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Impacts of Argentina’s export tax cut

Impacts of Argentina’s export tax cut

It was recently announced that Argentina cut its export tax by 2%, which creates even more of a price gap with U.S. soybean prices. However, the global demand situation is too complex to trade just on prices alone. Allendale commodity broker Greg McBride said the private buyers will likely follow the prices. On the other hand, the government agencies will likely continue with their purchases of U.S. soybeans due to the trade deal framework. The team at Allendale can be reached by calling...

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USDA to provide $7 million for advanced biofuel production

USDA to provide $7 million for advanced biofuel production

USDA announced Friday that it is making $7 million available nationwide to advanced biofuel producers through the Advanced Biofuel Producer Payment Program, Secretary Brooke L. Rollins said. The funding, authorized under the One Big Beautiful Bill, will support...

Producers urged to rethink screwworm wound risks

Producers urged to rethink screwworm wound risks

Producers have received plenty of updates from USDA about New World Screwworm, most of which focus on border surveillance, wildlife movement, and federal protocols. But the greatest threat to livestock may not be at the border at all. It may be on the farm, where...

CLAAS FARMPOINT can bring repairs to the field

CLAAS FARMPOINT can bring repairs to the field

Fourteen months ago, Ziegler Ag that it would no longer do parts services or sales for CLAAS combines. Since then, CLAAS has started several FARMPOINT locations in Iowa in order to fill in that service void. Daryl Theis, head of sales and marketing at CLAAS, said they...

Impacts of Argentina’s export tax cut

Questions remain with U.S.-China trade deal

It’s been an interesting time in the soybean market, especially when it comes to trade with China. Initially, it was great to hear that the U.S. and China agreed to a trade framework that included China making U.S. soybean purchases. Jim McCormick, chief operating...

Record ethanol exports are expanding on strong demand

Record ethanol exports are expanding on strong demand

U.S. ethanol exports climbed sharply in August, driven by record sales to Canada and the European Union, federal trade data show. Shipments reached 188.8 million gallons, a 15% increase from July and 24% higher than a year earlier. Canada remained the top buyer at...

USDA to provide $7 million for advanced biofuel production

Revised USDA report schedule released

On Thursday USDA’s National Agricultural Statistics Service issued an updated release schedule for reports impacted by the recent government shutdown. Lance Honig of the National Agricultural Statistics Service says some of the reports can be released more quickly...

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Cattle supplies in the U.S. remain tight

Cattle supplies in the U.S. remain tight

Cattle supplies blamed for high beef prices remain tight, according to the latest USDA cattle reports. That’s USDA livestock analyst Michael McConnell who says that all of the data on cattle shows just how low supplies are right now. He points to several factors that...

Weekly exports of soybeans and corn decline

Weekly exports of soybeans and corn decline

Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21...