Weather Woes Could Push Corn to $7.25, Soybeans to $14.50
Corn prices could hit $7.25 per bushel in the 2011-2012 marketing year and soybean prices could climb to $14.50 per bushel on the Chicago Board of Trade due to production concerns in the U.S., according to the report by Morgan Stanley research analyst Hussein Allidina released Thursday. “We are growing incrementally more concerned over the state of the U.S. corn and soybean crops,” Allidina...
Read MoreWeekly Links 7-29
Emails warned corps about flood potential Des Moines Register The U.S. Army Corps of Engineers was warned from multiple sources early in the year that major flooding was likely on the Missouri River. Hungry bugs used to curb alien invaders The Daily Sentinel A creature smaller than a fruit fly is the latest insect being asked to help take on the giant task of noxious-weed control in western...
Read MorePolis Wants to Ban Potatoes
Colorado Farm Bureau is calling on Rep. Jared Polis to withdraw his support for new USDA school lunch standards that eliminate healthy vegetable choices for students, and increase meal costs for school districts. Rep. Polis on July 7, circulated a “Dear Colleague” letter to USDA voicing his support for the new standards which will severely limit potatoes, peas and corn in student diets. Under...
Read MoreBeef Shortage Means Hold on to the Cows
The quantity of beef available to consumers in the U.S. has declined a startling amount in recent years and that trend is going to continue, according to a blog post by Purdue University agricultural economist Chris Hurt. “The declining supplies are related to continuing liquidation of the cow herd in the past few years due to high feed prices, a weak U.S. dollar that is spurring beef exports...
Read MoreRural Post Offices to Close
The cash-strapped U.S. Postal Service unveiled a proposal Thursday to close 37,000 post offices across the country. Most of the post offices eyed for closure over the coming months are located in rural areas. Postal Service officials said the offices’ high operating costs and low revenue justify the closure. The Postal Service is expected to lose nearly $8.3 billion this fiscal year. The...
Read MoreLegislative Tracking 2013
