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Quote Ticker
  • CORN (Dec 14) 331'6 -6'6 9/19/14   1:30 PM CST
  • CORN (Mar 15) 344'0 -6'4 9/19/14   1:30 PM CST
  • CORN (May 15) 352'6 -6'2 9/19/14   1:30 PM CST
  • HARD RED WINTER WHEAT (Dec 14) 559'4 -9'4 9/19/14   1:30 PM CST
  • HARD RED WINTER WHEAT (Mar 15) 565'0 -11'2 9/19/14   1:30 PM CST
  • HARD RED WINTER WHEAT (May 15) 568'6 -11'2 9/19/14   1:30 PM CST
  • SOYBEANS (Nov 14) 957'6 -14'4 9/19/14   1:30 PM CST
  • SOYBEANS (Jan 15) 966'0 -14'2 9/19/14   1:30 PM CST
  • SOYBEANS (Mar 15) 973'0 -14'2 9/19/14   1:30 PM CST
  • LIVE CATTLE (Oct 14) 155.675 0.025 9/19/14   1:54 PM CST
  • LIVE CATTLE (Dec 14) 158.975 - 0.225 9/19/14   1:54 PM CST
  • LIVE CATTLE (Feb 15) 160.450 0.875 9/19/14   1:54 PM CST
  • FEEDER CATTLE (Sep 14) 230.050 0.700 9/19/14   1:54 PM CST
  • FEEDER CATTLE (Oct 14) 228.975 1.025 9/19/14   1:54 PM CST
  • FEEDER CATTLE (Nov 14) 226.550 1.400 9/19/14   1:54 PM CST
  • LEAN HOGS (Oct 14) 105.975 3.000 9/19/14   1:44 PM CST
  • LEAN HOGS (Dec 14) 94.900 1.050 9/19/14   1:54 PM CST
  • LEAN HOGS (Feb 15) 91.000 0.650 9/19/14   1:54 PM CST
  • WHEAT (Dec 14) 474'2 -14'0 9/19/14   1:30 PM CST
  • WHEAT (Mar 15) 490'4 -14'6 9/19/14   1:30 PM CST
  • WHEAT (May 15) 502'2 -14'6 9/19/14   1:30 PM CST


 

News


New SPCC Law Changes
The President has signed into law (June 10, 2014) H.R. 3080, the Water Resources Reform and Development Act (WRRDA) which affects the Spill Prevention Control and Countermeasure (SPCC) rule as it pertain to farms.  Please click the link here, for a chart explaining the changes to the previous law!

Please note, the increased aggregated capacities are not effectively immediately (as noted by the asterisk in the table above).  The legislation calls for a study to be conducted by the EPA and the USDA within one year of the bill becoming law to determine whether the 6,000 gallon aggregate aboveground storage exemption level is appropriate. Based on the results of that study, the exemption level may be lowered from 6,000 gallons, but cannot be lowered below 2,500 gallons, based on a significant risk of discharge into water.  Once the study is complete, EPA and USDA have 18 months to write a rule to adjust the exemption level, and that will be subject to a public comment period.
 
In regards to what is effective immediately (as this gets confusing), the legislation increases the threshold levels for when a farmer will be required to hire a professional engineer (PE) to write a SPCC Plan –

  • Individual tank with capacity of 10,000 gallons or more;
  • Aggregate storage capacity of 20,000 gallons or more;
  • spill history;
  • Farmers with less than 20,000 aggregate can self-certify their SPCC Plan.

SCAM ALERT: Phone Scam Alleging Association with USDA Farm Service Agency

It has been brought to the attention of USDA’s Farm Service Agency (FSA) that a phone scam is being perpetrated on FSA customers. 

The caller, who identifies themselves as a Farm Loan Services representative out of Washington, D.C. states that FSA “owes” you disaster assistance funds and proceeds to request your checking account information or requests a credit card number alleging that funds will be credited to these accounts.

SHOULD YOU RECEIVE A SIMILAR CALL, DO NOT, UNDER ANY CIRCUMSTANCES, PROVIDE PERSONAL OR FINANCIAL INFORMATION TO THE CALLER. 

CHS to acquire Illinois River Energy ethanol plant

CHS has signed an agreement with Sinav Limited, London, England, to acquire 100 percent of the company’s stock, which includes Illinois River Energy, LLC, a 133-million-gallon-per-year ethanol plant at Rochelle, Ill. Providing all conditions are met, the transaction is expected to close in June. 

“Illinois River Energy is a top-tier ethanol plant, well-situated in a strategic growth area that will add value to our farmer-owners through expanded grain origination, additional renewable fuels gallons and distillers grain by-products,” says Mark Palmquist, CHS executive vice president and chief operating officer, Ag Business. 

The ethanol plant will become part of the company’s Processing and Food Ingredients division, led by Gary Anderson, senior vice president, Processing and Food Ingredients. The plant will be rebranded as CHS and approximately 60 employees will join CHS.

 


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