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U.S. farmers planted fewer corn acres and more soybeans
Today the USDA published both the Planted Acreage and Quarterly Grain Stocks Reports. Commodity broker Greg McBride of Allendale says there were only slight adjustments to the corn acres from the March planting intentions report. McBride says the soybean acreage number was mostly inline with pre-report estimates within the industry. He details the adjustments to the numbers in the Quarterly Grain Stocks report as well. For more information visit https://www.allendalehub.com/
Stronger cattle placements and marketings in January
The February USDA Cattle on Feed report shows a reduction in cattle and calves in feedlots says USDA livestock analyst Mike McConnell. Despite lower numbers of inventory year over year, McConnell says that there are signals of increased numbers of cattle in feedlots...
Farm bankruptcies up sharply in 2024
Federal courts report that 216 farm bankruptcies were filed in 2024, up 55% from 2023. All but one region had increases in Chapter 12 bankruptcy filings last year. Bankruptcy filings in territories and states outside the contiguous 48 states – designated “Other” by...
Buyers show heightened interest in U.S. beef at Gulfood Trade Show
Gulfood is one of the largest food trade shows in the world, attracting tens of thousands of prospective buyers to Dubai, United Arab Emirates. Reporting from a busy USA Pavilion at Gulfood, U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom said the...
Farmers worry about future of conservation assistance funds
Farmers across the country are on edge as the Trump Administration’s sudden spending freezes cast doubt on crucial cost-share payments they were promised. These funds, secured through contracts, are not just bureaucratic line items, they are the backbone of farm...
U.S. Export Sales Report (2-21-25)
For the most part, this week marked another uneventful week of export sales. Allendale commodity broker Greg McBride gave an update on the latest numbers from the USDA. Brazil still holds the discount for both corn and soybeans. However, McBride said U.S. corn sales...
Ag machinery manufacturers worried about tariffs
Many segments of U.S. agriculture are concerned about the possibility of the Trump administration implementing tariffs and the possibility of reciprocal tariffs put in place by trade partners. Curt Blades, senior vice president of the Association of Equipment...
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Iowa student among Helena scholarship winners in 2025
Helena Agri-Enterprises is awarding Gavin Sloss of Guthrie Center with the Homegrown® Scholarship worth $1,000 to pursue a higher education. Sloss is a graduate of ACGC High School and is entering Iowa State University to study agricultural studies. Helena’s Homegrown...
Record ethanol production slows ahead of summer driving demand
The U.S. has churned out record levels of ethanol since late 2024, largely due to a rise in exports and steady domestic demand. But Reuters said output has dropped from record levels during the last two weeks, which coincides with the buildup of the summer driving...
Vietnamese delegation signs MOUs for grain trade in Des Moines
A trade delegation led by the Vietnamese Minister of Agriculture signed several memorandums of understanding (MOUs) to purchase approximately 7.5 million metric tons of U.S. ag products on Monday. The signings took place at the Iowa State Capitol in Des Moines between...
Rain has been falling across Iowa in some large bursts
The weather has brought plenty of rain for most parts of the state recently, and it has done so in large bursts. In fact, some parts of central Iowa saw over 4.5 inches of rain in a single day. This is great for the soil moisture profiles, but it was almost too much...
U.S.-China trade a top focus at USMEF Spring Conference
The U.S.-China trade relationship was a major focus of the U.S. Meat Export Federation (USMEF) Spring Conference, which wrapped up Friday, May 23rd, in Fort Worth, Texas. Guest speaker John Newton, the executive head of Terrain, said he expects the current tariff...
