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RECENT NEWS
23 Nov 2020
OMAHA (DTN) -- Smithfield Foods Inc. settled with a group of North Carolina plaintiffs who won in court on a nuisance lawsuit against hog farms, after a federal appeals court on Thursday upheld a verdict in the case. Early in 2018, juries in three separate trials in Raleigh, North Carolina, awarded punitive damages totaling more than $500 million t...
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...
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 ...
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, ...
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...