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Farmers across the Midwest have boosted crop sales as corn and soybean futures spiked after the U.S. Department of Agriculture slashed its 2024 harvest estimates on Friday, grain dealers in Iowa ...
Farmers whose crops are used to make food, feed livestock and produce vegetable oils are struggling to turn a profit after corn and soy prices sank to four-year lows in 2024.
The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
Two major price volatility crises in the early 21st century, during the 2007–2008 world food price crisis and 2022 food crises, have had major negative effects on grain prices globally. Climate change is expected to create major agricultural failures , that will continue to create volatile food price markets especially for bulk goods like grains.
In the early 1980s the Omaha-based company Scoular Grain was a growing agribusiness led by Nebraska grain industry executive Marshall Faith. Faith, along with several other investors, had acquired what was then Scoular-Bishop Grain Company in 1967 [5] and expanded its operations from three grain elevators to dozens of locations in multiple states, and was beginning to branch out beyond grain ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
On December 3, 2012, CME Group acquired the Kansas City Board of Trade, the dominant venue for the sale of hard red winter wheat, for $126 million in cash. [ 27 ] [ 28 ] On March 15, 2016, the firm announced the sale of its suburban Chicago data center in Aurora, IL to CyrusOne for $130 million, in a leaseback transaction.
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