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Quiet April WASDE report still contained important information
The April WASDE report lined up with the market expectations and made virtually no changes this month. However, that’s not to say that the report did not contain valuable information moving forward. Allendale commodity broker Greg McBride said the April WASDE included a few offsetting changes in the soybean markets. McBride said the bearish news in this report came from the wheat numbers. The U.S. Export Sales report also came out today, and McBride said it showed another strong week of corn...
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U.S. Export Sales Report (2-9-24)
A lot of the buzz yesterday was focused on the February WASDE, but we saw the release of the weekly export sales as well. Now, the report didn’t contain any real market movers, but it’s still important to keep an eye on the export situation. Allendale commodity broker...
Farmers encouraged to attend Iowa Farm Bureau’s conference
Beginning farmers know the substantial initial investment it takes to farm, and those who currently farm are facing a projected 25% cut in their net farm income compared to last year. These situations have prompted interest in niche opportunities that require less...
Net farm income forecasted to see a record-setting decrease in 2024
The Economic Research Service forecasts that farm income will decrease by 25 percent in 2024. Danny Munch, an economist with the American Farm Bureau Federation, said it’s the largest year-to-year dollar decrease in net farm income on record. Munch said there are two...
Be mindful of mycotoxin risks in feed grains
After the weather challenges we saw during the 2023 growing season, we need to be vigilant about the quality of the grain we feed our livestock. Different weather patterns bring different risks. The folks at Alltech have completed their analysis of the 2023 harvest...
Market reactions didn’t match February WASDE numbers
Today’s WASDE report was very bearish, particularly in the soybean markets, but you wouldn’t be able to tell by looking at how the market prices closed. Allendale commodity broker Greg McBride detailed the numbers from this month’s report. Those numbers would normally...
