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Uncertainty around Brazil’s production forecast for 2027
Brazil’s corn and soybean crops could have a major impact on global grain markets. Joanna Colussi, a research assistant professor of agricultural economics at Purdue University, identified fertilizer as the root of the problem. Colussi discussed how the stagnant profit margins put financial stress on farmers. According to her, farmers are now forced to take out loans to cover costs. For Colussi, unfavorable weather could also be a limiting factor in Brazilian farmers' crop...
Growing crush capacity shifts soy demand priorities
For decades, one of the soybean industry's biggest challenges was finding new markets for soybean oil. Today, however, the conversation is changing. Growing demand from renewable diesel and other biofuel markets has helped create new opportunities for soybean oil,...
Swine industry remains cautious about NWS
Earlier this week, the USDA announced that there was an official detection of New World Screwworm (NWS) in the U.S. The pest was found in a three-week-old calf in South Texas. Since NWS is an indiscriminate parasite, all warm-blooded mammals are at risk of infestation...
Ag economy barometer drops in May
The Purdue University/CME Group Ag Economy Barometer dropped in May. Michael Langemeier, director of Purdue University’s Center for Commercial Agriculture, talked about the decline. Farmers appeared to be deeply concerned about current conditions. Langemeier said...
Recapping a disappointing week in the grain market trade
It has been a difficult week of trade in the grains and oilseeds markets to say the least. Corn and soybeans grinded lower to begin the week and then saw significant losses on Thursday and Friday. Matt Bennett is the CEO and co-founder of AgMarket.Net and he tells the...
Livestock groups react to NWS confirmation
U.S. livestock groups reacted to the USDA’s confirmation of the New World Screwworm in South Texas. “The National Cattlemen’s Beef Association and our state partner organizations have been working for more than a year to combat the incursion of the New World...
NASDA prioritizes animal disease preparedness
When I visited Washington, D.C. recently, I had the opportunity to speak with RJ Kearney of the National Association of State Departments of Agriculture about the issues state agriculture leaders are watching most closely. While topics like trade and the Farm Bill...
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New World Screwworm prompts vigilance, not panic
The confirmation of New World Screwworm cases in Texas and New Mexico has put cattle producers across the country on alert. However, veterinarians and livestock industry leaders say producers in the Midwest should remain vigilant without overreacting. New World...
President Trump says he is “not looking to renew” USMCA
Speaking at the White House today, President Trump stated that he is not looking to renew the U.S.-Mexico-Canada Agreement, saying that “we don’t need anything that Canada has, we don’t need anything that Mexico has.” However, this statement comes as the ag industry...
Concerns rising as U.S. oil reserves decline
While still elevated, oil prices have dipped slightly, well off the high-water mark we saw back in April. Patrick DeHaan, the senior petroleum analyst with Gasbuddy.com, says there are several things helping oil prices. Oil prices are also being helped by China,...
Congressman calls for quicker ARC, PLC Payments
House Ag Committee Republican Rick Crawford asked for support from USDA Secretary Brooke Rollins at a recent hearing to help speed up ARC and PLC payments. Arkansas Representative Rick Crawford says that payments can sometimes be delayed by up to a year. Crawford told...
Work underway on a year-round E15 bill in the Senate
Efforts to secure year-round nationwide sales of E15 ethanol fuel remain active in the U.S. Senate, offering renewed hope for corn growers seeking expanded demand for their crop. Senate Majority Leader John Thune of South Dakota said that lawmakers are working on new...
