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RECENT NEWS
26 Apr 2021
On April 20, Canadian National Railway (CN) said in a press release it has "made a superior proposal to combine with Kansas City Southern (KCS) in a cash-and-stock transaction valued at $33.7 billion, or $325 per share." Prior to that offer, on March 21, 2021, Canadian Pacific Railway (CP) and KCS entered into a merger agreement, valued at $25 bill...
26 Apr 2021
OMAHA (DTN) -- The old adage is true: It's all about location, location, location. When it comes to forage production in the 2021 growing season, it really depends on where the crop is located. The forage outlook for much of the Southern Plains and Northern Plains is cloudy as these regions are in varying designations of drought, which could limit ...
23 Apr 2021
MT. JULIET, Tenn. (DTN) -- The DTN National Soybean Index, a measure of cash soybean prices, spiked to $15.13 cents as of Thursday night, the highest level since July 2013. The index hit its all-time high of $17.48 during the drought of 2012. The national average soybean basis, which is 21 cents below the May futures contract, is also the strongest...
23 Apr 2021
ROCKVILLE, Md. (DTN) -- Some agricultural chemicals such as herbicides and fungicides are in tight supply this spring as shipping backlogs and pandemic-related delays have run headlong into higher demand from increased row-crop acres this year. Farmers from Arkansas, Colorado, Kansas, Maryland, Michigan, Missouri, Nebraska, Ohio and Oklahoma told D...
23 Apr 2021
Wonders never cease. On Tuesday, May corn closed above $6.00, the first time for a spot contract since 2013. By Thursday, May corn was at $6.50 1/2, held back by Thursday's 25-cent price limit. Even more amazing, it wasn't just the futures price -- cash corn bids at $6 or higher are rapidly blanketing the Midwest. It was one thing to see $6 bids in...