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Progressive Planet Announces Update on Regenerative Fertilizer and Soil Amendment Production

 a disruptive innovator for cement and agricultural tech, announces expansion into custom-blended regenerative fertilizers and soil amendments using new specialty-blending equipment.

PLAN has performed seasonal, single-ingredient toll-processing of regenerative fertilizer powders since August 2020 at its pilot plant. The pilot plant has now been fully disassembled with all industrial-sized equipment moved to Kamloops.

Utilizing new blending equipment that came fully paid for with the acquisition of Absorbent Products, PLAN can now uniformly mix up to 20 tonnes per hour of multi-ingredient custom fertilizer powders to exact customer specifications.

Custom blends of fertilizers are applied at different times and for a variety of desired outcomes. For example, Hydr8™ Soil Amendment is a combination of biochar, zeolite, and humates in one easy to apply blend. The addition of Hydr8 to native soils increases the viability of transplants and improves plant resistance to drought and stress. This week, PLAN commenced first commercial production of Hydr8 in partnership with Eco Health Industries Ltd. ("Eco Health").

"We developed Hydr8 in our own lab with small-scale trials over the last three years. After receiving our first commercial order from a famous 40-year-old winery in the Okanagan, we searched for a company to blend Hydr8 at scale. We attended the premises of Progressive Planet Products to witness the blending of Hydr8 and were impressed with the throughput and quality of their new blending equipment," stated Darcy Lepine, co-owner of Eco Health. "The blending equipment gives me great confidence that Progressive Planet Products can scale processing of this exciting new product for our company without us having to invest in new equipment ourselves."

The next phase of product offerings will be the ability to convert fertilizer powders into pellets to enable application of specialty fertilizer pellets using traditional broadcast fertilizer spreaders. To enter the pelleted fertilizer market, PLAN ordered a 16-foot-wide disc pelletizer in May 2022 and expects delivery of this pelletizer in August 2022 with plans to begin producing both single-ingredient and custom-blend regenerative fertilizer pellets in Fall of 2022.

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Agricultural Market Update: Grain Prices, Crop Conditions, and Weather Impacts

Welcome back to our channel where we provide comprehensive updates on the latest trends and changes in the agricultural sector. This week, we're looking at significant movements in grain prices, crop conditions, and the effects of weather patterns. Let's dive into the details:

Grain Price Decline Grain prices have fallen to their lowest levels since 2020, with December corn down 4.3% and November soybeans losing 3.1%. This decline is partly due to the beneficial moisture brought by Hurricane Beryl to the Midwest, which has improved crop conditions significantly. The USDA reported that corn and soybean crops are in their best condition in four years, contributing to the downward pressure on prices.

Record Short Positions and Market Sentiment Fund traders have increased their net short positions in the corn market to a record level, with a net short of 347,000 contracts of corn. This reflects a bearish sentiment in the market, further influencing grain price dynamics. Similar selling trends were observed in soybeans and SRW wheat, indicating broad market caution.

Weather Impact and Forecast Hurricane Beryl has brought significant rainfall across Arkansas, Missouri, western Tennessee, western Kentucky, and southern Illinois, with more expected over Missouri, Illinois, and Indiana in the coming days. Despite this, the market is currently more focused on the moisture benefits rather than potential heat risks forecasted in the 6-10 and 8-14 day periods.

US Crop Conditions Corn and soybean conditions have shown slight improvements last week, with corn rated 68% good to excellent and soybeans at 68%. These are among the best ratings for this time of year since 2020, suggesting robust crop health that could continue to influence grain prices.

Winter Wheat Harvest and Spring Wheat Conditions The US winter wheat harvest is progressing well, ahead of schedule with significant portions already harvested in Kansas and Texas. Spring wheat conditions are also favorable, with 75% rated good to excellent, although there have been some declines in states like Idaho, South Dakota, and Washington. Brazil's Corn Harvest and US Exports Brazil's second corn crop harvest is advancing rapidly due to favorable hot and dry conditions, with 63% of the crop already harvested. Meanwhile, US corn shipments saw a substantial increase last week, indicating strong export demand, which contrasts with the recent drop in domestic grain prices.

Ongoing Developments Lastly, the USDA reported a flash sale of corn, with significant quantities sold to unknown destinations, scheduled for delivery over the next two marketing years. This could signal ongoing international demand for US corn despite lower prices.

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?? Join the Conversation: How do you think these developments will impact global agricultural markets? What are your views on the current weather patterns affecting crop conditions? Share your thoughts in the comments below. Your input is crucial for our discussions.