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Funds continue to liquidate long positions in grain markets
Corn and soybeans finished in the green at the Friday close, with slight gains for corn and modest gains for soybeans. However, for the most part the corn and soybeans have been in a consistent move to the downside for the better part of two months. A big part of that downward price movement is harvest pressure which is reflected in the grain markets as farmers continue to harvest and market grain throughout the fall. Matt Bennett is the CEO and co-founder of AgMarket and he tells the Iowa...
The impact of U.S. farmers and ranchers on USDA trade missions
United States agricultural groups are frequently engaged in trade missions and visits to international markets in the hopes of strengthening and expanding relationships and trade to overseas markets. A common theme from those visits to international markets is that...
Secretary Naig invites community meat lockers to apply for Choose Iowa butchery equipment grants
Iowa Secretary of Agriculture Mike Naig today invited small-scale meat processors and custom lockers to apply for a Choose Iowa Butchery Innovation Equipment Only Grant. Eligible businesses may receive up to $20,000 of state funding to purchase cold storage, meat...
Global fertilizer disruptions raise concerns for Iowa farmers
As Iowa farmers prepare for fall fertilizer applications, questions about supplies and prices are becoming increasingly important. Continued conflict in the Middle East is disrupting global fertilizer markets, while trade uncertainty between the United States and...
USDA surprises markets yet again in October WASDE
Once again, the USDA went against expectations for the monthly World Agricultural Supply and Demand Estimates (WASDE) report. The major surprise in the October WASDE was the increase of the corn yield by 2.7 bushels per acre to 181.2 bpa, which raised production...
Ethanol exports on track to hit another record
Ethanol exports are on track to set another record according to USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg. Lindberg says that new and expanded overseas markets are increasing foreign demand and driving a likely third record year of...
NCBA says MCOOL wouldn’t drive beef demand
The Senate Agriculture Committee's version of the Farm Bill includes mandatory country of origin labeling. This comes after a significant push for consumer transparency. However, National Cattlemen's Beef Association Senior Vice President of Government Affairs Ethan...
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More Ag News
More farmers using drones than ever
Just a few years ago, drones were a novelty in the agricultural world. Today they are being used in ever increasing numbers and are becoming a major part of farming operations across the country. Bernt Nelson, an economist with the American Farm Bureau Federation,...
Chinese buyers book another large round of U.S. soybeans
Chinese state-owned trading firms have purchased another 10 to 13 cargoes of U.S. soybeans, adding to a major round of buying earlier this week and signaling renewed demand from China. Reuters reports the latest purchases are scheduled for shipment between December...
Soybean checkoff partnerships drive new market opportunities
The uses for American soybeans have expanded well beyond traditional food and livestock feed markets. From renewable fuels and building materials to everyday products, soybeans are finding their way into an increasing number of applications. Developing those markets,...
Strong winds could damage weakened Iowa crops
Rain in central Iowa has provided more delays for farmers, and now the risk of strong winds could put some fields at risk of significant damage. Landus Cooperative Technical Agronomist Dan Bjorklund gave an update on the latest Iowa crop conditions as harvest season...
Russia-Ukraine war pushing oil prices higher again
Oil prices moved higher at the start of the week, driven primarily by ongoing attacks between Russia and Ukraine. While oil prices inched higher, Patrick DeHaan with Gasbuddy.com noted that fuel prices were more mixed. California currently has the highest national...
