The American Seed Trade Association and the Biotechnology Industry Organization announced they have completed the first phase of an industry framework for addressing off-patent, single-trait seed biotechnology.
Recognizing the value biosynthetic oils could provide to farmers, the environment and the U.S. economy, Monsanto Company and Biosynthetic Technologies LLC announced license and supply agreements that expand the market opportunity for Vistive Gold soybean growers. Full story
Tessenderlo Kerley, Or-Cal settle patent infringements
Tessenderlo Kerley Inc. and Or-Cal Inc. announced the settlement of all patent infringement claims made by Tessenderlo Kerley against Or-Cal pertaining to Tessenderlo Kerley's Surround and Purshade brands of sunburn and heat stress protectants. Full story
CF Industries to expand Iowa, Louisiana plants
CF Industries Holdings Inc. announced that it will construct new ammonia and urea/UAN production units at its complex in Donaldsonville, La., and new ammonia and urea units at its complex in Port Neal, Iowa. Full story
SynTech Research acquires unit from Bayer
SynTech Research is acquiring Bayer CropScience's state-of-the-art U.S. ecotoxicology capability at the Bayer Research Park near Stilwell, Kan. Full story
Rentech Nitrogen to acquire Agrifos LLC
Rentech Inc. announced that its majority-owned subsidiary, Rentech Nitrogen Partners L.P., has entered into a definitive agreement with Agrifos Holdings Inc. to purchase all of the membership interests of Agrifos LLC, for an initial purchase price of $158 million. Full story
Cash rents rise in 2012 but should remain steady in 2013
USDA's National Agricultural Statistics Service has released the county-by-county breakdown of its 2012 survey of cash rents. As with most things this year, prices are up. Full story
Gavilon opens grain, fertilizer facility in South Dakota
Gavilon Liberty Grain LLC celebrated the grand opening of its Kimball, S.D., facility, which is the company's first high-speed grain and dry fertilizer shuttle facility in the state of South Dakota. Full story
By Doane Economist
Ethanol production for the week ending Oct. 26 came in at 825k bbl/day, up from 801k the previous week. This converts to an annualized production rate of 12.65 billion gallons. So far this year, ethanol production is running very close to the level implied by USDA’s corn for ethanol forecast at 4.5 billion gallons. Stock levels increased 2 percent from the previous week to 807 million gallons. Also, ethanol blending increased slightly from last week. However, ethanol plants are being shutdown so production levels will be under pressure. Imports for the week were 17.1 million gallons, up from 5.6 million the previous week.