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U.S. blockade in Strait of Hormuz will have long-lasting impact

U.S. blockade in Strait of Hormuz will have long-lasting impact

The Iran conflict has escalated further, as President Donald Trump announced a plan for a full U.S. Navy blockade in the Strait of Hormuz. Now, the energy and fertilizer industries are wondering what that will do to prices. Josh Linville, vice president of fertilizer for StoneX, said we’re in uncharted territory. While most farmers have spring needs met, Linville said this is rapidly becoming a long-term supply issue that will start in the fall and continue into 2027. Unfortunately, the...

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NASCAR partnering with POET to use new zero-carbon fuel

NASCAR partnering with POET to use new zero-carbon fuel

As part of a new partnership with POET, NASCAR has become the first major U.S. motorsport to utilize zero-carbon ethanol. This makes POET, which is already the nation’s largest biofuel producer, the Official Biofuel Partner of NASCAR. POET Founder and CEO Jeff Broin...

Full-scale beef herd rebuild remains on hold

Full-scale beef herd rebuild remains on hold

Typically, when beef prices are at a high level in the grocery store and herd numbers are low, the response is a rebuilding of supply. Nate Kauffman, the senior vice president and Omaha branch executive for the Kansas City Fed, says the numbers show there should be...

Secretary Naig calls on Congress for year-round E15 access

Secretary Naig calls on Congress for year-round E15 access

Today, Iowa Secretary of Agriculture Mike Naig urged the U.S. House of Representatives’ Rural Domestic Energy Council to find agreement to make year-round E15 available to drivers around the country. Secretary Naig, a longtime biofuels advocate, reinforced the...

Iowa farmers face demand gap as production grows

Iowa farmers face demand gap as production grows

Iowa farmers continue to push productivity higher, but new demand has not kept pace with that growth. Iowa Renewable Fuels Association Executive Director Monte Shaw told members that agriculture is once again facing a familiar challenge: more grain than existing...

Markets continue to look at South America as harvest continues

Markets continue to look at South America as harvest continues

There were some recent concerns about dry weather in South America, but the current forecast is now showing ideal conditions for their crops. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said soybean...

Senate Finance Committee looks closely at USMCA trade deal

Senate Finance Committee looks closely at USMCA trade deal

With the review process of the U.S.-Mexico-Canada Agreement set to begin later this year, the Senate Finance Committee took a closer look at the deal this week. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...

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The proof of pork demand is in consumer data

The proof of pork demand is in consumer data

The National Pork Board has a comprehensive business intelligence team analyzing data throughout the supply chain, including consumer preference, volume, value, and purchase trends. Kiersten Hafer, NPB  vice president of business intelligence and innovation, said they...

Beef, most fertilizers exempt from new tariffs

Beef, most fertilizers exempt from new tariffs

A new ten percent U.S. tariff on goods from around the world took effect on Tuesday. Meatingplace said a list of tariff exemptions included beef, some fertilizers, and metals like steel and aluminum that are already under Section 232 national security tariffs. The ten...