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Markets continue to look at South America as harvest continues
There were some recent concerns about dry weather in South America, but the current forecast is now showing ideal conditions for their crops. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said soybean harvest in Brazil is mostly in line with expectations. On the other hand, progress for the corn crops in Brazil is slightly behind where they would normally be. The team at Allendale can be reached by calling 800-262-7538, or you...
Thompson proceeding with House farm bill markup
The markup for House Ag Committee Chair GT Thompson’s farm bill will move ahead on Thursday despite scores from the Congressional Budget Office that raise questions. The CBO says the scores provided don’t amount to offsets that would allow the bill to be...
U.S. Export Sales Report (5-23-24)
The USDA released another low-key export sales report this week, with both corn and soybeans coming within the estimates once again. However, this is looking great for corn, as that market has now seen five consecutive weeks of decent or better export sales. Allendale...
USDA funding expanded opportunities for overseas markets
The USDA is allocating $300 million to 66 organizations under the new Regional Agricultural Promotion Program (RAPP). Ag Secretary Tom Vilsack said the agency launched RAPP in October 2023 to expand marketing opportunities overseas for American agricultural...
E15 ready for the summer driving season
This weekend is the unofficial kickoff of summer. Many schools are out, pools are opening, grills are heating up, and vacations are being planned. That is why with all the busy activities you have planned; it is important to save money wherever you can. That is where...
Previously dry soils are now too wet in some areas
While we have received a lot of rain recently, it still has not been enough to rid the state of drought yet. In fact, large portions of the state are still in drought conditions. Mark Licht, Iowa State University professor of agronomy and ISU Extension and Outreach...
Increased tariffs on Chinese imports could cause retaliation
The Biden administration is continuing current tariffs and adding new ones. Dave Salmonsen, senior director of government affairs with the American Farm Bureau Federation, says that the increases are primarily tech focused. Salmonsen says there are a couple of reasons...
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Secretary Naig recaps Iowa trade trip to India
With India taking over the top spot in population and its growing economy, it behooves the state of Iowa to conduct trade trips there to help promote the products we produce here in the state. Recently Governor Reynolds conducted such a trip, and Iowa Ag Secretary...
U.S. Export Sales Report (9-26-24)
The weekly export sales were highlighted by some very strong bean exports, which were some of the highest we’ve ever seen for this week. Allendale commodity broker Greg McBride gave an analysis of the report. McBride said there were some smaller flash sales this week...
Commodity naming rights agreement keeps trade going in Chile
The U.S. recently signed an agreement with Chile to continue uninterrupted trade after a dispute arose over naming rights for products like cheese. Doug McKalip, chief agricultural negotiator for the U.S. Trade Representative, said this agreement is good news for U.S....
Early fall weather has been cooperative for harvest
So far during the dry-down and early harvest season, the weather has been cooperative for farmers. That is USDA meteorologist, Brad Rippey. He says that the weather has been mild across large stretches of the country where row crops are grown. Corn and soybeans are...
Choose Iowa surpasses 100 member milestone
Iowa Secretary of Agriculture Mike Naig announced today that Choose Iowa, the state’s official brand and marketing initiative for Iowa grown, Iowa raised, and Iowa made food and ag products, has surpassed 100 members statewide and is continuing to build momentum....
