Author: staff

Benson Hill Inc, a seed innovation company that was named Overall FoodTech Company of the Year in 2021, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. In its announcement, the company stated that it and its subsidiaries have voluntarily initiated the process, with plans to pursue a sale of its business under Section 363 of the Bankruptcy Code. As part of this effort, Benson Hill aims to sell all or a portion of its assets while continuing to support its farmers, partners, and customers throughout the proceedings. To maintain operations during the…

Shortly after 9:00 a.m. CT, May corn was down ½¢ at $4.68½ per bushel. May soybeans dropped 2¼¢ at $10.10¾ per bushel. Angie Setzer, partner with Consus Ag Consulting said after the market open, “Old-crop corn and soybeans found buying [Thursday], with news that the port fees would not impact shipments until November if implemented, helping to lend support. Wheat was lower on some unwinds of previous trades and an increased potential for rain in some parts of the wheat producing world.” May wheat markets started the trading session in the green. CBOT wheat was up 3½¢ at $5.60¾ per bushel.…

1. Soybean, Grain Futures Little Changed Overnight Soybean and grain futures were little changed overnight amid uncertainty about the ongoing trade war and mixed weather forecasts globally.  Tariffs on foreign goods entering the U.S. are scheduled to take effect on April 2 as each country will receive a number representing their own tariffs, the White House has said. That number will be used to determine what, if any, tariffs will be placed on products they plan to ship to the U.S.  U.S. President Donald Trump has imposed 25% tariffs on products from Canada and Mexico and a 20% tariff on…

Successful Farming‘s ‘Can Their Problem be Solved?’ advice column from farm financial adviser Myron Friesen and the question of planning for your retirement, but not your children’s. Problem: My wife and I have worked our tails off all of our lives. We have made it through some miserable times with weather, machinery, dust, and manure, not to mention the financial misery that brought us to our knees on several occasions when we thought we might lose everything. It’s kind of hard to imagine what we have, knowing what it took to get here. Here’s our dilemma: The farm is our…

By Ella Cao and Mei Mei Chu BEIJING, March 20 (Reuters) – China’s soybean imports from the United States jumped 84.1% in the first two months of 2025 compared with a year ago, but competitive pricing and a trade standoff with the U.S. is expected to boost purchases from Brazil in the months ahead. As the world’s top buyer of soybeans, China brought in 9.13 million metric tons of the oilseed from the U.S. in January-February, up from 4.96 million tons in 2024. “The rise in U.S. soybean imports is mainly due to the Trump effect, where concerns about higher tariffs led to a rush in purchasing,” Rosa Wang, analyst at Shanghai-based agro-consultancy JCI,…

By Ryan Hanrahan Newsweek’s Jasmine Laws reported Tuesday that wholesale “egg prices in the U.S. have fallen to $3.45 per dozen, reaching their lowest level in nearly five months, following a period of price volatility fueled by supply chain issues, bird flu outbreaks, and fluctuating consumer demand.” “Egg prices have experienced extreme fluctuations over the past year. On March 3, wholesale egg prices reached a record $8.17 per dozen, according to data from the U.S. Department of Agriculture (USDA). The spike was attributed to tight supplies and seasonal demand,” Laws reported. “Since then, prices have declined more than 57% to…

PTx Trimble and Trimble have announced the new Trimble IonoGuard for precision agriculture.  The IonoGuard is engineered to enhance RTK GNSS signal tracking and hardware positioning performance by maintaining signal integrity during challenging ionospheric conditions. IonoGuard is available now on the PTx Trimble NAV-900 guidance controller via the latest PTx Trimble Precision-IQ firmware release. Ionospheric Disturbances Solar activity can cause Ionospheric disturbances such as scintillation and signal noise that can result in unreliable positioning. High-precision RTK GNSS users, especially in equatorial regions, are impacted by solar activity year-round, inflicting costly interruptions on agricultural operations.  Every 11 years, at the height…

The Lowering Egg Prices Act was introduced in the House on March 19 by Rep. Josh Riley (D-N.Y.), alongside Reps. Dusty Johnson (R-S.D.), Pat Harrigan (R-N.C.), and Kristen McDonald Rivet (D-Mich.). The bipartisan bill aims to reduce grocery costs by overturning a federal regulation that forces farmers to discard nearly 400 million eggs annually. Current regulations require eggs to be refrigerated within 36 hours of being laid, regardless of whether they are table eggs, which are sold raw, or breaker eggs, which are pasteurized and used in processed foods like cake mix and pasta. The bill seeks to amend this…

The U.S. Department of Agriculture announced this week that it will reinstate the July Cattle and County Estimates for Crops and Livestock reports after cutting them last year due to budget constraints, despite concerns about reduced market transparency. The reinstatement will apply to the 2024 season for row crops — including corn, cotton, peanuts, rice, sorghum, and soybeans — and the 2025 season for small grains such as barley, oats, and wheat. The July Cattle report will be released on July 25, while NASS County Estimates will be staggered throughout May: May 6: Corn, sorghum, and soybean yields May 12:…

A proposal from the U.S. Trade Representative to impose new fees on ocean carriers with ties to China could take a major toll on America’s farmers and ranchers. Two-thirds of all agriculture exports by volume are shipped overseas, and the cost of transporting them to international trading partners could increase dramatically. In an effort to address China’s dominance in global shipbuilding and logistics, the Trump administration has proposed a series of fees targeting Chinese-operated vessels and Chinese-built vessels that access American ports. Individual fees would go as high as $1.5 million per port call. American Farm Bureau Federation economists analyzed…