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Neutral June WASDE report had little impact on grain prices
A few slight offsetting changes in the June World Agricultural Supply and Demand Estimates (WASDE) report left the markets with very little to react to in Thursday’s trading session. That lines up with past years, though, as the June WASDE report is usually fairly quiet. Allendale commodity broker Greg McBride said the changes made to the corn numbers were relatively small. McBride said the soybean numbers had offsetting changes as well. McBride said the most impactful changes in this month’s...
Concerns rising as U.S. oil reserves decline
While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. Oil prices are also being helped by China,...
Congressman calls for quicker ARC, PLC Payments
House Ag Committee Republican Rick Crawford asked for support from USDA Secretary Brooke Rollins at a recent hearing to help speed up ARC and PLC payments. Arkansas Representative Rick Crawford says that payments can sometimes be delayed by up to a year. Crawford told...
Work underway on a year-round E15 bill in the Senate
Efforts to secure year-round nationwide sales of E15 ethanol fuel remain active in the U.S. Senate, offering renewed hope for corn growers seeking expanded demand for their crop. Senate Majority Leader John Thune of South Dakota said that lawmakers are working on new...
June forecast brings rain, warmth to Midwest
A warm and active weather pattern is expected to continue across much of the United States through the middle of June, bringing beneficial moisture and above-normal temperatures to many key crop-producing regions. According to USDA Meteorologist Brad Rippey, the...
South American Weather and Crop Update (6-9-26)
While drier conditions still remain in South America, recent rainfall has caused a notable improvement. Allendale commodity broker Greg McBride gave an update on the latest forecasts for Brazil and Argentina. Currently, farmers in Brazil just wrapped up first crop...
Cattle producers aren’t surprised that NWS made it across the border
New World Screwworm (NWS) finally made its way into the U.S. last week, but the cattle industry isn’t surprised it happened. National Cattlemen’s Beef Association (NCBA) CEO Colin Woodall said they have been expecting this to happen for a while. Woodall said it’s been...
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New World Screwworm prompts vigilance, not panic
The confirmation of New World Screwworm cases in Texas and New Mexico has put cattle producers across the country on alert. However, veterinarians and livestock industry leaders say producers in the Midwest should remain vigilant without overreacting. New World...
President Trump says he is “not looking to renew” USMCA
Speaking at the White House today, President Trump stated that he is not looking to renew the U.S.-Mexico-Canada Agreement, saying that “we don’t need anything that Canada has, we don’t need anything that Mexico has.” However, this statement comes as the ag industry...
Concerns rising as U.S. oil reserves decline
While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. Oil prices are also being helped by China,...
Congressman calls for quicker ARC, PLC Payments
House Ag Committee Republican Rick Crawford asked for support from USDA Secretary Brooke Rollins at a recent hearing to help speed up ARC and PLC payments. Arkansas Representative Rick Crawford says that payments can sometimes be delayed by up to a year. Crawford told...
Work underway on a year-round E15 bill in the Senate
Efforts to secure year-round nationwide sales of E15 ethanol fuel remain active in the U.S. Senate, offering renewed hope for corn growers seeking expanded demand for their crop. Senate Majority Leader John Thune of South Dakota said that lawmakers are working on new...
