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USDA surprises markets yet again in October WASDE
Once again, the USDA went against expectations for the monthly World Agricultural Supply and Demand Estimates (WASDE) report. The major surprise in the October WASDE was the increase of the corn yield by 2.7 bushels per acre to 181.2 bpa, which raised production estimates. Allendale commodity broker Greg McBride said this data notably lacks information from states like Iowa, which started harvest late due to rain. McBride said this also raises ending stocks for corn, which was a bearish move...
Canada-U.S. trade talks are in limbo
As the Canada-U.S. tariff war continues for targeted industry sectors, trade negotiators on both sides of the border have decided to play the waiting game for now. U.S. Trade Representative Jamieson Greer stated late last week that there is no hurry to get back to the...
Secretary Rollins proclaims October National Cooperative Month
On Thursday Agriculture Secretary Brooke Rollins issued the annual proclamation announcing this month's recognition of our country's cooperatives and their contributions to our national and rural economies. Secretary Rollins also provides statistics on the number of...
USDA expands regenerative agriculture pilot
The U.S. Department of Agriculture is expanding its Regenerative Agriculture Pilot Program for fiscal year 2027, providing $1 billion in financial assistance to producers. USDA says $650 million will be provided through the Environmental Quality Incentives Program,...
Ag groups seek stability in uncertain markets
It has been a week since President Donald Trump and Chinese President Xi Jinping met at the White House, and U.S. agriculture continues to watch for signs that those discussions could lead to stronger trade relationships. Representatives from the ethanol and cattle...
U.S. Export Sales Report (10-1-26)
Following yesterday’s bearish Quarterly Grain Stocks report, this week’s export sales came in mixed for corn and soybeans. Allendale commodity broker Greg McBride said the corn sales are still behind the USDA’s expectations, which will likely cause a correction to be...
Crop harvest pace on track nationally despite Midwest weather delays
Harvest is off to a slow start in Iowa with many farmers unable to begin due to the wet weather conditions in the early portion of the fall season. Despite the delay in harvesting in parts of the Corn Belt and Midwest, USDA meteorologist Brad Rippey says that...
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Historically wet September caused sprouting in Iowa fields
This September was the wettest month in Iowa in roughly 112 years, and farmers are feeling the impacts of that intense amount of rain. Producers in the southern parts of the state have even observed sprouting in their fields, which can reduce grain quality and ruin...
Markets anticipate yield numbers in October WASDE report
Following last week’s Quarterly Grain Stocks Report, attention now turns to the October WASDE report which will be published by USDA at 11 a.m. central time on Friday. Greg McBride is a commodity broker with Allendale, and he says that we could see back and forth...
USMEF-Mexico celebrates 35 years of market development
As the U.S. Meat Export Federation (USMEF) celebrates its 50th anniversary, the organization’s Mexico office is also celebrating 35 years of promoting U.S. beef, pork, and lamb. Gerardo Rodriguez, USMEF’s regional director for Mexico, Central America, and the...
Nearly 130 Choose Iowa members ready to welcome visitors for statewide Fall Crawl
Nearly 130 Choose Iowa members across the state are preparing to welcome visitors on Friday and Saturday, Oct. 9-10, for the second annual Choose Iowa Fall Crawl. The two-day, self-guided event invites Iowans to hit the road, enjoy the fall colors, discover new...
BASF prepares new weapon against soybean cyst nematode
Soybean cyst nematode has been a familiar challenge for Iowa soybean growers for decades, but the pest continues to adapt to some of the tools farmers have relied on to manage it. BASF is preparing to launch Nemisphere in 2028, a new soybean trait designed to provide...
