Top Stories
Diesel prices hit record highs
Oil prices have been on a rollercoaster ride ever since the United States and Israel started bombing Iran. Initially, oil prices moved higher, but last week, oil prices dipped after President Trump paused attacks on Iran. But since those have resumed, oil prices have again moved higher. Patrick DeHaan, senior petroleum analyst at Gasbuddy.com, said it should come as no surprise that fuel prices are moving higher because of increased oil prices, but what has perhaps surprised many in the...
Consumers buying more hams for Easter
Valued at 197.1 million dollars in 2022, Easter ham sales have increased each of the last three years and are poised to overtake Christmas sales. Neal Hull, director of domestic market development with the National Pork Board, said that, as family gatherings are on...
Breaking down the economic situation in simple language
We know that for the past year or so, interest rates have been on the rise. Inflation is growing, and recession is happening or is possibly going to happen, depending on your political ideology and which economists you want to believe. The main takeaway is that no...
Corn growers to EPA: consumer access to E15 increases fuel supply
The National Corn Growers Association president and 18 state groups call on the Environmental Protection Agency to ensure uninterrupted access to E15 through the summer. In a letter to the EPA Tuesday, the industry leaders say, "Fuel market conditions that warranted...
South American Weather and Crop Update (4-4-23)
Most of Brazil will see rain soon as the weather continues to look favorable there. However, things are still poor in Argentina. Allendale commodity broker Greg McBride provided a breakdown of the latest weather patterns in South America.McBride said harvest and...
Supply chain improving every day for ag equipment manufacturers
The global supply chain saw many disruptions in the last few years from the Covid pandemic, to raw material shortages, and a lack of labor. Nick Farfsing a marketing director with Fendt says that the supply chain disruptions of the past few years have made it...
WOTUS repeal highlights issues of new rule
The Senate recently followed action by the House of Representatives, approving a resolution to repeal the new Waters of the U.S. (WOTUS) rule. Courtney Briggs, American Farm Bureau Federation Senior Government Affairs Director, said the action highlights how...
Video
More Ag News
Saving time by bringing the dealership to you
Farming is not an easy task. Farmers not only need to be well versed in agronomy and animal production, but they also need to be mechanics, problem solvers, and marketers as well. Anytime in agribusiness that a company can innovate and save farmers time, growers and...
HPAI cases confirmed in Taylor and Jones Counties
The Iowa Department of Agriculture and Land Stewardship and the United States Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) have confirmed positive cases of Highly Pathogenic Avian Influenza (HPAI) in Taylor and Jones Counties....
New parameters for market trade going forward
Adjusting the parameters for our cash crop trade going forward was yesterday’s WASDE report. USDA raised both corn and soybean yields along with carry-outs and probably capped the corn trade at that $4.50 to $5 level, with soybean ranges like in the $13 area. American...
Juggling the market movers
The marketplace is a very fickle place. My dad used to quip many times that “someone must have turned on the sprinklers in Chicago and they think we are getting rain” whenever the markets were down. All joking aside, it doesn’t take much to move the market, but that...
USDA raises yields in November WASDE report
Not much was expected from this month’s WASDE report, but those are seemingly always the times when we get some of the biggest surprises. Instead of waiting for the January report, the USDA raised yields for both corn and soybeans today. Allendale commodity broker...
