The Association of Equipment Manufacturers says 2016 is continuing last year’s trend of growth in tractors under 40HP. The report shows sales were up in February of this year 26.2 percent, compared to 2015. The year-to-date growth is 19.7 percent. 2WD tractors between 40 and 100 HP are also up this year over last, with a growth of 5.8 percent …
USB Educates Growers on Global Markets
The United Soybean Board (USB) invites soybean farmers with a desire to take a look at their customers beyond the elevator and to learn more about the soy checkoff’s role in marketing U.S. soy, to take part in their See for Yourself program. Tina Holst, Chilston, Wisconsin soybean farmer, took advantage of this opportunity last year and I caught up …
MGEX Sets New Open Interest Record
MGEX has set a record for its highest open interest total in its 135-year history. This news release from the trading organization said it closed the day Tuesday at 82,279. This breaks the previous record of 82,056 set on April 17, 2014. The Exchange has seen an increase in open interest each of the past seven days and has now …
SHP Demo Farmers Utilizing AgSolver Technology
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 …
MGEX Boasts Record Year
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 …
#ASTACSS Economic Outlook from Dan Basse
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. …
November Best Month Ever for MGEX
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 …
USDA Looks to Expand Export Markets with MAP
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 …
Online Radio Station Available from Farm Journal
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 …
Analyst Talks Risk at BASF #ScienceBehind15
As it does every year, the weather will play a major role in the price for corn and soybeans in the future. Market analyst Arlan Suderman of Water Street Solutions gave some of his thoughts on price points for the grains in the coming year during the BASF Science Behind media event last week in Phoenix. His models show favorable, …