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Breaking down the Prospective Plantings and Quarterly Grain Stocks reports
The USDA released both the Prospective Plantings and Quarterly Grain Stocks reports on March 31st. Heading into the day, the markets were anticipating big news from the planting acres, but it seems that there was more to react to in the grain stocks report. Allendale commodity broker Greg McBride said the Prospective Plantings report had a smaller adjustment to the corn acres than most analysts anticipated. McBride said the soybean acres saw a similar adjustment in the opposite direction. Both...
March exited like a lion with severe weather outbreaks
The drought monitor has seen a slight improvement due to precipitation from the spring weather. Unfortunately, some of that precipitation has come in the form of severe weather, which can bring as much harm as it does good. Iowa State Climatologist Dr. Justin Glisan...
U.S. red meat exports contributing to corn and soybean value
Corn used for feed to support U.S. red meat exports contributed to 15% of overall corn value in 2022 according to an annual study conducted by World Perspectives, Inc., on behalf of the U.S. Meat Export Federation (USMEF). Dave Juday, World Perspectives senior...
Holding old crop grain could be playing with fire
The Planting Intentions and Quarterly Grain Stocks reports are out, and the numbers were pretty close to what we were expecting to see; more corn acres being planted. Of course, prices are decent, and we hear that a lot. But, if you are holding grain in the bin and...
U.S. ethanol gets full access to Japan
Japan?s Ministry of Economy, Trade, and Industry released its final proposed rule for partial amendment of the ?Act on Sophisticated Methods of Energy Supply? structures last week. The act, in place through 2028, allows the country to further contribute to its climate...
Making informed decisions to improve profitability with digital tools
AgriEdge is a digital farm management tool that has been on the market for over 20 years. It is a tool that allows growers to input their data and have all operational information in one place. Ashley Green a digital ag solutions marketing lead with Syngenta says...
Quarterly Stocks and Prospective Plantings reports gave a variety of news today
It was a busy day in the ag marketplace as the USDA released its Quarterly Grain Stocks and Prospective Plantings reports. While both had at least a hint of bearishness, some of the numbers from today will create interesting situations to monitor in the future....
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More Ag News
Propane supply in good shape heading into winter
Dan Pannier, propane operations manager with GROWMARK, tells the Iowa Agribusiness Radio Network that the propane industry has been able to rebuild its national inventory in 2023. In just the past week, however, Pannier says demand has started to increase. Pannier...
HPAI case confirmed in Kossuth County
The Iowa Department of Agriculture and Land Stewardship and the United States Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) have confirmed a positive case of Highly Pathogenic Avian Influenza (HPAI) in Kossuth County. The affected...
Unveiling the “Blue Taps = Blue Water” program to improve water quality
A big announcement providing more funding to help improve Iowa's water quality out in the countryside. It's partnership between the Iowa Agricultural Water Alliance and West Okoboji brewing, one of the most popular craft breweries in the state. Called the Blue Taps...
Could we see a reduction in pork production?
Pork producers have had a very tough year when it comes to the prices they've been getting paid for their products. The oversupply issue we saw come out of the 2020 pandemic really hasn't settled down too much. Recently, Rabobank looked at some data that shows we...
South American Weather and Crop Update (11-7-23)
Some nice weekend rains helped to alleviate some of the drought pressure in South America. Allendale commodity broker Greg McBride gave an update on the current weather patterns in Brazil and Argentina. However, McBride said they don’t have as much faith in the...
