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U.S. headed toward record ag trade deficit
The U.S. agricultural trade deficit is widening in 2025, driven by shifting global trade dynamics and rising import demand. USDA’s Outlook for U.S. Agricultural Trade report provides projections for exports and imports, offering insight into current trade trends. From January through April, the United States imported $78.2 billion in agricultural products while exporting just $58.5 billion. This $19.7 billion deficit is the largest ever recorded for the first four months of a year and signals...
Department of Agriculture offering Quality Loss Assistance
Agricultural producers who suffered losses, as the result of natural disasters in 2018 and 2019, may be eligible for compensation through a new federal program.The U.S. Department of Agriculture's Farm Service Agency today (Tuesday) rolled out the Quality Loss...
DEKALB brand offers robust product lineup for 2021
The DEKALB brand offers growers a robust lineup of new corn products for 2021. A total of 23 new DEKALB products will be available across all maturity groups. Scott Johnson, DEKALB Asgrow technical agronomist, breaks down a few of these products, which were developed...
NBB raises biodiesel awareness
The National Biodiesel Board continues to laud the benefits of biodiesel and renewable diesel. In September, NBB launched a digital advertising campaign aimed at key decision makers on the benefits of these advanced fuels. The ad campaign focused on consumer...
NASS conducts special survey on food marketing
Most farmers are familiar with the United States Department of Agriculture?s (USDA) Census of Agriculture that is taken by their National Agricultural Statistics Service (NASS) every couple of years. Right now, however, NASS is conducting a special survey called the...
Dairy groups welcome new dietary guidelines
Newly released federal dietary guidelines will benefit dairy, even as work remains to be done, according to the National Milk Producers Federation. Miquela Hanselman, NMPF?s regulatory affairs manager, says, ?Dairy is in a good place."The latest update to the dietary...
Helena Agri-Enterprises delivers new weed control solution
Helena Agri-Enterprises unveiled a new post-emergence soybean herbicide nearly one year ago, at Commodity Classic in San Antonio, TX. The new weed control option has since earned regulatory approval, and will be available for use in 2021.Helena Agri-Enterprises is...
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EIA data confirms record ethanol blend rate in 2021
Data released Monday by the U.S. Energy Information Administration (EIA) shows that ethanol comprised a record share of America?s gasoline in 2021, averaging 10.34 percent of every gallon sold. The final EIA data for 2021 also confirmed a significant rebound in both...
Chevron to acquire Ames-based Renewable Energy Group in $3B deal
The second largest oil company in the United States is buying an Iowa-based renewable fuels company in an all-cash transaction valued at $3.15 billion.Chevron announced Monday it?s purchasing Renewable Energy Group (REG) out of Ames at $61.50 per share. A press...
Growth Energy says new biofuels study based on politics, not science
In the last two years, we have heard the words, ?follow the science? more times than we can probably count. Mainly it has been in reference to COVID-19, but the same has been said in areas like agriculture.As public policy seeks to put environmental concerns at the...
Labor shortage a primary concern for transporting grain
The Iowa Soybean Association held a panel discussion on supply chain issues at the Innovation to Profit Conference on February 17th.Mike Steenhoek, executive director of the Soy Transportation Coalition, led the panel discussion with soy industry professionals about...
Closing Market Podcast 2-28-2022
