Clarkson Grain Co. Inc., Cerro Gordo, Ill., has acquired U.S. Soy, a Mattoon, Ill.-based provider of organic and non-GM soy ingredients to the food industry.
Much of the Midwestern U.S. is still suffering from one of the worst droughts in decades. Serious damage has been inflicted upon the corn and soybean crops, producing record-high prices for corn and soybean futures at the Chicago Board of Trade.
Forecasters say there’s a heat dome over the Corn Belt, and soybean prices are nearing record totals. Food inflation fears and fuel worries continue. The drought is affecting 55% of the land mass in the lower 48 states.