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U.S. farmers planted fewer corn acres and more soybeans
Today the USDA published both the Planted Acreage and Quarterly Grain Stocks Reports. Commodity broker Greg McBride of Allendale says there were only slight adjustments to the corn acres from the March planting intentions report. McBride says the soybean acreage number was mostly inline with pre-report estimates within the industry. He details the adjustments to the numbers in the Quarterly Grain Stocks report as well. For more information visit https://www.allendalehub.com/
Upcoming beef reports will signify market trends
While U.S. cattle farmers and ranchers have seen high prices for their livestock, that does translate to increased cost for the consumer. Bernt Nelson, an economist with the American Farm Bureau Federation, said there are several upcoming reports that will tell us if...
Potential Canada and Mexico import tariffs and their impact on ag trade
As President Trump takes office for his second term, policy decisions are being made across Washington D.C. that will have wide reaching impacts in the world of agricultural trade. On Monday President Trump announced he is considering enacting 25% tariffs on Canada...
Trump names USDA Undersecretary Nominees
President-elect Donald Trump has announced a slate of undersecretary nominees for the U.S. Department of Agriculture. Via social media, Trump announced that he will nominate Richard Fordyce as Agriculture undersecretary for farm production and conservation; Dudley...
New President, same ag issues persist
As President Trump begins another term, America’s agricultural sector faces critical challenges that demand urgent attention. Farmers and ranchers are grappling with labor shortages, trade disputes, and rising costs—issues that have persisted for far too long. These...
Foot-and-mouth disease in Germany could impact pork trade
Despite a 25% decline in production over the past decade, Germany remains a global leader in pork exports, particularly to the rest of the European Union. However, a recent detection of foot-and-mouth disease (FMD) in a water buffalo herd at a small exotic farm near...
Beef supplies tightening, how will that impact prices?
USDA released its latest publication for beef production year over year and the report provides indications regarding steer price projections for 2025. That is World Agricultural Outlook Board Chair Mark Jekanowski who says the lack of cattle being imported from...
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Caitlin Clark Foundation and Hy-Vee donate over $300k to Feeding America
Today, Hy-Vee and the Caitlin Clark Foundation presented a donation of $300,802.85 to Feeding America at the Food Bank of Iowa. The donation, which is the result of a round-up campaign held across all Hy-Vee stores this past March, will provide three million meals to...
South American Weather and Crop Update (5-6-25)
While the weather is nice and clear in South America, it’s still notably dry. Allendale commodity broker Greg McBride said the weather is supportive for harvest progress in the short term, but the dryness could become concerning if it continues for too long. As it has...
Clean fuels industry contributes over $40 billion to U.S. economy
A new study commissioned by Clean Fuels Alliance America shows the U.S. biomass-based diesel industry generated $42.4 billion in economic activity in 2024, supported 107,400 jobs and paid $6 billion in annual wages. According to the report, nearly half of the total...
April rainfall delivers drought relief
April delivered on its promise of April showers and helped to shrink drought coverage across the nation with much needed rainfall. USDA meteorologist Brad Rippey says the latest U.S. Drought Monitor looks much improved to begin May. Rippey says that last fall’s peak...
Iowa Corn, Hy-Vee, Growth Energy partner on Unleaded 88 branding
On Monday, Iowa Corn and Growth Energy announced that they have partnered with Hy-Vee to update the branding for Unleaded 88 at Hy-Vee Fast & Fresh convenience stores across the Midwest. Unleaded 88 is a fuel blend with 15% ethanol, usable in 96% of today’s cars...
