Karl's Feed
Jan 8, 2014

US soy, corn premiums spike on winter shipping delays

CHICAGO, Jan 8 (Reuters) – Cash premiums for spot shipments
of corn and soybeans to processors around the U.S. Midwest rose
to four-month peaks on Wednesday as buyers scrambled for
supplies after stormy and frigid winter weather slowed
deliveries.

Basis bids for barge loads of soybeans delivered to export
elevators at the Gulf Coast also hit the highest levels since
September as ice clogged rivers in the central Midwest while
export demand for the oilseed remained strong.

Jan 8, 2014

Winter shipping delays send cash US soybean premiums to 4-mth peaks

CHICAGO, Jan 8 (Reuters) – Cash premiums for spot shipments
of soybeans to processors around the U.S. Midwest and export
elevators at the Gulf Coast rose to four-month peaks on
Wednesday as buyers scrambled for supplies amid a slowdown in
deliveries due to winter weather.

A bitter cold snap that sent temperatures to record or
near-record lows in the nation’s midsection early this week has
loosened its grip slightly, but shipping challenges remained.

Jan 6, 2014

Brutal cold slows U.S. farming and meat business

CHICAGO, Jan 6 (Reuters) – The coldest weather to hit the
central United States in two decades disrupted grain and
livestock shipments throughout the nation’s farm belt on Monday,
curbed meat production at several packing plants and threatened
to damage the dormant wheat crop.

The near-record cold followed a winter storm that dumped
more than a foot of snow in some areas over the weekend, closing
roads in northwest Indiana and preventing workers from reaching
pork plants, grain elevators and processing plants in the
northern half of the state, industry sources said.

Jan 3, 2014

Distillers grain prices slump as China rejections clog pipeline

CHICAGO, Jan 3 (Reuters) – The price of distillers’ dried
grain has slid 20 percent in a week as U.S. exporters shied away
from selling the corn-based feed grain to its top customer China
after Beijing rejected shipments containing an unapproved GMO
corn strain.

“Everyone is just nervous. If you load something no one
knows if someone is going to take it or not,” said Ryan
McClanahan, a Kansas City-based trader with Commodity
Specialists Co, which supplies DDGs to both domestic and export
markets.

Jan 2, 2014

Winter storm snarls U.S. Midwest grain, livestock movement

Jan 2 (Reuters) – A blast of winter weather disrupted grain
and livestock movement in parts of the U.S. Midwest on Thursday
as snowy roads slowed truck deliveries of hogs, corn and other
commodities and icy rivers impeded barge shipments of grain
bound for export markets.

Snow was falling on much of Illinois, Indiana and Ohio on
Thursday as the storm, which hit the farm belt over the New
Year’s holiday, veered toward the northeastern United States.

Dec 23, 2013

US corn flowing to China despite lack of deal on GMO strain

Dec 23 (Reuters) – U.S. exporters continue to ship corn to
China despite the failure of a trade mission to secure Beijing’s
approval for a genetically modified variety that has triggered
the rejection by China of nearly a third of all U.S. shipments
this season, government data on Monday showed.

China’s quarantine authority has turned away 545,000 tonnes
of U.S. corn in November and December because shipments
contained Syngenta AG’s MIR 162 corn, a GMO variety
that has been awaiting China’s approval for more than two years.

Dec 16, 2013

ABC News bid to toss “pink slime” case set for December 17

By Karl Plume

(Reuters) – The fate of a $1.2 billion lawsuit accusing ABC News of damaging a beef producer’s profits and reputation through its reports about a controversial product dubbed by critics as “pink slime” might be determined this week.

Oral arguments on whether Beef Products Inc of Dakota Dunes, South Dakota, should be able to pursue its case against ABC, a unit of Walt Disney Co, are set for December 17 before Judge Cheryle Gering in a state court in Elk Point, South Dakota.

Dec 12, 2013

U.S. traders fear rejection of corn byproduct by GMO-wary China

Dec 12 (Reuters) – China has already rejected three cargoes
of U.S. corn because of an unapproved GMO variety and now U.S.
exporters are concerned some shipments of dried distillers’
grains, a corn byproduct, may be rejected for the same reason,
trade sources said.

The concerns were tied to ideas China, the world’s leading
importer of commodities, will increase testing for MIR162, the
unapproved variety commonly known as Agrisure Viptera corn by
Syngenta AG.

Dec 9, 2013

U.S. farmers lose as bumper grain harvest overwhelms ships, trains

CHICAGO, Dec 9 (Reuters) – Bumper corn and soybean harvests
in the U.S. Midwest are stretching the system for moving crops
from fields to markets beyond its limits this year, driving up
export costs and crimping profits for farmers and grain dealers.

After years of drought, the bountiful harvests may have come
as a relief to America’s heartland if it were not for the severe
transportation bottlenecks that have developed.

Dec 3, 2013

Unapproved GMO strain puts more US corn cargoes to China at risk

CHICAGO, Dec 3 (Reuters) – Nearly 2 million tonnes of U.S.
corn heading to China face stringent testing for an unapproved
genetically modified (GMO) variety after several cargoes were
denied entry by state quarantine authorities, taking exporters
and grain traders by surprise.

Since mid-November, China, the third biggest customer of
U.S. corn, has turned away several cargoes and containers of
corn that tested positive for Syngenta AG’s Agrisure
Viptera as it has not been approved for import by China.