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Soybean marketplace remains quiet despite positive export news
Despite good news for the soybean complex in terms of export demand this week, the markets have not responded with bullish price movement. China has secured at least seven million tons of U.S. soybeans after multiple purchases during the past two weeks. That puts China over halfway towards the 12-million-ton purchase agreement the country made with the United States. Matt Bennett is the CEO and co-founder of AgMarket.Net and he says that despite the good news for the soybean complex, traders...
How you can help create more corn and soybean demand
Going in search of demand for our Iowa Agricultural products. Specifically, increasing the consumption of renewable fuels to increase commodity prices as well as additional revenue streams for producers. There's a big push right now for E15 sales to be made legal...
South American Weather and Crop Update (2-20-24)
Brazil has some good rains still, and Argentina is still dry. However, some nice rains are projected to pass through both countries. Allendale commodity broker Greg McBride gave an update on the latest weather conditions in South America. McBride said harvest and...
Annual USDA Chicken and Eggs Report forecasts increased production
The annual Chickens and Eggs report from USDA shows the U.S. chicken inventory for December 1st up one percent from a year ago and egg production down slightly. American Farm Bureau Federation Economist Bernt Nelson said the report comes as nearly all protein sectors-...
Changing crop patterns help drive farmland prices higher
One of the reasons for shifting farmland prices is changing crop patterns. Randy Dickhut, farmland sales specialist with Agricultural Economic Insights, mentions where some of the most notable changes are taking place. The beginning of the increase in farmland prices...
Pork exports projected to surpass broiler chicken exports
USDA’s long-term projection data shows the volume of U.S. red meat exports in all major categories is projected to grow through 2033. Rising incomes abroad and a moderately declining real exchange rate of the U.S. dollar against the currencies of major agricultural...
South Dakota legislation bans land ownership by “bad actors”
There has been concern all across the United States as to who owns farm land, and whether or not our land is being owned by foreign governments or entities. Even while having one of the most stringent laws in place to prevent this, Iowa is even looking at dotting more...
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Sec Naig wraps up Dairy Month at Thelma’s
Last month was Dairy Month, and to finish off that celebration, Iowa Ag Secretary Mike Naig (a known dairy connoisseur) visited Thelma’s in Des Moines to tour the facility and check out their famous ice cream sandwiches. Highlighting dairy isn’t just for the month of...
USDA releases proposed FMMO updates
The USDA held a 49-day Federal Milk Marketing Order hearing and listened to hundreds of hours of testimony, which resulted in reform proposals released this week. Roger Cryan, chief economist with the American Farm Bureau, said the changes have some positives. Cryan...
Grassley says Vilsack wrong on lowering farm bill expectations
United States Senator Chuck Grassley (R-IA) says USDA Secretary Tom Vilsack’s call for the GOP to lower its farm bill expectations is “wrong.” During a conference call with ag broadcasters this week, Senator Grassley was asked about Ag Secretary Vilsack’s call for...
Mexico to drop plan to cut yellow corn imports
The incoming government in Mexico will discard a key goal of the previous administration to reduce yellow corn imports and achieve self-sufficiency in yellow corn production. Investing Dot Com says the incoming ag minister, Julio Berdegue, says Mexico will focus on...
Pork industry expanding story around the globe
It takes a lot of hard work to market our goods around the globe. American farmers have become so good at what they do to produce food to feed the world that we have more of it than we can consume. The global marketplace is a fickle thing because we aren't the only...
