Top Stories
Canada patiently pursuing USMCA despite pressure from U.S.
The Trump administration is demanding what amounts to an ‘entry fee’ from Canada, in the form of agreeing to some concessions just to engage in trade talks relating to the USMCA deal. In particular, the U.S. administration is demanding pre-negotiation concessions from Canada by changing the way Canada administers its dairy quotas and how it governs digital media. Alcohol is still one of Washington’s biggest trade irritants, as U.S. negotiators cannot accept that some provinces continue to keep...
Third-quarter grain movements low on Mississippi river
Almost 60 percent of the Midwest grain harvest moves down the Mississippi River system to the U.S. Gulf region for export. In The Agricultural Marketing Service’s “Grain Transportation Report,” the agency says low water on the entire system led to draft and tow...
NASDA’s McKinney worried about Congressional calamity
We could find out as early as today who will be the next Speaker of the House, but I wouldn’t hold your breath. As expected, Republicans have whittled it down to House Majority Leader Steve Scalise of Louisianna, or Jim Jordan of Ohio to succeed the ousted Kevin...
South American Weather and Crop Update (10-10-23)
Continued drought is raising concerns in parts of South America. While it is allowing for easy planting progress, the lack of moisture won’t be beneficial to those crops. Allendale commodity broker Greg McBride gave an update on the latest weather patterns. With the...
Grassley commends Iowa growers for sustainable farming practices
In September the Iowa Department of Agriculture and Land Stewardship, working with Iowa’s 100 Soil and Water Conservation Districts and other partners announced record breaking conservation and water quality practice numbers. In Iowa there was $21.86 million in total...
Fertilizer prices mostly higher in September
The Agricultural Marketing Information System’s October “Market Monitor” report says that fertilizer prices were mostly higher in September, as were the prices for the main fertilizer inputs. Farm Policy News from the University of Illinois says price movements for...
Fall weather may have changed, but drought concerns remain
Causing concern for the 2024 growing season to continued dryness here in Iowa and across the upper Midwest. It finally does feel like fall around here after a couple of cooler mornings. Not quite frost worthy so the growing season continues with lower daytime...
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U.S. Export Sales Report (4-12-24)
On top of the disappointing WASDE report, export sales were not great this week. Allendale commodity broker Greg McBride started off his analysis with the corn numbers. While this is the first disappointment we’ve seen in the corn exports in a while, McBride said this...
How El Niño and La Niña patterns will affect the growing season
Farmers Business Network recently released a report detailing how El Niño will impact U.S. farmers this year. This growing season farmers are set to face a unique combination of El Niño in the spring and early summer and then a transition to La Niña conditions in the...
End of July Cattle Report will hurt beef industry
The USDA National Agricultural Statistics Service (NASS) recently announced it will no longer issue the July Cattle Report. Additionally, the agency is discontinuing the county estimates for crops and livestock and the Cotton Objective Yield Survey starting in the...
U.S. ethanol industry comments on Brazilian ethanol tariffs
The U.S. Grains Council, Growth Energy, and the Renewable Fuels Association jointly submitted comments to the Brazilian Chamber of Foreign Trade regarding the Brazilian tariff on imported U.S. ethanol. In October 2023, Brazil’s association of fuel importers formally...
Pork producers cautious but optimistic
The pork industry has been dealing with a lot of headwinds as we end the first third of 2024. While prices are going a little higher, consistency has been an issue. Markets have seen many radical shifts, many of which have not been good. However, uncertainty has not...
