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Increased RFS volumes from EPA give support to soy complex
Last week the Environmental Protection Agency released the proposed Renewable Fuel Standard volumes for 2026 and 2027. The increased volume of biomass-based diesel compared to recent years sent the price of soybean oil limit-up with a $3.00 increase on Friday followed by a $4.50 increase on Monday with expanded limits. Greg McBride, a commodity broker with Allendale, says the entire soybean complex was given a boost by the news from EPA. He says the rumored volumes before the announcement were...
Bill Would Turn Authority on Rural Broadband Over to USDA
House lawmakers introduced the Broadband for Rural America Act last week. With this legislation, the United States Department of Agriculture (USDA) would be largely in control of rural broadband instead of the Federal Communications Commission (FCC). ?The FCC?s had...
NFU says USDA needs to support farmers on climate practices
We can?t go a day without discussing climate and agriculture. It is a hot-button topic that has come to the forefront more extensively with each passing week. Environmentalists are targeting agricultural practices, and farmers are showing the work they are already...
Reduce weed competition in young corn
With many corn-growing regions recently having received rainfall, farmers are looking for those windows of opportunity to get a post-emergence corn herbicide application down.Jared Roskamp, BASF Technical Services Representative, shares the importance of eliminating...
National FFA names new CEO
Colorado native Scott Stump has been named the new chief executive officer for both the National FFA Organization and the National FFA Foundation.Stump takes over as CEO on Monday, June 21st. Stump, who lives on a small ranch in Stoneham, Colorado, with his wife,...
Weekly U.S. corn sales hit 6.46 million metric tons
Corn sales highlighted the weekly U.S. Export Sales Report on Thursday.Allendale commodity broker Greg McBride says that for the week ending May 20th, U.S. corn sales were over 6 million metric tons.?Came in at 6.457 million metric tons for the corn,? said McBride....
Iowa Cattlemen?s BeefMeets educate producers across the state
No matter how long you have been doing something, there is always an opportunity to learn how to do it better. There are always new challenges to overcome and ideas to share. That is why the Iowa Cattlemen?s Association is hosting its BeefMeets during June. It will be...
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More Ag News
Closing Market Podcast- Bill Moore PRICE Futures Group- 5-24-22
Corn prices are lower following reports that China will import corn from Brazil, and soybeans had a small rally to close mixed. Of course, the usual outside market influences are weighing in as well. Riley Smith talks with Bill Moore of PRICE Futures Group.
Midday Market Podcast- John Heinberg TFM- 5-24-22
Riley Smith talks with John Heinberg of Total Farm Marketing.
Gas prices jump as diesel declines
The national gas price increased for the fifth straight week, while diesel declined slightly. GasBuddy reports the average national gas price increased 11 cents last week to $4.57 per gallon, while diesel fell 1.7 cents to an average of $5.53 per gallon. GasBuddy's...
Senator Ernst wants clarification on Biden?s 30×30 plan
If you are not familiar with the Biden Administration?s 30x30 plan, it calls for having 30% of American land in conservation by 2030. While it sounds noble, and protecting land is a good way to help our environment, there isn?t a whole lot of clarity of just where...
Record soybean crop & high exports predicted by USDA
In this month?s World Agricultural Supply and Demand Estimates (WASDE), the USDA put out a big estimate for soybeans. They estimated that the United States will produce a record number of soybeans in 2022. While that is good news, it is still just an estimate....
