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Iowa farmers closely watching as corn futures climb above $5

Iowa farmers closely watching as corn futures climb above $5

August is often when the picture begins to clear up on yields and the market begins to gain confidence in the numbers. Although there is a wide range of factors that are exerting influence on the corn marketplace right now, traders are betting on smaller yields than they were earlier in the summer. On Thursday corn futures contracts mostly closed in the five-dollar range, which might have seemed unlikely early in the growing season. John Heinberg is a Market Advisor with Total Farm Marketing...

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Full-scale beef herd rebuild remains on hold

Full-scale beef herd rebuild remains on hold

Typically, when beef prices are at a high level in the grocery store and herd numbers are low, the response is a rebuilding of supply. Nate Kauffman, the senior vice president and Omaha branch executive for the Kansas City Fed, says the numbers show there should be...

Secretary Naig calls on Congress for year-round E15 access

Secretary Naig calls on Congress for year-round E15 access

Today, Iowa Secretary of Agriculture Mike Naig urged the U.S. House of Representatives’ Rural Domestic Energy Council to find agreement to make year-round E15 available to drivers around the country. Secretary Naig, a longtime biofuels advocate, reinforced the...

Iowa farmers face demand gap as production grows

Iowa farmers face demand gap as production grows

Iowa farmers continue to push productivity higher, but new demand has not kept pace with that growth. Iowa Renewable Fuels Association Executive Director Monte Shaw told members that agriculture is once again facing a familiar challenge: more grain than existing...

Markets continue to look at South America as harvest continues

Markets continue to look at South America as harvest continues

There were some recent concerns about dry weather in South America, but the current forecast is now showing ideal conditions for their crops. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said soybean...

Senate Finance Committee looks closely at USMCA trade deal

Senate Finance Committee looks closely at USMCA trade deal

With the review process of the U.S.-Mexico-Canada Agreement set to begin later this year, the Senate Finance Committee took a closer look at the deal this week. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...

Strong U.S. corn exports continue

Strong U.S. corn exports continue

Another month-over-month increase is forecasted for our nation's corn exports, according to USDA's latest outlook. World Agricultural Outlook Board Chair Mark Jekanowski discusses the export numbers for the nation’s record corn crop. Jekanowski says one impact from...

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Naig: Trade relationships must stay strong

Naig: Trade relationships must stay strong

Iowa farmers rely on strong export markets, and two of the most important remain Canada and Mexico. But a planned trade mission to Mexico has been postponed. Iowa Secretary of Agriculture Mike Naig says safety concerns tied to cartel activity and travel disruptions...