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European weather supports wheat prices

European weather supports wheat prices

The wheat market started the week after the Fourth of July holiday with a strong rally as traders responded to weather concerns in Europe. Although prices have since given back some of those gains, uncertainty surrounding overseas production continues to lend support to the market. While wheat is not a major crop in Iowa, changes in wheat prices can still influence corn markets as traders often move money across multiple grain commodities. Oklahoma State University assistant professor of crop...

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Boozman defends excluding Prop 12 from farm bill

Boozman defends excluding Prop 12 from farm bill

Senate Ag Chair John Boozman shares reasons for his decision not to limit the out-of-state reach of California’s Prop 12 restriction on extreme animal confinement in his farm bill draft. Boozman says although Republicans are ready to vote to restrict California’s...

How El Niño will impact agriculture

How El Niño will impact agriculture

The weather pattern shifting to El Niño this year has been a topic of conversation in weather forecasts for some time. Chad Merrill, senior meteorologist at AccuWeather, says the El Niño weather pattern arrived earlier this month. Merrill says the forecast for July is...

Grain markets brace for key USDA reports

Grain markets brace for key USDA reports

Grain traders are positioning for one of the most closely watched government report releases of the year as USDA prepares to issue its Planted Acreage and Quarterly Grain Stocks reports on Tuesday. Market analysts say the reports could significantly influence corn,...

U.S. Export Sales Report (6-29-26)

U.S. Export Sales Report (6-29-26)

Last week’s export sales held a couple of surprises, particularly in the corn exports. Allendale commodity broker Greg McBride said the corn sales may look disappointing, but they were actually good compared to the 5-year average. McBride said the soybean sales were...

Iowa officials confident in screwworm strategy

Iowa officials confident in screwworm strategy

While New World Screwworm remains confined to parts of Texas, New Mexico, and Mexico, animal health officials are focused on making sure it stays that way. Although the insect is still hundreds of miles from Iowa, state and federal officials are relying on a proven...

What to expect from the USDA acreage and grain stocks reports

What to expect from the USDA acreage and grain stocks reports

On Tuesday June 30th USDA will publish the planted acreage and quarterly grain stocks reports. These reports typically have been known to move the ag marketplace one way or the other based on the updated numbers for planted acreage and the grain on hand in the stocks...

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Thinking about fall diesel fuel needs

Thinking about fall diesel fuel needs

Crude oil prices are returning to levels that were familiar before the United States war with Iran, but diesel and gasoline prices are still higher. It is expected that diesel and gasoline prices will recede to normal levels, but it may take a few months, probably at...