SHP Demo Farmers Utilizing AgSolver Technology

Taylor Truckey

AgSolver had demo farmers and partner companies excited at the Soil Health Summit last week as they plan on rolling out access to their Profit Zone Manager to the demo farmers this year. Dave Muth, co-founder of AgSolver, spoke with AgWired about what they do and how that will impact the SHP. “The Soil Health Partnership is certainly working on …

Agribusiness, Markets, Soil, Soil Health Partnership, Sustainability

MGEX Boasts Record Year

Joanna Schroeder

MGEX has concluded its best year with new annual highs in both total volume and electronic volume. Total volume finished the year with 2,315,186 contracts traded, surpassing the previous record set in 2014 by six percent. During the year, MGEX reported five separate months of volume greater than 200,000, doing so for the first time in Exchange history. Of the …

Markets, MGEX

#ASTACSS Economic Outlook from Dan Basse

Cindy Zimmerman

Back by popular demand for the fifth year, AgResource Company president Dan Basse presented his economic outlook for agriculture at the opening general session of the ASTA CSS 2015 and Seed Expo on Tuesday. In his fact-filled 90 minute presentation, Basse talked about a “world awash in grain” with record global wheat and soybean crops and second largest corn crop. …

ASTA, Audio, Markets, Seed

November Best Month Ever for MGEX

Cindy Zimmerman

November 2015 was the biggest volume month in history for MGEX, with a total volume of 272,202. This surpassed the previous record set in August by more than 6,000 and is a 39 percent increase from November 2014. This marks the fifth time this year MGEX has reported a monthly volume greater than 200,000, doing so for the first time …

Markets, MGEX

USDA Looks to Expand Export Markets with MAP

John Davis

The U.S. Department of Agriculture (USDA) has handed out the fiscal year 2016 award funds for its program for commerical export markets for U.S. goods. This agency news release says the Market Access Program (MAP) will provide more than $170 million that focuses on consumer promotion, including brand promotion for small companies and cooperatives, and is used extensively by organizations …

Agribusiness, International, Markets, USDA

Online Radio Station Available from Farm Journal

Kelly Marshall

You can now listen around the clock to the news, talk, and country music of Farm Journal Media’s new online radio station.  “The Farm” station is available via a mobile radio app created just for farmers. “We’re in a world of niche and branded channels, so we asked ourselves why not give farmers a station built just for them?” said …

Apps, Markets, Podcasts, Website

Agri-Pulse Open Mic with Phillip Seng

Leah Guffey

Agri-Pulse interviewed Philip Seng, President and CEO USMEF on Open Mic this week: International trade can be a “gold mine” for beef and pork producers as well as the grain growers they rely on for feed. However, U.S. red meat exports are challenged from lower domestic production and the rising value of the U.S. dollar. In this week’s Open Mic …

Agri-Pulse, Audio, Exports, Food, Markets, Meat

MGEX Sets New Records

Cindy Zimmerman

2014 was a record year for the Minneapolis Grain Exchange (MGEX) in total volume of trading at 2,177,740. It marks the first time in history that the Exchange’s volume has surpassed 2 million in a calendar year. Electronic volume during 2014 was 1,856,423, which is also an all-time high for the Exchange. Total volume from 2014 was 47 percent higher …

Markets, MGEX

GROWMARK Report Studies Stocks-to-Use

Cindy Zimmerman

A new report from GROWMARK Research challenges the commonly accepted notion that ending stocks are a primary determinant of agricultural commodity prices. In the report, GROWMARK economic and market research manager Kel Kelly shows that stocks are inversely correlated with prices, but that the correlation occurs within a limited price range, meaning that stocks do not dictate the extent of …

Audio, Grains, GROWMARK, Markets