As water becomes scarcer, the ability of Western states’ water policies to accurately reflect public interest, or adapt to changing public interests, will be tested. The current demand for water to support the oil and gas boom provides an example of this challenge.
The profitability of agriculture the past decade has helped mitigate the nonfarm real estate losses for banks lending to agriculture. However, the increase in regulatory compliance costs impacts the profitability of banks
Since the magnitude of both the domestic crush and exports during the previous quarter are mostly known, the stocks estimate is expected to reveal the smallest June 1 inventory in 37 years. However, there is always room for some surprise in the June 1 stocks estimate as the magnitude of seed and residual use in the previous quarter is revealed. In addition, the unknown magnitude of imports during May will be reflected in the stocks estimate.
The USDA will release its quarterly Grain Stocks and Acreage reports on June 30. These reports provide important fundamental information that will set the tone for the corn market going into the critical stage of the growing season
In 2011, A co-op in Sidney, NE, discovered chunks of concrete within one bin of their eight-bin grain silo structure. Upon further investigation, they found a large crack and concrete spalls in the silo wall where the subject bin is connected to an adjacent bin.
While there are obvious limitations to the explanatory power of a single price factor in a market in which price is determined by the dynamics of a number of supply and demand factors, the corn market clearly reacts to the USDA forecast of marketing year ending stocks contained in monthly WASDE reports.