USDA December WASDE Report

The big news for markets today circulates around the USDA December report that came out at 7:30 a.m. this morning.

For U.S. Carryover Numbers:
• Corn:
Unchanged, sitting at 647 million bu (Nov projection at 647 million)
Beans: 130 million bu, down from Nov projection of 140 million
• Wheat: 745 million bu, up from Nov projection of 704 million bu
• Cotton: 5.4 million bales, down from Nov projection of 5.8 million 

Farmer Style

You may remember the Peterson Brothers (Greg, 21; Nathan, 18; and Kendall, 15 from Saline County, Kan.) when they became a viral hit with their version of "I'm Sexy and I Know It" revised to "I'm Farming and I Grow It" back in July 2012.

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Novozymes Acquires Natural Industries, Inc.

In a press release on November 28th, Novozymes, the world leader in bioinnovation, revealed it has signed a definitive agreement to acquire Natural Industries Inc. based in Houston, USA. Natural Industries Inc. is a bioagricultural player with annual revenues of $5 million.

This acquisition expands Novozymes’ position in key high-value markets for sustainable bioagriculture solutions.

Record-High Farm Income Despite Drought

(News release provided by Jeff Wilson and Elizabeth Campbell) -- Even after the worst drought in a half century shriveled crops from Ohio to Nebraska, U.S. farmers are having their most-profitable year ever because of record- high prices and insurance claims.

Sioux Falls Biodiesel Facility Grand Opening

America’s only advanced biofuel is now available year-round in southwestern Minnesota, eastern South Dakota and northwest Iowa. The South Dakota Soybean Research and Promotion Council, Minnesota Soybean Research and Promotion Council, Harms Oil Company, National Biodiesel Foundation and Clean Cities have partnered to expand the availability of biodiesel in the region. Previously, biodiesel was only offered for seasonal blending.

MN Farmer Matt Lantz Discusses Efficiency

Minnesota farmer Matt Lantz of Lake Crystal! He talks about how being more efficient gives him more time.

What's Your Optimum® AcreMax® Xtra Story? Matt Lantz, Lake Crystal, MN, explains how this new integrated refuge technology from DuPont Pioneer simplifies corn planting. Being more efficient gives him more time, and free time is valuable!

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Ag-Related Ballot Initiatives

With the 2012 election wrapping up, it was imperative to also look at amendments and ballot initiatives that could have influenced ag policy and practices.

Proposition 37
Voters in California and North Dakota rejected two ballot initiatives that were opposed by agriculture groups. Californians rejected Proposition 37, that would have mandated genetically modified foods (GM) to be labeled as such.

Biodiesel Boosts Performance

In a sport where horsepower is everything, it is no surprise that higher biodiesel blends that boost engine performance have grabbed the attention of tractor pulling enthusiasts. Biodiesel has a higher cetane rating than petroleum diesel, plus it adds lubricity, two key factors in power, performance and engine life.

During competition this summer at the Rice County Fair, all of the Super Farm Class tractor pullers of the United Pullers of Minnesota (UPM) ran B100 to test its performance.

Novozymes and Syngenta enter global commercial agreement

COPENHAGEN, DENMARK – OCT. 26, 2012 – Novozymes, the world leader in bioinnovation, and Syngenta, one of the world’s leading agricultural companies, today announced an exclusive global marketing and distribution agreement on the microbial-based biofungicide Taegro®, a natural solution with multiple modes of action used to combat fungal diseases across various crops. The two companies will join forces to bring Novozymes’ Taegro to farmers worldwide through Syngenta’s global organization.

Holy Cow - Cow Power?

Converting livestock manure into methane has been identified as a potential way to decrease manure pollution, generate renewable energy, and reduce GHG emissions, but a dearth of information exists on the economic feasibility and sustainability of converting animal manure into methane and other marketable energy products, like electricity.