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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, which, over the past couple of months, reduced its import consumption dramatically, falling from 11 million barrels of oil a day before the war to a little over nine million barrels in April. DeHaan added that those numbers could drop...
Findings from April Cattle on Feed Report
The Cattle on Feed Reports from USDA provide a look at the inventory of cattle in feedlots throughout the United States. The April Cattle on Feed Report shows another year over year decrease according to USDA livestock analyst Michael McConnell. McConnell points out...
U.S. to use tariff funds to offset high fertilizer prices
The Trump administration is preparing to direct tens of billions of dollars from tariffs and renegotiated trade deals toward strengthening domestic fertilizer production, according to Agriculture Secretary Brooke Rollins. Speaking before lawmakers during a House...
AG trade deficit drops 42 percent
New numbers from USDA show progress in reducing the U.S. agricultural trade deficit, but officials say there is still more work ahead to return to a long-standing trade surplus. USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg says when the...
Iowa FFA members fight food insecurity at annual convention
Since 2012, Iowa FFA members have helped package pre-made meals to fight food insecurity during the annual Iowa FFA Leadership Conference. Servant leadership is one of the core values of the FFA, which means that events and opportunities like this truly resonate with...
USDA launches National Proving Grounds Network for AgTech
USDA’s recently launched National Proving Grounds Network for AgTech is designed to help ag-tech companies develop products that can help farmers be more profitable and successful through real world testing. USDA Under Secretary for Research, Education, and Economics...
Senators introduce bill aimed at stabilizing farm labor costs
U.S. Senator Ted Budd of North Carolina and several Republican colleagues have introduced legislation aimed at stabilizing agricultural labor costs and providing greater certainty for farmers. The proposal, known as the Farmworker Access and Retention Modernization,...
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Farm Bureau applauds House passage of 2026 farm bill
After several months of work and negotiation, the House of Representatives passed the Farm, Food, and National Security Act of 2026, also known as the farm bill, with a bipartisan vote. Brian Glenn, director of government affairs for the American Farm Bureau...
U.S. Export Sales Report (4-30-26)
This week’s export sales continued the recent trends we have seen. Allendale commodity broker Greg McBride said the corn sales had another strong report. The soybean sales, however, were disappointing once again. Additionally, there have been no flash sales since last...
Demand for soy oil driving price to the upside
When petroleum diesel prices rise, renewable diesel and biodiesel become more competitive. As the crude oil price has climbed in the weeks since the beginning of the war in Iran, soy oil prices have followed suit. However, it’s not just the war that is causing price...
Farmers face another year of tight margins
U.S. farmers are entering another growing season with tight profit margins as lower crop prices, elevated input costs, and trade uncertainty weigh on the outlook for 2026. Corn and soybean prices remain below levels seen during recent highs, while expenses for...
Prop 12 repeal rides with Farm Bill to House floor
As the House prepares to take up the Farm Bill this week, pork producers are watching closely to see if Congress will finally address California’s Proposition 12. The National Pork Producers Council has made repeal of Prop 12 one of its top priorities, and Todd...
