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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 that some flash sales of corn to Mexico provide some optimism for that market. Looking ahead to tomorrow’s WASDE, McBride said to look out for changes to the production estimates in South America and the U.S. ending stocks. The team...
Innovation and technology helping farmers reach sustainability goals
The mission of the U.S. Grains Council is to develop markets, enable trade, and improve lives. Carlos Suarez is the manager of sustainability, policy, and innovation for the U.S. Grains Council and says that sustainability is becoming more of a central focus across...
Iowa crop progress and condition report
Iowa Secretary of Agriculture Mike Naig commented on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report is released weekly April through November. Additionally, the Iowa Department of Agriculture and...
Senator Ernst reacts to Stabenow’s version of Farm Bill
Last week, the respective Chairpeople of the House & Senate Ag Committees released their visions for a Farm Bill. While House Ag Committee Chairman GT Thompson, a Pennsylvania Republican, released a framework for legislation that he wants to mark up by May 23rd,...
Rain delays causing potentially premature market reactions
Rain continues to delay planting across the Corn Belt, but since rain makes grain, it’s pretty worth it at this point. However, we are getting closer and closer to that planting deadline, and the markets were feeling the heat today and shot upwards. Robin Schmahl of...
U.S. agriculture not immune to cyberthreats
Cyberattacks are on the increase and are being used to target industrial systems that are utilized by U.S. agriculture, that’s according to Director of National Intelligence Avril Haines. Haines tells the Senate Armed Services Committee the U.S. intelligence community...
Ag groups respond to farm bill overviews
U.S. ag groups are reacting to the House and Senate Ag Committee leaders who released their farm bill overviews. “We are very pleased with the Farm Bill framework from House Ag Chair GT Thompson,” says Ethan Lane, VP of government affairs with the NCBA. “We are...
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National Milk Producers Federation talks H5N1 security
Whether you call it H5N1, HPAI, or Bird Flu; the fact of the matter remains that we have an issue on our hands that is testing the resolve of our animal disease contingency plans on a minor level. We talked for years about “what if?”, and we were presented with that...
South American Weather and Crop Update (5-7-24)
Much like it is up here, rain is causing issues down in South America. Southern Brazil is getting especially heavy rains, which could start damaging the crops. Allendale commodity broker Greg McBride gave an update on the latest weather. McBride said planting progress...
Rainfall slowing planting progress across the Corn Belt
Rainfall and wet conditions are slowing planting progress in the Midwest. Betty Resnick, an economist with the American Farm Bureau Federation, said a lot of the slowdown is taking place in the Corn Belt. Resnick said we’re still early in the planting season for major...
Innovation and technology helping farmers reach sustainability goals
The mission of the U.S. Grains Council is to develop markets, enable trade, and improve lives. Carlos Suarez is the manager of sustainability, policy, and innovation for the U.S. Grains Council and says that sustainability is becoming more of a central focus across...
Iowa crop progress and condition report
Iowa Secretary of Agriculture Mike Naig commented on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report is released weekly April through November. Additionally, the Iowa Department of Agriculture and...