Karl's Feed
Nov 26, 2013

Mississippi River still shut after fuel spill; few boats delayed

Nov 26 (Reuters) – The Mississippi River remained closed to
navigation along an eight-mile stretch near Le Claire, Iowa, on
Tuesday after a boat containing up to 100,000 gallons of diesel
fuel and lube oil struck a submerged object and sank late on
Monday, the U.S. Coast Guard said.

One northbound towboat with no barges and two southbound tow
boats pushing a total of 25 barges were waiting at midmorning on
Thursday to pass through the closed section from river mile
marker 493 to 501, about 15 miles upriver from Davenport.

Nov 20, 2013

Corn, soybeans ease on profit-taking, big U.S. harvest

CHICAGO, Nov 20 (Reuters) – U.S. corn and soybean futures
drifted lower on Wednesday amid light profit-taking and
technical selling, weighed down by ample supplies from a massive
U.S. harvest.

The announcement of a large soft red winter wheat sale to
Egypt briefly lifted wheat futures, but prices later retreated
on a lack of follow-though buying.

Nov 19, 2013

China rejects US corn cargo due to unapproved GMO variety -trade

BEIJING/CHICAGO, Nov 19 (Reuters) – China, one of the
world’s largest corn importers, has rejected a cargo of the
grain from the United States as it contained a genetically
modified variety that has not been approved by Beijing, traders
said.

The discovery of Syngenta AG’s Agrisure Viptera
corn in the shipment dragged on global prices and unnerved some
Chinese buyers as it raised the spectre of other rejections.

Nov 18, 2013

China rejects U.S. corn cargo for unapproved GMO variety -source

Nov 18 (Reuters) – China rejected a cargo of U.S. corn
because it contained a genetically modified variety that is not
approved for import, a trade source said on Monday.

The shipment contained Syngenta AG’s Agrisure
Viptera corn, also known as MIR 162, the source said.

Oct 25, 2013

Shipping record U.S. corn crop burdens railroads, barge lines

CHICAGO (Reuters) – Harvesting the largest U.S. corn crop on record and transporting it on railroads and rivers to markets here and abroad is driving up costs for rail cars, barges and trucks in the world’s top crop producer and exporter.

After three years of crop shortfalls that left grain supply pipelines all but empty by late summer, the U.S. grain handling system is now tasked with quickly absorbing a huge corn crop – projected at a record 13.8 billion bushels, around half of which is already harvested.

Oct 4, 2013

Gold slips on firm U.S. dollar; copper, oil rise

CHICAGO, Oct 4 (Reuters) – Commodities markets were mixed on
Friday as copper rose 1 percent in a technical bounce and gold
slipped on a firmer U.S. dollar, despite concerns that deeply
divided lawmakers in Washington were far from reaching a budget
deal.

Oil prices edged higher as Tropical Storm Karen shuttered
half of offshore production in the Gulf of Mexico, but the U.S.
political stalemate stoked worries about demand in the world’s
largest oil consumer and trimmed gains.

Oct 1, 2013

After years of crop crises, U.S. harvest may signal new era of plenty

Oct 1 (Reuters) – For much of the past six years, the global
grain markets have lurched from one crop crisis to the next,
keeping inventories low and food prices high.

Now, as harvest machines across the U.S. Midwest prepare to
reap the nation’s biggest corn crop in history, a sea change
seems imminent, one that could transform the market. No longer
will a constant a fear of scarcity drive prices. Instead,
traders will be battling for market share instead of scrambling
for supplies.

Sep 30, 2013

ADM Investor Services fined $425K for commingling customer funds

CHICAGO (Reuters) – The U.S. Commodity Futures Trading Commission fined futures brokerage ADM Investor Services Inc $425,000 for commingling customer funds with funds from its non-customer accounts, the top U.S. derivatives regulator said Monday in a release.

As a futures commission merchant, ADM Investor Services, which is a fully owned subsidiary of U.S. agribusiness giant Archer Daniels Midland, is required to keep customer funds segregated from other accounts per Section 4d(a)(2) of the Commodity Exchange Act.

Sep 30, 2013

After years of crop crises, U.S. harvest beckons new era of plenty…almost

Sept 30 (Reuters) – For much of the past six years, the
global grain markets have lurched from one crop crisis to the
next, keeping inventories low and food prices high.

Now, as harvest machines across the U.S. Midwest prepare to
reap the nation’s biggest corn crop in history, a sea change
seems imminent, one that could transform the market. No longer
will a constant a fear of scarcity drive prices. Instead,
traders be battling for market share instead of scrambling for
supplies.

Sep 16, 2013

Chinese importers sign deals to buy $2.8 billion of U.S. soybeans

DAVENPORT, Iowa, Sept 16 (Reuters) – Chinese companies
signed agreements with U.S. agricultural exporters on Monday to
buy 4.83 million tonnes of U.S. soybeans valued at about $2.8
billion.

At a ceremony hosted by the U.S. Soybean Export Council,
officials from Chinese companies including COFCO, Sinograin, and
Chinatex signed 13 separate agreements with representatives from
Archer Daniels Midland, Bunge, Columbia Grain and
others.