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Recapping a disappointing week in the grain market trade
It has been a difficult week of trade in the grains and oilseeds markets to say the least. Corn and soybeans grinded lower to begin the week and then saw significant losses on Thursday and Friday. Matt Bennett is the CEO and co-founder of AgMarket.Net and he tells the Iowa Agribusiness Radio Network that Thursday’s big price movement to the downside left producers feeling pessimistic to close the week. He details some of the losses for the corn contracts. One of the biggest drivers of the...
U.S. soybean supply to rebound in 2024-2025 marketing year
The U.S. soybean supply for marketing year 2024-2025 is forecast at 4.8 billion bushels, eight percent higher than the previous marketing year but down 20 million bushels from last month’s forecast. According to the National Agricultural Statistics Service Acreage...
The Midwest will enjoy a little bit of a cooldown
On Monday, we saw storms roll across central and eastern Iowa, which rolled to the Indiana/Ohio border. Rain, hail, tornadoes, and high wind gusts were recorded after what NOAA classified as a derecho. Wind gusts of over 100 miles an hour were recorded near New Vienna...
South American Weather and Crop Update (7-16-24)
For the most part, the weather is still dry in Brazil and Argentina. While this is creating long-term concerns, it is at the very least allowing harvest to progress at a brisk pace. Allendale commodity broker Greg McBride gave an update on the latest conditions....
AFBF challenges rule that destabilizes ranching
A total of 12 groups sued the Bureau of Land Management, saying the new Public Lands Rule threatens the future of ranching in the U.S. by destabilizing a long-time tradition of grazing on federal lands. Travis Cushman, deputy general counsel for AFBF, said there are...
Grassley discusses commodity prices and the ag economy
United States Senator Chuck Grassley (R-IA) spoke with farm broadcasters and reporters on Tuesday and commented on the current state of the ag economy. With lower commodity prices Grassley stressed the need for updated reference prices in a new five-year farm bill. He...
Clean Fuels supports letter on higher RFS volumes
A bipartisan group of 37 House members sent a letter to EPA Administrator Michael Regan encouraging him to support biomass-based diesel and advanced biofuel volumes that fully account for availability and production capacity. Clean Fuels thanked all the...
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More Ag News
U.S. ag commodities have always worked together
For many generations, both corn and soybeans have been a high-quality feed for livestock, and the livestock have provided rich manure to fertilize the crops. Gordon Spronk, vice president of the National Pork Board, said the sustainability circle between livestock and...
The correct seed decision considers more than just yield
The first decision of a producer’s growing season is also one of the most important. Selecting the right seed. Not only for your operation but for each segment of your operation, down to the specific field. Robert Cossar is a market activation manager with CROPLAN and...
Secretary Naig opens sign-up for crop insurance discount program
Iowa Secretary of Agriculture Mike Naig announced today that the sign-up for the state’s Crop Insurance Discount Program is now open and available. Farmers who planted cover crops this fall can apply for a $5 per acre discount on their spring crop insurance premiums....
USMEF participates in USDA trade mission to Morocco
USDA this week is leading a delegation of 50 ag companies and organizations on a trade mission to Morocco. U.S. Meat Export Federation (USMEF) Africa Representative Matt Copeland said Morocco is a key trading partner with a free trade agreement and a growing middle...
HPAI should wane over the winter, but the battle is not over
Snow is now on the ground in Des Moines. With this cold snap, it is safe to say that winter has arrived. It comes with many challenges and frustrations, but there are also positives. One of those positives is the expected seasonal slowdown of H5N1 or High-Pathogenic...
