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U.S. Export Sales Report (10-12-26)
The most recent U.S. export sales report was a continuation of the recent trends for the corn markets, but soybeans were uncharacteristically low as well. Allendale commodity broker Greg McBride said the corn sales were disappointing once again. McBride said the export sales were disappointing for the soybeans as well. Moving forward, McBride said the soybean markets have a couple red flags to keep an eye on. The team at Allendale can be reached by calling 800-262-7538, or you can visit...
Trump administration weighs diesel export ban
Record-high diesel prices are pressuring farmers heading into harvest, and the Trump administration is considering whether restricting diesel exports could provide relief. Treasury Secretary Scott Bessent says officials are examining whether a full or partial export...
China’s ag purchase pledge back in spotlight ahead of Trump-Xi meeting
President Donald Trump and President Xi Jinping of China are set to meet Thursday September 24th in Washington D.C. Jim McCormick, co-founder of AgMarket.net, says that the agriculture industry will be closely following the meeting to determine what agriculture topics...
Oil prices move lower in response to peace talk rumors
After weeks of steady improvement, oil prices traded lower to start this week as they were down 4-5% in Monday’s trading action. Patrick DeHaan, senior petroleum analyst at Gasbuddy.com, said the markets are likely hopeful that the Trump administration is going to...
Naig warns against rushing fall applications
Recent rains have delayed harvest across Iowa, but the wet conditions are also putting more attention on water quality and how farmers manage nutrients and conservation practices heading into the fall. Iowa Secretary of Agriculture Mike Naig says the recent rainfall...
USDA moving to modernize farm loan programs
The USDA is making efforts to streamline the farm loan process, but that’s only one piece of the puzzle that is the current farm economy. The changes to the farm loan program come as farmers face increasingly tight profit margins and greater credit demand. Danny...
ARC and PLC enrollment underway
Enrollment is open now for acreage in the ARC or PLC safety net programs. USDA Farm Production Undersecretary Richard Fordyce says enrollment is open through early December for farmers to choose either program. Fordyce explains the ARC safety net program. He says that...
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More Ag News
Soybean prices plummet following Trump-Xi meeting
After the much-anticipated trade meeting between United States and Chinese trade officials and Presidents Donald Trump and Xi Jinping, the results for U.S. agriculture appear to be a mixed bag. While China did agree to reduce tariffs on a wide range of U.S. farm...
Rain-delayed soybean harvest leaves Midwest processors scrambling for supplies
Persistent rain across parts of the Midwest is delaying the soybean harvest, tightening supplies and forcing processors to offer large premiums for immediate deliveries. Reuters reports some soybean crushing plants have reduced production as old-crop supplies dwindle...
Farm Crawl opens doors to Iowa agriculture
Fall in Iowa means harvest, football, pumpkin patches, and apple orchards. But it can also be an opportunity to get off the highway, travel some of Iowa’s back roads, and see just how many different products are being produced by farms and small businesses across the...
BW Fusion names new CEO
Dean Williams, an ag industry veteran with over forty years of experience, has been named the new CEO of BW Fusion. With experience leading a wide range of ag businesses, Williams said he is excited to bring the company into its next phase of growth in biological crop...
Examining record corn exports
Will the 2026-27 commodity marketing year produce another record for U.S. corn exports? The 2025-2026 marketing year was a record year for U.S. corn exports and USDA Chief Economist Justin Benevidez was asked recently if the 26-27 marketing year can follow that trend....
