Top Stories
U.S. farmers planted fewer corn acres and more soybeans
Today the USDA published both the Planted Acreage and Quarterly Grain Stocks Reports. Commodity broker Greg McBride of Allendale says there were only slight adjustments to the corn acres from the March planting intentions report. McBride says the soybean acreage number was mostly inline with pre-report estimates within the industry. He details the adjustments to the numbers in the Quarterly Grain Stocks report as well. For more information visit https://www.allendalehub.com/
South American Weather and Crop Update (1-28-25)
After some needed dryness in Brazil, rain has reentered the forecast. Allendale commodity broker Greg McBride gave an update on the latest conditions in South America. Harvest is officially underway in Brazil, which means that planters are also following close behind...
Finishing off an exceptionally dry and cold January
Recently, a large arctic air mass has made its way through much of the United States. This is what caused the subzero temperatures in Iowa, and it’s also what brought snow down to the Southeast. Justin Glisan, state climatologist for Iowa, said that, fortunately, this...
U.S. share of China’s soybean market dropped in 2024
China’s soybean imports from the United States dropped five percent in 2024 from the previous year. Reuters says, “U.S. soybean imports were replaced in the Chinese market by shipments from Brazil and Argentina as fears of a renewed trade war between China and the...
Naig highlights IDALS 2025 legislative wish list
The Iowa Legislative Session is officially underway, bringing new opportunities to address key issues across the state. The Iowa Department of Agriculture and Land Stewardship (IDALS) has outlined its priorities for this year, focusing on initiatives to support Iowa’s...
Despite political turmoil in South Korea, U.S. red meat demand remains strong
Embattled South Korean President Yoon Suk Yeol has been arrested and indicted after briefly imposing martial law in December. Yoon also faces an impeachment trial that will determine if he is formally removed from office. U.S. Meat Export Federation (USMEF) Vice...
Breakthrough BRD vaccine could save U.S. cattle industry $1 billion in costs
U.S. cattle supplies have been at historically low levels. This is made even worse by bovine respiratory disease (BRD), which kills an estimated 8 million calves every year. Fortunately, a professor from Louisiana State University has been working on a solution to the...
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More Ag News
U.S. red meat export trend was higher in March
Exports of U.S. beef, pork and lamb trended higher year-over-year in March, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). USMEF President and CEO Dan Halstrom said beef export value was led by strong performances in...
May WASDE report brings strength to soybean prices
The first WASDE report after the official start of planting season had some decently positive aspects, especially in the soybean markets. As for the corn markets, AgMarket.Net Hedging Strategist Robin Schmahl said the corn production estimates were in line with the...
Fiscal year ag trade at the midway point
We have reached the halfway point of the ag trade year, and it is a good time to analyze the numbers for imports and exports thus far. USDA economist James Kaufman says exports are down from last year while imports continue to increase. Kaufman expands on the ag trade...
USDA’s Rollins says Proposition 12 ‘Just not sustainable’
At a U.S. House Appropriations Committee hearing on the U.S. Department of Agriculture budget, Agriculture Secretary Brooke Rollins weighed in on California Proposition 12 and similar laws that affect livestock production. In response to a question from Committee...
Modern Ag Alliance pushes late for labeling legislation
Even though the Iowa Legislature was scheduled to adjourn last week, work at the Capitol is far from over. Lawmakers remain locked in negotiations over unresolved budget issues, keeping the session alive past its intended deadline. Amid the ongoing debates, the Modern...
