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Questions remain with U.S.-China trade deal
It’s been an interesting time in the soybean market, especially when it comes to trade with China. Initially, it was great to hear that the U.S. and China agreed to a trade framework that included China making U.S. soybean purchases. Jim McCormick, chief operating officer at AgMarket.Net, said he was pleased to hear about this, but he had some questions concerning the agreement. McCormick said the U.S. and China don’t technically have a signed agreement yet, so this framework could still fall...
Red Sea Pirates continue to impact global trade
It is bad enough when our shipping is affected by natural occurrences like drought in the Mississippi River and the Panama Canal. It puts a big obstacle in the shipping lanes and increases costs and shipping times. But when the problems are manmade, it becomes an even...
South Dakota-based Ringneck Energy joins American Carbon Alliance
Today the American Carbon Alliance (ACA) announced that Ringneck Energy has joined as a member of the ACA. Ringneck Energy is located in Onida, South Dakota, and has been in operation since 2018. They have partnered with Summit Carbon Solutions, and their plant is...
South American Weather and Crop Update (1-9-24)
There are still some dry areas in Brazil, but, for the most part, there’s been a healthy amount of rain for the region. However, there are now concerns that the rain could actually start to impact harvest progress. Allendale commodity broker Greg McBride gave an...
Case IH recognizing its past while focusing on the future
The 2024 Case IH tractor lineup delivers more purposeful design, technology, and performance. This year’s lineup includes the company’s most powerful tractor ever – the Steiger 715 Quadtrac. Fran Rosenquist, a farmer from Atwater, Minnesota, said the 715’s power and...
Spending deal raises hopes of averting government shutdown
A deal for overall spending in 2024 has improved the outlook of avoiding the first of two government shutdown deadlines, with individual spending for the USDA and other key departments still to be completed. The deal largely gives Democrats the domestic and defense...
Iowa native Taylor leading trade mission to India
USDA’s Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor will lead an agribusiness trade mission to India from April 22-25. USDA is now accepting applications from U.S. exporters who wish to join the trade delegation. “There is no larger untapped...
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Butterfield’s lullaby: 24 simple notes that carry a lot of weight
If you slept through history class, you did not miss anything about General Daniel Butterfield. Nobody really talks about him. However, there is not an American who does not know at least something about him, even if they do not realize it. Profit Matters 5-27-24...
In times of need, access to food is the top priority
Following the devastating tornadoes that ripped across Iowa this week, many people are in need of food and shelter. Luckily, we have organizations like the Food Bank of Iowa that are already poised to help meet that need and aid in the disaster relief effort. Emily...
Timely rain will still be needed this summer
If you’ve taken a look at the U.S. Drought Monitor over the past several months, then you’d see that there has been a dramatic shift in conditions since this time last year. Much of the state is no longer in severe drought. Iowa State University professor of agronomy...
As the weather warms up, so do the grills
Memorial Day weekend is considered by many to be the unofficial start of the summer. At the same time, it’s also thought to be the true kick-off to grilling season. Neal Hull, director of domestic market development with the National Pork Board, says that cooking pork...
AFBF and NFU on Farm Bill passage out of House Ag Committee
American Farm Bureau Federation President Zippy Duvall responded to markup and passage of the Farm Bill out of the House Agriculture Committee Thursday. Duvall says, “We applaud the bipartisan vote after 13 hours of rigorous debate, but know that tight margins in both...
