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Examining the factors currently influencing the grain markets
Geopolitics, trade, and weather are all making an impact on the grain markets in recent weeks and that trend looks to continue as the calendar turns to May. Commodity broker Greg McBride of Allendale says that the upcoming meeting between President Trump and Xi Jinping the President of China, will be closely watched. Weather is also a major factor in the marketplace with dryness in the wheat growing regions of the U.S. offering support to wheat prices in recent weeks. However, McBride says...
The flock size does not matter when it comes to HPAI
We have talked at length this year about HPAI or what is commonly known as the bird flu. It is a disease that doesn’t discriminate over which of the animals are infected. That is why it has been so important to take the outbreaks, prevention, and consequences...
Lower farm income levels could just be returning to normal
There’s a lot of buzz about farm income levels, particularly over the fact that they are projected to decrease. However, a decrease in farm income, while it is certainly not preferred, does not spell doom and gloom since we have seen high income levels in recent...
Whole Milk for Healthy Kids Act looking to advance in Senate
Following the recent House passage of the Whole Milk for Healthy Kids Act, attention now turns towards the Senate to take action. National Milk Producers Federation Senior Director of Government Relations and Head of Nutrition Policy Claudia Larson, said there’s...
Ag challenges require new five-year farm bill in 2024
The one-year extension of the farm bill in 2023 did leave a bit of a sour taste in the mouth of legislators and ag groups that pushed hard for a new five-year farm bill. However, the one-year extension does serve a vital purpose says Mike Stranz, vice president of...
Tighter margins ahead in 2024
Despite a drop in key operating costs, Rabobank says contracted margins in 2023 will continue into the new year. Soybean farmers are likely to achieve good margins in the 2024 season, but corn farmers will feel their margins pressured by ample supply. Wheat margins...
Congressman Nunn talks new CRP bill & railroad debacle at the border
There are many juggling pins in the air for the agriculture industry in Washington, DC. Yesterday we talked about the E15 situation with EPA, we still need a Farm Bill, and farmers need the tools to do their jobs properly and shipping lanes that are open for us to...
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South American Weather and Crop Update (6-11-24)
It’s been yet another week of dry weather in South America. We’ll see later this week if the USDA or CONAB adjust their projections based on this. Allendale commodity broker Greg McBride gave an update on the latest weather conditions. There’s going to be some rain in...
Potential farm bill provisions outlined in Senate proposals
Senate Ag Committee Chair Debbie Stabenow and Ranking Member John Boozman have now both offered outlines of the farm bill for consideration. Joby Young, the executive vice president of the American Farm Bureau Federation, listed some of the key provisions in the...
BASF unveils Nemasphere, a new nematode resistance trait
On Monday, BASF unveiled the first and only biotechnology trait for Soybean Cyst Nematode, called Nemashphere. The new trait will provide growers with SCN resistance without limiting yield potential. SCN is the number one yield-robbing pest in soybeans in the United...
Get ready for the Iowa Corn 350 Powered by Ethanol
Iowa Corn is proud to be the entitlement partner of the first-ever NASCAR Cup Series race in the state, happening this weekend in Newton, Iowa. The Iowa Corn 350, Powered by Ethanol, will showcase the performance of ethanol at the fastest short-track on the planet,...
Mexico’s new President brings hope of improved ag trade
Mexico has just elected a new President. Claudia Sheinbaum is the President-Elect, and already there is a new hope that we will be able to improve some of the Ag trade relations we have with our southern neighbor. Mexico has been the focus of the corn industry in...
