GRAINNET News and Information for the Grain, Milling, Feed, Seed and BioFuels Industries http://www.grainnet.com U.S. Agricultural Delegation Visits Cuba, Urges U.S. Congress to Lift Trade Embargo (Reuters) Tue, 03 Mar 2015 10:17:40 EST http://www.grainnet.com/articles/U_S__Agricultural_Delegation_Visits_Cuba__Urges_U_S__Congress_to_Lift_Trade_Embargo__Reuters_-148056.html http://www.grainnet.com/articles/U_S__Agricultural_Delegation_Visits_Cuba__Urges_U_S__Congress_to_Lift_Trade_Embargo__Reuters_-148056.html Iowa Food Manufacture to Open First Tofu Factory in Des Moines, IA (USA Today) Tue, 03 Mar 2015 10:10:33 EST http://www.grainnet.com/articles/Iowa_Food_Manufacture_to_Open_First_Tofu_Factory_in_Des_Moines__IA__USA_Today_-148055.html http://www.grainnet.com/articles/Iowa_Food_Manufacture_to_Open_First_Tofu_Factory_in_Des_Moines__IA__USA_Today_-148055.html Australia Wheat Harvest to Increase Due to Expanded Acreage (Bloomberg) Tue, 03 Mar 2015 09:42:36 EST http://www.grainnet.com/articles/Australia_Wheat_Harvest_to_Increase_Due_to_Expanded_Acreage__Bloomberg_-148052.html http://www.grainnet.com/articles/Australia_Wheat_Harvest_to_Increase_Due_to_Expanded_Acreage__Bloomberg_-148052.html USDA Grain Crushings and Co-Products Production Report Tue, 03 Mar 2015 09:29:54 EST http://www.grainnet.com/articles/USDA_Grain_Crushings_and_Co_Products_Production_Report-148050.html http://www.grainnet.com/articles/USDA_Grain_Crushings_and_Co_Products_Production_Report-148050.html USDA Crop Condition Update: Texas Winter Wheat Conditions Improve Due to Increased Moisture (Farm Futures) Tue, 03 Mar 2015 09:28:06 EST http://www.grainnet.com/articles/USDA_Crop_Condition_Update__Texas_Winter_Wheat_Conditions_Improve_Due_to_Increased_Moisture__Farm_Futures_-148049.html http://www.grainnet.com/articles/USDA_Crop_Condition_Update__Texas_Winter_Wheat_Conditions_Improve_Due_to_Increased_Moisture__Farm_Futures_-148049.html Edeniq President Hopes to Boost Future of Advanced Biofuel Despite Industry Forecast (Business Journal Now) Tue, 03 Mar 2015 09:07:29 EST http://www.grainnet.com/articles/Edeniq_President_Hopes_to_Boost_Future_of_Advanced_Biofuel_Despite_Industry_Forecast__Business_Journal_Now_-148045.html http://www.grainnet.com/articles/Edeniq_President_Hopes_to_Boost_Future_of_Advanced_Biofuel_Despite_Industry_Forecast__Business_Journal_Now_-148045.html CME Group Reports Average 15.8 Million Contracts Per Day in Feb. 2015, Up 13% From Feb. 2014 Tue, 03 Mar 2015 08:36:58 EST http://www.grainnet.com/articles/CME_Group_Reports_Average_15_8_Million_Contracts_Per_Day_in_Feb__2015__Up_13__From_Feb__2014-148040.html http://www.grainnet.com/articles/CME_Group_Reports_Average_15_8_Million_Contracts_Per_Day_in_Feb__2015__Up_13__From_Feb__2014-148040.html Chicago, March 3, 2015 — CME Group, the world's leading and most diverse derivatives marketplace, today announced that February 2015 volume averaged 15.8 million contracts per day, up 13 percent from February 2014 and representing the all-time highest February average daily volume. Total volume for February 2015 was more than 300 million contracts, of which 87 percent was traded electronically. Options volume in February averaged 2.8 million contracts per day, up 14 percent versus February 2014, with electronic options growing 13 percent over the same period. CME Group interest rate volume averaged 8.7 million contracts per day in February Trupointe Cooperative and Cargill Sign Final Agreement For Joint Venture TruHorizons in IN (Hoosier Ag Today) Tue, 03 Mar 2015 08:22:15 EST http://www.grainnet.com/articles/Trupointe_Cooperative_and_Cargill_Sign_Final_Agreement_For_Joint_Venture_TruHorizons_in_IN__Hoosier_Ag_Today_-148041.html http://www.grainnet.com/articles/Trupointe_Cooperative_and_Cargill_Sign_Final_Agreement_For_Joint_Venture_TruHorizons_in_IN__Hoosier_Ag_Today_-148041.html ADM CEO Luciano Announces New Management Appointments Tue, 03 Mar 2015 09:53:31 EST http://www.grainnet.com/articles/ADM_CEO_Luciano_Announces_New_Management_Appointments-148033.html http://www.grainnet.com/articles/ADM_CEO_Luciano_Announces_New_Management_Appointments-148033.html Chicago — Archer Daniels Midland Company (NYSE: ADM) today announced several management appointments. “To accelerate the execution of our strategic plans, we need teams that can quickly flex and form to identify and capture opportunities, focus on what matters, deliver results, and then re-form to address the next set of opportunities. "To that end, I have formed some new teams and expanded the responsibilities of some key leaders,” said ADM CEO Juan Luciano. Ray Young has been named executive vice president; he remains the company’s chief financial officer and will add responsibility for oversight of ADM’s business in Asia. “Ray’s MGEX Records February As Second Best Month in Exchange's History Tue, 03 Mar 2015 09:52:32 EST http://www.grainnet.com/articles/MGEX_Records_February_As_Second_Best_Month_in_Exchange_s_History-148034.html http://www.grainnet.com/articles/MGEX_Records_February_As_Second_Best_Month_in_Exchange_s_History-148034.html Minneapolis — MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), has recorded the 2nd-best month in its storied history, reporting a total volume of 221,410 from February. MGEX also saw its electronic volume from February finish the month at 197,456, making it the highest electronic volume month ever for the Exchange. February’s conclusion marks the seventh-consecutive month that MGEX has recorded a total volume of more than 150,000. Total volume from February increased by eight percent over that of February 2014. Total calendar year volume now stands at 392,842, which is two percent higher than than that of this CHS Inc. Appoints Jean Briand as Senior Vice President For Ag Business Finance Mon, 02 Mar 2015 16:00:28 EST http://www.grainnet.com/articles/CHS_Inc__Appoints_Jean_Briand_as_Senior_Vice_President_For_Ag_Business_Finance-148037.html http://www.grainnet.com/articles/CHS_Inc__Appoints_Jean_Briand_as_Senior_Vice_President_For_Ag_Business_Finance-148037.html St. Paul, Minn., March 2, 2015 — Experienced finance leader Jean Briand has joined CHS Inc. (NASDAQ: CHSCP) – the nation's leading farmer-owned cooperative and a global energy, grains and foods company – as senior vice president, Finance, for its global Ag Business operations. Briand joins CHS from Nestle Waters North America where he has been chief financial officer of that $3 billion retail water business. Briand will focus on the strategic financial needs of the growing CHS global ag business. "Jean will serve as a business partner to our global Ag Business operations, as well as our overall finance area, National Association of Wheat Growers Announces National Wheat Yield Contest (Farm Futures) Mon, 02 Mar 2015 15:35:48 EST http://www.grainnet.com/articles/National_Association_of_Wheat_Growers_Announces_National_Wheat_Yield_Contest__Farm_Futures_-148036.html http://www.grainnet.com/articles/National_Association_of_Wheat_Growers_Announces_National_Wheat_Yield_Contest__Farm_Futures_-148036.html Poor Autumn Weather Conditions Cause High Winter Grain Losses For Ukraine Farmers (Business Recorder) Mon, 02 Mar 2015 15:32:02 EST http://www.grainnet.com/articles/Poor_Autumn_Weather_Conditions_Cause_High_Winter_Grain_Losses_For_Ukraine_Farmers__Business_Recorder_-148035.html http://www.grainnet.com/articles/Poor_Autumn_Weather_Conditions_Cause_High_Winter_Grain_Losses_For_Ukraine_Farmers__Business_Recorder_-148035.html Syngenta and Gavilon Report Growing Acceptance For "Right to Grow" Program and Agrisure Duracade Corn (Ag Professional) Mon, 02 Mar 2015 10:50:56 EST http://www.grainnet.com/articles/Syngenta_and_Gavilon_Report_Growing_Acceptance_For__Right_to_Grow__Program_and_Agrisure_Duracade_Corn__Ag_Professional_-148022.html http://www.grainnet.com/articles/Syngenta_and_Gavilon_Report_Growing_Acceptance_For__Right_to_Grow__Program_and_Agrisure_Duracade_Corn__Ag_Professional_-148022.html USDA Weekly Grains Inspected For Export Report: Corn Up; Wheat, Soybeans, Sorghum Down Mon, 02 Mar 2015 10:39:35 EST http://www.grainnet.com/articles/USDA_Weekly_Grains_Inspected_For_Export_Report__Corn_Up__Wheat__Soybeans__Sorghum_Down-148019.html http://www.grainnet.com/articles/USDA_Weekly_Grains_Inspected_For_Export_Report__Corn_Up__Wheat__Soybeans__Sorghum_Down-148019.html Idaho Grain Handlers Offering Contracts For Hard White Spring Wheat (Capital Press) Mon, 02 Mar 2015 09:57:44 EST http://www.grainnet.com/articles/Idaho_Grain_Handlers_Offering_Contracts_For_Hard_White_Spring_Wheat__Capital_Press_-148011.html http://www.grainnet.com/articles/Idaho_Grain_Handlers_Offering_Contracts_For_Hard_White_Spring_Wheat__Capital_Press_-148011.html Crop Sales Add $2.5 Billion to Montana Economy During 2014 Season (Independent Record) Mon, 02 Mar 2015 09:45:57 EST http://www.grainnet.com/articles/Crop_Sales_Add__2_5_Billion_to_Montana_Economy_During_2014_Season__Independent_Record_-148010.html http://www.grainnet.com/articles/Crop_Sales_Add__2_5_Billion_to_Montana_Economy_During_2014_Season__Independent_Record_-148010.html Turner Grain Trustee DiPietro Requests Bankruptcy Case Be Converted to Chapter 7 Liquidation (Arkansas Business) Mon, 02 Mar 2015 09:23:17 EST http://www.grainnet.com/articles/Turner_Grain_Trustee_DiPietro_Requests_Bankruptcy_Case_Be_Converted_to_Chapter_7_Liquidation__Arkansas_Business_-148006.html http://www.grainnet.com/articles/Turner_Grain_Trustee_DiPietro_Requests_Bankruptcy_Case_Be_Converted_to_Chapter_7_Liquidation__Arkansas_Business_-148006.html U.S. Drought Monitor: Upper Midwest Drier Than Normal; Some Areas Receive No Precipitation Fri, 27 Feb 2015 11:35:05 EST http://www.grainnet.com/articles/U_S__Drought_Monitor__Upper_Midwest_Drier_Than_Normal__Some_Areas_Receive_No_Precipitation-147984.html http://www.grainnet.com/articles/U_S__Drought_Monitor__Upper_Midwest_Drier_Than_Normal__Some_Areas_Receive_No_Precipitation-147984.html USDA Data Demonstrates How Trans Pacific Partnership Will Benefit All 50 States Fri, 27 Feb 2015 11:19:22 EST http://www.grainnet.com/articles/USDA_Data_Demonstrates_How_Trans_Pacific_Partnership_Will_Benefit_All_50_States-147979.html http://www.grainnet.com/articles/USDA_Data_Demonstrates_How_Trans_Pacific_Partnership_Will_Benefit_All_50_States-147979.html Washington, Feb. 26, 2015 — In conjunction with a series of Made in Rural America Executive Actions announced today by President Obama and the White House, the U.S. Department of Agriculture (USDA) released data today showing the opportunities for agriculture of the Trans Pacific Partnership (TPP) to help boost agricultural exports across the 50 United States. TPP is a 21st century trade agreement that will promote job growth, increase farm income, generate greater rural economic activity, and help expand U.S. agricultural exports to some of the fastest growing countries in the Asia-Pacific region. USDA released its TPP data today after USDA to Provide One-Time Deadline Extension to Update Base Acres or Yield History For ARC/PLC Programs Fri, 27 Feb 2015 11:10:55 EST http://www.grainnet.com/articles/USDA_to_Provide_One_Time_Deadline_Extension_to_Update_Base_Acres_or_Yield_History_For_ARC_PLC_Programs-147978.html http://www.grainnet.com/articles/USDA_to_Provide_One_Time_Deadline_Extension_to_Update_Base_Acres_or_Yield_History_For_ARC_PLC_Programs-147978.html Washington, Feb. 27, 2015 — Agriculture Secretary Tom Vilsack announced today that a one-time extension will be provided to producers for the new safety-net programs established by the 2014 Farm Bill, known as Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). The final day to update yield history or reallocate base acres has been extended one additional month, from Feb. 27, 2015 until March 31, 2015. The final day for farm owners and producers to choose ARC or PLC coverage also remains March 31, 2015. "This is an important decision for producers, because these programs provide financial protection against unexpected GIPSA to Request Three-Year Extension on Inspection and Weighing Waiver for High-Quality Specialty Grain Transported in Containers (Federal Register) Fri, 27 Feb 2015 10:04:41 EST http://www.grainnet.com/articles/GIPSA_to_Request_Three_Year_Extension_on_Inspection_and_Weighing_Waiver_for_High_Quality_Specialty_Grain_Transported_in_Containers__Federal_Register_-147972.html http://www.grainnet.com/articles/GIPSA_to_Request_Three_Year_Extension_on_Inspection_and_Weighing_Waiver_for_High_Quality_Specialty_Grain_Transported_in_Containers__Federal_Register_-147972.html http://www.gpo.gov/fdsys/pkg/FR-2015-02-27/html/2015-04200.htm Natural Resources Conservation Service Announces Rules to Consolidate Programs to Conserve Farmland, Grassland, Wetlands (Federal Register) Fri, 27 Feb 2015 09:58:40 EST http://www.grainnet.com/articles/Natural_Resources_Conservation_Service_Announces_Rules_to_Consolidate_Programs_to_Conserve_Farmland__Grassland__Wetlands__Federal_Register_-147971.html http://www.grainnet.com/articles/Natural_Resources_Conservation_Service_Announces_Rules_to_Consolidate_Programs_to_Conserve_Farmland__Grassland__Wetlands__Federal_Register_-147971.html http://www.gpo.gov/fdsys/pkg/FR-2015-02-27/html/2015-03781.htm USDA Announces Plans to Re-establish Advisory Committee on Biotechnology and 21st Century Agriculture (Federal Register) Fri, 27 Feb 2015 09:50:35 EST http://www.grainnet.com/articles/USDA_Announces_Plans_to_Re_establish_Advisory_Committee_on_Biotechnology_and_21st_Century_Agriculture__Federal_Register_-147970.html http://www.grainnet.com/articles/USDA_Announces_Plans_to_Re_establish_Advisory_Committee_on_Biotechnology_and_21st_Century_Agriculture__Federal_Register_-147970.html http://www.gpo.gov/fdsys/pkg/FR-2015-02-27/html/2015-04107.htm Federal Aviation Administration Proposes Framework of Regulations to Allow Non-Recreational Drones (Southeast Farm Press) Fri, 27 Feb 2015 09:45:50 EST http://www.grainnet.com/articles/Federal_Aviation_Administration_Proposes_Framework_of_Regulations_to_Allow_Non_Recreational_Drones__Southeast_Farm_Press_-147968.html http://www.grainnet.com/articles/Federal_Aviation_Administration_Proposes_Framework_of_Regulations_to_Allow_Non_Recreational_Drones__Southeast_Farm_Press_-147968.html