National Ag News

Some large grain trading firms are cutting spending as a result of low commodity prices.  A story from Dow Jones says Archer Daniels Midland and Bunge plan to spend hundreds of millions less in reaction to the world glut of corn, soybeans and wheat.  Five straight years of bumper crops have kept grain prices low, squeezing farmers and the companies that buy their grains and soybeans.  The situation has changed traditional market dynamics, meaning farmers are storing grain rather than selling it at low prices. 

Continue reading Grain traders cut spending at Brownfield Ag News.