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Historic grain price rallies have defined this August
Contrary to what we would normally expect, there has been a lot of market action this month. As we approach harvest season, there’s a legitimate chance that farmers might see price rallies that warrant some serious grain selling conversations. Michael Weidner, director of grain origination and producer strategy at Landus Cooperative, said the August price rally started way back with the monthly World Agricultural Supply and Demand Estimates (WASDE) report. Weidner said these market prices are...
China steps up U.S. soybean purchases ahead of Trump-Xi meeting
China has increased purchases of U.S. soybeans following a May summit between President Donald Trump and Chinese President Xi Jinping, providing a boost for American soybean exporters. The U.S. Department of Agriculture reported China purchased 238,000 metric tons of...
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...
Iowa cattle producers can turn calf health into sale-day value
Calves in today’s market are bringing strong prices, but what you put into them only pays off if buyers recognize it. With calves representing a high-value investment, new auction data shows buyers are willing to pay more when calves have a clear health history. Chris...
Boozman: Farm bill work resumes in September
The Senate farm bill remains stalled as lawmakers head into the August recess, with a disagreement over changes to the Supplemental Nutrition Assistance Program continuing to hold up progress. At the center of the dispute are new requirements tied to state SNAP error...
Prop 12 battle continues as farm bill stalls again
Yesterday, the Senate Farm Bill failed to pass out of the Senate Ag Committee after Democrats rejected the Republican proposal in a narrow 10-11 vote. Now, the Farm Bill- and all of its attached legislation- does not have a clear path forward. However, groups like the...
Iowa farmers experiencing skyrocketing land values
Farmland values hit all-time highs this year even as the rate of increase has slowed. Farmers and ranchers have experienced firsthand the ever-increasing value of farmland, and a new analysis lays out those numbers. Danny Munch, an economist with the American Farm...
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More Ag News
Largest-ever combined corn and soy planted acreage
U.S. farmers planted a record amount of corn and soybeans in the 2026/27 season, USDA reported this week. Combined planted acreage of the two crops reached 183.5 million acres, more than 3 million acres higher than the previous combined crop record. The record was...
Major reports can cause sudden market shifts
As we saw with the August WASDE report, sudden surprises can cause the grain prices to jump up at a moment’s notice. With the right preparations, farmers can take advantage of those price rallies to get premium prices for their stored grain. Michael Weidner, director...
U.S.-Canada trade negotiations are vital to agriculture success
U.S. farmers and ranchers are paying close attention to the negotiations on the U.S.-Mexico-Canada Trade Agreement. Virginia Houston, the senior director of congressional affairs for the American Farm Bureau Federation, highlights the vital roles Mexico and Canada...
Active August weather could boost Iowa crops
Strong thunderstorms rolled through Iowa on the opening morning of the Iowa State Fair, putting the weather front and center. While the storms may not have been what fairgoers wanted to see, the broader weather pattern could be arriving at a good time for Iowa crops....
August WASDE report drove U.S. grain prices higher
Overnight news of attacks on two Russian shipping ports had the markets higher to start the day, and the August WASDE report brought a few surprises that allowed to grain markets to hold on to those gains and go even further. Allendale commodity broker Greg McBride...
