Latest FAPRI Commodity Price Report

John Davis Agribusiness, Corn, Cotton, Grains, Soybean, Swine

The prices for grains, oilseeds, cotton, milk and hogs are down sharply from record levels set in recent years. An update to the Food and Agricultural Policy Research Institute’s (FAPRI) long-term baseline report says no quick price recovery is expected. Given all of the assumptions of the analysis, here are a few highlights of the results: · Projected corn prices …

Agribusiness, Corn, Cotton, Grains, Soybean, Swine

Grains Council Chair Stresses Excellence in Exports

Cindy Zimmerman ACE, Audio, Corn, Ethanol, Exports, Feed, Grains, USGC

Nebraska farmer Alan Tiemann was recently elected chairman of the U.S. Grains Council and he is excited about the work they are doing to expand exports of ethanol and the co-product Distiller’s dried grains with solubles (DDGS) used for livestock feed. “For this coming year, my theme is ‘Excellence in Exports,’” said Tiemann during an interview after his address to …

ACE, Audio, Corn, Ethanol, Exports, Feed, Grains, USGC

Tiemann Elected Chairman of U.S. Grains Council

John Davis Ag Group, Grains, USGC

A Nebraska corn farmer and state Corn Board member is the new chairman of the U.S. Grains Council (USGC). Alan Tiemann from Seward, Nebraska, was elected at the organization’s 55th annual board of delegates meeting in Montreal, Canada, after serving as USGC vice-chairman over the previous year. “I have enjoyed addressing issues and helping open markets for the Grains Council …

Ag Group, Grains, USGC

Corn Growers in Cuba

Cindy Zimmerman Audio, Corn, Grains, International, NCGA, Trade, USGC

Nine farmer leaders and staff members from the National Corn Growers Association, the U.S. Grains Council and the North Dakota Barley Council traveled to Cuba last week to see first-hand opportunities for expanding U.S. coarse grain exports if trade is fully normalized with the island nation. The mission was part of an ongoing effort by the grains industry to assess …

Audio, Corn, Grains, International, NCGA, Trade, USGC

Senate Ag Grain Standards Act Hearing

Cindy Zimmerman ASA, Government, Grains, Soybean

The Senate Committee on Agriculture, Nutrition and Forestry held a hearing Tuesday to review the U.S. Grain Standards Act, which has provisions that expire this year. The act authorizes USDA’s Federal Grain Inspection Service to establish marketing standards for a variety of grains and oilseeds and was last reauthorized in 2005. “Predictability and transparency are key to maintaining a global …

ASA, Government, Grains, Soybean

Propane Grain Dryers Increase Efficiency

Cindy Zimmerman Audio, Commodity Classic, Energy, Grains, PERC, Propane

Farmers at Commodity Classic were showing increased interest in upgrading their grain dryers to high efficiency propane units. Cinch Munson with the Propane Education and Research Council (PERC) says their research shows that a new propane grain dryer can result in 50% efficiency savings. “PERC has worked with a number of grain dryers manufacturers over the past few years to …

Audio, Commodity Classic, Energy, Grains, PERC, Propane

The Andersons Grain Group President to Retire

Cindy Zimmerman Agribusiness, Ethanol, Grains

The Andersons, Inc. Grain Group President Denny Addis has announced plans to retire in May. According to the company, Ethanol Group president Neill C. McKinstray will assume leadership over both groups at that time. “Denny has a stellar 43-year record with The Andersons and during his tenure has exhibited faithful service and exceptional leadership,” says Hal Reed, Chief Operating Officer. …

Agribusiness, Ethanol, Grains

USDA Forecasts More Corn and Soybeans

Cindy Zimmerman Corn, Grains, MGEX, Soybean, USDA

The harvest may be running a little slow right now, but USDA expects a bit more corn and beans in the bins than they did a month ago, adding to the already record forecasts. Corn production is now forecast at 14.5 billion bushels, up almost one percent from the previous forecast and four percent more than last year. Corn yields …

Corn, Grains, MGEX, Soybean, USDA

Grains Council Helping Exports Rebound

Cindy Zimmerman Audio, Corn, Exports, Grains, USGC

With a record corn crop being harvested, exports are more important than ever. The United States exported more than 11 percent of the U.S. corn supply to over 100 countries in the 2013/2014 marketing year, which U.S. Grains Council president and CEO Tom Sleight says is a nice recovery from lost market share after the drought of 2012. “Now it’s …

Audio, Corn, Exports, Grains, USGC