The Happy Spot was a little depressed.
Puddles are seen in farm fields as heavy rains caused unprecedented delays in U.S. corn planting this spring, near Sheffield, Illinois, U.S., June 13, 2019. REUTERS/Tom Polansek
Forecasts for even more rain sent U.S. corn futures to a five-year high on Friday, though fewer farmers will benefit from soaring prices because of the planting disruptions. Nationwide, farmers are expected to harvest the smallest corn crop in four years, according to the U.S. Department of Agriculture. The agency last week reduced its planting estimate by 3.2% from May and its yield estimate by 5.7%.
McKnight, who attended the party, said farmers returned Golden Harvest corn seed, made by ChemChina’s Syngenta. They are either seeking refunds on herbicides or asking Barman to hold their chemicals in storage until next year, he said. The U.S. government announced a $16 billion aid package to help farmers hurt by reduced sales to China - but only those who manage to plant a crop are eligible for payments.
Floods that delayed seed shipments contributed to a 28% slump in quarterly profit for Corteva’s former parent company, DowDuPont.Reduced plantings mean less business for grain elevators like Tettens Grain in Sterling, Illinois. Owner Dan Koster said at the party he may take in 60% to 75% of the 10 million bushels he handles in a typical year.Some farmers who were not able to plant as much as they expected took the unusual step of canceling contracts to sell corn to elevators after the harvest.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Forget soybeans, U.S. farmers rush to plant hemp - Reuters TVWith commodity grain prices painfully low due to big surpluses and the U.S.-China trade war, farmers with a taste for risk are seeking profits by planting industrial hemp, a crop that was illegal in the United States until recently.
Consulte Mais informação »
Kylie Jenner Threw a 'Tone-Deaf' Handmaid's Tale Party and Twitter Is Not HappyTwitter Has Lots to Say About Kylie Jenner's 'Tone-Deaf' Handmaid's Tale Birthday Party for Her Friend
Consulte Mais informação »
Marc Jacobs Threw a Block Party and Everyone Was Invited.MarcJacobs took over an entire block on Greene Street to celebrate his new pop up with downtown kids and industry legends.
Consulte Mais informação »
His Work Has Ups and DownsThrillseekers climb aboard the dozens of roller coasters designed by Jeff Havlik of PGAV Destinations, a St. Louis architecture firm that specializes in theme parks and entertainment experiences.
Consulte Mais informação »
Why You Should Try Sit-ups With a Mini Resistance Band Around Your WristsThe band provides several extra benefits to this classic core move.
Consulte Mais informação »