top of page

UA News and the Unconventional Ag event series are no longer being offered. You can continue to stay updated on the global ag, agtech, food, and food tech sectors through our other publications and events: Global AgInvesting conference series, AgInvesting Weekly, Agtech Intel NewsWomen in Agribusiness Summit, and Women in Agribusiness Today.  We are grateful for your past support, and look forward to staying connected with you through our range of media platforms.

NEWS.png

Bumper Crops to Lead to High Profits for Elevators – CoBank

New research from CoBank finds that bumper grain harvests this year coinciding with a combination of additional factors are indicating higher profits for U.S. elevator operators who saw depressed profits last year.

A combination of record corn, soybean, and sorghum volumes competing with already high volumes of wheat from earlier this year and futures markets that are prompting farmers to store crops on longer terms have raised the value of tight storage space across the Western Corn Belt and Southern Plains.

Additionally, a decline in shipments of crude oil and coal has resulted in increased grain shipping capacity along U.S. barge and rail lines while freight rates continue to fall despite high demand.

Meanwhile the U.S. Department of Agriculture (USDA) is predicting the highest wheat and corn ending stocks since the 1987/88 marketing year, leading to interior basis levels for the two grains to reach multi-year lows, enabling elevators to profit on basis appreciation of company-owned grain stocks.

NeverStop - 650x85.jpg
CPM Logo Image
LECO Ad Image
MOSOY-NovDecJan-1000 x825-02.png
UA News Subscribe Image

CONTRIBUTE

Contact Lynda Kiernan-Stone,

editor of Unconventional Ag News, to submit a story for consideration: 
lkiernan-stone@highquestgroup.com

bottom of page