Michael's Feed
Jan 27, 2014

U.S. soymeal shipments surge amid Argentina peso plunge

Jan 24 (Reuters) – U.S. exporters shipped the most soymeal
in nearly 16 years last week as farmers in Argentina, the top
exporter of the animal feed, hoarded soybeans amid a plunging
peso, analysts said on Friday.

The U.S. exporters loaded out 398,591 tonnes of soymeal,
primarily to Asian destinations such as South Korea, Thailand
and the Philippines. That was the biggest weekly shipment since
April 1998, when exporters loaded 433,498 tonnes, according to
U.S. Agriculture Department data.

Jan 24, 2014

U.S. soymeal shipments hit record amid Argentina peso plunge

Jan 24 (Reuters) – U.S. exporters shipped a record amount of
soymeal last week as farmers in Argentina, the top exporter of
the animal feed, hoarded soybeans amid a plunging peso, analysts
said on Friday.

The U.S. exporters loaded out 398,591 tonnes of soymeal,
primarily to Asian destinations such as South Korea, Thailand
and the Philippines. That was the biggest weekly shipment based
on records dating back to 1990, according to U.S. Agriculture
Department data released on Friday.

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

U.S. ‘select’ beef price hits record as storms slow shipments

CHICAGO, Jan 8 (Reuters) – Prices for select-grade U.S.
wholesale beef hit a record-high on Wednesday for the fourth
straight day, as shipments of the meat slowed after a historic
winter storm in the United States prompted a surge in live
cattle prices, analysts said.

Higher-quality “choice” beef prices also climbed, rising to
the loftiest levels since hitting an all-time high in May, 2013,
U.S. Agriculture Department data showed.

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 2, 2014

Bunge ethanol plant sale reflects doubt over EPA mandate

Jan 2 (Reuters) – Bunge North America Inc, a division of
Bunge Ltd, has sold its stake in a Mississippi ethanol
plant in what is likely to be the first a spate of industry
deals amid uncertainty over biofuel use in the United States,
analysts said on Thursday.

Ethanol makers are turning big profits now, but the future
is cloudy with the U.S. Environmental Protection agency expected
early this year to reduce the mandate to mix biofuels with
gasoline in what would be the first cut in the 2007 Renewable
Fuel Standard, or RFS.

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 11, 2013

US ethanol profit margins hit records even as biofuels cut looms

CHICAGO, Dec 11 (Reuters) – U.S. ethanol markers are seeing
their best profit margins in more than five years on strong
demand for the biofuel and cheap corn despite a looming
reduction to the federal biofuels program, analysts and traders
said on Wednesday.

The price of corn, the main feedstock used to produced
ethanol in the United States, is hovering near a three-year low
while ethanol prices have been buoyed by demand to meet
the mandate requiring nearly every gallon of gasoline sold in
the country to be mixed with the grain-based fuel additive.

Nov 27, 2013

Analysis: High-ethanol gas – Not coming to a pump near you

CHICAGO (Reuters) – A month ago, Steve Walk was on the brink of deals to sell two big oil refiners some of his company’s specialized oil pumps, which serve up fuel that is 85 percent ethanol, a biofuel made mostly from corn.

Walk’s company, Protec Fuel, sells and installs the equipment needed to dispense so-called E85. The deals would have nearly doubled Protec’s business, he said. The number of stations across the United States dispensing E85, which is a rarity despite the growing use of biofuels, would have jumped by 10 percent.

Nov 27, 2013

High-ethanol gas: Not coming to a pump near you

CHICAGO, Nov 27 (Reuters) – A month ago, Steve Walk was on
the brink of deals to sell two big oil refiners some of his
company’s specialized oil pumps, which serve up fuel that is 85
percent ethanol, a biofuel made mostly from corn.

Walk’s company, Protec Fuel, sells and installs the
equipment needed to dispense so-called E85. The deals would have
nearly doubled Protec’s business, he said. The number of
stations across the United States dispensing E85, which is a
rarity despite the growing use of biofuels, would have jumped by
10 percent.