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U.S. farmers planted fewer corn acres and more soybeans
Today the USDA published both the Planted Acreage and Quarterly Grain Stocks Reports. Commodity broker Greg McBride of Allendale says there were only slight adjustments to the corn acres from the March planting intentions report. McBride says the soybean acreage number was mostly inline with pre-report estimates within the industry. He details the adjustments to the numbers in the Quarterly Grain Stocks report as well. For more information visit https://www.allendalehub.com/
Mexico GMO corn ban found to violate USMCA
This year will end on a high note for U.S. corn growers as they take a victory in the trade dispute with Mexico. In February 2023, the Mexican government put out two decrees that dealt with corn imports from the U.S. Dave Salmonsen, senior director of government...
Margins improving for many hog producers
On Monday USDA published the latest quarterly hogs and pigs report. Based on the numbers from the quarterly report, hog producers are maintaining balance between production and demand. USDA livestock analyst, Michael McConnell says that margins improved for producers...
U.S. cattle on feed down slightly
Cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 head or more totaled 12 million head on December 1, 2024. That inventory level was slightly below December 1, 2023. Placements in feedlots during November...
Argentina sees more soybeans this year
We watch what happens with our neighbors in South America regarding crop production and its effects on our markets. Brazil is the largest soybean producer and exporter in the world, and Argentina is one of our largest corn competitors. Their production capabilities...
Third stopgap passes with farm, disaster aid
The third time was the charm, as the House and then the Senate passed stopgap funding legislation with farm and disaster aid to avert a midnight Friday government shutdown late last week. The legislation passed 366 to 34, clearing a two-thirds ‘yes’ vote threshold to...
Secretary naig cheers USMCA dispute resolution decision
Iowa Secretary of Agriculture Mike Naig provided the following statement after a United States – Mexico – Canada Agreement (USMCA) dispute resolution panel ruled against Mexico’s baseless decree banning imports of genetically modified corn. “Iowa produces more corn...
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More Ag News
Iowa State University hosts 97th annual Iowa FFA Convention
Iowa FFA members from across the state have taken over Ames for the 97th annual Iowa FFA Convention. As the longtime host for the event, the staff at Iowa State University never pass up the opportunity to network with these future ag industry leaders and show them...
USMEF seminar connects U.S. red meat exporters with African businesses
The U.S. Meat Export Federation (USMEF) hosted a two-day trade seminar in Accra, Ghana, bringing together some 30 U.S. red meat exporters with 76 buyers from 12 African nations. Importers and exporters held direct meetings and heard presentations from USMEF and USDA...
Can modern fungicides combat uncertain outcomes?
Attempting to predict the unpredictable with weather, disease, and even market volatility can leave farmers frustrated. However, controlling what you can control and selecting the right inputs to provide consistent return on investment can provide some peace of mind...
U.S. ethanol exports up 27 percent year-over-year
U.S. ethanol exports have crossed the one-billion-gallon threshold halfway through Marketing Year (MY) 2024/2025, a 27 percent increase from the same period in MY 2023/2024, according to new information from the USDA. The sharp rise in ethanol sales contributed to an...
USB invests in innovation to grow U.S. soy demand
With tighter profit margins and a high carryout on U.S. soybean supplies, the pressure on farmers and the industry to find new avenues for growth has never been greater. As global competition intensifies and market dynamics shift, it's critical that we invest in...
