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Top Story: Page 51
Business & Markets
July 4th cookout costs reach record highs
Families will spend $71.22 for a 4th of July cookout for 10, a 5% increase from last year.
Brand Insights
Thermal Performance and Gearbox Selection for Grain Handling Applications
SEW-EURODRIVE, Inc.
SEW-EURODRIVE’s Austin Burdette discusses heat challenges in grain handling gearboxes and how proper thermal management can reduce downtime and extend equipment life.
Transportation
Flooding collapses key railroad bridge on Iowa-South Dakota border
The incident has led to rerouting of all trains via Creston, Iowa.
Commodities
USDA reports slight decline in US cattle on feed
May placements rose by 4% to 2.05 million head, with significant figures across various weight categories.
Grain Trade & Export
Surge in wheat and soybean exports, drop in corn sales to Asia
Soybean export sales rise, primarily driven by demand from China and Egypt.
Grain Supply Chain
Drought relief in Florida but worsening in the Eastern US
Most of the country anticipates above-normal temperatures, exacerbating dry spells in several areas.
Grain Handling & Processing
COFCO and GROWMARK finalize strategic facility exchange
COFCO will take full ownership of the Cahokia, Illinois, transloading facility, while GROWMARK acquires a stake in the a Chicago grain warehouse.
Grain Elevators
Creston’s historic white grain elevator to be deconstructed
Salvage efforts will focus on reusing valuable materials for community projects, ensuring that the historical essence of the site is preserved.
Association News
United Soybean Board unveils new leadership team
This strategic move is designed to maximize the impact and ROI of USB's investments in research, education and promotion.
Commodities
Industry responds to Brazil upholding 18% tariff on US ethanol
Industry groups have expressed disappointment, citing the tariff's burden on Brazilian consumers and the lack of reciprocal market access.
Business & Markets
Livestock, Dairy and Poultry Outlook highlights market trends
Amidst inflationary pressures, varied price trends have emerged, notably with a sharp decrease in egg prices due to Avian Influenza impacts.
Grain Trade & Export
USDA lowers global coarse grains production forecast
This adjustment is mainly due to reduced global barley output, which somewhat overshadows an increase in corn production.
Commodities
US soybean ending stocks projected higher for MY 2024/25
Despite a boost in U.S. soybean meal exports, domestic meal demand has weakened, impacting overall projections.
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