GRAINNET News and Information for the Grain, Milling, Feed, Seed and BioFuels Industries http://www.grainnet.com Mosaic to Acquire ADM Fertilizer Distribution Business in Brazil and Paraguay Wed, 16 Apr 2014 14:25:18 EDT http://www.grainnet.com/articles/Mosaic_to_Acquire_ADM_Fertilizer_Distribution_Business_in_Brazil_and_Paraguay-140387.html http://www.grainnet.com/articles/Mosaic_to_Acquire_ADM_Fertilizer_Distribution_Business_in_Brazil_and_Paraguay-140387.html Plymouth, MN—The Mosaic Company (NYSE: MOS) signed definitive agreements April 15 with Archer Daniels Midland Company (NYSE: ADM) to acquire its fertilizer distribution business in Brazil and Paraguay for $350 million. The purchase price assumes the delivery of $150 million in working capital at closing. This acquisition is expected to significantly accelerate Mosaic's previously announced growth plans in Brazil as well as replace a substantial amount of planned internal investments in that country. Under the terms of the agreement, Mosaic would acquire four blending and warehousing facilities in Brazil, one in Paraguay and additional warehousing and logistics service capabilities. The acquisition Government of Canada Invests in Grains Council Wed, 16 Apr 2014 14:17:27 EDT http://www.grainnet.com/articles/Government_of_Canada_Invests_in_Grains_Council-140386.html http://www.grainnet.com/articles/Government_of_Canada_Invests_in_Grains_Council-140386.html Winnipeg, MBand#151;Agriculture and Agri-Food Canada On behalf of Agriculture Minister Gerry Ritz, the Honourable Ed Fast, Minister of International Trade, attended the Canadian Global Crops Symposium in Winnipeg and announced an investment of $100,000 to the Canada Grains Council (CGC) to help the grain industry remain competitive over the long-term. This investment from the AgriMarketing Program will help the CGC participate in various international roundtable discussions about barriers to trade and ensure that Canada's exporting interests are put forward. This will enable the CGC to forge strong international partnerships with industry and encourage other countries to adopt commercially viable trading policies that Spring Corn Planting Off to Slow Start (Pantagraph) Wed, 16 Apr 2014 14:14:00 EDT http://www.grainnet.com/articles/Spring_Corn_Planting_Off_to_Slow_Start__Pantagraph_-140385.html http://www.grainnet.com/articles/Spring_Corn_Planting_Off_to_Slow_Start__Pantagraph_-140385.html SD Spring Wheat and Barley Planting Behind Average Pace (Argus Leader) Wed, 16 Apr 2014 14:08:50 EDT http://www.grainnet.com/articles/SD_Spring_Wheat_and_Barley_Planting_Behind_Average_Pace__Argus_Leader_-140384.html http://www.grainnet.com/articles/SD_Spring_Wheat_and_Barley_Planting_Behind_Average_Pace__Argus_Leader_-140384.html Historic Manchester Mill and Grain Elevator (MI) Up For Sale (Enterprise) Wed, 16 Apr 2014 13:25:28 EDT http://www.grainnet.com/articles/Historic_Manchester_Mill_and_Grain_Elevator__MI__Up_For_Sale__Enterprise_-140382.html http://www.grainnet.com/articles/Historic_Manchester_Mill_and_Grain_Elevator__MI__Up_For_Sale__Enterprise_-140382.html New Mid Kansas Cooperative Shuttle Loader to Greatly Increase Grain Storage in Canton, KS Area (Sentinel) Wed, 16 Apr 2014 13:21:55 EDT http://www.grainnet.com/articles/New_Mid_Kansas_Cooperative_Shuttle_Loader_to_Greatly_Increase_Grain_Storage_in_Canton__KS_Area__Sentinel__-140381.html http://www.grainnet.com/articles/New_Mid_Kansas_Cooperative_Shuttle_Loader_to_Greatly_Increase_Grain_Storage_in_Canton__KS_Area__Sentinel__-140381.html Hard Freeze Could Damage Some Wheat In Kansas Wed, 16 Apr 2014 13:08:26 EDT http://www.grainnet.com/articles/Hard_Freeze_Could_Damage_Some_Wheat_In_Kansas-140380.html http://www.grainnet.com/articles/Hard_Freeze_Could_Damage_Some_Wheat_In_Kansas-140380.html Manhattan, KS—The hard freeze throughout Kansas in the early morning hours of April 15, could cause some damage to wheat, said Jim Shroyer, K-State Research and Extension crop production specialist. Wheat in the jointing stage is most at risk, he said. There are a number of key factors in determining freeze damage: the stage of development of the wheat, the density of the stand and condition of the plants, the amount of residue on the soil surface, the extent and duration of low temperatures, temperature gradients within the field, soil moisture, and the wind speed, Shroyer explained. and#149; Stage of development. International Grains Program Holds Fundamentals and Advanced Grain Purchasing Courses Wed, 16 Apr 2014 12:58:54 EDT http://www.grainnet.com/articles/International_Grains_Program_Holds_Fundamentals_and_Advanced_Grain_Purchasing_Courses-140378.html http://www.grainnet.com/articles/International_Grains_Program_Holds_Fundamentals_and_Advanced_Grain_Purchasing_Courses-140378.html Manhattan, KS—Participants from across the globe traveled to the International Grains Program for the annual two-week Grain Purchasing courses. The courses took place March 31-April 11, 2014, with a field trip to an export facility in Portland, Ore., as well as the Chicago Board of Trade. Grain Purchasing – Part I: Fundamentals of Grain Purchasing The first week, March 31-April 3, 2014, featured presentations and discussions about contracting, transportation and logistics, and it allowed the 10 participants to network and learn from each other. “The range of presentations that were featured provided grain buyers and traders with the tools needed to ensure product MGEX Reaches Another Top Open Interest Day Wed, 16 Apr 2014 12:51:21 EDT http://www.grainnet.com/articles/MGEX_Reaches_Another_Top_Open_Interest_Day_-140377.html http://www.grainnet.com/articles/MGEX_Reaches_Another_Top_Open_Interest_Day_-140377.html Minneapolis, MN—MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), April 16 announces record-breaking open interest after Tuesday’s (April 15) trade date. The top five open interest records now all belong to the last five trade days and the top ten open interest records have all been set in 2014. Total Hard Red Spring Wheat (HRSW) and Apple Juice Concentrate (AJC) open interest came in at 81,806 contracts after Tuesday’s trade date. More information on MGEX volume and open interest can be found at www.mgex.com Ag Valley Coop Elevator in North Platte, NE Gets a Cleanup (NP Telegraph) Wed, 16 Apr 2014 12:03:13 EDT http://www.grainnet.com/articles/Ag_Valley_Coop_Elevator_in_North_Platte__NE_Gets_a_Cleanup__NP_Telegraph_-140376.html http://www.grainnet.com/articles/Ag_Valley_Coop_Elevator_in_North_Platte__NE_Gets_a_Cleanup__NP_Telegraph_-140376.html Epstein Becker Green to Hold OSHA Briefing For Employers Across Industries ... May 28 ... New York, NY ... May 29 ... Stamford, CT Tue, 15 Apr 2014 16:21:54 EDT http://www.grainnet.com/articles/Epstein_Becker_Green_to_Hold_OSHA_Briefing_For_Employers_Across_Industries_____May_28_____New_York__NY_____May_29_____Stamford__CT-140363.html http://www.grainnet.com/articles/Epstein_Becker_Green_to_Hold_OSHA_Briefing_For_Employers_Across_Industries_____May_28_____New_York__NY_____May_29_____Stamford__CT-140363.html OSHA Inspections – Are You Next? Are You Ready? An OSHA Briefing for Employers Across All Industries Two Convenient Locations: New York, NY Wednesday, May 28, 2014 The Cornell Club 6 East 44th Street New York, NY 10017 212-986-0300 --------------- Stamford, CT Thursday, May 29, 2014 Hilton Stamford Hotel One First Stamford Place Stamford, CT 06902 203-967-2222 8:00 AM - 12:00 PM EDT Breakfast Buffet will be provided To register for either session, please click here. OSHA has increased enforcement to levels never seen before, from huge increases in the numbers of inspections and citations characterized as "willful" or "repeat" to more criminal referrals. OSHA today is also engaging in more aggressive strategies during inspections, GIPSA Announces Opportunity For Official Designation in Aberdeen, SD, Hastings, NE, Fulton, IL, and The States of MO SC Areas; Requests Comments on Official Agencies Serving Areas (Federal Register) Tue, 15 Apr 2014 16:11:30 EDT http://www.grainnet.com/articles/GIPSA_Announces_Opportunity_For_Official_Designation_in_Aberdeen__SD__Hastings__NE__Fulton__IL__and_The_States_of_MO_SC_Areas__Requests_Comments_on_Official_Agencies_Serving_Areas__Federal_Register_-140359.html http://www.grainnet.com/articles/GIPSA_Announces_Opportunity_For_Official_Designation_in_Aberdeen__SD__Hastings__NE__Fulton__IL__and_The_States_of_MO_SC_Areas__Requests_Comments_on_Official_Agencies_Serving_Areas__Federal_Register_-140359.html Cargill Expects Ardent Mills Merger With ConAgra and CHS to Be Finalized in Six to Eight Weeks (Reuters) Tue, 15 Apr 2014 16:08:09 EDT http://www.grainnet.com/articles/Cargill_Expects_Ardent_Mills_Merger_With_ConAgra_and_CHS_to_Be_Finalized_in_Six_to_Eight_Weeks__Reuters_-140361.html http://www.grainnet.com/articles/Cargill_Expects_Ardent_Mills_Merger_With_ConAgra_and_CHS_to_Be_Finalized_in_Six_to_Eight_Weeks__Reuters_-140361.html Extreme Winter Weather Could Pose Challenges For MI Spring Planting and Logistics Tue, 15 Apr 2014 16:01:54 EDT http://www.grainnet.com/articles/Extreme_Winter_Weather_Could_Pose_Challenges_For_MI_Spring_Planting_and_Logistics-140360.html http://www.grainnet.com/articles/Extreme_Winter_Weather_Could_Pose_Challenges_For_MI_Spring_Planting_and_Logistics-140360.html Lansingand#151;Record low temperatures and large amounts of snowfall this winter could pose challenges for agriculture as spring planting season begins, according to members of the Agricultural Leaders of Michigan (ALM). ALM hosted a lunchtime forum this week on extreme winter weather and how it will affect Michigan’s agriculture sector. “Record cold temperatures and ice cover on the Great Lakes mean a slow warm up this spring, which will put our farmers behind when it comes to spring planting,” said Jim Zook, executive director of the Michigan Corn Growers Association. “However, with today’s modern equipment, planting is more efficient than ever Canada Barley Cluster Gets Research Funding Boost Tue, 15 Apr 2014 12:55:55 EDT http://www.grainnet.com/articles/Canada_Barley_Cluster_Gets_Research_Funding_Boost-140350.html http://www.grainnet.com/articles/Canada_Barley_Cluster_Gets_Research_Funding_Boost-140350.html Calgary, ABand#151;Barley science in Canada received a major boost April 14 with the signing of agreements for the "Adding Value to Barley National Research Cluster" project. The project agreements were signed by Agriculture and Agri-Food Canada (AAFC), who will also provide the majority of the funding. Industry partners include the Western Grains Research Foundation (WGRF), the Brewing and Malting Barley Research Institute (BMBRI), the Rahr Corporation, the Atlantic Grains Council, the Barley Council of Canada (BCC) and Alberta Barley. "The Western Grains Research Foundation is pleased to be investing $1.5 million towards the National Barley Cluster," said Dave Sefton, WGRF Board Chair. LSU AgCenter Confirm Herbicide-Resistant Italian Ryegrass Tue, 15 Apr 2014 12:50:47 EDT http://www.grainnet.com/articles/LSU_AgCenter_Confirm_Herbicide_Resistant_Italian_Ryegrass-140349.html http://www.grainnet.com/articles/LSU_AgCenter_Confirm_Herbicide_Resistant_Italian_Ryegrass-140349.html Alexandria, LA—LSU AgCenter weed scientists confirmed that farmers will now have to contend with another herbicide-resistant weed, Italian ryegrass. Daniel Stephenson, LSU AgCenter weed scientist, said seed from two fields in Tensas Parish was used to grow the plant to confirm resistance to glyphosate. “It is pretty well widespread in the northeast part of the state and has been found in St. Landry Parish as well,” he said. The weed has the potential to rob a corn plant of 75 percent of its yield. It also poses a problem for later-planted crops such as cotton and soybeans because clumps of dead Italian ryegrass ADM Announces Significant Actions in Ongoing Portfolio Management Tue, 15 Apr 2014 12:23:43 EDT http://www.grainnet.com/articles/ADM_Announces_Significant_Actions_in_Ongoing_Portfolio_Management-140343.html http://www.grainnet.com/articles/ADM_Announces_Significant_Actions_in_Ongoing_Portfolio_Management-140343.html Decatur, IL—Archer Daniels Midland Company (NYSE: ADM) April 15 announced three significant actions in the company’s ongoing portfolio management: an agreement to sell the company’s South American fertilizer business, pursuit of the sale of the company’s chocolate business, and the acquisition of the remaining stake of Alfred C. Toepfer International GmbH. “We are committed to ongoing portfolio management to realize value from our businesses and to deploy our capital where it can best improve returns,” said ADM Chairman and CEO Patricia A. Woertz. “The actions we are announcing today are results of this continuing process. Each of these transactions will Michigan Corn Growers Assn. Urges Yes Vote on Checkoff Increase Tue, 15 Apr 2014 12:00:30 EDT http://www.grainnet.com/articles/Michigan_Corn_Growers_Assn__Urges_Yes_Vote_on_Checkoff_Increase-140340.html http://www.grainnet.com/articles/Michigan_Corn_Growers_Assn__Urges_Yes_Vote_on_Checkoff_Increase-140340.html Lansing—The Michigan Corn Growers Association (MCGA) today urged corn growers to approve a proposed change to the corn check-off program. If approved, the referendum would enact a one-penny-per-bushel increase in the check-off. This is the first time in the 20-year history of the program that corn growers have been asked to increase the check-off amount. “Investing in the check-off pays off for growers because it expands their business and improves their bottom line,” said Jim Zook, executive director of MCGA. “The check-off is the only organization that exists solely to promote our industry to consumers, lawmakers and the media. "Increasing the Howard Farmers Coop Elevator (SD) Recovering After Feed Mill Fire (TSN) Tue, 15 Apr 2014 11:57:56 EDT http://www.grainnet.com/articles/Howard_Farmers_Coop_Elevator__SD__Recovering_After_Feed_Mill_Fire__TSN_-140339.html http://www.grainnet.com/articles/Howard_Farmers_Coop_Elevator__SD__Recovering_After_Feed_Mill_Fire__TSN_-140339.html Rail Shortage Causing Grain Pileup at Gavilon Liberty Grain Near Kimball, SD (KELO) Tue, 15 Apr 2014 11:55:55 EDT http://www.grainnet.com/articles/Rail_Shortage_Causing_Grain_Pileup_at_Gavilon_Liberty_Grain_Near_Kimball__SD__KELO_-140338.html http://www.grainnet.com/articles/Rail_Shortage_Causing_Grain_Pileup_at_Gavilon_Liberty_Grain_Near_Kimball__SD__KELO_-140338.html Wheat Growers (SD) Holds Open House at Frederick Agronomy Center Tue, 15 Apr 2014 09:08:31 EDT http://www.grainnet.com/articles/Wheat_Growers__SD__Holds_Open_House_at_Frederick_Agronomy_Center-140333.html http://www.grainnet.com/articles/Wheat_Growers__SD__Holds_Open_House_at_Frederick_Agronomy_Center-140333.html Frederick, SD—More than 150 area member-owners and guests joined the Wheat Growers’ Frederick agronomy staff to celebrate the opening of the Wheat Growers Frederick Agronomy Center. The new 10,400-square-foot center features a 60,000-gallon liquid fertilizer plant and a state-of-the-industry seed treating system. “We provide ag chemical sales, fertilizer, seed and custom application for liquid and dry,” Corey Siefkes, the Location Supervisor at Frederick, said. “We also do strip tilling and we have agronomists available to help with any questions and needs.” The Frederick Agronomy Center is another Wheat Growers investment that will provide benefits to member-owners and the community for years to USDA Weekly Crop Progress Report: Corn, 3% Planted; Winter Wheat, 5% Headed; Spring Wheat, 4% Planted Mon, 14 Apr 2014 16:19:04 EDT http://www.grainnet.com/articles/USDA_Weekly_Crop_Progress_Report__Corn__3__Planted__Winter_Wheat__5__Headed__Spring_Wheat__4__Planted-140324.html http://www.grainnet.com/articles/USDA_Weekly_Crop_Progress_Report__Corn__3__Planted__Winter_Wheat__5__Headed__Spring_Wheat__4__Planted-140324.html Black Sea Grain Crop Seen Down Due to Unrest and Weather (TRF) Mon, 14 Apr 2014 14:59:16 EDT http://www.grainnet.com/articles/Black_Sea_Grain_Crop_Seen_Down_Due_to_Unrest_and_Weather__TRF_-140320.html http://www.grainnet.com/articles/Black_Sea_Grain_Crop_Seen_Down_Due_to_Unrest_and_Weather__TRF_-140320.html MB Ag Producers Discuss Grain Rail Backlog at Annual Meeting (CTV) Mon, 14 Apr 2014 11:21:30 EDT http://www.grainnet.com/articles/MB_Ag_Producers_Discuss_Grain_Rail_Backlog_at_Annual_Meeting__CTV_-140309.html http://www.grainnet.com/articles/MB_Ag_Producers_Discuss_Grain_Rail_Backlog_at_Annual_Meeting__CTV_-140309.html