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U.S. Export Sales Report (8-27-26)
Old crop sales hit marketing year lows, but old crop sales are not very important at this time of year. Shipments, however, were robust, and they could lead to favorable market conditions for the new crop marketing year. Allendale commodity broker Greg McBride said this will likely lead to low carryover numbers for the corn. McBride said the soybean side of the report was robust as well. Despite this positive report, the grain markets have been on a crazy upward tear this week. McBride said...
Ethanol production reaches highest level in two months
U.S. ethanol production climbed to its highest level in more than two months last week, according to the latest report from the U.S. Energy Information Administration. Ethanol output averaged 1.117 million barrels per day during the week ending June 26, up from 1.09...
Farmers feeling pressure from all sides
House Agriculture Committee Ranking Member Rep. Angie Craig says farmers across the country continue to face significant financial pressure, despite their resilience and optimism. During a press call with agricultural reporters, the Minnesota Democrat said producers...
Practice food safety during Independence Day celebrations
The Fourth of July weekend means a lot of grills firing up for holiday meals. Don’t forget the importance of food safety when cooking on a grill. Meredith Carrothers, technical information specialist with the Food Safety and Inspection Service, talked about the...
When rebuilding the herd, quality must be the focus
For the Angus cattle industry, business has been very good recently. Casey Jentz, Chief Operating Officer at the American Angus Association, says that Angus currently have 80 percent of the market share in the commercial space. He adds that if Angus ranchers could...
Promoting pork for today’s tastes
Driving pork demand and swine health remain top priorities for newly-elected National Pork Board President Chad Groves. He mentioned the importance of the “Taste What Pork Can Do®” campaign in promoting pork consumption and acknowledged the industry’s commitment to...
Ag groups react to first USMCA review
American agricultural groups reacted to the U.S., Mexico, and Canada launching the first joint review of the U.S.-Mexico-Canada Agreement. “Getting USMCA right matters enormously to our industry, which ships more than 40 percent of all U.S. dairy exports by value to...
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More Ag News
Farmers remain cautious about AI technology
Artificial intelligence is becoming a larger part of agriculture, but many farmers remain cautious about adopting the technology, according to the latest Purdue University CME Group Ag Economy Barometer. The monthly survey asked producers about artificial intelligence...
Looking for profits amid heightened grain market volatility
The markets are already volatile at this time of year, but when you add a few global news headlines on top of that, you get what we are currently seeing in the ag marketplace: chaos, chaos, and more chaos. Michael Weidner, director of grain origination and producer...
Cattle marketplace continues to grind lower
While the grain side of the ag marketplace has seen some price relief in recent days following the most recent USDA reports, soybean purchases by China, and weather premium being priced into the market due to heat concerns, the cattle side of the ag marketplace is a...
Dairy leaders push for ag labor reform on Capitol Hill
Dairy farmers from across the country took their message to Capitol Hill this week, urging lawmakers to advance agricultural labor reform and other key dairy priorities. More than three dozen advocates participated in the National Milk Producers Federation's State...
Brazil farmers facing a “perfect storm” of financial conditions
Brazil, the top global competitor to U.S. corn and soybeans, just wrapped up another huge harvest, but the next crop might have a less favorable fate. Dr. Michael Cordonnier, President of Soybean & Corn Advisor in Hinsdale, Illinois, describes a combination of...
