News
Brazil’s Soybean Supplies Tight
Published November 8, 2020
Brazil soybean supplies remain tight as planters are rolling. According to Bower Trading market analyst Ben Kasch, demand is the driver. "We saw really strong export sales last week, especially for soybeans. This market seems to have a lot of…U.S. Grain Shipment to Brazil Friendly for Markets
Published November 8, 2020
News that Brazil is buying U.S. soybeans will impact supply. Martinson Ag Risk Management President Randy Martinson thinks Brazil will need to buy corn, too. "That's been helping the corn market. To see the grain shipment going to Brazil is…Traders Prepare for November Supply/Demand Report
Published November 8, 2020
Kluis Commodities market analyst Jacob Burks will closely monitor demand in this week's USDA Supply and Demand Report. "Exports, feed and ethanol are all important." The trade is also expecting the USDA to begin ratcheting down yields. "Yield isn't always…Canola Growers Meet to Review Research
Published November 8, 2020
The Northern Canola Growers Association hosted a virtual research conference on Thursday. Throughout the morning, attendees heard about canola fertility trials, blackleg and clubroot resistance, the 2020 breeding program and more. NDSU Extension Entomologist Jan Knodel reflected on insecticide resistance…Smith Re-elected to Senate
Published November 7, 2020
Minnesota Senator Tina Smith is ready work with a new Republican leader on the Senate Agriculture Committee. Based on seniority, Arkansas Senator John Boozman is expected to have that job. "I have a good relationship with Senator Boozman and I…Increase in Q3 Sales for AGCO
Published November 7, 2020
AGCO, a farm machinery manufacturer, is reporting an 18.4 percent increase in its third quarter net sales over one year ago at $2.5 billion. Net income for the quarter is $158.1 million. AGCO Chairman and CEO Martin Richenhagen says AGCO’s…ADM Reports an Earnings Drop
Published November 7, 2020
Archer Daniels Midland is reported third quarter net earnings of $225 million. Operating profits are at $904 million compared to $758 million one year ago. ADM’s Ag Services and Oilseeds division reported net earnings of $436 million. For 89 consecutive…Johnson Looks Ahead to Farm Bill Debate
Published November 7, 2020
South Dakota Congressman Dusty Johnson was re-elected for a second term. The House Agriculture Committee member expects work to begin on a new farm bill in 2021. "I know it seems like we just passed one and we did, but…Biden is 46th U.S. President-Elect
Published November 7, 2020
Four days after Election Day, Democratic candidate Joe Biden is projected to be the 46th U.S. president. In a statement following the announcement, President Donald Trump said the election "is far from over" and the campaign will pursue legal action…