According to the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report for May 2012 released Thursday, May 10, grain production for 2012/13 is expected to reach a record 20.24 billion bushels of corn, wheat and soybeans. Soybean supplies, however, will remain tight.
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U.S. soybean stockpiles are poised to drop to the lowest relative to consumption since at least 1965 after the worst drought in five decades decimated crops across South America, driving China to buy more from Midwest farmers, Bloomberg News reports.
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CHICAGO — When it comes to rail traffic, Chicago is America’s speed bump. A feature story in The New York Times May 7 documented the delays, difficulties and lack of coordination of railroads in the past when they hit the Windy City, and how efforts are underway to attempt to ease the congestion.
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St. Paul, MN—CHS Inc., St. Paul, Minn.; and Zen-Noh, Tokyo, Japan, two of the world's leading farmer-owned cooperatives, announced May 7 CHS has acquired 51 percent of CZL Ltd., a joint venture company that will supply commodities, primarily wheat and barley, to Japan.
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TORONTO, ON -- SunOpta Inc. ("SunOpta" or "the Company") (Nasdaq:STKL) (TSX:SOY), a global company focused on natural, organic and specialty foods, announced May 8 financial record quarterly results for the quarter ended March 31, 2012.
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Marubeni Corp is in advanced talks to buy U.S. grain and energy trader Gavilon for about $5.2 billion including debt, Reuters news service reported May 8, citing a source close to the deal.
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