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AFBF concerned about proposed UP-NS rail merger
The $85 billion merger between Union Pacific and Norfolk Southern railroads would create the first coast-to-coast railroad across 43 states. Danny Munch, economist for the American Farm Bureau Federation, said the big concern is the loss of competitive pressure across the rail system. Munch said rail shippers are incredibly important to agricultural commerce. Munch said rail mergers are reviewed by the Surface Transportation Board and not the Department of Justice. The American Farm Bureau...
Full-scale beef herd rebuild remains on hold
Typically, when beef prices are at a high level in the grocery store and herd numbers are low, the response is a rebuilding of supply. Nate Kauffman, the senior vice president and Omaha branch executive for the Kansas City Fed, says the numbers show there should be...
Secretary Naig calls on Congress for year-round E15 access
Today, Iowa Secretary of Agriculture Mike Naig urged the U.S. House of Representatives’ Rural Domestic Energy Council to find agreement to make year-round E15 available to drivers around the country. Secretary Naig, a longtime biofuels advocate, reinforced the...
Iowa farmers face demand gap as production grows
Iowa farmers continue to push productivity higher, but new demand has not kept pace with that growth. Iowa Renewable Fuels Association Executive Director Monte Shaw told members that agriculture is once again facing a familiar challenge: more grain than existing...
Markets continue to look at South America as harvest continues
There were some recent concerns about dry weather in South America, but the current forecast is now showing ideal conditions for their crops. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said soybean...
Senate Finance Committee looks closely at USMCA trade deal
With the review process of the U.S.-Mexico-Canada Agreement set to begin later this year, the Senate Finance Committee took a closer look at the deal this week. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...
Strong U.S. corn exports continue
Another month-over-month increase is forecasted for our nation's corn exports, according to USDA's latest outlook. World Agricultural Outlook Board Chair Mark Jekanowski discusses the export numbers for the nation’s record corn crop. Jekanowski says one impact from...
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Naig voices frustration over stalled federal E15 progress
Federal movement on year-round E15 access remains uncertain as February winds down, leaving biofuels supporters waiting for clearer direction from Congress. Iowa Secretary of Agriculture Mike Naig says frustration is growing among ethanol advocates who believed...
RFA blames divided oil industry for no year-round E15 deal
The Renewable Fuels Association says that a deal on year-round E15 access could have crossed the finish line if not for infighting between a divided oil industry. Renewable Fuels Association Senior Vice-President Troy Bredenkamp says most of the oil industry was on...
U.S. Export Sales Report (2-20-26)
The weekly export sales report was significantly overshadowed by trade deal news and the Supreme Court’s decision to rule against President Trump’s tariff authority, but that doesn’t change the fact that both the corn and soybean markets saw uncharacteristically good...
Supreme Court rules against President Trump’s tariff authority
In a 6-3 decision, the Supreme Court ruled that President Trump does not have the authority under the International Emergency Economic Powers Act (IEEPA) to enact global tariffs, dealing a major blow to the President’s primary economic strategy. This decision comes...
Trump order protects glyphosate, phosphate production
President Donald Trump signed an Executive Order mobilizing the Defense Production Act to protect the domestic production of elemental phosphorus and glyphosate-based herbicides. The order says these two critical inputs are essential to military readiness and...
