Agriculture

China, the world's biggest soybean importer and consumer, has signed 21 purchasing agreements in Chicago over the past two days for U.S. supplies valued at $6.68 billion, the U.S. Soybean Export Council said.
Ethanol gets a victory with approval of E15 blend
Nearly two-thirds of drivers could have more corn-based ethanol in their fuel tanks under an Environmental Protection Agency decision Friday.
Dayton meets with Chinese trade delegation
Gov. Mark Dayton and state agriculture officials met with a delegation from China Wednesday, to discuss the future of Minnesota soybean exports to China.
Agribusiness giant Cargill will distribute its 64 percent stake in The Mosaic Company to Cargill stakeholders and debt holders.
New Minnesota agriculture commissioner takes over
Minnesota's first new agriculture commissioner in 15 years doesn't expect major policy changes in his department even as the state struggles to plug a $6.2 billion hole in its next budget.
Farmers call for spending cuts, can't agree where
The nation's biggest farm lobbying group supports a balanced budget. It's against tax increases and says the federal government needs to tighten its belt.
High crop prices lead to concerns over food prices
In the volatile world of farm commodities, all it takes these days is a little surprise to send grain prices a lot higher.
New figures released by the U.S. Department of Agriculture Wednesday say Minnesota farmers grew an estimated 1.29 billion bushels of corn, up 4 percent from last year's record.
Cargill posted sharply higher quarterly earnings, helped by strong growth from The Mosaic Co. Cargill spun off the fertilizer maker several years ago, but retains a 64 percent stake.
Ground has been broken for a $168 million canola plant in northwestern Minnesota that's expected to generate up to 250 construction jobs through 2012.