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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...
Allendale broker: Weekly export sales ?very disappointing?
Export sales were less than friendly this week, according to an Allendale broker. The U.S. Export Sales Report on Thursday morning had bearish numbers for corn, soybeans, wheat, and soybean oil. Total corn exports on the week were 599,100 metric tons, soybeans were...
Pilgrim?s Pride pleads guilty to price fixing
Pilgrim's Pride Corporation this week pleaded guilty to price-fixing allegations. The Department of Justice announced the plea, and a sentence to pay approximately $107 million in criminal fines.According to the plea agreement entered in the U.S. District Court in...
Naig lauds IDALS cover crop insurance program at IFU forum
Iowa Secretary of Agriculture Mike Naig was a special guest for the Iowa Farmers Union?s recent virtual lunch and learn program. During the forum, Secretary Naig was asked by IFU members if the Iowa Department of Agriculture and Land Stewardship plans to continue...
USMEF seeks expanded beef exports to Sub-Saharan Africa
The U.S. Meat Export Federation believes there?s room for beef export growth in Sub-Saharan Africa after a record-setting year in the region in 2020. U.S. beef exports to Sub-Saharan Africa set a new record last year, reaching nearly 27,000 metric tons valued at $23.4...
Ernst backs Grassley?s letter to McCarthy and Biden
Senator Chuck Grassley?s recent letter to White House Climate Czar Gina McCarthy and President Joe Biden is being supported by fellow Iowa Senator Joni Ernst.Last week, Grassley decided to write a letter to McCarthy and President Biden inviting them to visit Iowa and...
Iowa groups respond to coalition concerns with biofuels legislation
Last month, Governor Reynolds proposed an increase in the availability of biofuels at pumps across Iowa. Last week, we heard from the Fuel Choice Coalition in the state of Iowa, they aired some concerns about the legislation that they had. Now, a few biofuels groups...
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Iowa conditions ripe for high SCN population in 2022
If it isn?t one challenge in agriculture, it is another. We know that many of these challenges are out of our control, and the best we can do is prepare or react accordingly.The old adage is that ?misery loves company.? That is why many of the challenges we face in...
Opening Market Podcast – Jim McCormick AgMarket.Net 3-30-22
Tomorrow is USDA report day. Question marks loom over Russian and Ukrainian peace talks. Jim McCormick of AgMarket.Net talks with us about what we can expect as we head into Wednesday.
Bird flu outbreaks continue to grow in Iowa
Iowa Secretary of Agriculture Mike Naig has confirmed two new outbreaks of Highly Pathogenic Avian Influenza in the state.During a virtual press conference Tuesday afternoon, Naig announced that HPAI was detected in a commercial egg-laying chicken flock of 1.5 million...
Closing Market Podcast 3-29-2022
GUEST: Bill Moore, PRICE Futures Group
FBN releases Spring Planting Report
The Farmers Business Network has released its annual Spring Planting Report ahead of USDA?s March 31 agency report.FBN Chief Economist Kevin McNew discussed the highlights of their report in an interview with the Iowa Agribusiness Radio Network on Tuesday morning.?For...
