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Proposed biofuels volumes bring optimism to Iowa
The biofuels industry has faced a rough stretch in recent years, with uncertainty and setbacks taking a toll not just on producers but on the entire agricultural economy. Blending decisions made under the previous administration led to the closure of several ethanol and biodiesel plants across Iowa, the nation’s leading biofuels producer. Those closures hit rural communities hard and weakened demand for corn and soybean oil. But last week’s announcement from the EPA on new Renewable Volume...
Vilsack: Hungry Americans need the American Rescue Plan now
An editorial by Agriculture Secretary Tom Vilsack supports passage of the American Rescue Plan. The legislation, passed by the House and up for consideration in the Senate, is President Joe Biden's $1.9 trillion economic relief package to help the nation recover from...
Market Analyst: Grain markets have morphed into ?supply bull?
As South American supplies begin to come on-line, a Price Futures Group market analyst says U.S. grain markets have morphed into a ?supply bull? from a ?demand bull.?Senior account executive Bill Moore says South American supplies are cheaper than the U.S., which is...
Grassley backs Tai as U.S. Trade Representative
U.S. Trade Representative nominee Katherine Tai continues to receive bipartisan support. Iowa Republican Senator Chuck Grassley told farm reporters Tuesday morning that he intends to vote for Tai when her nomination goes before the full Senate. Grassley noted he...
Secretary Naig ?optimistic? about agriculture in 2021
Iowa Secretary of Agriculture Mike Naig says he?s optimistic for what?s to come for the Ag industry in 2021. Speaking at a recent virtual forum hosted by the Iowa Farmers Union, Secretary Naig looked back on the challenges Iowa?s farmers faced in 2020 such as the...
Ernst blasts Democrats? $1.9 trillion pandemic bill
U.S. Senator Joni Ernst is urging Iowans to ?read the fine print? when it comes to the $1.9 trillion COVID-19 relief bill passed by House Democrats last week. Speaking on the Senate floor Tuesday afternoon, Ernst said she feels Democrats are ?back to their old...
What do soy prices mean for Iowa biodiesel?
Unless you have been living under a rock, you have noticed that the soy complex has seen some significant upswing in prices as of late. Farmers are taking advantage of the markets and look to plant more acres to soybeans in 2021. However, so much of the biodiesel...
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Opening Market Podcast – Greg McBride Allendale 4-4-22
War premiums are sneaking their way into the grain markets while livestock is looking for a sense of direction. China made another purchase this morning as well. Greg McBride of Allendale talks with Dustin Hoffmann.
Brazil plants 2nd corn crop after disappointing soybean season
As we get ready to get into the fields, that means that Brazil is ready to get out of theirs for the time being. But don?t worry, they are gearing up for the second season in the warmer climates of the country. As we look at how the growing season was for the...
BASF: Farmers have the biggest job on Earth
BASF officials say the agri-food system is undergoing a massive transformation and farmers are at its core.At the 2022 Commodity Classic in New Orleans, Padma Commuri ? Director of R&D for BASF Agricultural Solutions North America ? says their company is committed to...
FBN economist discusses ag market trends at Commodity Classic
Farmers Business Network broke down current agricultural market trends at last month?s Commodity Classic.FBN chief economist Kevin McNew says the issue at the top of nearly everyone?s mind is the conflict between Russia and Ukraine.McNew talks about some of FBN?s...
U.S. Export Sales Report (3-31-22)
The USDA released its weekly U.S. Export Sales Report on Thursday.This week?s report was mostly neutral. Surprisingly, the new crop soybean sales weren?t as good as what we?ve been seeing recently. In fact, it seems that we?ve backed off of new crop sales this week in...
