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U.S. soybean quality delivering value in global markets

U.S. soybean quality delivering value in global markets

As global soybean production continues to expand, competition in export markets is increasing. However, U.S. soybean leaders say quality remains one of the biggest advantages American farmers bring to the global marketplace. According to Jim Sutter, CEO of the U.S. Soybean Export Council, differences in how soybeans are grown and processed can have a significant impact on their nutritional value. Sutter says U.S. soybeans are typically allowed to mature and dry naturally in the field before...

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New RFS numbers keep ethanol on the right track

New RFS numbers keep ethanol on the right track

The Environmental Protection Agency released the long-awaited Renewable Fuel Standard blending requirements for 2023-2025. Growth Energy CEO Emily Skor said she welcomes the move.?We're grateful to President Biden and EPA Administrator Reagan for keeping clean energy...

Pivot Bio conducts study on efficacy of nitrogen products

Pivot Bio conducts study on efficacy of nitrogen products

This past summer, Pivot Bio sent out a team of agronomists to visit with growers across over 30 different states to compare the efficacy of their products with other competitors. Pivot Bio Agronomy Scientist Clayton Nevins said they were very pleased with the results...

Pork Checkoff rates may be lower, but mission remains the same

Pork Checkoff rates may be lower, but mission remains the same

The Pork Promotion, Research, and Consumer Information Act mandates the Pork Checkoff. It requires a promotion fee to be collected any time a hog is sold. The rate had been 40 cents per hundred dollars, but a vote earlier this year reduced that rate to 35 cents per...

FSA Emergency Relief Program Phase 2 being worked out

FSA Emergency Relief Program Phase 2 being worked out

Farmers have to deal with many unknowns when they put in the crop each year. That is why they purchase crop insurance and take advantage of programs from the United States Department of Agriculture (USDA) to help them in times of need. The Federal Government has...

Rabobank: Fertilizer prices lower in 2023

Rabobank: Fertilizer prices lower in 2023

Fertilizer consumption suffered in 2022 due to market volatility and record-high prices. However, a new Rabobank report says a recovery in consumption is possible in some regions next year, with fertilizer prices lowering and commodity prices at historically high...

South American Weather and Crop Update (12-6-22)

South American Weather and Crop Update (12-6-22)

The weather in Brazil is still looking good, and the weather in Argentina is still dry. Allendale commodity broker Greg McBride provided an update on the latest weather patterns down in South America.McBride said that the stellar weather in Brazil could produce a...

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Pork consumption slowing globally

Pork consumption slowing globally

Consumption of our commodities is what sets the tone for our supply and demand ratios that set our prices. Pork is not exempt from this phenomenon. We spent much of the year with low prices which meant that suppliers were holding on to large amounts of product which...

U.S. Export Sales Report (8-3-23)

This week’s export sales were neutral, but that’s definitely not from a lack of sales action, especially in new crop soybeans. Allendale commodity broker Greg McBride provided a breakdown of this week’s report.Flash sales have also been popping up here and there,...