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ADM and Farmers Business Network(R) Launch Gradable Joint Venture
ADM and Farmers Business Network(R) Launch Gradable Joint Venture to Accelerate Adoption of Regenerative and Sustainable Ag Practices
Expansion of the technology platform will support farmers and buyers in meeting rising demand for sustainable farm products
Farmers Business Network and ADM today announced that they have launched a joint venture, Gradable, creating a new company to expand the Gradable technology platform and enable more farmers and buyers to confidently pursue and derive value from grain produced using sustainable and regenerative practices.
First introduced in 2020, the Gradable platform tracks...
Initial Progress Reports Show Corn Plantings 2% Underway
Corn plantings for the week ending March 31 were 2% underway when averaging the 18 primary corn production states. This is slightly above the 5-year average by this time last year and is even with this week last year.
Texas is ahead of schedule, with 57% of its corn crop in the ground, compared to the 5-year average of 53%.
Plantings in Kansas, Kentucky, Missouri, and Tennessee are each 2% underway. Meanwhile, 12 of the 18 primary production states have reported zero progress in plantings so far this year...
Scoular Expands Footprint in Kansas with Purchase of Three Grain Facilities
Scoular, an agribusiness that buys, sells, stores, handles and processes grain and ingredients, recently announced that it has acquired three grain handling facilities in central Kansas.
The facilities were purchased from Skyland Grain and will allow the company to more than double its storage capacity in the region. The acquisition will complement Scoular's shuttle-loading facility in Pratt, which the company has operated for more than a decade.
Scoular will handle corn, wheat, soybeans, milo, and canola at the three newly acquired grain facilities. The grain...
Corn Harvest 88%, Soybeans 95% Complete in Latest Crop Progress Report
In the latest Crop Progress report, the USDA shows 88% of corn is now harvested, up from 81% the week prior and two percentage points ahead of the 5-year average.
Nearby corn futures contracts are fractionally higher in early Tuesday trading following yesterday's rally. December corn was last trading nearly flat at $4.77 ½ per bushel.
The soybean harvest is nearly complete at 95%, up from the previous week's figure of 91%. The five-year average rate is also 91%...
Corn Harvest Up to 81% Complete, Soybeans Near Completion
The corn harvest has reached 81% completion as of Sunday, November 5. This compares to the 5-year average of 77% at this time.
Most of the corn harvest typically wraps up in late November, though some states harvest well into December.
December corn is currently trading at $4.74 ¼ per bushel, down 3 cents. Traders and industry participants await Thursday’s USDA WASDE report, scheduled for release at 12:00 pm EST.
The soybean harvest is 5 points ahead of the 5-year average rate at 91% completion. Louisiana reports...
Latest Crop Progress Shows Corn Harvest 71%, Soybeans 85% Complete
In the latest Crop Progress report, the USDA shows 71% of corn is now harvested, up from 59% the week prior and surpassing the 5-year average figure by five percentage points.
Nearby corn futures contracts are fractionally higher in early Tuesday trading.
85% of the soybean harvest is complete, up from the previous week's figure of 76%. This is two points behind year-ago progress but is seven points ahead of the 5-year average.
January soybeans were last trading 3 ½ cents higher at $13.11 a bushel...
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