"In our travels, we are constantly shown poor quality corn from competitor countries. Price is important, but price is not the only thing. When there is a quality issue with corn from India or Thailand or Ukraine, or a delivery issue due to logistical problems in Argentina or Brazil, the corn quality reports give us good, hard data, not just anecdotes, to market U.S. quality and reliability," Cordero said.
[Read More]Port Metro Vancouver is very pleased with the conclusion of a free trade agreement between Canada and South Korea," said Robin Silvester, President and CEO of Port Metro Vancouver. "This is an important step forward in the growing trade relationship between our two countries. South Korea is our port's third-largest trading partner in Asia, with trade through Vancouver of more than 200,000 containers/year including commodities like grain from the Prairies and natural resources from British Columbia."
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No one has been hurt as most employees at the facility have already finished work and left for home, The St Paul Pioneer Press said on its website. It quoted the ethanol plant's general manager Anthony Hicks as saying that it is too early to assess the damage, but it is significant.
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Alltech’s first annual Farm Innovation Series from March 7- 21 is expected to draw more than 1,000 attendees. The 2014 program, “What If?” features seven presentations highlighting the latest developments in crop science, ration balancing, the 2013 harvest analysis, finance and future growth, animal environment and husbandry, agricultural machinery and on-farm support services for improving cow comfort, milk production and parlor efficiency.
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Boerm joined ADM in 1991 and has served in a variety of merchandising and management positions. Prior to his current role, he was ADM’s vice president, Grain. Previous to that, he served as advisor, Office of the Chairman. He also served as the vice president and general manager of Eastern Grain and Corn Processing Origination and as a senior merchandising manager for Corn Processing. Boerm received a bachelor’s degree in finance from Wartburg College in Waverly, Iowa, and a master’s degree in business administration from Nova Southeastern University in Ft. Lauderdale, Fla.
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One highlight this year will be DuPont™ Danisco® Pet Conditioners, which are specialty ingredients that can be used in a wide variety of formulas and raw materials to improve extrusion efficiency, lower energy cost and increase throughput. Pet food product samples in the booth will demonstrate the DuPont difference.
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The exchange has received approval to list its first commodity products, and as previously announced plans to launch a full suite of FX futures products on the same date, subject to final regulatory approval of certain operational clearing conditions. The initial commodity products to be listed on the exchange include biodiesel, which have previously been cleared as swaps on CME Clearing Europe.
[Read More]While it has become difficult to anticipate the quarterly stocks estimate, it is useful to calculate the magnitude of stocks that might be considered neutral for corn prices. A large deviation from that calculation, then, would be expected to trigger a price response.
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Grain elevators are jammed and individual farmers' bins are full. Forty-three ships heading for export markets are sitting empty at West Coast ports waiting for the grain to arrive.The railways say the extended, bitterly cold winter has forced them to slow operations, running short railcars just to keep goods moving.
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The agency has been steadily cutting down its estimates of the use ratio over the past few months, as December 2013 was at 13.7% and January 2014 was projected at 12.4%. A lower usage ratio typically results in the increased potential for price hikes for corn.
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