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Tom Vilsack: Cuba deal a boon for U.S. farmers

U.S. Agriculture Secretary Tom Vilsack said reforms announced Wednesday by President Barack Obama will make it make easier for U.S. exporters to sell U.S. farm products to Cuba.

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Ag markets posted divergent performance Friday

Corn traders seem to be balancing positions before the weekend. Despite firm equity markets and a more stable currency situation, as well as more evidence of Russian government moves to curtail its wheat exports, the crop markets turned decidedly lower Thursday night. Corn futures followed wheat downward, but firmed later in the day when a private forecaster predicted reduced 2015 plantings. March corn futures closed 0.5 cent lower at $4.105/bushel Friday, while July skidded 0.25 to $4.26.

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AGCO announces updates to AgCommand

AGCO Corporation announced several feature updates to its AgCommand telemetry system, including key reports, mobile app enhancements and a new look and feel.

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Commodity markets moved mostly lower Friday morning

Corn traders seem to be taking profits before the weekend. Despite continued equity market strength and a more stable currency situation, as well as more evidence of Russian government moves to curtail its wheat exports, the crop markets have turned decidedly lower night. Corn futures followed wheat downward, thereby seeming to reflect bullish profit-taking and farmer selling in the wake of this week’s gains. March corn futures dipped 2.25 cents to $4.0875/bushel late Friday morning, while July lost 2.5 to $4.2375.

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Expectations of Syngenta settling Viptera lawsuits

Syngenta is not ready to comment officially about settling lawsuits related to the marketing of Agrisure Viptera seed, which resulted in China rejecting U.S. corn shipments, but there is speculation that settlements might happen if China follows through with importing such corn in the near future. Yet law firms have announced they are expanding class-action lawsuits against Syngenta to include farmers in more states.

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