Search - AgWeb

From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Friday, May 21.

As commodity prices screamed higher, the cost of doing business is increasing for grain elevators also was on the rise. And market analysts say if commodity prices rally again, it could come at a cost to farmers.

The U.S. Agriculture Department said on Friday it will start erasing an estimated $4 billion dollars in debt to minority farmers in June, as it seeks to address racial discrimination.

The undertaking is so big that the agency employs two different surveys.

Gated tile systems can help deal with troublesome issues.

One of the companies looking into carbon capture and storage commercially is ADM. The company is announcing a milestone in a first-of-its kind project.

USDA’s is giving more insight into climate initiatives and how ag could play a part. The agency issued a 90-day progress report on what it calls climate-smart agriculture and forestry.

For the week of May 17, corn was higher and soybeans were down hard along with wheat, meal, canola and soy oil. There has been good opportunities to sell cash and avoid the futures exposure.

China’s appetite for new crop corn is now sitting in uncharted waters. China has committed to purchasing 321.2 million bushels, or 8.15 million metric tons, since May 10, and analysts say there are two main drivers.

From a weakening basis to concerns about falling demand, soybean prices slipped on Friday, hitting a one-month low. AgriTalk’s Chip Flory digests the slipping soybean prices and what it means for the week ahead.