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August WASDE report drove U.S. grain prices higher
Overnight news of attacks on two Russian shipping ports had the markets higher to start the day, and the August WASDE report brought a few surprises that allowed to grain markets to hold on to those gains and go even further. Allendale commodity broker Greg McBride said the corn side of the report contained lower yields, increased acreage, and decreased ending stocks. McBride said the corn markets will need support from either the wheat or soybeans markets to get a foothold to climb higher,...
Frozen versus fresh turkey from a food safety perspective
Side dishes on the Thanksgiving dinner table receive a lot of plaudits, from mashed potatoes and gravy to green bean casserole and cranberry sauce. However, the Thanksgiving turkey remains the star of the show. And while many Thanksgiving dinner cooks are seasoned...
U.S. soybeans set for first shipment to China since May
Two cargo ships were headed for port terminals near New Orleans, Louisiana, this week to load the first shipments of U.S. soybeans to China since May. That’s according to a shipping schedule seen by Reuters. A third ship was heading to a Texas Gulf Coast terminal to...
Farmers are dealing with severe financial stress
The American Farm Bureau Federation (AFBF) is bringing attention to the financial plight of the country’s farmers and ranchers. A recent AFBF Market Intel Report shows that financial stress is severe and persistent across farm country. John Newton, AFBF vice president...
Naig says Vietnam is ready to buy more Iowa products
Iowa Secretary of Agriculture Mike Naig says the state’s recent trade mission to Southeast Asia revealed significant opportunities for Iowa agriculture in Vietnam. The delegation included Iowa commodity groups representing corn, soybeans, pork, and beef, along with...
USDA releases more missing export sales data
More of the missing export data from the government shutdown was released this morning. The most recent report includes data of the week ending October 9th. Allendale commodity broker Greg McBride said the corn numbers line up well with the expectations from the USDA....
Consider flavorful pork for holiday meals
Many families are indulging in the sizzle, sear, shred, or slice of pork as they finalize their menus for the Thanksgiving celebration. Whitney Hemmer, a registered dietitian with Fareway Meat and Grocery, says pork opens the door to a variety of delicious options for...
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Strong opinions on proposed railroad merger
A proposed merger between the Union Pacific and Norfolk Southern Railroads is now before the Surface Transportation Board for possible approval. Mike Steenhoek, the executive director of the Soy Transportation Coalition, called this a “seismic development” for the...
South American Weather and Crop Update (1-16-26)
Right now is the short timeframe in which the crops in both Brazil and Argentina are in the critical yield determining phase. As a result, the weather is a huge focal point for the global grain markets. Allendale commodity broker Greg McBride said the weather forecast...
Latest outlook on soybean oil
While much of the focus in the USDA WASDE reports centers on row crops such as corn and soybeans, the reports also help provide a snapshot of the situation for various products such as soybean oil. The most recent WASDE report for January helps to detail the current...
Farmland values enter a new phase
The U.S. agricultural land market is shifting after years of steady growth. Although land values are still historically high, current signs indicate a more complex situation driven by local and regional factors rather than nationwide trends. “After years of steady...
Ernst says loan delays hurt Iowa growth
Farmers and rural businesses across Iowa are facing growing challenges when it comes to accessing capital. Tight margins, lower commodity prices, and rising input costs are colliding with loan processes that many lenders say have become increasingly difficult to...
