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10 Jul 2018
OMAHA (DTN) -- The U.S. Census Bureau said Friday that U.S. exports of goods and services totaled $215.3 billion in May, up $4.1 billion from April. Imports totaled $258.4 billion, up $1.1 billion on the month. The resulting trade deficit of $43.1 billion for May was down $3.0 billion from April's revised total. USDA later provided more details fo...
10 Jul 2018
By Russ QuinnDTN Staff Reporter OMAHA (DTN) -- In a growing season where some regions of the Western Corn Belt have seen too much moisture, other areas have seen very little of it. From east-central Kansas into north-central Missouri, scant amounts of precipitation have led to crops withering in the field, leaving livestock with little to eat or dr...
10 Jul 2018
By Todd NeeleyDTN Staff Reporter OMAHA (DTN) -- A rise in ethanol prices and a drop in corn prices since the end of May helped boost the net margin for DTN's hypothetical 50-million-gallon ethanol plant in South Dakota. As of July 6, Neeley Biofuels was reporting a net loss of 9.4 cents per gallon of ethanol produced. When not accounting for debt s...
9 Jul 2018
By Todd HultmanDTN Analyst Once again I find myself putting together a column on the evening before significant news is expected, and as expected, the U.S. did increase tariffs on China by $34 billion early Friday, and China did respond with a $34 billion list of their own, including a 25% tariff against U.S. soybeans. China's soybean tariff was or...
9 Jul 2018
By Katie DehlingerDTN Farm Business Editor MOUNT JULIET, Tenn. (DTN) -- Soybeans represent 41% of the value of U.S. products on China's retaliatory tariff list, and for South Dakota farmer Brandon Wipf, the financial toll adds up fast. "You're probably looking at over $100 an acre in loss," he told DTN. "We have to do some thinking about purchases...