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June has been a volatile month for soybean markets and commodity markets in general. As news broke how China planned to proceed with tariffs on U.S. agricultural products such as soybeans and orange juice, soybean prices tanked. During the trade on Tuesday, soybean prices dropped 40 cents. Its not solely China thats creating volatility in the markets. Last week, Commerce Secretary
A Sioux Falls-based company just gained the crown as the biggest producer in its industry. Poet, the biofuels maker, just topped long-time title holder Archer Daniels Midland Co. as the No. 1 biofuels producer in the world, according to a
Prairie farmers had an estimated 29 million tonnes of grain and oilseeds on their farms as of March 31, according to Statistics Canadas Stocks of Grain and Oilseeds report released May 11. Thats slightly higher than the five-year average of 28.4 million tonnes, according to historical StatsCan data. Its also the third highest amount of March-ending stocks on prairie farms over the past decade.
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