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U.S. Export Sales Report (6-12-25)
This week’s export sales had some very nice numbers, but much of that was ignored with the recent announcements from the EPA. Allendale commodity broker Greg McBride gave an update on the latest export sales from the USDA. McBride said there could be some beneficial adjustments for the corn in the next two major USDA reports as well. Soybeans, on the other hand, are glad that there was other news to distract from this report. The soybean exports are probably due for a correction, but McBride...
Ag Energy Coalition releases 2021 policy recommendations
The Agriculture Energy Coalition recently announced its 2021 policy recommendations. Those priorities include providing the Department of Agriculture Rural Energy for American program at least $2.5 billion over ten years, including a financial infusion upfront and an...
Vilsack confirmed as 32nd Secretary of Agriculture
Today the United States Senate confirmed former Iowa Governor Tom Vilsack as the 32nd United States Agriculture Secretary. Vilsack is returning to the post he vacated four years ago after serving eight years as the 30th Secretary of Agriculture under President Barrack...
Grassley pleased EPA sides with biofuels in critical RFS case
Iowa Senator Chuck Grassley says he?s glad the EPA ?has finally come around? after it announced its support for a recent appeals court decision supporting biofuels producers. The Environmental Protection Agency Monday afternoon said it agrees with last year?s ruling...
U.S. Cattle on Feed up 1 percent
Cattle and calves on feed for the slaughter market in the United States had a one percent increase year-to-year, according to the USDA. The U.S. Department of Agriculture released the latest Cattle on Feed Report on Friday, and USDA livestock branch chief Travis...
South American weather and crop update (2-23-2021)
Periods of warm and dry weather is expected across southern Brazil and northern Argentina as the week progresses. In this week?s South American weather and crop update on the Iowa Agribusiness Radio Network, Allendale commodities broker Greg McBride says good rains...
Biden EPA supports 10th Circuit Court?s decision on SREs
The Biden Administration handed a major victory to the corn ethanol industry. The EPA says it agrees with last year?s ruling by the Tenth U.S. Circuit Court of Appeals that rejected the Trump EPA?s retroactive waivers to oil refiners from the Renewable Fuel Standard....
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Grassley unveils updated cattle market reform bill
Iowa Senator Chuck Grassley has announced changes to the proposed Cattle Price Discovery and Transparency Act.Speaking with farm reporters Tuesday morning, Grassley said the updated cattle market reform bill would require the Secretary of Agriculture to establish 5-7...
Supreme Court to hear AFBF Prop 12 case
California?s Proposition 12 seeks to ban the sale of pork from hogs that don?t meet the state?s arbitrary production standards, even if the pork was raised on farms outside of California. The Supreme Court just decided to hear a challenge to the law by Farm Bureau and...
Fuel prices stabilize as oil prices show extreme volatility
After a storm of surging prices followed by a week of decline, the national average is virtually unchanged from a week ago, declining just tenths of a penny to $4.23 per gallon.The national average is up 62.4 cents from a month ago and $1.38 per gallon higher than a...
The market for used equipment remains hot
For the past year or more, quality used equipment has been a hot commodity in agriculture. Machinery that is a few decades old is still bringing near new prices. In one instance we heard about a farmer selling a tillage tool for only 10,000 less than he paid for it 25...
U.S. beef safeguard changes critical in Japanese market
The office of the U.S. Trade Representative and the U.S. Department of Agriculture announced changes to Japan's beef safeguard under which higher import tariffs can be imposed on U.S. beef.The U.S. and Japanese governments will now work to finalize and implement the...
