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Impacts of Argentina’s export tax cut
It was recently announced that Argentina cut its export tax by 2%, which creates even more of a price gap with U.S. soybean prices. However, the global demand situation is too complex to trade just on prices alone. Allendale commodity broker Greg McBride said the private buyers will likely follow the prices. On the other hand, the government agencies will likely continue with their purchases of U.S. soybeans due to the trade deal framework. The team at Allendale can be reached by calling...
Secretary Naig requests nominations for renewable fuels marketing awards
Iowa Secretary of Agriculture Mike Naig today invited Iowans to nominate fuel marketers and gas stations in their communities for the Renewable Fuels Marketing Awards. The Secretary’s annual awards recognize retailers that go above and beyond in their efforts to...
Grain bags find second life through recycling
It’s that time of year when harvest is winding down and farmyards across the Midwest are filling up with leftover grain bags. They’ve served their purpose, but now comes the question of what to do with them. Most grain bags are designed for single use, and that means...
USDA to issue full November SNAP benefits
On Friday, the U.S. Department of Agriculture (USDA) issued a letter to SNAP State Agency Directors informing them that it will be releasing full November SNAP funding. The move is in compliance with a federal court order issued Thursday by the District Court of Rhode...
Chinese trade deal framework may not be as bullish as it seems
With the lack of government reports we’ve seen during the shutdown, the ag marketplace is desperately searching for any news to react to. The Chinese trade deal framework provided a decent shot of energy to the market prices, but the deal may not be as bullish as it...
Ag Economy Barometer looks ahead to 2026
The Purdue University/CME Group Ag Economy Barometer is a monthly index that measures the economic sentiment of U.S. agricultural producers. It is used as a weathervane to determine general farmer sentiment of the ag economy in the present while also looking towards...
Phosphate, potash added to critical minerals list
The United States Geological Survey has added both phosphate and potash to the federal list of minerals considered critical to national security and economic stability. The decision—published Thursday by the U.S. Department of the Interior—raises the total number of...
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Governor Reynolds, ISU, and BioMADE break ground on new $40M biomanufacturing facility
Today, BioMADE, the State of Iowa, Iowa State University (ISU), and Iowa State University Research Park celebrated the groundbreaking of a new pilot-scale bioindustrial manufacturing facility near Ames, Iowa. Scheduled to open in 2027, the 15,000 sq. ft. multi-user...
Flash sale data shows that China has not made big U.S. purchases yet
Last Friday was the first WASDE report since the end of the government shutdown. While the markets have already from recovered from that report, there is still plenty of information that was released that the markets will continue to look at. Allendale commodity...
What to expect from La Nina weather pattern this winter
It has been over a month since the National Weather Service officially declared the La Nina weather pattern for North America this winter. USDA meteorologist Brad Rippey says a La Nina winter has been the norm in recent years. Rippey describes the winter weather that...
Jay Theiler of Agri Beef Company elected chair of USMEF
The U.S. Meat Export Federation (USMEF) concluded its Strategic Planning Conference in Indianapolis Friday with election of new officers. Chairing USMEF for the 2025-26 term is Jay Theiler, executive vice president of corporate affairs for Agri Beef Company in Boise,...
Naig: USDA is back and Iowans stayed committed
The federal government is back open following the longest shutdown in United States history. Congress reached an agreement late last week, the President signed it, and agencies have been working their way back to normal ever since. USDA entered the restart period in a...
