News
Farm Credit Loan Volume Up
Published May 8, 2018
Combined net income for the Farm Credit System increased 1.8 percent to $1.27 billion for the first quarter of 2018. Net interest income was $2 billion for the first quarter of 2018, compared to $1.9 billion for the first quarter…Bioindustry Summit to be Held This Week
Published May 8, 2018
The 2018 Bioindustry Summit is set for Wednesday on the North Dakota State University campus. Topics will include efficiency gains in corn ethanol production, soybean-based biodiesel and market development, as well as updates on federal biofuel policy and trade. NDSU…Equine Herpes Virus Confirmed in Area Horses
Published May 8, 2018
Several cases of the equine herpes virus have been confirmed in horses in North Dakota and surrounding states this spring. The recent cases are a reminder for horse owners to practice good biosecurity. EHV can be spread by airborne droplets,…Mitsui & Co to Close Brazilian Commodity Business
Published May 8, 2018
The Japanese trading firm, Mitsui & Company, plans to close its Multigrain business unit in Brazil by the end of the year. Mitsui was a part of a joint venture with CHS before acquiring 100 percent ownership in Multigrain for…RFS on the White House Agenda Today
Published May 8, 2018
Another White House meeting will concentrate on the Renewable Fuel Standard today. South Dakota Corn Growers Association executive director Lisa Richardson believes President Donald Trump will support a waiver, that will allow year-round sales of E15. The Environmental Protection Agency…A Busy Week for Corn Planting
Published May 8, 2018
Nationwide, corn planting progress jumped more than 20 percentage points in one week. Nearly 40 percent of the corn is planted across the country, up from 17 percent last week. In Illinois, 74 percent of the corn is planted, which…Costs Expected to Rise for Tyson Foods
Published May 8, 2018
Tyson Foods reports a second quarter profit of $315 million. That’s down from $340 million last year. Sales for the food company increased nearly eight percent, but that was below the expectations of most analysts. Tyson officials said costs will…A Positive Financial Report for Mosaic
Published May 8, 2018
In the first quarter, Mosaic reports a profit of $42 million. That compares to a net loss of $1 million last year. Higher prices for Mosaic’s phosphate and potash products gave the sales figure a boost, although trade volumes were…1Q Loss for The Andersons
Published May 8, 2018
The Andersons suffered a net loss of $1.7 million in the first quarter. A year ago, the Ohio-based agriculture company had profits of nearly $2 million. The Andersons report better year-over-year results for its grain and ethanol businesses. Income from…