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Greeley, CO - Mon Feb 06, 2017 - USDA-CO Dept of Ag Market News

CO/NE/WY Elevator Afternoon Grain Bids

   Cash grain bids to farmers delivered to country elevators for Corn,
Wheat and Soybeans per bushel; and Sorghum, Millet, and Sunflowers 
per cwt. as of 3:00 pm. Feb 06, 2017.

US 1 Hard Red Winter Wheat Ordinary Protein: mostly 5 lower.

                                                      Current    New Crop

Northcentral Colorado                          range 3.06-3.21
  Greeley                                                 3.18
  Bennett/Roggen/Byers                               3.06-3.21

Northeast Colorado                             range 2.84-3.35
  Fleming/Haxtun/Holyoke/Amherst/
     Julesburg/Paoli/Peetz                           2.97-3.35
  Yuma/Wray/Brush/Akron/Otis/Anton                   2.84-2.93

Eastcentral Colorado                           range 2.96-3.26
  Cheyenne Wells                                          3.26
  Limon/Seibert/Burlington/Genoa/Hugo/Arriba/ 
     Flagler/Bethune/Stratton                             2.96


Southeast Colorado                             range 2.86-3.26
  Lamar/Holly/Vilas/Campo/Wiley/Springfield

Southwest NE and Southeast WY                  range 2.85-3.30
  Venango/Chappell/Big Springs/Brule                 2.85-3.30
  Kimball/Pine Bluffs/Sidney/Brownson/Potter         2.96-3.00


US 2 Yellow Corn: mostly 1 lower.

Northcentral Colorado                          range 3.39-3.64
  Greeley/Eaton                                      3.62-3.64
  Roggen/Byers                                            3.39

Northeast Colorado                             range 3.04-3.35
  Fleming/Haxtun/Holyoke/Amherst/  
     Julesburg/Paoli/Peetz                           3.09-3.14
  Yuma/Wray/Brush/Otis/Anton                         3.04-3.35

Eastcentral Colorado                           range 2.94-3.17
  Cheyenne Wells                                          3.17
  Limon/Seibert/Burlington/Genoa/Hugo/Arriba/ 
     Flagler/Bethune/Stratton                             2.94

Southeast Colorado                             range 2.94-3.16 
  Lamar/Holly/Vilas/Campo/Wiley/Springfield

Southwest NE and Southeast WY                  range 3.09-3.24
  Venango/Chappell/Big Springs/Brule/                3.09-3.19
     Kimball/Pine Bluffs/Sidney/Potter               3.14-3.24


US 2 Yellow Sorghum: 1 to 5 lower.

Southeast Colorado                             range 4.27-4.63
  Lamar/Holly/Vilas/Campo/Wiley/Springfield


US 1 Yellow Soybeans: mostly 9 higher.

Southwest NE                                   range 9.09-9.20
  Venango/Chappell/Big Springs/Sidney/Potter


White Millet 

  Colorado/SW NE/SE WY                         range 5.00-6.00
                                               mostly     5.00

Sunflowers

  Colorado/SW NE/SE WY                        range 15.50-17.00

Des Moines, IA - Mon Feb 6, 2017 - IA Dept of Ag-USDA Market News

IA Dept. of Ag-USDA Market News Interior Iowa Daily Grain Prices

Closing cash grain bids offered to producers as of 1:30 p.m.
Dollars per bushel, delivered to Interior Iowa Country Elevators.


US 2 Yellow Corn Prices were mostly 1 cent lower for a state average of 3.25.

US 1 Yellow Soybean Prices were mostly 9 cents higher for a state average of 9.55.

       Iowa Regions         #2 Yellow Corn          #1 Yellow Soybeans
                           Range       Avg        Range          Avg
       Northwest        3.20 – 3.36   3.27       9.41 – 9.52    9.47
       North Central    3.22 – 3.29   3.24       9.53 – 9.58    9.54
       Northeast        3.20 – 3.34   3.28       9.53 – 9.77    9.64
       Southwest        3.08 – 3.23   3.19       9.34 – 9.53    9.47
       South Central    3.21 – 3.24   3.22       9.52 – 9.56    9.53
       Southeast        3.24 – 3.35   3.30       9.66 – 9.81    9.74


Corn basis to STATE AVERAGE PRICE for the CBOT MAR contract is -.39
Soybean basis to STATE AVERAGE PRICE for the CBOT MAR contract is -.81

This report was prepared by the Marketing Bureau, Iowa Department of 
Agriculture and Land Stewardship.

The ILSoyAdvisor.com Soybean Summits bring valuable management resources to farmers this winter. The first Soybean Summit event begins tomorrow, Feb. 3, in Effingham, Ill. at the Thelma Keller Convention Center. A second Soybean Summit event will be held on Feb. 16, at the Peoria Civic Center, in Peoria, Ill.

The agendas for each event are packed with valuable learning and networking opportunities, including a trade show enabling participants to visit and exchange ideas with producers, consultants and other industry leaders. Seating at each location is limited, so register online today at ilsoy.org/summit or call 888-826-4011.

In July 2016, with the American Soybean Association’s (ASA) support, Congress passed the National Bioengineered Food Disclosure Standard, which preempts a patchwork of state laws mandating labeling of food products containing Genetically Modified Organisms ( GMOs).

The law set a deadline for the U.S. Department of Agriculture (USDA) to release rules for complying with that law by July 29, 2018. USDA took steps toward implementing the law, and while a proposal for the rule was not expected until later this year, USDA was working to publish an Advance Notice of Proposed Rulemaking (ANPR) to pose questions to the public and stakeholders to get feedback on the best way to approach the labeling law. However, the ANPR was withdrawn under the Trump Administration along with other actions that were in process at the end of the Obama Administration. In addition, under a new executive order aimed at reducing regulations, USDA may need to find two other regulations to eliminate before it finalizes the rule in 2018.

It’s unclear how exactly the executive order will impact the implementation of the GMO labeling law and other rules required by statute, but more direction is expected after the anticipated confirmation of Sonny Perdue as Secretary of Agriculture.

 

ST. LOUIS (Dec. 13, 2016) – Market development, late-season surges and a record high for soy exports indicate a promising future for U.S. soybean farmers. According to the U.S. Census Bureau for the 2015/2016 marketing year, U.S. soybean farmers exported more than 2.37 billion bushels of U.S. soy and soy products, up 60 million bushels from last year.

The growth in U.S. soy exports can be attributed to a number of factors. Soy demand worldwide is growing, and U.S. soy’s reputation as a consistent, reliable supplier is positioning U.S. soybean farmers to capitalize on those markets. The soy checkoff is working in more than 70 countries around the world to ensure the advantages U.S. soy brings to the table are known by global buyers.

“Soy exports are critical to my bottom line,” says Derek Haigwood, soybean farmer from Newport, Arkansas, and director on both the United Soybean Board and U.S. Soybean Export Council. “Record-breaking harvest supplies need record-breaking export demand. As the soy supply increases, we’ll need to continue to develop these markets to increase farmer profitability.”

One area of particular growth is in the Asian subcontinent, often referred to as the Indian subcontinent in South Asia. While India’s strong domestic demand taps into their exports, it opens opportunities for U.S. soy in new markets like Bangladesh and Pakistan.

“U.S. soy is uniquely positioned to gain more market share in countries across the globe,” says Haigwood. “We have an abundant supply of sustainably grown soy that can be reliably shipped to customers at any time of the year.”

While many customers aren’t exclusive to U.S. soy, limited Brazilian supplies helped create a late-year surge for U.S. soy in existing markets, such as China, Mexico and Europe. U.S. soy’s year-round availability and continued growth in supplies help to create preference for U.S. soy and helps U.S. soybean farmers continue to meet buyers’ needs.

USB’s 73 farmer-directors work on behalf of all U.S. soybean farmers to achieve maximum value for their soy checkoff investments. These volunteers invest and leverage checkoff funds in programs and partnerships to drive soybean innovation beyond the bushel and increase preference for U.S. soy. That preference is based on U.S. soybean meal and oil quality and the sustainability of U.S. soybean farmers. As stipulated in the federal Soybean Promotion, Research and Consumer Information Act, the USDA Agricultural Marketing Service has oversight responsibilities for USB and the soy checkoff.

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