Market Journal reports from the Pacific coast to cover international agricultural trade.
Grain Markets – Roy Smith, farmer and grain marketing consultant, Plattsmouth, Nebraska, says the recent run in corn and soybean markets isn't unusual based on historical trends. He says it may be a good idea to set triggers for sales as we go into planting season.
International Ag Exports – In Washington, both the Port of Tacoma and the Port of Grays Harbor regularly ship agricultural commodities abroad. These ports, along with companies like AGP, Cargill and CHS, provide new international marketing opportunities for farmers in the Midwest. Market Journal–s Jeff Wilkerson reports on a recent –See For Yourself– tour, which showed Nebraska farmers their products beyond the bin. The Nebraska Soybean Board sponsored the tour.
Early Planting Hype – Charles Wortmann, University of Nebraska-Lincoln Extension soil fertility specialist, says seeds run the risk sitting in the soil without germinating for a long time if planted too early. If farmers do decide to plant early, Wortmann advises farmers to plant seeds deeper.
The Port of Grays Harbor – In Washington, the Port of Grays Harbor leads the nation in soybean meal exports. New additions have recently been added to the port, such as large storage bins and an improved rail system, to make soybean exports easier. Gary Nelson, executive director of the Port of Grays Harbor, says more than one million metric tons of agricultural products were exported in 2010.
Seven Day Forecast – Spring has sprung for many areas of Nebraska. This warming trend will continue for the next week with temperatures ranging from the 60s to the 70s. There are a few chances of precipitation through mid-week. Al Dutcher, University of Nebraska-Lincoln Extension statewide climatologist, says a cool down may be in store for the beginning of April.