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14 May 2021
OMAHA (DTN) -- The board of directors for Kansas City Southern railroad on Thursday switched tracks and chose to accept the purchase offer from Canadian National Railway, concluding that company's bid is superior to that of Canadian Pacific Railway. Canadian National's (CN) bid for Kansas City Southern (KCS) tops $33.6 billion compared to the Canad...
13 May 2021
OMAHA (DTN) -- USDA has not announced exactly when the Farm Service Agency will pay off loans for socially disadvantaged (SDA) farmers, but farmers who are eligible for loan repayment should be receiving a letter in the coming days notifying them their loans are eligible for repayment under the program. Dewayne Goldmon, a senior adviser on racial e...
12 May 2021
While the May USDA World Agricultural Supply and Demand Estimates (WASDE) report featured little earth-shattering news for soybeans, it was new-crop December corn futures that reacted in a dramatically bearish fashion after new-crop stocks and demand estimates were more bearish than traders had anticipated. Overall, the crop report was fairly neutr...
12 May 2021
OMAHA (DTN) -- Retail fertilizer prices continued to push higher the first week of May 2021, according to sellers surveyed by DTN. Like last week, all eight of the major fertilizers were higher compared to a month earlier. Unlike recent weeks, a couple fertilizers were significantly higher, which DTN designates as 5% or more. Both UAN28 and UAN32 w...
12 May 2021
ANKENY, Iowa (DTN) -- Construction is underway on a $270 million soybean processing facility near Shell Rock, Iowa, slated to open in late 2022. For Rick Juchems and other area farmers, the plant can't open fast enough. Mid-Iowa Cooperative based in Beaman, Iowa, in partnership with local and national investors, is building Shell Rock Soy Processin...