Merchandising soybeans has been a tough challenge everywhere for the last three years. Futures have seldom showed more than a token carry — and often had steep inverses. Yet elevators can’t ship as much at harvest (or soon after) as they buy.
On March 7, the NOAA’s National Weather Service reported “above normal” to “much above normal” spring flood risk throughout northwest Illinois along the Rock and Pecatonica Rivers. The risk is also above normal along the Mississippi River from Dubuque, IA, downstream to Burlington, IA, as well as in Minnesota’s Red River Valley.
You won’t find more energy, education and equipment anywhere than at GEAPS Exchange 2014, set for Feb. 22 to 25 in Omaha, NE. I have attended Exchange throughout my many years as a GEAPS member and I can tell you it is an extremely worthwhile event that energizes me and helps me stay on top of industry issues. It also provides a great opportunity to reconnect with old friends and make new ones.
The feed manufacturing business has become increasingly challenging as manufacturers are squeezed between the volatility of the grain commodities market and the relative inflexibility of international food pricing. Feed manufacturers are under increased pressure to produce consistently high-quality feed at a cost that allows them to remain solvent in the face of increased ingredient prices.
On Nov. 15 2013, the Environmental Protection Agency shocked many when it acknowledged the “blend wall” that petroleum groups had been claiming for years, was, in fact, a reality that needed to be addressed immediately.
Edison had numerous techniques which he employed to enhance, improve and boost his productivity. We have selected and paraphrased several on the following pages. (Thoughts on Edison’s creative techniques were gathered from Wily Walnut, a website whose motto is “Meet the Genius in Your Brain”; see http://wilywalnut.com.
It is estimated that more than 750,000 steel grain bins have been built in the United States in the past 75 years. It is anyone’s guess how many of these are still in use. In recent years, the industry has erected between 10,000 to 16,000 steel bins a year.
A 280,000-cubic-foot protein powder grinding, drying and packaging facility had a Salmonella spp. contamination of some of the equipment. The facility was nearly impossible to decontaminate using conventional methods, not only because it was a large facility, but also because of its height. It was 90 feet tall with three floors in need of decontamination (the second through fourth floors).
March 1 stocks of corn were estimated at 7.006 billion bushels, about 100 million less than the average trade guess. The stocks estimate implies that feed and residual use of corn in the domestic market during the first half of the current marketing year totaled 3.851 billion bushels.