
Published November 9, 2020
Speculation has begun over the possible cabinet picks in a Biden administration. Former North Dakota Senator Heidi Heitkamp is getting most of the attention for the top job at USDA. Both Bloomberg and Politico have named Heitkamp as the likely…Farm Business Management Program Touted with COVID-19 Scholarships
Published November 9, 2020
An estimated 350 Minnesota farmers are currently distressed because of COVID-10. AgCentric Director Keith Olander says agriculture has been in a “pressure cooker” situation for a number of years. "Profitability, if it existed at all, was very slim. Most farms…Angus CEO: Resilience is in the Cattle Producer’s DNA
Published November 9, 2020
The annual American Angus Association Convention kicked off Sunday, November 8 in Kansas City. While very few things have been “normal” in a year full of change, CEO Mark McCully said resilience is in the cattle producer’s DNA. "2020 has…Former Green Bay Packer Encourages Angus Cattlemen to “Elevate Their Game”
Published November 9, 2020
Even though the 137th Annual Gathering of Angus cattle producers was simplified, this year’s event started on a high note. Former NFL wide receiver and Green Bay Packer Jordy Nelson spoke to convention attendees having said, in times of change,…AFBF President Congratulates President-Elect Biden
Published November 9, 2020
American Farm Bureau Federation President Zippy Duvall went to Twitter with a message for President-Elect Joe Biden. "It's a time for strong leadership and for us to put our differences aside. Our farmers need more trade, we need to complete…