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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...
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...
U.S. Export Sales Report (4-12-24)
On top of the disappointing WASDE report, export sales were not great this week. Allendale commodity broker Greg McBride started off his analysis with the corn numbers. While this is the first disappointment we’ve seen in the corn exports in a while, McBride said this...
How El Niño and La Niña patterns will affect the growing season
Farmers Business Network recently released a report detailing how El Niño will impact U.S. farmers this year. This growing season farmers are set to face a unique combination of El Niño in the spring and early summer and then a transition to La Niña conditions in the...
End of July Cattle Report will hurt beef industry
The USDA National Agricultural Statistics Service (NASS) recently announced it will no longer issue the July Cattle Report. Additionally, the agency is discontinuing the county estimates for crops and livestock and the Cotton Objective Yield Survey starting in the...
U.S. ethanol industry comments on Brazilian ethanol tariffs
The U.S. Grains Council, Growth Energy, and the Renewable Fuels Association jointly submitted comments to the Brazilian Chamber of Foreign Trade regarding the Brazilian tariff on imported U.S. ethanol. In October 2023, Brazil’s association of fuel importers formally...
Pork producers cautious but optimistic
The pork industry has been dealing with a lot of headwinds as we end the first third of 2024. While prices are going a little higher, consistency has been an issue. Markets have seen many radical shifts, many of which have not been good. However, uncertainty has not...
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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....
Iowa officials recognize 44 Iowa Farm Environmental Award winners
Iowa Governor Kim Reynolds, Lieutenant Governor Adam Gregg, Secretary of Agriculture Mike Naig, and Department of Natural Resources Director Kayla Lyon today recognized 44 Iowa farm families with Iowa Farm Environmental Leader Awards at the 2024 Iowa State Fair. The...
Connecting with soybean growers in Iowa and across the nation
Iowa Soybean Association board members are elected to three-year terms and are eligible to serve three consecutive terms. Pat Swanson is wrapping up her ninth year on the Iowa Soybean Association board and says that her third term is set to wrap up soon. Swanson says...
Officials want fix for foreign-owned farmland disclosure process
Senate Ag Committee members Chuck Grassley (R-IA), John Fetterman (D-PA), and Joni Ernst (R-IA) are asking the USDA to improve its process for foreign-owned farmland disclosures. The letter follows alleged inaccuracies posted online by the Farm Service Agency under...
Ukrainian Ambassador Markarova visits Iowa and State Fair
The Russian invasion of Ukraine started over 900 days ago, and the fighting continues. In the last weeks, the Ukrainian forces have liberated over 50% of the land that the Russian military took control of as the invasion started. Ukraine has been looking for help...
