Researchers at the University of Nebraska Lincoln are looking to bolster grain bins across the state to withstand earthquakes and windstorms.
Inspired by Iowa’s 2020 derecho that caused an estimated $11 billion in damages, Dr. Christine Wittich and her team hope their research on seismic shake tables leads to better construction standards for bins.
Grain bins are a key piece of infrastructure in Rural America...with an estimated 750,000 located across the country. The loss of a single grain bin can cost up to $250,000, and damages to them are typically not covered by crop insurance policies.
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USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
