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New World Screwworm influence in the ag markets

New World Screwworm influence in the ag markets

The initial reaction in the ag marketplace to the first detection of New World Screwworm in a calf in south Texas in early June was a bit surprising to many market analysts. Generally, a negative headline can send the markets to the downside in a dramatic way, at least until the situation stabilizes and further information is digested. While the detection of NWS in the United States did send the cattle markets lower initially, there was almost an immediate bounce back for the prices and not a...

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Farmers already expect higher breakeven prices in 2027

Farmers already expect higher breakeven prices in 2027

The Purdue University/CME Group's Ag Economy Barometer declined in April as economic uncertainty caused a dip in farmer optimism for the future of their operations. Michael Langemeier, director of Purdue University’s Center for Commercial Agriculture, says that corn...

USDA says Iowa near major weather boundary

USDA says Iowa near major weather boundary

Weather conditions across the United States continue to show a sharp contrast between wet and dry regions, and USDA Chief Meteorologist Brad Rippey says Iowa is sitting near the center of that dividing line. Speaking during a discussion in Washington, D.C., Rippey...

It’s still too risky to ship fertilizer globally

It’s still too risky to ship fertilizer globally

The Strait of Hormuz has become a major focus in global markets as disruptions have created bottlenecks that are driving input costs even higher. Josh Linville, vice president of fertilizer for StoneX, said it doesn’t matter if the strait is declared open or closed-...

South American Weather and Crop Update (5-6-26)

South American Weather and Crop Update (5-6-26)

Dry weather is still causing concerns for some of the crops down in South America. Allendale commodity broker Greg McBride gave an update on the latest conditions for Brazil and Argentina. At the very least, the dry weather is allowing for harvest to continue at a...

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U.S. Export Sales Report (5-14-26)

U.S. Export Sales Report (5-14-26)

This week’s export sales were mostly a repeat of recent trends once again. However, there were a few notable differences. Allendale commodity broker Ben Breisch said old crop corn sales were lacking, but that market has been so strong recently that this is a minor...