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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...
June soybean outlook from USDA features small changes
The June WASDE report is typically moved on from quickly because of the importance of the reports at the end of the month. On June 30th the USDA will release the Planted Acreage and Quarterly Grain Stocks reports which will have the potential to move the markets...
EPA biofuel proposal boosts soybean oil demand outlook
A proposal by the Environmental Protection Agency to increase renewable fuel blending requirements through 2027 is drawing strong reactions across the agricultural sector and boosting expectations for soybean oil demand. The proposal would raise Renewable Fuel...
Boozman renews commitment to more farm aid
Senate Ag Chair John Boozman renewed his commitment to more farm aid during a committee hearing this week. Despite acknowledging USDA’s earlier $12 billion in farm aid as a big push for the industry, Boozman pointed out the need for more to be done to stop the...
New markets emerge across Southeast Asia
Southeast Asia is becoming one of the most promising growth regions for U.S. grain exports. Rising populations, expanding economies, and a growing middle class are creating new demand for livestock feed, food ingredients, and transportation fuels across the region....
Most Iowa crops are entering the middle of the season in excellent condition
There haven't been too many road blocks for the crops in Iowa this year. While some storms have been severe, the plentiful weather events have provided plenty of rain. Landus Cooperative Technical Agronomist Dan Bjorklund said he has seen varying corn heights across...
New World Screwworm influence in the ag markets
The initial reaction in the ag marketplace to the first detection of New World Screwworm in a calf in south Texas in early June was a bit surprising to many market analysts. Generally, a negative headline can send the markets to the downside in a dramatic way, at...
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A different perspective on California Proposition 12
California Proposition 12 may be here to stay, as the Senate Farm Bill does not include any legislation to address it. Several swine industry groups, including the National Pork Producers Council, expressed their disappointment in the decision and are working to get...
Honoring family farm dogs across the country
If you think your farm dog has what it takes to be named Farm Dog of the Year, the American Farm Bureau Federation has the contest for you. For Terri Moore, vice president of communications for AFBF, the event sheds light on the importance of dogs on many family...
Boozman seeks to shift foreign food aid to USDA in farm bill
Senate Ag Committee Chair John Boozman says that USDA should operate foreign food aid programs, not the State Department. Boozman, says he hopes to make the switch if he can pass a new farm bill. Most U.S. foreign food aid was transferred to the State Department after...
Missouri River runoff remains well below average
Runoff into the Missouri River Basin remains well below normal, prompting the U.S. Army Corps of Engineers to shorten this year's navigation season. June runoff above Sioux City, Iowa, totaled 2.9 million acre-feet, just 52 percent of average. The Corps now forecasts...
House Ag ranking member calls for stability
House Agriculture Committee Ranking Member Rep. Angie Craig says Congress must do more to address the financial challenges facing American farmers. During a press call with agricultural reporters, the Minnesota Democrat argued that continued economic uncertainty and...
