Several years ago, a study produced by Iowa State University’s Center for Agricultural and Rural Development found that, between 2000 and 2010, the benefits of ethanol included reducing U.S. wholesale gasoline prices by nearly 28 cents per gallon nationwide....More
In a letter to the chairman of the Commodity Futures Trading Commission, the National Corn Growers Association has requested a 30-day public comment period before the grain traders are allowed 22-hour-per-day electronic trading of grain and oilseed futures contracts....More
A looming grape shortage and growing demand for California wines have driven grape prices higher, with some grape prices doubling in the span of a year. And wineries that were hit hard by the recession are exploring alternative ways to maintain lower prices for consumers, even while their production costs are rising....More
USDA’s May 10 projections for old and new crop cotton would have to be considered bearish as ending stocks are unchanged for old crop and prospects are for increased stocks for both the U.S. and the world in new crop....More
Senate Agriculture Committee leadership has applauded MF Global Trustee Louis Freeh for dropping any possible plan to pay bonuses to MF Global executives. MF Global's bankruptcy last year, the eighth largest in U.S. history, resulted in a loss of as much as $1.6 billion of the firm's customer’s money....More
A new project under way along the Gulf Coast of Mexico could reap windfall gains for U.S. farmers and agribusinesses, according to the U.S. Grains Council....More
A study from Purdue and Stanford university researchers predicts that future climate scenarios may cause significantly greater volatility in corn prices, which would be intensified by the federal biofuels mandate....More
