CWT accepted four requests for export assistance from Foremost Farms and Land O’Lakes to sell 683,000 lb. of Cheddar cheese to customers in Central America and the Middle East.
Food prices will rise not only from higher prices paid at the farm level for food grains and livestock, but also recent increases in energy costs.
USDA Secretary Tom Vilsack says calls for eliminating ethanol subsidies should be ignored as we need energy independence and jobs.
With planting season right around the corner, the acreage battle is heating up. “It’s going to boil down to weather again,” says Jerry Gulke, president of Gulke Group.
Corn open interest climbed to another record high as outside money continues to flow into the most solid of grain markets.
It was a wild week at the CBOT this week.
With corn production down and corn consumption up, the market is poised to see record-high prices per bushel in the 2010-11 marketing year.