A tentative deal was struck over the weekend to reopen the St. Lawrence Seaway. This comes after the Canadian federal government instructed the St. Lawrence Seaway Management Corporation and the striking employees to work out their wage dispute differences. The shutdown impacted all grain traffic along the waterway, which moves more than 6 million tons of cargo each year.
While extenuating circumstances are stagnating grain yields across the globe, ag economists see renewable diesel as a major driver of agricultural demand in the coming year.
Record-low water levels are popping up along the Mighty Mississippi.
The failure of a grain elevator can cause large problems for farmers and for the local community it serves. A farmer who knows their rights and where they stand if an elevator fails can be in a better position than those farmers who aren’t as well informed. That is the topic of today’s blog post by RFD-TV Legal Contributor Roger A. McEowen.
A recent news story involving a group of farmers in Mississippi reveals the potential downside of selling grain under a deferred payment contract. The risk of deferred payment ag commodity sales and what can be done for protection—that is the topic of today’s blog post.
Local prices in Missouri are holding steady, but experts warn of looming harvest uncertainties to come for grain producers along the major waterway as well as corn and soybean growers.
Weather’s Impact on Crop Yields Sparks Market Speculation Ahead of WASDE Report
The agricultural world is eagerly anticipating the U.S. Dept. of Agriculture’s (USDA) September Crop Production Forecast, which is set to be released next week and will be full of key harvesting insights gleaned from farmers across America.
It’s been two weeks since Russia backed out of the Black Sea Grain Deal, stopping any grain movement out of ports there. Ukrainian officials are now warning that civilian vessels could be in danger.
Just last week, anhydrous was down six percent, and experts say farmers are looking to lock in an attractive deal on fertilizer before fall.
Senator Chuck Grassley (R-IA) says the United States should send Navy ships to the Black Sea to help ensure Ukrainian grain ships get through.