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Tag Archives: grain

ANDERSONS TO EXIT RETAIL

U.S. grain handler Andersons Inc. said Sunday it plans to exit the retail business, affecting more than 1,000 employees. The company, which buys gain, produces ethanol and leases rail cars, said it will shutter its four retail stores in Ohio in the second quarter of 2017. The closure will have no impact on the company’s… read more

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EXPORT TAXES DROPPED

The new Argentine president today eliminated export taxes for grains, and lowered the rate on soybeans.  In the case of soybeans the rate will fall from 35% today to 30%, while for corn (20%), wheat (23%) and meat (9%) will be eliminated entirely.

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ILLINOIS GRAIN FARM INCOME DOWN 81% THIS YEAR

A sharp drop in Illinois grain-farm income for 2015 could continue for several years as a result of low commodity prices, according to University of Illinois projections released Wednesday.  The average $20,000 profit projected this year compared with $104,000 in 2014 would be at levels not seen since 1998 through 2002.  The 81% drop follows… read more

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FARM OUTLOOK

In 2015 & 2016, average net incomes on grain farms in Illinois are projected at levels similar to those from 1998 through 2002, the last time very low incomes occurred in agriculture. Current projections place average net income on Illinois grain farms at about $20,000 per farm, considerably below the $104,000 per farm average for… read more

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WAITING OUT

Spot trading on Argentina’s main grains and oilseed market has slowed sharply as farmers hold on to their crops in the expectation this month’s presidential run-off vote will lead to a reduction in hefty export taxes.

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WET SUMMER CASTS DOUBT ON UPCOMING HARVEST

Corn yields ranged from 74 bushels an acre to 247 bushels an acre in some central #Illinois fields. One of the wettest summers in modern Illinois history has shrouded the coming harvest season in a mystery only the reapers will answer once they hit the fields in earnest next month. An annual corn yield tour organized… read more

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ISLAND OF CALM

Monday’s grain markets seemed like an island of calm amidst the volatility of the stock market. AgriVisor’s Dale Durchholz told RFD Radio that China is unlikely to stop buying U.S. grain despite a slowing economy.

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CLOSING THE PITS

The closure of the grain/livestock pits next month is fast approaching. Crain’s Chicago Business has put together a multi-media article from numerous floor traders on the history of futures trading in Chicago.

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HOUSE OK’s

The U.S. House passed a pair of bills aimed at avoiding future disruptions of export grain inspections and livestock market reports.    

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TRADING CHANGES

CME Group announced Tuesday that the exchange will offer an extended grain and oilseed Globex futures daily close from 1:15 pm CT to 1:20 pm CT and expects to be implemented on July 6th,  2015. The CME Group last February announced the July 2015 closing of most futures pits in Chicago and New York.

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