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Adjustments to the soybean balance sheets in USDA April WASDE report
The monthly WASDE reports from USDA provide a snapshot of the current state of U.S. and World Soybean Supply and Demand Estimates. World Agricultural Outlook Board Chair Mark Jekanowski notes the changes to the U.S. domestic use numbers in the April WASDE report. The season ending average price for beans was adjusted 10 cents higher than March with the price now at $10.30 per bushel. Jekanowski also provides updates to world soybean production supply and use. Jekanowski details some of the...
ADM expanding regenerative ag program in Iowa
ADM is expanding its thriving re:generations program- now in its second year- to allow more farmers to increase their profits and their positive impact on the environment and soil health. With the support of a USDA Climate Smart grant, re:generations is providing 18...
Less downtime leads to getting more done
The new 5000 series planters from Kinze, available for the 2024 season, are designed to help farmers make changes and adjustments on the fly and minimize maintenance and downtime in the field. The quicker the seed discs are changed, or an adjustment is made, the...
Time to rebuild the U.S. cattle herd
With small inventory numbers, it’s time to try and revitalize the U.S. cattle herd. Cattlefax CEO Randy Blach said that, in the latest Cattle Inventory Report released by USDA, the July beef cow numbers are the smallest on record going back to around 1970.“Beef cow...
Iowa and other Midwest states pushing for year-round E15
Ethanol groups welcome efforts by Nebraska and Iowa prompting the Environmental Protection Agency to create regulations to allow for year-round sales of E15 in at least eight Midwest states. Earlier this year, the governors of Iowa, Nebraska, North Dakota, Wisconsin,...
EATS Act: Could an “unintended consequence” be a benefit to China? (Part 3)
We have been talking about the Ending Agricultural Trade Suppression (EATS) Act for several weeks now and we have discussed with Iowa lawmakers about the benefits it could have. But are there unintended consequences that could outweigh the benefits?Mike Schultz is VP...
Grassley optimistic farm bill will be completed by end of year
There is saber rattling taking place from both sides of the aisle as the farm bill reaches the stretch run and questions arise as to if it will be completed by the end of the year. Some Republicans want reform for SNAP benefits with new work requirements. Democrats...
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EPA considers slowing shift to electric vehicles
The Environmental Protection Agency is considering slowing tailpipe emission limits, which would give automakers more time to increase electric vehicle sales. The New York Times, followed by the Washington Post, reported the change, which could be viewed by some as a...
Start protecting your crops early in the growing season
Several yield factors, like minimizing inputs and maximizing weed and disease control, are at the top of every farmer’s mind as the 2024 planting season approaches. Getting a head start with early-season crop protection can help farmers reduce the stress their crops,...
Assessment shows U.S. soy’s carbon footprint has considerably decreased
A newly released Life Cycle Assessment found the U.S. soybean industry’s global warming potential profile decreased considerably in 2021 for whole soybeans, soybean meal, and soy oil compared to previously reported findings in 2015 and 2010. Commissioned by the United...
How you can help create more corn and soybean demand
Going in search of demand for our Iowa Agricultural products. Specifically, increasing the consumption of renewable fuels to increase commodity prices as well as additional revenue streams for producers. There's a big push right now for E15 sales to be made legal...
South American Weather and Crop Update (2-20-24)
Brazil has some good rains still, and Argentina is still dry. However, some nice rains are projected to pass through both countries. Allendale commodity broker Greg McBride gave an update on the latest weather conditions in South America. McBride said harvest and...
