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Todd's Take

20 Nov 2020
As recently as early August, the U.S. soybean crop was sporting a 74% good-to-excellent crop rating, the highest in at least 10 years. USDA was estimating U.S. ending stocks at a comfortable 610 million bushels (mb) -- a surplus that pointed to a cash price target of $8.50 a bushel, based on historical trades. Frankly, many of us were relieved at t...

Aid Funds Went to Fake Farms

20 Nov 2020
OMAHA (DTN) -- As the Small Business Administration was pumping out hundreds of billions of dollars in aid over the summer, the owners of some suburban homes around Cleveland, Ohio, registered as many as 72 "farm" companies to receive as much as $7.2 million in emergency grants and loans. The loans and grants to paper businesses that did not exist ...

Enlist Duo Survives Appeal

20 Nov 2020
ROCKVILLE, Md. (DTN) -- Enlist Duo's registration has survived another legal challenge, after the U.S. Court of Appeals for the Ninth Circuit declined to reevaluate part of its earlier ruling upholding the herbicide's registration. In that first ruling in July 2020, a panel of three Ninth Circuit judges ruled in a 2-1 judgement that the herbicide, ...

Kub's Den

19 Nov 2020
I've been thinking a lot about soybeans lately, and I'm not the only one. Participation in the soybean futures market surged to an all-time high of 1,049,850 contracts (total open interest) on Oct. 21. Traders have taken some profits and pared their positions since then, but total open interest in the soybean market remains at the 95th percentile o...

Ag Lobbyists Eye Future With Biden

19 Nov 2020
OMAHA (DTN) -- Agriculture lobbyists are trying to get a handle on where federal policy on agriculture, trade and environmental issues will land with the incoming administration of President-elect Joe Biden and new members of Congress. Who will lead EPA and what might it mean for pesticides and water regulations, and the Renewable Fuel Standard? Wh...
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