April 29, 2018

Apr 29 | WILLAg Newsletter

  • Argentine Grain Terminal Accident Sends Soybean Prices Higher
  • Commodity Week and The Closing Market Report
  • USDA Data Users Group Meeting
  • Yield Implications of Delayed Corn Planting
  • A Corn Price Conversation with Todd Hubbs
  • Illinois Agronomy Handbook Spring Nitrogen Recommendations
  • President Trump Talks Farmers in Michigan

Argentine Grain Terminal Accident Sends Soybean Prices Higher

The price of soybeans and bean meal jumped Friday as news continues to filter in from the April 24 grain terminal port accident in Argentina. The Chinese flagged Ocean Treasure, a bulk agricultural commodities carrier, struck and heavily damaged a pier at Puerto General San Martín north of Rosario on the Paraná River.



Ocean Treasure was preparing to load up to 24,000 tons of corn and a total of 27,000 tons of soymeal, according to shipping agency data.

The incident occurred at the north dock of Terminal 6. It is grain and liquid bulk facility on the Paraná River. Video of the incident shows the collapse of a fixed conveyor belt and loading equipment after impact. Guillermo Wade, the manager of Argentina’s Chamber of Port and Maritime Activity, told Reuters that one worker suffered minor injuries. He reported that T6’s north dock sustained serious damage, but the south dock remains operational.

Bunge Grain Terminal Puerto General San Martín


Terminal 6 S.A., a joint venture of AGD and Bunge, loads out over 10 million tons of grains, protein meal, vegetable oil and biodiesel per year.

It is unclear how long repairs will take, but estimates range up to a full year.
 



Apr 26 | Commodity Week



Panelists
- Aaron Curtis, MIDCO
- Ellen Dearden, AgReview
- Brian Hoops, Midwest Market Solutions
- Mike Zuzolo, Global Commodity Analytics & Consulting



Closing Market Report

Be sure to listen to our daily Closing Market Report on WILL AM580 & the Farmweek Now radio network at 2:06pm each business day of the year. It is posted to WILLAg.org by about 3pm central time each day, too. Here’s a playlist of last week’s programs.



USDA Data Users Group Meeting

USDA annually checks in with those that use the production agriculture data it gathers. Todd Gleason has more on the reasons why from the Data Users Group meeting in Chicago.



Yield Implications of Delayed Corn Planting



A Corn Price Conversation with Todd Hubbs

The lateness of the planting season coupled with smaller acreage has put a fundamental lift into the corn market. Todd Gleason talks with the University of Illinois commodity markets specialist about what it might mean for prices.



Illinois Agronomy Handbook Spring Nitrogen Recommendations
follow @commodityweek on twitter or just check out the webpage

 



President Trump Talks Farmers in Michigan

President Donald Trump made a speech Saturday in Washington, Michigan. Thirty-seven minutes into the speech he talked about farmers, trade with China & Japan, the guest worker immigration program, cattle, wheat, and NAFTA. You may watch the whole speech here, but it is set to start at the 37-minute mark with the trade and farm issues.


July 06, 2016

This weather segment discontinued.

This weather segment has been discontinued. If you have questions or concerns please call Todd Gleason (217) 333-9697. 


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