GRAINNET News and Information for the Grain, Milling, Feed, Seed and BioFuels Industries http://www.grainnet.com USDA Joint Ag Weather Facility Forecasts Precipitation Across Dry Southern Regions Fri, 02 Dec 2016 15:30:10 EST http://www.grainnet.com/articles/USDA_Joint_Ag_Weather_Facility_Forecasts_Precipitation_Across_Dry_Southern_Regions-163195.html http://www.grainnet.com/articles/USDA_Joint_Ag_Weather_Facility_Forecasts_Precipitation_Across_Dry_Southern_Regions-163195.html USDA APHIS Finds No Evidence of Genetically-Engineered Wheat in Commerce in WA Fri, 02 Dec 2016 14:38:25 EST http://www.grainnet.com/articles/USDA_APHIS_Finds_No_Evidence_of_Genetically_Engineered_Wheat_in_Commerce_in_WA-163192.html http://www.grainnet.com/articles/USDA_APHIS_Finds_No_Evidence_of_Genetically_Engineered_Wheat_in_Commerce_in_WA-163192.html Grain Industry Leaders Send Letter to Vice-President-Elect Mike Pence Detailing Willingness to Work on New STB Nominees Fri, 02 Dec 2016 14:31:25 EST http://www.grainnet.com/articles/Grain_Industry_Leaders_Send_Letter_to_Vice_President_Elect_Mike_Pence_Detailing_Willingness_to_Work_on_New_STB_Nominees-163191.html http://www.grainnet.com/articles/Grain_Industry_Leaders_Send_Letter_to_Vice_President_Elect_Mike_Pence_Detailing_Willingness_to_Work_on_New_STB_Nominees-163191.html More IA Farmers Using Grain Bags to Store Bumper Crops Fri, 02 Dec 2016 13:49:12 EST http://www.grainnet.com/articles/More_IA_Farmers_Using_Grain_Bags_to_Store_Bumper_Crops-163189.html http://www.grainnet.com/articles/More_IA_Farmers_Using_Grain_Bags_to_Store_Bumper_Crops-163189.html House Committee on Agriculture Appoints Troy Phillips and Kellie Adesina to Staff Fri, 02 Dec 2016 10:07:25 EST http://www.grainnet.com/articles/House_Committee_on_Agriculture_Appoints_Troy_Phillips_and_Kellie_Adesina_to_Staff-163187.html http://www.grainnet.com/articles/House_Committee_on_Agriculture_Appoints_Troy_Phillips_and_Kellie_Adesina_to_Staff-163187.html Washington - House Agriculture Committee Ranking Member Collin Peterson today announced staff changes to the Committee for the 115th Congress. Troy Phillips will join the Committee as Deputy Staff Director and Kellie Adesina as Senior Counsel. “Troy and Kellie both bring valuable work experience and deep policy expertise to the Committee,” Peterson said. “They will serve important roles as the Committee continues to address the wide range of issues under our jurisdiction and begins work on a new farm bill in the next Congress.” Troy Phillips, Deputy Staff Director: Troy joins the Agriculture Committee from the office of retiring Rep. Sam Wheat Growers to Host Maximizing Return on Investment Workshops ... Aberdeen, SD Fri, 02 Dec 2016 09:44:20 EST http://www.grainnet.com/articles/Wheat_Growers_to_Host_Maximizing_Return_on_Investment_Workshops_____Aberdeen__SD-163185.html http://www.grainnet.com/articles/Wheat_Growers_to_Host_Maximizing_Return_on_Investment_Workshops_____Aberdeen__SD-163185.html Aberdeen, SD - With many Dakota corn and soybean farmers reporting record yields this fall, Wheat Growers will hold a half-day producer workshop titled “Maximizing Return on Investment: Securing Yield Potential Throughout the Season.” The USDA is predicting the largest corn yield to date with a projection of 175.3 bushels per acre, and an equally strong soybean yield of 52.5 bushels per acre. In the Dakotas, many Wheat Growers members are reporting corn yields above 200 bushels per acre and soybean yields of 60 bushels per acre. At the upcoming Maximizing Return on Investment workshops, Wheat Growers agronomists will provide in-depth insight Turtleford, Saskatchewan Calls Loss of Grain Elevator From Fire "Huge Loss" Fri, 02 Dec 2016 09:38:53 EST http://www.grainnet.com/articles/Turtleford__Saskatchewan_Calls_Loss_of_Grain_Elevator_From_Fire__Huge_Loss_-163184.html http://www.grainnet.com/articles/Turtleford__Saskatchewan_Calls_Loss_of_Grain_Elevator_From_Fire__Huge_Loss_-163184.html New Documents Prompt Additional Questions Regarding Demolition of Grain Elevator Complex Near University of Minnesota Fri, 02 Dec 2016 09:02:21 EST http://www.grainnet.com/articles/New_Documents_Prompt_Additional_Questions_Regarding_Demolition_of_Grain_Elevator_Complex_Near_University_of_Minnesota-163179.html http://www.grainnet.com/articles/New_Documents_Prompt_Additional_Questions_Regarding_Demolition_of_Grain_Elevator_Complex_Near_University_of_Minnesota-163179.html USDA Projections Show Promising Outlook for U.S. Soybeans; Corn Outlook Dimmer Fri, 02 Dec 2016 08:55:34 EST http://www.grainnet.com/articles/USDA_Projections_Show_Promising_Outlook_for_U_S__Soybeans__Corn_Outlook_Dimmer-163178.html http://www.grainnet.com/articles/USDA_Projections_Show_Promising_Outlook_for_U_S__Soybeans__Corn_Outlook_Dimmer-163178.html MGEX Reports November 2016 as Seventh Best Volume Month With 225,377 Contracts Traded Fri, 02 Dec 2016 08:37:32 EST http://www.grainnet.com/articles/MGEX_Reports_November_2016_as_Seventh_Best_Volume_Month_With_225_377_Contracts_Traded-163175.html http://www.grainnet.com/articles/MGEX_Reports_November_2016_as_Seventh_Best_Volume_Month_With_225_377_Contracts_Traded-163175.html Minneapolis, MN - MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports its 7th-highest total volume month, coming in at 225,377 contracts traded. Total volume from November concluded at high numbers once again, falling short of the highest all-time record set in November 2015 which was 272,202. This marks only the second time that volume has surpassed 200,000 during the month of November. Additionally, the Exchange has reported a total volume greater than 200,000 for five months during the calendar year. The Exchange also concluded the month with its 10th-highest electronic volume, closing in at 195,715 contracts traded. Calendar year volume CME Group Reports Record Average Daily Volume of 20.9 Million Contracts in November 2016, Up 52% From November 2015 Fri, 02 Dec 2016 08:27:14 EST http://www.grainnet.com/articles/CME_Group_Reports_Record_Average_Daily_Volume_of_20_9_Million_Contracts_in_November_2016__Up_52__From_November_2015-163173.html http://www.grainnet.com/articles/CME_Group_Reports_Record_Average_Daily_Volume_of_20_9_Million_Contracts_in_November_2016__Up_52__From_November_2015-163173.html Kansas Wheat Crop Conditions Deteriorate as Drought Spreads Fri, 02 Dec 2016 08:15:50 EST http://www.grainnet.com/articles/Kansas_Wheat_Crop_Conditions_Deteriorate_as_Drought_Spreads-163171.html http://www.grainnet.com/articles/Kansas_Wheat_Crop_Conditions_Deteriorate_as_Drought_Spreads-163171.html Much needed moisture makes the top of many Kansas wheat farmers' 2016 Christmas wish lists. According to the U.S. Drought Monitor, much of western Kansas is currently in moderate to severe drought just a few weeks after the entirety of the state was declared drought free for the first time in six years. According to Romulo Lollato, wheat and forages extension specialist for Kansas State University's Department of Agronomy, Kansas crop conditions vary greatly. "We have very contrasting conditions statewide," said Lollato. "In south central and southeast Kansas, planting was delayed in many cases due to excess moisture in the region. USDA Joint Ag Weather Facility Forecasts Dry Weather Across U.S. Plains Region Thu, 01 Dec 2016 15:40:23 EST http://www.grainnet.com/articles/USDA_Joint_Ag_Weather_Facility_Forecasts_Dry_Weather_Across_U_S__Plains_Region-163167.html http://www.grainnet.com/articles/USDA_Joint_Ag_Weather_Facility_Forecasts_Dry_Weather_Across_U_S__Plains_Region-163167.html USDA Weekly Export Sales Report For Week Ending Nov. 24 Thu, 01 Dec 2016 15:39:03 EST http://www.grainnet.com/articles/USDA_Weekly_Export_Sales_Report_For_Week_Ending_Nov__24-163166.html http://www.grainnet.com/articles/USDA_Weekly_Export_Sales_Report_For_Week_Ending_Nov__24-163166.html ADM to Sell 19.9% Ownership Stake in GrainCorp LImited Thu, 01 Dec 2016 15:36:51 EST http://www.grainnet.com/articles/ADM_to_Sell_19_9__Ownership_Stake_in_GrainCorp_LImited-163165.html http://www.grainnet.com/articles/ADM_to_Sell_19_9__Ownership_Stake_in_GrainCorp_LImited-163165.html Chicago, IL - Archer Daniels Midland Company (NYSE: ADM) announced today that it has entered into an underwriting agreement to sell its 19.9 percent ownership stake in GrainCorp Limited (ASX: GNC) for a total value of about A$387 million. “As part of our ongoing portfolio management, we carefully considered our equity investment position in GrainCorp and determined that we could better meet our long-term returns objectives by reallocating that capital,” said ADM Chairman and CEO Juan Luciano. “This transaction will allow us to further reduce our invested capital, and it will provide cash that we can redeploy to higher-return investments USDA December Grain Crushings and Co-Products Production Report Thu, 01 Dec 2016 15:20:17 EST http://www.grainnet.com/articles/USDA_December_Grain_Crushings_and_Co_Products_Production_Report-163164.html http://www.grainnet.com/articles/USDA_December_Grain_Crushings_and_Co_Products_Production_Report-163164.html USDA December Fats and Oils: Oilseed Crushings, Production, Consumption, and Stocks Report Thu, 01 Dec 2016 15:18:31 EST http://www.grainnet.com/articles/USDA_December_Fats_and_Oils__Oilseed_Crushings__Production__Consumption__and_Stocks_Report-163163.html http://www.grainnet.com/articles/USDA_December_Fats_and_Oils__Oilseed_Crushings__Production__Consumption__and_Stocks_Report-163163.html Total Grain Inspections Down 21% From Week Ending Nov. 17; Up 14% From 2015 Thu, 01 Dec 2016 14:04:15 EST http://www.grainnet.com/articles/Total_Grain_Inspections_Down_21__From_Week_Ending_Nov__17__Up_14__From_2015-163156.html http://www.grainnet.com/articles/Total_Grain_Inspections_Down_21__From_Week_Ending_Nov__17__Up_14__From_2015-163156.html This article is reprinted from the USDA's Dec. 1 Grain Transportation Report. For the week ending November 24, total inspections of grain (corn, wheat, and soybeans) for export from major U.S. export regions reached 3.17 million metric ton (mmt), down 21 percent from the previous week, up 14 percent from last year, and unchanged from the 3-year average. Inspections of wheat, corn, and soybeans decreased from the previous week, due in part to the holiday slowdown period. Pacific Northwest (PNW) grain inspections dropped 44 percent from the previous week, but Mississippi Gulf inspections increased 1 percent. Outstanding export sales (unshipped) of American Trucking Association Reports Truck Indices Continue Downward Trend Thu, 01 Dec 2016 14:02:06 EST http://www.grainnet.com/articles/American_Trucking_Association_Reports_Truck_Indices_Continue_Downward_Trend-163157.html http://www.grainnet.com/articles/American_Trucking_Association_Reports_Truck_Indices_Continue_Downward_Trend-163157.html This article is reprinted from the USDA's Dec. 1 Grain Transportation Report. Last week, the American Trucking Association reported that its indices measuring demand, pricing and tonnage for total freight trucking continued to decline during October, but at a slower rate. Nonetheless, grain shippers in recent surveys report that truck availability has become increasingly difficult during the third quarter of the year, compared to the previous quarter and same period last year (see Grain Truck and Ocean Rate Advisory); likely due to the rise in truck demand during harvest and strong grain exports during the year. USDA to Conduct Final Survey of 2016 Crop Thu, 01 Dec 2016 14:00:22 EST http://www.grainnet.com/articles/USDA_to_Conduct_Final_Survey_of_2016_Crop-163158.html http://www.grainnet.com/articles/USDA_to_Conduct_Final_Survey_of_2016_Crop-163158.html This article is reprinted from the USDA's Dec. 1 Grain Transportation Report. During the first 2 weeks of December, USDA’s National Agricultural Statistics Service will survey approximately 90,000 U.S. producers. One of USDA’s largest survey efforts, the responses will provide the final information about the 2016 U.S. row crops focusing on harvested acreage, production, and storage. Grain storage is an important link between the production and transportation of grain. The availability of storage gives farmers and elevators the ability to determine when to sell and move product, rather than being tied to whenever the grain is harvested. Several Upper Mississippi River Locks Scheduled For Closure to Accommodate Repairs Thu, 01 Dec 2016 13:58:37 EST http://www.grainnet.com/articles/Several_Upper_Mississippi_River_Locks_Scheduled_For_Closure_to_Accommodate_Repairs-163159.html http://www.grainnet.com/articles/Several_Upper_Mississippi_River_Locks_Scheduled_For_Closure_to_Accommodate_Repairs-163159.html This article is reprinted from the USDA's Dec. 1 Grain Transportation Report. In order to conduct repairs, the U.S. Army Corps of Engineers has scheduled several lock closures on the Upper Mississippi River during the upcoming winter season. Mississippi River Locks 15 (Rock Island, IL), Lock 16 (Muscatine, IL), and Lock 17 (New Boston, IL) will be closed from December 13 to March 3, 2017. In addition, Mississippi River Lock 22 will be closed for repairs from January 2 to January 24, 2017. During the winter, much of the Upper Mississippi River is frozen or has ice accumulations that limit or Grain Transportation Overview By Sector: 12/1/16 Thu, 01 Dec 2016 13:56:35 EST http://www.grainnet.com/articles/Grain_Transportation_Overview_By_Sector__12_1_16-163160.html http://www.grainnet.com/articles/Grain_Transportation_Overview_By_Sector__12_1_16-163160.html This article is reprinted from the USDA's Dec. 1 Grain Transportation Report. Export Sales During the week ending November 17, unshipped balances of wheat, corn, and soybeans totaled 43.1 mmt, up 47 percent from the same time last year. Net weekly wheat export sales were .712 mmt, up 19 percent from the previous week. Net corn export sales were 1.69 mmt, up 2 percent from the previous week, and net soybean export sales were 1.89 mmt, up 33 percent from the past week. Rail U.S. Class I railroads originated 25,916 grain carloads for the week ending November 19, down 3 percent from the previous U.S. Soybean Shipments Up Despite Increased Landed Costs Thu, 01 Dec 2016 13:52:08 EST http://www.grainnet.com/articles/U_S__Soybean_Shipments_Up_Despite_Increased_Landed_Costs-163161.html http://www.grainnet.com/articles/U_S__Soybean_Shipments_Up_Despite_Increased_Landed_Costs-163161.html This article is reprinted from the USDA's Dec. 1 Grain Transportation Report. Total transportation and landed costs for shipping soybeans from the United States to Europe and China increased during the third quarter of 2016. However, soybean shipments from the United States to Europe and China also increased compared to the same period a year earlier, despite the rise in the transportation and landed costs. More specifically, total transportation costs of shipping soybeans from Minneapolis, MN and Davenport, IA to Hamburg, Germany through the U.S. Gulf both increased 17 percent from the previous quarter (Table 1). Similarly, the costs of shipping from South Dakota Wheat Commission Reports Record Winter Wheat Harvest Thu, 01 Dec 2016 11:23:58 EST http://www.grainnet.com/articles/South_Dakota_Wheat_Commission_Reports_Record_Winter_Wheat_Harvest-163145.html http://www.grainnet.com/articles/South_Dakota_Wheat_Commission_Reports_Record_Winter_Wheat_Harvest-163145.html General Mills, USDA NRCS and Xerces Society Enter $4 Million Agreement to Invest in Pollinator Habitats Thu, 01 Dec 2016 11:19:27 EST http://www.grainnet.com/articles/General_Mills__USDA_NRCS_and_Xerces_Society_Enter__4_Million_Agreement_to_Invest_in_Pollinator_Habitats-163143.html http://www.grainnet.com/articles/General_Mills__USDA_NRCS_and_Xerces_Society_Enter__4_Million_Agreement_to_Invest_in_Pollinator_Habitats-163143.html Washington - Nov. 30, 2016 - General Mills, the Xerces Society, and the U.S. Department of Agriculture announce a major milestone in their partnership to restore and protect pollinator habitat across hundreds of thousands of acres of farmland in North America. The five-year, $4 million financial commitment between General Mills and USDA's Natural Resources Conservation Service (NRCS) will support farmers across the U.S. by providing technical assistance to plant and protect pollinator habitat, such as native wildflower field edges and flowering hedgerows. Through 2021, this partnership will help to plant over 100,000 acres of pollinator habitat. Providing habitat in agriculture