Lower feed corn prices this year will benefit large turkey producers next year when the flocks will start feeding off lower priced feed. Tyson Foods alone expects it feed costs to fall some $500 million over the coming fiscal year. Feed costs make up about 70% of a turkey's cost, notes The Wall Street Journal. Full Story (WSJ Subscription Required)
Soybean prices fell from an eight-week high on expectations that crops will benefit from favorable soil moisture in Brazil and rain this week in Argentina. Soybeans for delivery in January lost 0.3% to $13.15 a bushel, reported Bloomberg.com. Full Story
Robusta coffee prices fell, after rallying the most in seven weeks, on falling stockpiles and slow exports from Vietnam. The beans used to make instant coffee and espresso gained 4.3% through Nov. 22, the most since the seven-day period ended Oct. 4, reported Bloomberg.com. Full Story
Citrus canker was confirmed in southern Santa Rosa County, FL. The disease causes premature fruit drop, discolored fruit and eventually causes the tree to become unproductive, reported Southeast Farm Press. Full Story
California raisin growers will receive $1,650 a ton this season, 13% less than last year. The Raisin Administrative Committee recently estimated a crop of 348,437 tons, up 12% from last year, reported The Fresno Bee. Full Story
Soybean growers may have high-oleic varieties available for planting in 2017, according to a Minnesota soybean breeder. High-oleic soybean oil would be free of artificial trans fat, which FDA is proposing to ban in the U.S. food supply. Developing high-oleic soybean oil would help the soybean industry compete against other vegetable oils free of trans fat, reported Grand Forks Herald. Full Story
Companies such as Butterball and Cargill are having trouble storing around 1 million frozen turkeys. Rising output last year and slowing sales left domestic stockpiles tracked by the government at four-year highs in August and September, reported Bloomberg.com. Full Story
As of Nov. 25, U.S. average diesel fuel prices were $3.844 per gallon, up 0.022 cents per gallon from a week ago, and down $0.19 from one year ago. Full Story
Heavy rains earlier this year have put a big dent in South Carolina's pecan crop, and, as demand increases, prices for the nuts are likely to rise, reported The State. Full Story
Ag Processing Inc. approved a "major expansion" of a plant in Hastings, due to demand from Asian markets, reported Omaha.com. Full Story
U.S. corn shipments to China may be delayed after authorities in southern Guangdong province this month rejected and held a cargo containing an unapproved variety. Inspectors at Shekou port rejected a 60,000-metric-ton shipment of U.S. corn containing the MIR 162 variety developed by Syngenta AG, which hasn't been approved by the Ministry of Agriculture, reported Bloomberg.com. Full Story
Kale is helping drive large volumes of greens this season. Pelion, SC- based Walter P. Rawl & Sons Inc. noted brisk movement of South Carolina-grown collards, kale and other greens, reported The Packer. Full Story