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Minor changes to South America production in March WASDE
In the March WASDE report, the USDA made some adjustments to the South American crop estimates. The changes were mostly offsetting, so overall production has not seen much of a change. Allendale commodity broker Greg McBride said they are waiting for the CONAB estimates to come out soon so they can make comparisons. The weather forecasts are dry right now, but McBride said rain will likely return to both countries soon. Since the crops in Argentina are past the yield determination phase, any...
Will farmland market settle in 2023?
A Northwest Iowa land sale in Sioux County recently made headlines with a new record price of $30,000 an acre. The sale shows the continued high demand for premium farmland.Seventy-three acres of high-quality farmland in Sioux County, Iowa, sold for $30,000 per acre...
Take advantage of profit opportunities in 2023
Farmers are already looking ahead to the 2023 growing season. Some headwinds could mean challenges in the year ahead. Steven Nicholson is the Global Sector Strategist for Grains and Oilseeds at Rabobank. Despite concerns about the future, Rabobank experts remain...
Getting first-hand accounts of the Mississippi River situation
The Mississippi River is low and even though there has been occasional rises being seen, it is a far cry from what it normally should be seeing for barge traffic. This is putting much of the U.S. interior in a bind, as we use the river network to move goods to the...
Beef advocacy program wants new applicants
The Beef Checkoff-funded Trailblazers program is asking for applications for its next class of beef advocates. Trailblazers, developed by the National Cattlemen?s Beef Association, takes advocacy to the next level by giving participants the tools and training they...
Early growth stage protection critical for maintaining yields
Early season protection for seeds and seedlings is a big factor in maximizing yield potential. Dale Ireland, Technical Product Lead - Seed care Syngenta Crop Protection, says that early growth plant health is vital to maximizing yields.There are several risks for...
Increased ethanol blend rates lower fuel costs for drivers
A new Energy Information Administration report clearly shows higher ethanol blends helped moderate fuel prices after the Ukraine invasion. The report also says the ethanol blend rates hit a record summer average of 10.5 percent. ?Fuel ethanol?s price discount to...
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More Ag News
U.S. Export Sales Report (7-20-23)
This week?s export sales actually brought some good numbers this time. Allendale commodity broker Greg McBride gave an analysis of this week?s U.S. Export Sales Report.McBride also provided an update on the state of the old crop contracts as we prepare to come to the...
USDA partnership to reduce anticompetitive barriers
USDA launched a partnership with bipartisan attorneys general in 31 states and the District of Columbia to enhance competition and protect consumers in food and agricultural markets. Through the agreement, this partnership will assist the state attorneys general in...
Rain and cooler weather finally made its way to Iowa
After one of the driest Mays on record and a dry end to June, July has finally brought some relieving rains to the state of Iowa. There was also some storm damage that came along with it, but the moisture was very much appreciated. However, Iowa State Climatologist...
Dry weather & the dollar top market concerns in 23
If nothing else, we can all agree that the markets are fickle. They move wherever the winds of change blow them. Sometimes it doesn?t even need a wind, a breeze will be just as volatile. Whether it is input costs, weather, geopolitical conflicts, or even government...
Hinson continues to advocate for all-of-the-above energy strategy
Last month, the Environmental Protection Agency (EPA) released its final rule setting biofuel blending levels under the Renewable Fuel Standard. This step backwards ignores the clear benefits of Iowa biofuels and upheaves the significant progress made by the biofuels...
