Public Affairs
Late last night the House Agriculture Committee completed work on their version of the Farm Bill passing HR 1947, the Federal Agriculture Reform and Risk Management Act (FARRM) by a vote of 36-10.  The House action follows passage of S 954, the...

“The Senate Agriculture Committee today put the farm bill on a solid road toward success. By following a bipartisan path and approving its farm bill legislation, the committee moved the farm bill forward with provisions that work well for...

“The Agriculture Department’s announcement that it will require full environmental impact statements for new corn, soybean and cotton crops developed through biotechnology to be herbicide-resistant is troubling.” “Most disturbing is that...

Market Updates
  • Market Closes – May 17, 2013
    The concern over old-crop supplies of corn and soybeans in the U.S. drove market action today as active bull-spreading (buy nearby/sell deferred contracts) resulted in sharp gains for July futures. However, wheat futures have disconnected from the...

  • Market Update – May 17, 2013
    CBOT futures are trading little changed beyond the July Corn and Soybean contracts.   Old-crop corn, soybean and soybean meal futures continue to gain on the new-crop contracts due to tight supply conditions. Chicago and KC wheat futures are lower...

  • Market Closes – May 16, 2013
      Corn futures closed lower on weak export sales and rapid planting progress this week (although arriving rain will take many out of the field).  Corn was also weighed on by another day of losses in the CBOT Wheat pit.  Given a lack of...