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Highlighting ag trade during World Trade Month
May is World Trade Month, and trade is an important conversation topic for the U.S. Grains Council (USGC). Brent Boydston, USGC Chair, said World Trade Month is a significant event for the Council. Boydston said the USGC contributes to improving international trade opportunities by maintaining a presence across the globe. Boydston added that international trade brings many benefits to the U.S. grains industry and the overall global economy. For more information, visit...
U.S. Export Sales Report (5-9-24)
A neutral export sales report is favorable to the idea that the USDA will make cuts to U.S. exports in tomorrow’s WASDE report, as both corn and soybeans have fallen behind. Allendale commodity broker Greg McBride gave an update on the latest numbers. McBride said...
Calls for increased ag trade opportunities continue
United States agriculture continues to push for new trade opportunities in 2024. Ted McKinney, CEO of the National Association of State Departments of Agriculture, says the Biden administration is taking more action than in past years to increase those opportunities....
Global pork production returning to profitability
A recent Rabobank report says the global pork industry is starting to shift as sow herd numbers begin to plateau after declining for some time. The stabilization is a result of better-than-expected consumption trends coupled with reduced production costs across most...
Renewable propane is a groundbreaking area of bio-based fuels
We have spent a lot of time talking about the renewable fuels marketplace. Whether it is E15, Sustainable Aviation Fuel, or even bio-diesel, we can find solutions to our energy and environmental needs in many ways. As we focus on many of these ag-based products, the...
Slow start to planting could make for an interesting May WASDE
Friday’s upcoming WASDE report is an important one, as it is the first report after the start of planting season. While the beginning of planting season has been slow, analysts are unsure of whether or not any changes will be made by the USDA. Ross Baldwin of...
Interest rates and low prices are still squeezing farmers
Rabobank’s RaboResearch team released its bimonthly North American Agribusiness Review. The report analyzes market conditions and trends in North American agriculture. Roland Fumasi, North American Regional Head of RaboResearch, said interest rates are still squeezing...
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New breakthrough in the battle against corn tar spot
This week Bayer Crop Science announced a new breakthrough in the battle against tar spot. Bayer researchers have developed a method to artificially inoculate tar spot in Bayer field test plots. This will give Bayer Crop Science a leg up in better understanding tar...
Governor signs bill to increase critical renewable fuel infrastructure funds
The Iowa Biodiesel Board and the Iowa Soybean Association commended Governor Kim Reynolds and the state legislature for their decisive action in boosting funding for renewable fuels infrastructure. Reynolds signed legislation today that marks another significant step...
May WASDE still conservative with changes to crops
While the markets reacted positively, the May WASDE report wasn’t exactly bullish. In the case of corn, Allendale commodity broker Greg McBride said the numbers just weren't bearish. McBride said things were more obviously bearish on the soybean side of the report....
With rain delays, farmers considering delayed planting and replanting
With few workable planting days due to the rain, farmers are considering what they might have to do to make sure the crop gets planted and still performs well. This could include strategies like delayed planting or even replanting. Nate Meyer, southwest Iowa field...
Ernst critical of Biden Administration’s ag trade message
Many of you who have children or are kids at heart have probably seen the original Lego Movie®. It was a neat little story about overcoming adversity and learning the value of teamwork. The movie produced a well-known song that entered the pop culture lexicon for a...