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Pro Farmer Crop Tour sparks new questions over corn yield

Pro Farmer Crop Tour sparks new questions over corn yield

The final Pro Farmer Crop Tour numbers surprised many traders, particularly on the corn side. However, commodity analyst Mike Zuzolo says his own survey of farmers painted a different picture- one that was actually closer to USDA's August estimates. Zuzolo says the bigger story is why the market reacted so aggressively to the lower corn yield estimate. The tour's findings reinforced concerns about already-tight global corn supplies. Zuzolo believes that could continue to support prices in the...

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U.S. bison gains duty-free access to European Union

U.S. bison gains duty-free access to European Union

Under a newly implemented tariff rate quota (TRQ), U.S. bison now has duty-free access to the European Union. The TRQ is for 3,000 metric tons annually. As National Bison Association Executive Director Jim Matheson explains, U.S. bison has been gaining interest in the...

Weather forecast keeping pressure on corn and soybean marketplace

Weather forecast keeping pressure on corn and soybean marketplace

While there are a lot of factors that are exerting influence on the grains in the ag marketplace, including the crude oil price and the stock market, the main influence remains the weather forecast. While the forecast is positive in terms of crop conditions and...

Record ethanol blend rate lowers fuel costs for drivers

Record ethanol blend rate lowers fuel costs for drivers

The average ethanol content in U.S. gasoline reached a record 11.29 percent in May, according to new data from the Energy Information Administration. The Renewable Fuels Association says the increase was driven by strong blending economics as ethanol sold at a...

Tight margins make financial analysis critical

Tight margins make financial analysis critical

As many farmers continue to navigate a difficult economic environment, understanding the financial health of their operations has become increasingly important. While many producers complete financial statements to satisfy their lenders, one agricultural attorney says...

South American Weather and Crop Update (8-4-26)

South American Weather and Crop Update (8-4-26)

As harvest continues to progress in South America, the weather is staying mostly the same. Allendale commodity broker Greg McBride said the current forecast is pretty much a carbon copy of what they have seen recently. With the amount of rain they have seen, McBride...

Build-out continues on state-of-the-art animal disease lab

Build-out continues on state-of-the-art animal disease lab

The Plum Island Animal Disease Center is being replaced by a brand-new facility in Kansas. The federal government continues relocating the animal disease laboratory from Plum Island, New York, to the new National Bio and Agro Defense Facility, or NBAF, in Manhattan,...

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Iowa producers welcome meat export recovery

Iowa producers welcome meat export recovery

Although U.S. beef exports were slightly lower in volume in June, export value was higher than a year ago. USMEF President and CEO Dan Halstrom said U.S. beef exports are benefiting from strong demand in countries like Taiwan and parts of Latin America. Growing demand...