“Agriculture is the single most important industry for the planet, and it’s arguably the most laggard when it comes to technology adoption,” says Steve Laughlin, vice president and general manager, global consumer industry, IBM.

Two cold troughs from Canada are expected to push into the U.S., bringing storms and cooler temperatures.

To date, the corn harvest is only 30% complete, up 8 points week-on-week, but well behind the five-year average of 47%.

Wet spring weather conditions wreaked havoc on not only traditional corn and soybean acres, but their organic counterparts as well.

Soybean processors in China were granted permission to buy another 10 million metric tons of U.S. supplies without retaliatory duties.