No one has been hurt as most employees at the facility have already finished work and left for home, newspaper 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.
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.
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.
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.
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.
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.
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.
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.
“AFIA believes the clarification we are requesting is warranted because the statutory definition of ‘food additive’ in the Food, Drug and Cosmetic Act apply with equal force to food for human consumption and consumption of food by animals other than man,” said Leah Wilkinson, AFIA director of ingredients, pet food and state affairs. “At the very least, we would like a letter from FDA to be placed in the rulemaking docket addressing the clarification.”
Eischens has served on the CHS board for 23 years, and in that time has become a highly respected leader, both in the boardroom and in the countryside. A corn and soybean farmer from near Minneota, Minn., he also serves on the board of Farmers Co-op Association in nearby Canby, Minn., and has chaired that board for eight years.