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USDA soybean oil export outlook raises concerns about market volatility
New USDA projections for soybean oil exports are increasing concerns about price volatility in agricultural markets as demand tied to renewable fuels continues reshaping the soybean sector. Analysts with the University of said the government’s first 2026-27 soybean outlook projects stronger domestic soybean crushing and growing soybean oil exports, while overall soybean ending stocks are expected to remain tighter than many traders anticipated. The report said increased reliance on soybean oil...
South American Weather and Crop Update (7-30-25)
The weather in South America has still not changed much, with farmers in Brazil and Argentina seeing mostly clear and dry conditions. Allendale commodity broker Greg McBride said there are scattered rain showers, but otherwise the weather remains status quo. The dry...
Basis matters now, say Midwest ag economists
Tight corn supplies might normally trigger a rally in the market, but so far, that hasn’t been the case. Despite strong demand and dwindling stocks, futures prices have stayed relatively steady. That’s because—while the numbers show a squeeze—markets may be confident...
Argentina makes permanent tax cuts to ag exports
Recently, Argentina President Javier Milei announced permanent export tax cuts for a wide variety of agricultural commodities. The biggest impact globally will be seen in the soybean marketplace, as Argentina is the world’s largest exporter of soybean meal. Allendale...
Bullish news hard to find in current ag marketplace
A current snapshot of the ag marketplace shows front month corn below $4 and soybeans below the $10 mark. Unfortunately, there isn’t a lot of bullish news for the markets to react to right now to generate positive price movement. John Heinberg is a Market Advisor with...
Trade agreements will benefit Iowa grain and livestock producers
A flurry of recent trade agreements and frameworks have been announced by the Trump administration ahead of the looming August 1 reciprocal tariff implementation deadline. Faith Parum, an economist with the American Farm Bureau Federation, said several of the deals...
Governor Reynolds issues disaster proclamation for four counties in response to severe weather
Today, Governor Kim Reynolds issued a disaster proclamation for Hancock, O’Brien, Osceola and Sioux Counties in response to severe weather that occurred on July 28, 2025. Gov. Reynolds’ proclamation allows state resources to be utilized to respond to and recover from...
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Farmers need to be thinking about next year’s weed control
As harvest approaches, now is a great time to be evaluating how this crop season went in preparation for next year. Travis Ralfs, territory account manager with Valent, said weed control should be at the top of the list for soybean farmers in particular. Weeds like...
Warm weather to continue through the end of the month
The warm weather that has been present throughout much of the nation during the middle portion of September is expected to continue through the end of the month and beginning of October. USDA meteorologist Brad Rippey details the 8-14 day outlook for the period of...
TFI praises Congressional support for phosphate as a critical mineral
The Fertilizer Institute (TFI) today praised members of Congress in both chambers for joining a letter sent to Department of the Interior Secretary Doug Burgum in support of adding phosphate to the U.S. Geological Survey’s list of critical minerals. The letter, a...
U.S. Export Sales Report (9-25-25)
This week’s export sales are continuing the usual trends. Corn sales are doing very well, while soybeans continue to struggle. Allendale commodity broker Greg McBride gave an update on the latest corn numbers. While this week’s soybean sales weren’t terrible on their...
Naig sees big potential in Iowa–Maharashtra partnership
Iowa’s trade mission to India is paying early dividends, as the state continues to build on connections forged during Governor Kim Reynolds’ recent visit. Last week, we looked at the broad opportunities between the U.S. and India. Today, we turn to the state-to-state...
