Canola is on Cloud Nine

Canola is on Cloud Nine

A small 2020 canola harvest combined with strong export demand has the canola market giving GameStop stock a run for its money. The March futures contract closed at $716/ton on January 27th, coming off a $75/ton rally and nearing a 12-year-high. Notably, canola...
ADM is Livin’ Large

ADM is Livin’ Large

Happy hour came early on Tuesday for Archer Daniels Midland with an epic 4th quarter earnings announcement.The U.S. agrigiant noted revenue jumping 10.1% to nearly $17.98 billion while profits soared +36%. A shaky 2020 ended on a high note for the company despite...
The Grain Bin Frenzy

The Grain Bin Frenzy

Grain bin manufacturers and contractors will be rolling up their sleeves for the foreseeable future.“On-farm storage demand is through the roof,” noted Nathan Luff, a Sukup/Brock dealer in Missouri. His take reflects industry vibes that demand this heavy hasn’t...
If Cargill had a to-do list…

If Cargill had a to-do list…

Cargill might need an extra shot of espresso in its morning brew to tackle its to-do list these days. But that comes with the territory when you’re one of the largest privately-held companies in the U.S.Lots of industry news has Cargill’s name floating into headlines....
Russia’s Wheat Complex

Russia’s Wheat Complex

Russia is scrambling to slow down rising food costs within its borders. Fueled by the combo of pandemic-related uncertainty and a drought-stricken wheat crop, Russia is grasping for anything to bring stability to its domestic food and grain markets. And last week, the...