MGEX recorded its highest calendar year volume in 2017 at 2,803,549 contracts. This number broke the previous record set in 2015. In addition, MGEX options volume for 2017 nearly doubled the preceding record of 61,226 contracts set in 2002. The Exchange also set a new annual electronic volume record with numbers 22 percent higher than the previous one. The best …
FarmLead Launches GrainCents Advisory Service
A new subscription service from FarmLead has been launched that can provides specific recommendations to farmers on when to sell, hold and/or hedge in various market conditions to improve balance sheets, operations, and grain marketing schedules. The new service called GrainCents also educates farmers by providing expert insights on global market conditions and how they impact farm operations for specific …
FarmLead Adds Price Discovery to Online Grain Marketplace
Online grain marketplace FarmLead has announced the launch of its newest feature, Price Discovery, which provides a comprehensive view of historical and future grain price trends specific to the user’s geography, helping farmers make better decisions when selling their grain. “This isn’t just a simple price transparency tool. It is a price education tool,” says FarmLead CEO and President Brennan …
Missouri Rice Council Hosts Field Day
The Missouri Rice Council hosted their annual Rice Field Day August 24, at the Rice Research Farm in Campbell, Missouri. Research personnel from Southeast Missouri State University (SEMO) and the University of Missouri Fisher Delta Research Center were on hand to provide area farmers a chance to see and learn about recent developments in rice research and other agricultural related …
Nebraska Proudly Hosts #USSoyExchange
To kick off the 2017 U.S. Soy Global Trade Exchange, Nebraska Lieutenant Governor Mike Foley provided opening remarks to the international and domestic soybean audience. I was able to speak with the Lt. Governor who shared how proud the state is of its agricultural industry. He said, “It’s really the backbone of our economy. We like to grow things.” “It’s …
A Growing North Asia U.S. Soy Market
To kick off the 2017 U.S. Soy GLobal Trade Exchange eleven Chinese purchasing agreements were signed with five U.S. soybean exporters for 3.8 MMT valued at $1.561 billion. The U.S. Soybean Export Council (USSEC) and Midwest Shippers Association serve as hosts for the conference where over 250 international buyers representing over 55 countries attend. “These companies are very loyal buyers …
Market Outlook from Farm and Gin Show
Richard Brock of Brock Associates spoke to attendees of the Mid-South Farm and Gin Show about commodity prices and why they are shaping up in a way most didn’t expect. “You’ve got two crops to harvest every year- one is the one you grow and one is the speculator. I think the speculator is going to allows us an opportunity …
AgCompass Points to Improved Efficiency
With commodity prices falling, already tight operating margins may become even tighter, increasing the need for farm partners to keep an eye on their operating expenses. One solution that many producers have turned to is remote hosting of their software so all the farm partners can be on the same page when making critical business decisions. AgCompass provides reliable U.S.-based …
Egg, Dairy & Chicken Prices Down, Beef Too
The American Farm Bureau Federation’s (AFBF) Fall Harvest Marketbasket Survey indicates lower retail prices for several foods, including eggs, whole milk, cheddar cheese, chicken breast, sirloin tip roast and ground chuck. The informal survey shows the total cost of 16 food items that can be used to prepare one or more meals was $49.70, down $4.40 or 8 percent compared …
Putting a Face on the American Soybean Farmer
Missouri soybean grower, Todd Gibson, has worn many leadership hats throughout the soy community at the state and national levels. His farm is located just east of Kansas City in the heart of Midwestern crop country. He was just elected to the U.S. Soybean Export Council (USSEC) board and shared more about his commitment to the industry during the 2016 …