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Trade trip aims to deepen ties with Vietnam and Indonesia
Iowa Agriculture Secretary Mike Naig was wheels up early this morning as he headed out on a state trade mission to Southeast Asia. The delegation will spend the next several days in Vietnam and Indonesia, two fast-growing markets that continue to show strong interest in Iowa corn, soybeans, ethanol, and pork. Naig says the goal is simple. Meet customers face to face, answer their questions, and strengthen the kind of relationships that help Iowa agriculture build long-term, dependable demand...
Markets are looking for news as government shutdown persists
There’s no clear end in sight yet for this government shutdown, and the markets are desperately looking for news headlines to trade. While there are a few things worth looking at, there’s not much solid news to trade on even outside of government reports. Allendale...
AFBF asks Congress and White House for farm aid
Farmers and ranchers are facing extreme economic pressures. The overall U.S. farm economy is in very bad shape, and the long-term viability of the sector is in danger. Brian Glenn, director of government affairs for the American Farm Bureau Federation, said costs have...
AI in agriculture is here and assisting farmers each day
AI, or artificial intelligence, is beginning to be applied to agriculture in tangible ways that can assist farmers with day-to-day tasks. Heather Hampton Knodle, president of Knodle Farms in Illinois, recently spoke about AI at the Rural Economic Outlook Conference at...
Bayer partners with Cornfed Farms to create first ForwardFarm in Midwest
Bayer is proud to announce that Cornfed Farms, a fourth-generation farm operated by the Mohr family, has been designated as the first Bayer ForwardFarm site in the Midwest and the only ForwardFarm in the United States. This recognition places Cornfed Farms as one of...
The rock that feeds the world: Inside a Canadian Potash mine
Most farmers are familiar with potash as a key source of potassium on a fertilizer tag, which helps crops grow stronger, healthier, and more productive. But fewer have stopped to think about where it actually comes from. Before it ever reaches a field, potash begins...
Taking a look at WASDE estimates despite government shutdown
The impact of the government shutdown continues to be felt, as today was supposed to be the October WASDE report. However, we can still look at the trade estimates to get an idea of what this month’s report could have looked like. Allendale commodity broker Greg...
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Feenstra talks farm economy investments from Trump tax cuts
There’s been discussion recently about potential farm economy investments that could result from some tax cuts made by President Trump. Iowa Congressman Randy Feenstra said he’s advocating for benefits like new export markets, among other changes. Feenstra said new...
China proposes a tariff-drop swap with Canada
The Chinese Ambassador recently told a Canadian national television audience that his country is willing to remove its tariffs on Canada’s pork products, seafood, and, by far the largest of the categories, canola oil, seed, and meal if Canada drops its 100 percent...
Markets stay cautious in fog of uncertainty
After some fireworks late last week, things have quieted down in the grain trade. The latest spark came as China and the United States each slapped new fees on maritime shipping from the other country. It’s another step in the ongoing trade war, but for now, markets...
Farm crisis not forgotten during shutdown
The farm crisis remains top of mind during the government shutdown and some lawmakers are sounding the alarm. That’s Mississippi Senator Cindy Hyde-Smith who says this is not a regional or political issue but one that affects all Americans. She adds that the situation...
China holding off on Brazil soybean purchases
High premiums on Brazilian cargoes are discouraging soybean buyers in China, which means the country has yet to secure much of its needed soybean supply for December and January. Reuters says the development could prompt the Chinese government to tap state reserves to...
