Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

Tag Archives: grain

ADM EXPANSION

ADM announced today that it is investing in substantial improvements and expansions to its port facilities in Puerto San Martin in the Argentine state of Santa Fe, enhancing the company’s capability to export grain and other agricultural products from the region. The improvements are expected to be complete by early 2016.

Posted in Agriculture News | Also tagged , , , , | Comments closed

CHINA’S REACH

Little known globally but pervasive in China, Cofco is bulking up to become the Chinese answer to U.S. grain and meat giant Cargill Inc. Cofco—the officially adopted abbreviation of China National Cereals, Oils and Foodstuffs Corp.—now owns food-producing assets on five continents, according to the Wall Street Journal.

Posted in Agriculture News | Also tagged , , , | Comments closed

WHOLE FOODS

Whole Foods Market is the 800-pound gorilla of the organic food retailing, but even it is having trouble finding enough non-GMO grain to make products that stock its shelves, according to Errol Schweizer, executive global grocery coordinator for the company. “It’s like pushing a rope uphill,” he says at USDA event. He blames lack of… read more

Posted in Agriculture News | Also tagged , , , , | Comments closed

PIT TRADING ENDS

CME Group announced last evening that traditional pit trading of grains and livestock in Chicago will go all-electronic on July 2. Only 1% of the trading in Chicago was going through the pits, the remainder already on e-trade.

Posted in Agriculture News | Also tagged , , , | Comments closed

CHINA CORN

Chinese grain analyst CNgrain released a report today estimating China 2014/15 ending Corn stocks at 120 million tonnes and the stocks-to-use ratio at a new record of 60%.

Posted in Agriculture News | Also tagged , , | Comments closed

RAIL WOES HELPING BARGES

As of Nov. 1, year-to-date grain barge tonnages were 13 percent higher than the five-year average and the highest since 2010, according to a recent Agriculture Department report. That rising demand has also affected prices – barge rates for export grain in October averaged 33 to 60 percent higher than the five-year average during that… read more

Posted in Agriculture News | Also tagged , , , | Comments closed

CHINESE RESERVES

Grain analysts are expecting China’s government to stockpile some 40 million tonnes (MMT) of corn to state reserves in the 2014/15 marketing year. That compares to last year’s 60 MMT stockpile program. Analysts further suggest the move to stockpile will likely continue to slow the GMO corn import approval process.

Posted in Agriculture News | Also tagged , , | Comments closed

RAIL UPDATE

Traders say railway delays continue to plague Canadian grain industry despite 20% smaller production numbers than last year. Meanwhile, CN Railway is blaming missing grain shipment quotas on farmers not selling enough grain to elevators.

Posted in Agriculture News | Also tagged , | Comments closed

RAIL UPDATE

While BNSF railroad faces pressure by Congress for slow movement of 2013 grain out of northern Cornbelt states, the Canadian government is imposing a $100,000 weekly fine on the Canadian National railway for not moving a minimum of 5,000 railcars of grain per week as mandated last November.

Posted in Agriculture News | Also tagged , | Comments closed

RAIL SITUATION

Agriculture Secretary Tom Vilsack updated President Obama Monday on some issues, including concerns about lack of rail capacity to haul grain in light of record crops expected this fall.

Posted in Agriculture News | Also tagged , | Comments closed