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August WASDE report drove U.S. grain prices higher

August WASDE report drove U.S. grain prices higher

Overnight news of attacks on two Russian shipping ports had the markets higher to start the day, and the August WASDE report brought a few surprises that allowed to grain markets to hold on to those gains and go even further. Allendale commodity broker Greg McBride said the corn side of the report contained lower yields, increased acreage, and decreased ending stocks. McBride said the corn markets will need support from either the wheat or soybeans markets to get a foothold to climb higher,...

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U.S. bison gains duty-free access to European Union

U.S. bison gains duty-free access to European Union

Under a newly implemented tariff rate quota (TRQ), U.S. bison now has duty-free access to the European Union. The TRQ is for 3,000 metric tons annually. As National Bison Association Executive Director Jim Matheson explains, U.S. bison has been gaining interest in the...

Weather forecast keeping pressure on corn and soybean marketplace

Weather forecast keeping pressure on corn and soybean marketplace

While there are a lot of factors that are exerting influence on the grains in the ag marketplace, including the crude oil price and the stock market, the main influence remains the weather forecast. While the forecast is positive in terms of crop conditions and...

Record ethanol blend rate lowers fuel costs for drivers

Record ethanol blend rate lowers fuel costs for drivers

The average ethanol content in U.S. gasoline reached a record 11.29 percent in May, according to new data from the Energy Information Administration. The Renewable Fuels Association says the increase was driven by strong blending economics as ethanol sold at a...

Tight margins make financial analysis critical

Tight margins make financial analysis critical

As many farmers continue to navigate a difficult economic environment, understanding the financial health of their operations has become increasingly important. While many producers complete financial statements to satisfy their lenders, one agricultural attorney says...

South American Weather and Crop Update (8-4-26)

South American Weather and Crop Update (8-4-26)

As harvest continues to progress in South America, the weather is staying mostly the same. Allendale commodity broker Greg McBride said the current forecast is pretty much a carbon copy of what they have seen recently. With the amount of rain they have seen, McBride...

Build-out continues on state-of-the-art animal disease lab

Build-out continues on state-of-the-art animal disease lab

The Plum Island Animal Disease Center is being replaced by a brand-new facility in Kansas. The federal government continues relocating the animal disease laboratory from Plum Island, New York, to the new National Bio and Agro Defense Facility, or NBAF, in Manhattan,...

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Senate farm bill stalls over SNAP dispute

Senate farm bill stalls over SNAP dispute

The Senate Agriculture Committee failed to advance its Farm Bill Thursday after Democrats rejected the Republican proposal in a 10-11 vote, leaving the legislation without a clear path forward. Committee Chairman John Boozman recessed the markup after negotiations...

U.S. Export Sales Report (8-6-26)

U.S. Export Sales Report (8-6-26)

This week’s export sales were decent once again and provided some baseline support for the grain markets. Allendale commodity broker Greg McBride gave an update on the latest corn numbers from the USDA. While the soybean sales weren’t bad, McBride said they were...