Sep 16, 2019

Michigan Soybeans Must be Destroyed Due to Soil

CHS recently filed a lawsuit seeking compensation for 91,000 bushels affected

Michigan regulators say 91,000 bushels of soybeans must be destroyed, three years after a small portion was grown on land that had sediment from a Kalamazoo River Superfund site in western Michigan, reportsWILX.

Only 145 bushels were harvested from the land. But those soybeans were stored with thousands of additional bushels likely worth more than $800,000 at the time. The agriculture department says the soybeans are indistinguishable and can't be sorted.

The spoiled crop was grown by Golden Grain Farms and sold to CHS, a Minnesota-based farm cooperative with Michigan operations.

CHS recently filed a lawsuit against Golden Grain, seeking compensation for all 91,000 bushels.

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Marketwatch: Feb, 11

US Corn Price Idx:ZCPAUS.CM

open: 6.7533
high: 6.8628
low: 6.7533
close: 6.8373

US Soybean Price Idx:ZSPAUS.CM

open: 14.781
high: 14.9804
low: 14.7551
close: 14.9742

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 8.5125
high: 8.7553
low: 8.5025
close: 8.7147

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 7.2221
high: 7.3065
low: 7.1865
close: 7.2664