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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...
Fendt Lodge is set to open on May 1st
On May 1st, Fendt plans to open a new, state-of-the-art facility in Jackson, MN called the Fendt Lodge. The Lodge will be a facility in which farmers can come and experience the new equipment that is coming out, try simulators of the new equipment, and where product...
Conservation efforts having a real impact on emissions
The EPA recently released the Inventory of U.S. Greenhouse Gas Emissions and Sinks: 1990-2022, which shows that the ag industry decreased its greenhouse gas emissions in 2022. American Farm Bureau Federation Economist Danny Munch explains the results. The EPA...
Consumer education increasing pork demand in Central America
U.S. pork exports to Central America were outstanding last year and the momentum has continued in 2024. Lucia Ruano, U.S. Meat Export Federation (USMEF) representative in the region, said that consumer education workshops, funded through support from USDA and the...
Senators continue pushing for summertime E15 waiver
Senators Chuck Grassley (R-IA), John Thune (R-SD), and Dick Durbin (D-IL) are calling on the administration to permit nationwide E15 sales this summer. They sent a letter underscoring the geopolitical importance of uninterrupted biofuel access and noted that the...
Carbon pipeline agreement reached in Nebraska
Carbon pipelines have been a hot topic across the Midwest these past years. Companies that want to produce lower-carbon ethanol for sustainable aviation fuel (SAF) need a way to get rid of the carbon that is produced. The pipelines are planned to go across the Midwest...
Expanded soybean processing capacity bringing added value to growers
The number of soybeans that can be processed to feed the growing biofuels market is ever increasing thanks to expanded infrastructure that is in place or being built in the next few years. That is Grant Kimberley, the senior director of market development with the...
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Chevron talks Iowa investments at 2024 Iowa State Fair
Saturday, August 10th was Chevron Day at the Iowa State Fair. Stacy Orlandi, President of Chevron Renewable Energy Group, highlighted Chevron's investments in Iowa, particularly focusing on a recent acquisition. Orlandi talked more about the Ames location, especially...
U.S. Export Sales Report (8-15-24)
The marketplace’s focus within the U.S. Export Sales report has shifted as we approach the end of the marketing year. Allendale commodity broker Greg McBride gave an update on the latest numbers. McBride said the bean exports are already sentenced to a disappointing...
439 Century and heritage farm families honored at the 2024 ISF
Iowa Secretary of Agriculture Mike Naig and Iowa Farm Bureau Federation President Brent Johnson honored 439 Iowa farm families with Century or Heritage Farm designations at the 2024 Iowa State Fair. The program celebrates farms that have been owned by the same...
Governor Reynolds talks about Ag showcase at ISF
As we have talked about in the weeks leading up to the fair and during the fair itself, Iowa’s agriculture industry is on full display during the Iowa State Fair. Whether it is the cattle, hogs, sheep, chickens, or Christmas Trees; Iowa Farmers have a lot to be proud...
Power Up Iowa Day highlighted clean power’s impact in Iowa
This week is American Clean Power Week at the Iowa State Fair, and yesterday was Power Up Iowa Day, as officially declared by Governor Kim Reynolds. American Clean Power (ACP) CEO Jason Grumet said Iowa has been a big part of the clean power industry for decades....
