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South American Weather and Crop Update (5-13-26)
Despite weather concerns for the crops in Brazil, the USDA increased the crop projections for both Brazil and Argentina in the latest WASDE report. Allendale commodity broker Greg McBride said he was expecting to see a cut to the Brazil crop, which is still possible for the next WASDE report. McBride said the Brazilian forecast still contains plenty of dry weather. At the very least, the dry weather in South America is allowing for harvest progress to continue. The team at Allendale can be...
Court upholds Iowa agriculture trespass laws
The 8th Circuit Court unanimously overruled a District Court and upheld Iowa’s 2019 and 2021 agriculture trespass laws as constitutional this week. After several organizations challenged the new law, the district court concluded that the intent requirement renders the...
Red Sea Pirates continue to impact global trade
It is bad enough when our shipping is affected by natural occurrences like drought in the Mississippi River and the Panama Canal. It puts a big obstacle in the shipping lanes and increases costs and shipping times. But when the problems are manmade, it becomes an even...
South Dakota-based Ringneck Energy joins American Carbon Alliance
Today the American Carbon Alliance (ACA) announced that Ringneck Energy has joined as a member of the ACA. Ringneck Energy is located in Onida, South Dakota, and has been in operation since 2018. They have partnered with Summit Carbon Solutions, and their plant is...
South American Weather and Crop Update (1-9-24)
There are still some dry areas in Brazil, but, for the most part, there’s been a healthy amount of rain for the region. However, there are now concerns that the rain could actually start to impact harvest progress. Allendale commodity broker Greg McBride gave an...
Case IH recognizing its past while focusing on the future
The 2024 Case IH tractor lineup delivers more purposeful design, technology, and performance. This year’s lineup includes the company’s most powerful tractor ever – the Steiger 715 Quadtrac. Fran Rosenquist, a farmer from Atwater, Minnesota, said the 715’s power and...
Spending deal raises hopes of averting government shutdown
A deal for overall spending in 2024 has improved the outlook of avoiding the first of two government shutdown deadlines, with individual spending for the USDA and other key departments still to be completed. The deal largely gives Democrats the domestic and defense...
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More Ag News
REAP funds available for rural renewable energy projects
The U.S. Department of Agriculture is announcing $145 million in funding for 700 loan and grant awards through the Rural Energy for America Program, or REAP, to help agricultural producers and rural small business owners make energy efficiency improvements and...
Bearish Quarterly Grain Stocks and Acreage Reports stunts grain markets
The Quarterly Grain Stocks Report had a bearish tilt to it today, as most of the numbers came in higher than expected. The Acreage Report had an even greater bear effect to the grains, as both corn and beans came in differently than what was predicted. Allendale...
NCBA pushes back against lab-grown meat in the U.S. military
In one of their most recent Beltway Beef Podcast episodes, the National Cattlemen’s Beef Association talked about a new project being introduced by the Department of Defense. The National Defense Authorization Act is used to fund the DoD and projects within it. The...
Cattle producers celebrate supreme court decision
The National Cattlemen’s Beef Association welcomed the Supreme Court’s decision that reins in the legal concept of Chevron deference and will reduce overreaching regulations from federal agencies that lack congressional authority. “Elected officials in Congress should...
ISA Experience Class showcases the entire soybean ecosystem
The 2024 Iowa Soybean Association Experience Class will take place July 22nd-24th. The class will meet for three days and will travel across the state of Iowa to tour and learn about the soybean industry. Participants will develop insights on soybean research, new...
