November 24, 2014

The Edge on Soy Transportation

Traditionally, the U.S. transportation system that has carried commodities from farm to market has been the best in the world.  The U.S. Soybean Export Council recently commissioned a study that showed America has an advantage over other major suppliers when it comes to filling orders for soybeans and agricultural products.

The study said U.S. soybean shipments usually arrive within 3 days on average of their expected delivery date.  That compares to 7 days on average for Argentina and 15 days for Brazil.  The report indicated that the U.S. has maintained its transportation advantage despite increased traffic and maintenance on the nation’s railway system.

U.S. freight-train speeds are close to the lowest since 2010, and monthly carloads of grain in October fell 5 percent from a year earlier, according to recent Association of American Railroads data.

With had a chance to visit with United Soybean Board Treasurer Jared Hagert from Emerado, North Dakota….

Jared Hagert

In the 2013/2014 marketing year, the United States exported over 2 billion bushels of U.S. soy, valued at more than $30 billion.

 

thanks to United Soybean Board

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Cost of Thank$giving Dinner

The American Farm Bureau’s 29th annual informal price survey of items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.41, a 37-cent increase from last year’s average of $49.04.

The big ticket item – a 16-pound turkey – came in at $21.65 this year. That’s roughly $1.35 per pound, a decrease of less than 1 cent per pound, or a total of 11 cents per whole turkey, compared to 2013.

The survey shopping list includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk, all in quantities sufficient to serve a family of 10.

Foods showing the largest increases this year were sweet potatoes, dairy products and pumpkin pie mix. Sweet potatoes came in at $3.56 for three pounds. A half pint of whipping cream was $2.00; one gallon of whole milk, $3.76; and a 30-ounce can of pumpkin pie mix, $3.12.

A one-pound relish tray of carrots and celery ($.82) and one pound of green peas ($1.55) also increased in price. A combined group of miscellaneous items, including coffee and ingredients necessary to prepare the meal (butter, evaporated milk, onions, eggs, sugar and flour) rose to $3.48.

In addition to the turkey, other items that declined modestly in price included a 14-ounce package of cubed bread stuffing, $2.54; 12 ounces of fresh cranberries, $2.34; two nine-inch pie shells, $2.42; and a dozen brown-n-serve rolls, $2.17.

The average cost of the dinner has remained around $49 since 2011.
A total of 179 volunteer shoppers checked prices at grocery stores in 35 states.

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Board Welcomes Two New Members

National Biodiesel Board members selected their trade association leadership this week, electing five returning governing board members and two new members to serve in leadership roles.

“Biodiesel has faced many challenges but with strong leadership from among all sectors of the industry we are in a position as an organization to face those challenges head on,” said NBB CEO Joe Jobe. “This industry has produced more than a billion gallons of advanced biofuels each of the last three years and will continue to grow into the future under the direction of the board.”

Officers elected to lead the board are:
Steven J. Levy, chairman, Sprague Operating Resources
Ron Marr, vice chair, Minnesota Soybean Processors
Mike Cunningham, treasurer, American Soybean Association
Greg Anderson, secretary, Nebraska Soybean Board

NBB members also voted to fill seven board member spots. Members elected to the Governing Board included officers Steven J. Levy, Greg Anderson, and Mike Cunningham along with:
Jennifer Case, New Leaf Biofuel
Tim Keaveney, HERO BX
Robert Morton, Newport Biodiesel
Ben Wootton, World Energy

Ron Marr, Gary Haer, Todd Ellis, Kent Engelbrecht, Ed Hegland, Bob Metz, Robert Stobaugh, and Ed Ulch also continue to serve on the Governing Board.

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