GRAINNET News and Information for the Grain, Milling, Feed, Seed and BioFuels Industries http://www.grainnet.com IA Farmers See 44% of State Abnormally Dry or Worse Due to Drought Fri, 24 Jun 2016 11:45:41 EDT http://www.grainnet.com/articles/IA_Farmers_See_44__of_State_Abnormally_Dry_or_Worse_Due_to_Drought-159709.html http://www.grainnet.com/articles/IA_Farmers_See_44__of_State_Abnormally_Dry_or_Worse_Due_to_Drought-159709.html GrainsConnect Canada to Build New Grain Terminal Near Maymont, Saskatchewan Fri, 24 Jun 2016 10:57:14 EDT http://www.grainnet.com/articles/GrainsConnect_Canada_to_Build_New_Grain_Terminal_Near_Maymont__Saskatchewan-159703.html http://www.grainnet.com/articles/GrainsConnect_Canada_to_Build_New_Grain_Terminal_Near_Maymont__Saskatchewan-159703.html Cargill Rejects Bids to Purchase Raymore, SK Grain Elevator; Demolition to Proceed Fri, 24 Jun 2016 09:15:08 EDT http://www.grainnet.com/articles/Cargill_Rejects_Bids_to_Purchase_Raymore__SK_Grain_Elevator__Demolition_to_Proceed-159696.html http://www.grainnet.com/articles/Cargill_Rejects_Bids_to_Purchase_Raymore__SK_Grain_Elevator__Demolition_to_Proceed-159696.html NGFA Signs Letter Promoting Increased Market Access For U.S. Food and Agriculture Goods in EU Fri, 24 Jun 2016 09:12:28 EDT http://www.grainnet.com/articles/NGFA_Signs_Letter_Promoting_Increased_Market_Access_For_U_S__Food_and_Agriculture_Goods_in_EU-159695.html http://www.grainnet.com/articles/NGFA_Signs_Letter_Promoting_Increased_Market_Access_For_U_S__Food_and_Agriculture_Goods_in_EU-159695.html Panama Canal Authority Conducts Successful Trial Transit Through Expandad Canal Fri, 24 Jun 2016 08:48:21 EDT http://www.grainnet.com/articles/Panama_Canal_Authority_Conducts_Successful_Trial_Transit_Through_Expandad_Canal-159689.html http://www.grainnet.com/articles/Panama_Canal_Authority_Conducts_Successful_Trial_Transit_Through_Expandad_Canal-159689.html This article is reprinted from the USDA's June 23 Grain Transportation Report. On Monday, June 20, the Panama Canal Authority conducted another successful trial transit through the Expanded Canal. The transiting vessel, Oceanus, a U.S.-built crane ship, was maneuvered through the Pacific-facing Cocoli Locks by Pilots Fernando Jaén and Ricardo Varela. The first commercial transit through the Canal by China Ocean Shipping Company will take place on the inauguration day, Sunday, June 26. The Expanded Canal will double the waterway’s cargo capacity, improving the Canal’s efficiency, reliability, and customer service. The expanded waterway will provide greater economies of scale to global Total Grain Inspections Down 5% From Week Ending June 9; Up 30% From 2015 Fri, 24 Jun 2016 08:46:04 EDT http://www.grainnet.com/articles/Total_Grain_Inspections_Down_5__From_Week_Ending_June_9__Up_30__From_2015-159690.html http://www.grainnet.com/articles/Total_Grain_Inspections_Down_5__From_Week_Ending_June_9__Up_30__From_2015-159690.html This article is reprinted from the USDA's June 23 Grain Transportation Report. For the week ending June 16, total inspections of grain (corn, wheat, soybeans) for export reached 2.15 million metric tons (mmt), down 5 percent from the past week, up 30 percent from last year, and 53 percent above the 3-year average. Despite the drop in total grain inspections, Pacific Northwest (PNW) grain inspections increased 10 percent from the previous week, and Texas Gulf inspections jumped 33 percent. Rail deliveries of grain to the PNW and Texas Gulf ports were also up from last week. Grain inspections in the Mississippi Barge Rate Reach Highest Levels Since November 2015 Fri, 24 Jun 2016 08:36:43 EDT http://www.grainnet.com/articles/Barge_Rate_Reach_Highest_Levels_Since_November_2015-159691.html http://www.grainnet.com/articles/Barge_Rate_Reach_Highest_Levels_Since_November_2015-159691.html This article is reprinted from the USDA's June 23 Grain Transportation Report. Current grain barge rates have increased to the highest levels since November 2015, based on increased demand from higher shipments. As of June 21, St. Louis to New Orleans grain barge rates were 300 percent of tariff ($11.97 per ton), a 40 percent increase compared to last week, and 18 percent above the 5-year average. Rates at other major barge origins had 25 to 51 percent weekly increases and were 10 to 27 percent above the 3-year average. The largest weekly increase for export-barged grain was at origins on the Grain Transportation Overview By Sector: 6/23/16 Fri, 24 Jun 2016 08:27:46 EDT http://www.grainnet.com/articles/Grain_Transportation_Overview_By_Sector__6_23_16-159692.html http://www.grainnet.com/articles/Grain_Transportation_Overview_By_Sector__6_23_16-159692.html This article is reprinted from the USDA's June 23 Grain Transportation Report. Export Sales During the week ending June 9, unshipped balances of wheat, corn, and soybeans totaled 26.2 mmt, up 42 percent from the same time last year. Net weekly wheat export sales began the new marketing year at .763 mmt, up notably from the previous week. Net corn export sales were .910 mmt, down 39 percent from the previous week, and net soybean export sales were .817 mmt, up 8 percent from the past week. Rail U.S. Class I railroads originated 20,300 grain carloads for the week ending June 11, up 9 percent Importance of Trucking to Agriculture and Grain Industry Fri, 24 Jun 2016 08:24:48 EDT http://www.grainnet.com/articles/Importance_of_Trucking_to_Agriculture_and_Grain_Industry-159693.html http://www.grainnet.com/articles/Importance_of_Trucking_to_Agriculture_and_Grain_Industry-159693.html This article is reprinted from the USDA's June 23 Grain Transportation Report. Multimodal transportation facilitates agricultural development, allowing production to be specialized, rural communities to develop, and local, regional, and national economies to grow. Farm to market trucking was the first mode of freight transportation widely available in the Nation. It is easily obtained everywhere and offers flexible service. In this article, we examine the relationship between the trucking industry and agriculture, rural areas, and urban areas. The article also places special emphasis on the characteristics and importance of the trucking sector to agriculture and the grain industry. Importance of Trucking to Agriculture NGFA Urges Swift Approval of Roberts-Stabenow Agreement That Provides National Biotech Labeling Solution Thu, 23 Jun 2016 13:34:09 EDT http://www.grainnet.com/articles/NGFA_Urges_Swift_Approval_of_Roberts_Stabenow_Agreement_That_Provides_National_Biotech_Labeling_Solution-159683.html http://www.grainnet.com/articles/NGFA_Urges_Swift_Approval_of_Roberts_Stabenow_Agreement_That_Provides_National_Biotech_Labeling_Solution-159683.html Washington - June 23, 2016 - The National Grain and Feed Association (NGFA) today urged expeditious support for Senate Agriculture Committee Chairman Pat Roberts', R-Kan., and Ranking Member Debbie Stabenow's, D-Mich., bipartisan legislation that would federally preempt a potential patchwork of differing state laws regarding the labeling of human food and animal feed containing biotechnology-enhanced ingredients. The NGFA noted the urgency to pass this legislation is tantamount, as July 1 is the effective date of Vermont's mandatory law requiring on-package labels of foods containing ingredients that have been genetically modified. Congressional action is needed to avert major supply chain disruptions and Winter Wheat Crop Harvest Reaches Full Stride in Hays, KS Thu, 23 Jun 2016 11:29:43 EDT http://www.grainnet.com/articles/Winter_Wheat_Crop_Harvest_Reaches_Full_Stride_in_Hays__KS-159677.html http://www.grainnet.com/articles/Winter_Wheat_Crop_Harvest_Reaches_Full_Stride_in_Hays__KS-159677.html U.S. Drought Monitor: Drought Continues to Develop Across Midwest Despite Recent Rainfall Thu, 23 Jun 2016 11:20:52 EDT http://www.grainnet.com/articles/U_S__Drought_Monitor__Drought_Continues_to_Develop_Across_Midwest_Despite_Recent_Rainfall-159676.html http://www.grainnet.com/articles/U_S__Drought_Monitor__Drought_Continues_to_Develop_Across_Midwest_Despite_Recent_Rainfall-159676.html Heritage Cooperative, Inc. and Agland Co-op Inc. Begin Merger Negotiations Thu, 23 Jun 2016 10:39:27 EDT http://www.grainnet.com/articles/Heritage_Cooperative__Inc__and_Agland_Co_op_Inc__Begin_Merger_Negotiations-159674.html http://www.grainnet.com/articles/Heritage_Cooperative__Inc__and_Agland_Co_op_Inc__Begin_Merger_Negotiations-159674.html Heritage Cooperative, Inc. and Agland Co-op, Inc. are pleased to announce that they have entered into negotiations to consider a possible merger of the two cooperatives. The boards of directors of both cooperatives today entered into a letter of intent to work toward an agreement of merger. The boards of directors of both cooperatives believe a merger provides increased opportunities to diversify risks and expand member benefits. Heritage Cooperative, Inc. is a member-owned cooperative founded in 2009 by the consolidation of Champaign Landmark, Inc. of Urbana and The Farmers Commission Company of Upper Sandusky. Heritage serves the agricultural needs of farmers and Storm Blows Grain Bin Under Construction Off Concrete Foundation at Farmers Cooperative Elevator in Craig, IA Thu, 23 Jun 2016 10:33:32 EDT http://www.grainnet.com/articles/Storm_Blows_Grain_Bin_Under_Construction_Off_Concrete_Foundation_at_Farmers_Cooperative_Elevator_in_Craig__IA-159673.html http://www.grainnet.com/articles/Storm_Blows_Grain_Bin_Under_Construction_Off_Concrete_Foundation_at_Farmers_Cooperative_Elevator_in_Craig__IA-159673.html PBK Farms in Bladen, NE Continues Grain Storage Expansion Project to Meet Increased Capacity Needs Thu, 23 Jun 2016 10:23:47 EDT http://www.grainnet.com/articles/PBK_Farms_in_Bladen__NE_Continues_Grain_Storage_Expansion_Project_to_Meet_Increased_Capacity_Needs-159672.html http://www.grainnet.com/articles/PBK_Farms_in_Bladen__NE_Continues_Grain_Storage_Expansion_Project_to_Meet_Increased_Capacity_Needs-159672.html CHS Co-op Hopes For Relocation to Kalispell, MT in 2018 Thu, 23 Jun 2016 10:06:08 EDT http://www.grainnet.com/articles/CHS_Co_op_Hopes_For_Relocation_to_Kalispell__MT_in_2018-159671.html http://www.grainnet.com/articles/CHS_Co_op_Hopes_For_Relocation_to_Kalispell__MT_in_2018-159671.html Fire Destroys Equity Co-op Elevator in Sheyenne, ND; No Injuries Reported Thu, 23 Jun 2016 09:46:38 EDT http://www.grainnet.com/articles/Fire_Destroys_Equity_Co_op_Elevator_in_Sheyenne__ND__No_Injuries_Reported-159668.html http://www.grainnet.com/articles/Fire_Destroys_Equity_Co_op_Elevator_in_Sheyenne__ND__No_Injuries_Reported-159668.html Canadian Pacific Railway Decreases 2Q Profit Outlook Due to Low Freight Volumes Tue, 21 Jun 2016 15:08:26 EDT http://www.grainnet.com/articles/Canadian_Pacific_Railway_Decreases_2Q_Profit_Outlook_Due_to_Low_Freight_Volumes-159646.html http://www.grainnet.com/articles/Canadian_Pacific_Railway_Decreases_2Q_Profit_Outlook_Due_to_Low_Freight_Volumes-159646.html Brazil Exports Corn to U.S. Despite Shorage From Drought Conditions Tue, 21 Jun 2016 14:34:43 EDT http://www.grainnet.com/articles/Brazil_Exports_Corn_to_U_S__Despite_Shorage_From_Drought_Conditions-159644.html http://www.grainnet.com/articles/Brazil_Exports_Corn_to_U_S__Despite_Shorage_From_Drought_Conditions-159644.html Jack Snader, Former Executive Vice President of Seedburo Ag Equipment Company, Dies at 87 Tue, 21 Jun 2016 13:34:47 EDT http://www.grainnet.com/articles/Jack_Snader__Former_Executive_Vice_President_of_Seedburo_Ag_Equipment_Company__Dies_at_87-159640.html http://www.grainnet.com/articles/Jack_Snader__Former_Executive_Vice_President_of_Seedburo_Ag_Equipment_Company__Dies_at_87-159640.html Jack Thomas Snader, 87 of Pittsfield, IL, formerly of Naperville, IL passed away Tuesday, June 14, 2016 at Liberty Village in Pittsfield. Snader was born on October 27, 1928, a son of Harold and Mildred Funnel Snader. He married Jacqueline Jernberg on May 5, 1951 in Crystal Lake, IL and they had celebrated 65 years of marriage in May. Snader served in the Army National Guard from 1948-1952 as a radio operator. He grew up in Crystal Lake, IL, working in the area for 32 years. Jack was executive vice president of Seedburo Ag Equipment Company Chinese Sorghum Importers and Feed Millers Visit U.S. Tue, 21 Jun 2016 10:11:01 EDT http://www.grainnet.com/articles/Chinese_Sorghum_Importers_and_Feed_Millers_Visit_U_S_-159637.html http://www.grainnet.com/articles/Chinese_Sorghum_Importers_and_Feed_Millers_Visit_U_S_-159637.html USDA NASS Reports Forecasts SD Winter Wheat Crop to Increase 35% From 2015 Crop Tue, 21 Jun 2016 09:55:06 EDT http://www.grainnet.com/articles/USDA_NASS_Reports_Forecasts_SD_Winter_Wheat_Crop_to_Increase_35__From_2015_Crop-159635.html http://www.grainnet.com/articles/USDA_NASS_Reports_Forecasts_SD_Winter_Wheat_Crop_to_Increase_35__From_2015_Crop-159635.html American Soybean Association Sends Letter to European Commission Asking For Approval For Biotech Soybean Traits Tue, 21 Jun 2016 09:53:15 EDT http://www.grainnet.com/articles/American_Soybean_Association_Sends_Letter_to_European_Commission_Asking_For_Approval_For_Biotech_Soybean_Traits_-159634.html http://www.grainnet.com/articles/American_Soybean_Association_Sends_Letter_to_European_Commission_Asking_For_Approval_For_Biotech_Soybean_Traits_-159634.html Cuba Purchases U.S. Soy Oil For First Time Since 2011 Tue, 21 Jun 2016 09:46:56 EDT http://www.grainnet.com/articles/Cuba_Purchases_U_S__Soy_Oil_For_First_Time_Since_2011-159631.html http://www.grainnet.com/articles/Cuba_Purchases_U_S__Soy_Oil_For_First_Time_Since_2011-159631.html G3 Canada Holds Grand Openings For New Grain Elevators in Pasqua, SK and Glenlea, MB Tue, 21 Jun 2016 09:44:13 EDT http://www.grainnet.com/articles/G3_Canada_Holds_Grand_Openings_For_New_Grain_Elevators_in_Pasqua__SK_and_Glenlea__MB-159630.html http://www.grainnet.com/articles/G3_Canada_Holds_Grand_Openings_For_New_Grain_Elevators_in_Pasqua__SK_and_Glenlea__MB-159630.html