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Grassley says proposed RVOs from EPA “Very good news for Iowa farmers”
Last Friday the Environmental Protection Agency released the proposed Renewable Fuel Standard volumes for 2026 and 2027. The increased RVOs for biomass-based diesel compared to recent years delivered immediate support into the ag markets for soybeans and soybean oil. United States Senator Chuck Grassley (R-IA) says the increased RVOs will help increase demand for U.S. soybeans and soybean oil. He adds that there are still some pieces of the RFS that are yet to be determined. Senator Grassley...
Sec. Naig pens letter to U.S. Attorney General
Iowa Secretary of Agriculture Mike Naig wrote a letter to U.S. Attorney General Merrick Garland asking the Department of Justice (DOJ) to hasten its investigation into potential price disparities and exploitative practices in the live cattle market, particularly the...
USMEF talks market diversification
Market diversification has become increasingly important in U.S. red meat exports. U.S. Meat Export Federation Chair Pat Binger spoke to USMEF members about this topic at their annual spring conference. Binger, the head of international sales for Cargill Protein North...
USDA celebrates National Homeownership Month
June is National Homeownership Month and the USDA is highlighting its efforts to provide access to affordable housing for rural Americans.U.S. Secretary of Agriculture Tom Vilsack says USDA is committed to using its resources to help support healthy, resilient and...
Grain futures bullish coming out of holiday break
The grain markets rallied Tuesday after the extended Memorial Day holiday weekend.Tuesday?s close showed corn up 28 to 32 cents, soybeans 18 to 24 cents higher, and wheat futures also seeing gains near 30 cents. Bill Moore is a senior account executive and author of...
NCBA & PLC disappointed in ESA designation for Lesser Prairie Chicken
The National Cattlemen?s Beef Association (NCBA) and the Public Lands Council (PLC) shared their displeasure with the U.S. Fish and Wildlife Service. The agency recently decided to move forward with their Endangered Species Act Designation for the Lesser Prairie...
Shell Rock Soy Processing secures funding for soy crushing facility
Construction on the new Shell Rock Soy Processing (SRSP) facility began last fall. We have kept up with the progress at the facility over the past few months. Now, another major hurdle has been cleared in the project. The funding for the entire project has been...
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U.S. Dairy supports U.S. Government?s pursuit of full Canadian USMCA compliance
The National Milk Producers Federation (NMPF) and U.S. Dairy Export Council (USDEC) today applauded the Biden administration for its initiation of a second U.S.-Mexico-Canada Agreement (USMCA) dispute panel concerning Canada?s ongoing refusal to meet its USMCA dairy...
Input prices, drought impacting cattle markets
The landscape of the 2022 cattle market is changing, and there are several issues with it. Bernt Nelson, American Farm Bureau Federation Economist, says the biggest factors in the cattle market are inventory, drought, and input costs.?USDA?s Annual Cattle Inventory...
High gas prices have Washington full of ?answers?
You don?t have to go far to see what oil companies hope you will accept as the new normal. Gas prices are up around $4 a gallon in Iowa, and higher on the coasts. It is hitting everyone in the wallets. It affects all of our budgets in different ways, but mostly...
Farmers need to scout for armyworm in corn and wheat
If it isn?t one thing, it is another. In a year where we must get every bushel squeezed from our fields, we don?t have any room for error. One cornbelt entomologist is seeing signs and conditions that point to some armyworm infestations possibly springing up in...
Closing Market Podcast- Bill Moore PRICE Futures Group- 5-25-22
The grains struggled to stay positive today. The most successful rally was in corn, where prices ended the day mixed. Riley Smith talks with Bill Moore of PRICE Futures Group.
