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July WASDE report indicates tight grain supplies
The July WASDE report was projected to be a friendly one, and it turned out to be even more friendly than expected. A significant cut to corn supplies and tightened supplies for soybeans and wheat indicate that there isn’t much leeway for weather issues in the back half of the growing season. Allendale commodity broker Greg McBride said the overall reduction to the old crop corn stocks was larger than expected. McBride said there was virtually no change to the corn production numbers. The...
Gas prices experiencing momentary relief
Oil prices have dropped roughly $10 a barrel in the past week, which was tumultuous to say the least. Patrick DeHaan with Gasbuddy.com said a lot of this turbulence and unease is happening because of President Trump's tariffs coming in more significant than expected,...
Making a list and checking it twice before planting season
Preparing for the growing season means a lot of maintenance and check lists for growers. Some of the items on the check list are obvious, seed selection, planter maintenance and optimization, and field work. However, there are several factors that might not be top of...
Trump tariff pause appreciated by farmers
Farmers across the U.S. were pleased to hear most countries will get a 90-day reprieve from the new individualized tariffs announced April 2—an opportunity for negotiations with our trading partners that could lead to consensus and potentially avoid permanent tariffs,...
Crop nutrition is more important than ever
With the ag economy facing mounting pressure from rising input costs, unpredictable weather, and tightening margins, this season is shaping up to be one of the most challenging in recent memory. Farmers are feeling the weight of uncertainty, and every decision carries...
Friendly April WASDE report meets quiet market expectations
With the intense volatility we are experiencing in the ag economy right now, the commodity markets are closely watching every single headline that pops up in the news. Today brought the release of the April WASDE report, which is the first major ag report to be...
Tariff volatility continues with 90-day pause
The past week has been full of tariff whiplash. President Trump yesterday announced a 90-day pause in the reciprocal tariffs in place on many U.S. trading partners. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...
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Markets decided to sell off in reaction to July WASDE
There were slight expectations that the USDA would adjust corn yields in this month’s WASDE report, but that did not end up happening. And while the report as a whole was still fundamentally friendly to the marketplace, the commodity prices did not like missing out on...
One Big Beautiful Bill contains both wins and losses for Iowa producers
The reconciliation bill, referred to as the One Big, Beautiful Bill, was signed into law. The reaction across the ag industry was mixed, with many farmers celebrating the tax provisions while also lamenting the cuts to SNAP benefits. Mike Stranz, Vice President of...
Iowa’s wet July fueling foliar disease concerns
The state of Iowa continues to receive persistent rainfall which is leading to near ideal conditions for fungal diseases to flourish. John Long is a retail sales agronomist with Brevant seeds and he covers the southwest and west central portions of Iowa. He says that...
Food spending increases from 2023-2024
USDA says per capita total U.S. food spending increased 3.2 percent from 2023 to 2024, slightly outpacing the 2.3 percent increase in food prices during the same period. That showed a stronger demand for food despite higher prices. However, national trends in sales...
GROWMARK launches the “FS Start to Finish” Brand Campaign
Growmark FS has introduced a new brand campaign, “Start to Finish,” aimed at highlighting the company’s commitment to being a reliable partner throughout every stage of the growing season. Whether it’s selecting the right seed, applying fertility and crop protection...
