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Trump administration steps up as Congress fails to pass year-round E15
After Congress failed to act on key biofuels policy- namely year-round E15- the Trump administration is reportedly stepping up to the plate to get something more permanent done. Renewable Fuels Association President and CEO Geoff Cooper said recent announcements have shown that President Trump is honoring his commitment to support renewable fuels. Cooper said the announcement of summertime E15 sales and a record-setting renewable fuel standard volume are bullish for the industry. Cooper said...
March WASDE sees surprisingly big cuts to Argentina crop
Wednesday?s WASDE report contained a few surprises for the grain markets. The primary focus was on the bigger-than-expected cuts to Argentina?s crop from the USDA. Allendale commodity broker Mike Lung provided some analysis on the recent report.Those cuts were much...
Pork exports start 2023 quickly
America?s pork exports finished strong in 2022 and kept going into January. January pork exports were 236,767 metric tons, up 13 percent year-over-year, and export value rose 16 percent to $634 million. Exports to Mexico set a record in 2022 and hit another record in...
USB wisely investing Checkoff dollars to drive demand Part 1
The United Soybean Board manages the soy checkoff and has been working hard to invest those checkoff dollars into more research to help generate more demand, both internationally and domestically. We talk with Mack Marshall from the United Soybean Board about some of...
ICGA delegates gather in Orlando for Commodity Classic
Commodity Classic is an extremely important event for all commodity groups, and the corn industry is no different. The event provides a great opportunity to network and learn from farmers across the country. Several delegates from the Iowa Corn Growers Association are...
AFBF signs right to repair MOU with Case IH and New Holland
A new memorandum of understanding between the American Farm Bureau Federation, Case IH, and New Holland provides farmers and ranchers the right to repair their own farm equipment. Sam Kieffer, vice president of public policy with the American Farm Bureau, talked about...
Choose Iowa grants helping to spotlight all areas of Iowa agriculture
On Tuesday Iowa Secretary of Agriculture Mike Naig announced that the Iowa Department of Agriculture and Land Stewardship has awarded 28 Choose Iowa cost-share grants to Iowa farmers, small businesses and non-profits totaling $463,000.Jasper Winery in Des Moines is...
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WOTUS still in play after SCOTUS decision
The never-ending legal fight over EPA’s wetlands jurisdiction and which are considered Waters of the U.S. is beginning its next chapter. That’s according to testimony at a recent Senate hearing. The Environmental Protection Agency’s vagueness in a final Waters of the...
MRCC encouraging all farmers to practice sustainable agriculture
The Midwest Row Crop Collaborative (MRCC), a consortium that encourages farmers across the Corn Belt to use sustainable ag practices, has steadily grown since its inception in 2016 to include nearly 2,700 farmers. In its 2022 Impact Report, the MRCC said that 70% of...
Early 2023 hog and cattle weights lagged behind 2022
Live weights of both hogs and cattle ran below year-earlier weights for the early part of 2023. Hog live weights averaged 284.9 pounds through the week ending on July 8, 2023, compared to 287.3 pounds during the same time in 2022. That’s an average difference of over...
How crazy could 2024 be for commodity markets?
It’s been a crazy couple of years in the Ag marketplace and the economy. Pandemics, supply chain failures, weather, wars, and much more. It makes it difficult to try and get a handle on some of your marketing plans, especially as we finish the 2023 growing season and...
U.S. Export Sales Report (10-19-23)
It’s been another decent week of export sales in the grain markets. Allendale commodity broker Greg McBride provided an analysis of this week’s report. McBride said that China was a big purchaser of soybeans this week. Soybean meal has also been an outstanding...
