AGCO has announced plans to sell most of its Grain & Protein business to American Industrial Partners for $700 million. AGCO president and CEO Eric Hansotia says the deal allows the company to streamline its business and focus on AGCO’s portfolio of precision ag technology products and ag machinery. Earlier...
Temperatures will be heating up in the Corn Belt heading into August and affecting some of the crops, but ag meteorologist Drew Lerner says “it’s going to be really hard to pull yields down nationwide to the point where we have a raging bull (grain) market or anything like that.”...
Sep. corn closed at $3.94 and 1/2, down 11 and 1/2 centsAug. soybeans closed at $10.77 and 1/2, down 38 and 1/2 centsAug. soybean meal closed at $353.30, up 90 centsAug. soybean oil closed at 43.66, down 215 pointsSep. wheat closed at $5.23 and 1/2, down 14 and 1/4 centsAug....
A commodity broker says some farmers are waiting for demand to pick up before they market their grain. Tommy Grisafi with Advanced Trading says he expects some more grower decisions to be made soon. “We can’t force the farmer to sell,” he said. “There’s a lot of farmers holding grain...
This morning, I appeared on AgWeb's Markets Now with Michelle Rook. Our conversation covered soybean, corn, and wheat markets, as well as the impact of interest rates and gold prices.
There is a growing interest in mixed flow dryers as farmers continue to navigate narrow farm margins. In this Managing for Profit, Jeff Cruzen, AGI dryer business development representative says there’s way to make energy efficient mixed flow grain dryers even more eco-friendly. The post Increasing Efficiency for Mixed Flow...
A northwest Minnesota farmer says the growing season has slowed after a fast start. Austen Germolus of Ada tells Brownfield small grain planting began in mid-April. “Which (is) the earliest start for us in a number of years, so the wheat crop got off to a pretty good start. Beans...
Grain marketing opportunities seem few and far between for many farmers. South Central College farm business management instructor Christina McVicker says the biggest question she’s getting from corn and soybean growers is ‘When should we be marketing our grain?” She tells Brownfield there’s a lot of old-crop in storage as...
Corn futures started off the week in rally mode, as contracts closed with 9 to 11 cent gains across the front months on Monday. A drier forecast across much of the Corn Belt as we get into full pollination mode and into grain fill, supported the market. This afternoon’s Crop...