An aeration system keeps the grain cool and at the same time, creates suction that keeps a thick tarp cover on top of the grain, Weathers said. Unlike the steel storage tanks currently used to store grain, the company is building a temporary ground storage system. The temporary storage system will hold a million bushels of corn, the same amount as their steel grain bins. With this system, grain is spread out over a larger area than grain stored in a bin. Weathers did not specify a dollar...

McAlexander noted that export demand is also strong, and Edwards predicted that the ongoing demand market will mean continued volatility in corn prices. This shows Iowa s farmers are responding to the market to meet the needs of livestock producers, export customers, and the ethanol industry, said Edwards, who said he sells his crop to processors and exporters. It s a godsend to the consumer and the farmer, because we re producing more corn off each acre to supply the livestock and ethanol...

With Friday s decline in futures prices, corn reached a 8 month low as the high prices into the growing season obviously got the farmers attention and they planted huge acres. Traders were saying after the release of the USDA acreage estimate that most of the acreage risk premium is out of the corn market and all that matters now is weather and yields. The calls for corn to open higher on Friday morning were very premature as the market couldn t get higher and opened unchanged, slightly...

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BELOW average June rainfall has slightly dented the confidence of SA grain farmers, after autumn rains put both growers and the State Budget on track for a positive year. Treasurer Kevin Foley projected a 4 per cent growth in the state economy in the next financial year due to a recovery from the drought, but said the Government would be under pressure if the conditions persisted. Although not officially drought-breaking, autumn falls led to a record grain crop export forecast of $2...