Canadian wheat and canola grower Mike Bast spent five years building silos to store 100,000 bushels on his 2,000-acre farm in La Salle, Manitoba. It wasn’t enough. He’s already dumping grain into his neighbor’s bins.
Terry Reilly, an analyst who followed grain markets at Citigroup Global Markets in Chicago, is leaving the company. He worked at Citigroup for more than 12 years and his last day was yesterday, Reilly said by e-mail.
U.S. hard red winter wheat farmers in 2013 will abandon almost 24 percent of planted acreage, the most since 2002, after drought ravaged crop prospects in the southern Great Plains, Futures International LLC said.