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Will the January WASDE report feature a yield reduction?

Will the January WASDE report feature a yield reduction?

The January USDA WASDE report will be released on Monday January 12th and right now market analysts are leaning towards an expectation for a yield cut to corn and or soybeans. How much of a cut is still to be determined, if it happens at all, but last year’s January WASDE also provided similar adjustments that provided a bullish sentiment to the ag marketplace in response. Is that a possibility again this year? That is hedging strategist Kaden Sweeney of AgMarket.net who says that while...

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Uneventful June WASDE provides little market support

We weren’t expecting much from this month’s WASDE report, and those expectations turned out to be correct. Allendale commodity broker Greg McBride said this was a very neutral report. However, McBride said that this neutral report does not change the issues we’ll face...

Ag stakeholders react to Republican farm bill framework

Ag stakeholders react to Republican farm bill framework

Several key agricultural groups and stakeholders issued responses to the Senate Ag Committee Republicans’ farm bill framework. Gregg Doud, President and CEO of the National Milk Producers Federation, calls it a strong framework that marks another important step in...

NPPC is working globally to keep animals safe and trade moving

NPPC is working globally to keep animals safe and trade moving

Earlier this week, we started a conversation with National Pork Producers Council (NPPC) VP of Government Affairs Maria Zieba. We discussed why it is important to have an international coalition to collaborate on finding solutions to foreign animal disease (FAD)...

South American Weather and Crop Update (6-11-24)

South American Weather and Crop Update (6-11-24)

It’s been yet another week of dry weather in South America. We’ll see later this week if the USDA or CONAB adjust their projections based on this. Allendale commodity broker Greg McBride gave an update on the latest weather conditions. There’s going to be some rain in...

Potential farm bill provisions outlined in Senate proposals

Potential farm bill provisions outlined in Senate proposals

Senate Ag Committee Chair Debbie Stabenow and Ranking Member John Boozman have now both offered outlines of the farm bill for consideration. Joby Young, the executive vice president of the American Farm Bureau Federation, listed some of the key provisions in the...

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Dry weather forecasted to stick around in Iowa

Dry weather forecasted to stick around in Iowa

While the temperatures have been enjoyable lately, the lack of rainfall has been anything but. After experiencing the driest September on record, drought and fire dangers have increased. Justin Glisan, state climatologist for Iowa, said that the drought monitor has...

Dairy market volatility not that surprising

Dairy market volatility not that surprising

It’s been an up and down ride for the dairy markets lately. Mike North of Ever.ag says there are a lot of reasons behind the price volatility. North says price volatility is not unusual to see at this point in the calendar. He says demand for dairy tends to spike...