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South American Weather and Crop Update (2-3-26)
The South American weather forecast has flipped from its usual pattern. Allendale commodity broker Greg McBride said the nearby forecast is now lacking rain. McBride said the longer-term forecast has the rains they are looking for. McBride added that harvest progress is continuing to move along at a good pace in Brazil. The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
Waste in EPA environmental justice grant spending
Iowa Republican Senator Chuck Grassley says millions of taxpayer dollars funneled through the Environmental Protection Agency’s grant programs weren’t used correctly. While the funds were used to cover recipient organizations’ overhead costs and operating expenses,...
NASDA Members make trade trip to Cuba
As we look to open up new trade options around the globe, we are also looking at opening doors with former trade partners that have been estranged for political reasons for some time. Recently a delegation from the National Association of State Departments of...
EPA’s E15 final decision welcome, but some questions remain
The Environmental Protection Agency has granted the request from eight Midwestern states, including Iowa, to sell year-round E15 beginning in 2025. The EPA approved the long-delayed petitions from eight Midwest governors to allow summertime sales of E15 in these...
U.S. Export Sales Report (2-23-24)
This week was not a good one for the grain markets, and that could be seen in this week’s export sales as well. Corn is still looking fine, but soybeans posted the lowest numbers for this week in over thirty years. Allendale commodity broker Greg McBride gave an...
U.S. milk production to grow slower in 2024
The good news is U.S. milk production is expected to grow in 2024. Michael McConnel of the USDA’s Chief Economist Office says the bad news is the growth rate will slow compared to last year. The good news for U.S. dairy farmers is it will cost less to feed their...
Brazil soybean exports double U.S. shipments
Brazil’s 2023 soybean exports reached a record 3.74 billion bushels, 29 percent higher than the previous year as Brazilian production hit record levels. Meanwhile, U.S. shipments dropped 14 percent to 1.78 billion bushels in the same period. The two countries are...
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More Ag News
South American Weather and Crop Update (7-16-24)
For the most part, the weather is still dry in Brazil and Argentina. While this is creating long-term concerns, it is at the very least allowing harvest to progress at a brisk pace. Allendale commodity broker Greg McBride gave an update on the latest conditions....
AFBF challenges rule that destabilizes ranching
A total of 12 groups sued the Bureau of Land Management, saying the new Public Lands Rule threatens the future of ranching in the U.S. by destabilizing a long-time tradition of grazing on federal lands. Travis Cushman, deputy general counsel for AFBF, said there are...
Grassley discusses commodity prices and the ag economy
United States Senator Chuck Grassley (R-IA) spoke with farm broadcasters and reporters on Tuesday and commented on the current state of the ag economy. With lower commodity prices Grassley stressed the need for updated reference prices in a new five-year farm bill. He...
Clean Fuels supports letter on higher RFS volumes
A bipartisan group of 37 House members sent a letter to EPA Administrator Michael Regan encouraging him to support biomass-based diesel and advanced biofuel volumes that fully account for availability and production capacity. Clean Fuels thanked all the...
Japanese Beetles are abundant again
One of our old friends is again back in our fields this year. Japanese Beetles are being found in parts of the corn belt, and in abundant numbers. We know it doesn’t take long for the populations to take off. While they are more pest than a problem, that doesn’t mean...
