Grain Elevators & Co-Ops

COFCO, a Chinese company, bought its U.S. partner's stake in a grain terminal in Cahokia Heights along the Mississippi River. U.S. Reps. Mike Bost and Nikki Budzinski think the sale could threaten national security.

Through November 2023, the United States has imported $20 billion more in agricultural products than it exported — putting the sector on pace to run a record deficit.

Growing interest rates, high crop prices and rising transportation costs are making it more expensive to store grain — a critical step for many farmers. Economists and grain merchandisers say the market conditions leave them and farmers in an awkward place.