News
Transportation Headaches Continue
Published October 24, 2023
Workers at 13 Canadian locks along the St. Lawrence Seaway are on strike. Soy Transportation Coalition Executive Director Mike Steenhoek described it as just one more transportation route that’s closed to farmers. "With all of the supply chain challenges we've…SD Corn Comments
Published October 24, 2023
In this week's edition of South Dakota Corn Comments, South Dakota Corn Growers Association Executive Director DaNita Murray talks about the farm bill timeline will influence legislative priorities.Ceres Settles Charges of Market Manipulation
Published October 24, 2023
Ceres Global Ag Corporation is paying the Commodity Futures Trading Commission $3 million to settle allegations of price manipulation in the oats market. The allegation stems from an attempt in 2016 and 2017 to influence the oats market. The Minneapolis-based…China Inks Purchase Agreements With U.S. Ag Companies
Published October 24, 2023
For the first time since 2017, China has signed purchase agreements to buy U.S. farm commodities. The non-binding contracts were signed at the China-U.S. Sustainable Agricultural Trade Forum in Des Moines. Eleven grain companies, including ADM, Cargill and Bunge, signed…ADM 3Q Financials Released
Published October 24, 2023
Archer Daniels Midland reports third quarter profits of $821 million. That’s down from revenues of $1 billion in the same quarter one year ago. ADM officials blame low grain prices and poor exports for the downturn.New USDA Report Released on Carbon Markets
Published October 24, 2023
USDA Undersecretary for Farm Production and Conservation Robert Bonnie said demand is growing within the carbon market. "You see a lot of the interest from companies that buy commodities in creating their supply chain (and) you see producer groups, whether…Region Well Represented Among Wheat Yield Contest Winners
Published October 24, 2023
The National Wheat Yield Contest winners have been announced. Brad Disrud of Rolla, North Dakota won the Bin Buster category for dryland spring wheat. Disrud’s crop came in just shy of 130 bushels per acre with WestBred 9590. John Wesolowski…Yara 3Q Profits Decline
Published October 24, 2023
The fertilizer company, Yara, had third-quarter net income of $2 million. That compares to $402 million one year ago. Company officials said prices are down significantly from last year. Global instability is being blamed.Dramatic Weevil Problem
Published October 23, 2023
South Dakota experienced a large number of red sunflower seed weevils this past growing season. SDSU Extension Field Crop Entomologist Adam Varenhorst says weevil numbers were alarming. "Thresholds for sunflowers are four-to-six per head and in South Dakota we see…