CHICAGO (Reuters) – Kansas farmer Jerry McReynolds’ wheat fields have developed a full month early, which has him optimistic for a harvest that should yield better than last year’s drought-reduced crop.
Many farmers in Kansas and across southern U.S. Plains states of Texas and Oklahoma seeded their crop at the time of a devastating drought with little hope of a good crop but timely snow and rain brought the wheat back from the brink.
CHICAGO (Reuters) – Gasoline futures soared to a record premium over ethanol on Monday as gas prices topped $4 per gallon in some states while stocks of the biofuel were likely to continue swelling, analysts and traders said.
With retail gasoline in Chicago reportedly at a record high, April gasoline futures rose to $3.4175 per gallon at the New York Mercantile Exchange, just below the 10-month high set last week, as ideas of prolonged low interest rates propped up global oil prices.
CHICAGO (Reuters) – Ethan Cox is sowing corn on his 5,000-acre Illinois farm earlier than ever this year, betting that the premium he may collect for delivering an early crop is worth the risk of a damaging late-spring frost.
Lured into the fields by what is so far the warmest March since records began in 1871, Cox is toiling alongside dozens of farmers across the Midwest who have begun seeding what may be a record crop weeks earlier than usual, according to agronomists, farm managers and analysts who keep close tabs on farm activity.
Feb 6 (Reuters) – Archer Daniels Midland on
Monday said it will close its ethanol plant in Walhalla, North
Dakota, marking the first such closure for the agribusiness
giant that last month announced the elimination of 1,000 jobs.
The plant will permanently close in April, resulting in the
loss of 61 jobs. ADM will supply its customers with ethanol and
animal feed products from its six other ethanol plants in Iowa,
Illinois, Nebraska and Minnesota, company spokeswoman Jessie
(Reuters) – The Humane Society on Tuesday accused two pig-breeding facilities, one of which supplies retail giant Wal-Mart Stores Inc, of mistreating the animals by confining sows in cages during pregnancy.
In a video on the Humane Society website, sows can been seen chewing the metal bars of their cages and struggling to stand up. Some are scratched, bleeding and even dead.
CHENOA, Illinois (Reuters) – Farmer Brian Schaumburg has planted corn for five straight years in some of the thousands of acres he tends in central Illinois.
Farmers who eschew crop rotations that help to replenish the soil with nutrients take a risk that yields will decline. But corn prices soared to a record earlier this year, making so-called corn-on-corn crops a worthwhile bet for many farmers in Illinois, the No. 2 U.S. corn state after Iowa.
CHICAGO (Reuters) – North Dakota wheat farmer Terry Weckerly applied extra fertilizer to his wheat this summer to coax more protein out of the crop. Flour mills and grain elevators were paying near-record premiums for high-protein wheat and he wanted a slice of it.
The fertilizer worked too well. Weckerly and other spring wheat farmers are harvesting a crop with protein content of more than 15 percent. The protein-richest crop in five years has led to those high premiums evaporating.
CHICAGO (Reuters) – Corn futures rose to a one-week high on Thursday as the government downgraded the corn crop by 4 percent after record-high heat in July sapped yield potential in the prime Midwest growing region.
Soybeans also surged, posting their biggest daily bounce since May, after the Department of Agriculture also cut its soy crop forecast more than expected.
CHICAGO (Reuters) – Mouse ears in the mud. It seemed a fitting end to the 20th anniversary of Lollapalooza, the three-day music festival that started under warm, sunny skies but ended on Sunday night in a rainy dance party.
The Canadian progressive dance music artist deadmau5 — pronounced like “dead mouse” — was one of two headliners, along with the Foo Fighters, to close out of the event.
CHICAGO (Reuters) – Lollapalooza, the giant rock festival celebrating its 20th anniversary with three days of music starting on Friday in Chicago, is set to expand to its second South American event next year in Sao Paulo.
“If we can rub elbows with the Brazilians, who knows what Lollapalooza will be like. They have a long, storied history of partying,” said Perry Farrell, who founded the festival in 1991 as a farewell tour for his band, Jane’s Addiction.