U.S. Drought Brings Flood of Business

Author:  Kathy Levy, InfoProse
Source:  The Shot Peener magazine, Vol 26 / Issue 4, Fall 2012
Doc ID:  2012031
Year of Publication:  2012
Abstract:  
OEM NEWS: In a drought, perfectly round soybeans are as valuable as raindrops. That’s one reason why sales of Profile Industries’ spiral separators to the agriculture market have sprouted this summer. “A 300 percent increase in sales this year would be a conservative estimate,” says Steve DeJong, Vice President of Sales and Engineering with Profile Industries. His separators are being snapped up by international seed companies such as Monsanto, Pioneer, Cargill and Syngenta. The U.S. drought and the resulting losses in corn and soybeans, the nation’s two biggest crops, will have a significant impact on seed prices. Soybeans for food consumption are normally around $10 per bushel. Projected prices for this year are $15 to $17 per bushel. Soybeans grown for replanting will have similar price increases.