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Markets reacted negatively to today’s slew of USDA reports
Several USDA reports were released today, including the January WASDE report and the Quarterly Grain Stocks. Unfortunately, most of these reports were negative for the ag marketplace. Allendale commodity broker Greg McBride said the markets really did not like seeing a 1.2 million acre increase to the harvested corn acres. The USDA also has not addressed the aggressive export numbers they put out for the soybeans last year, which caused another negative reaction today. Fortunately, McBride...
Flash sale data shows that China has not made big U.S. purchases yet
Last Friday was the first WASDE report since the end of the government shutdown. While the markets have already from recovered from that report, there is still plenty of information that was released that the markets will continue to look at. Allendale commodity...
What to expect from La Nina weather pattern this winter
It has been over a month since the National Weather Service officially declared the La Nina weather pattern for North America this winter. USDA meteorologist Brad Rippey says a La Nina winter has been the norm in recent years. Rippey describes the winter weather that...
Jay Theiler of Agri Beef Company elected chair of USMEF
The U.S. Meat Export Federation (USMEF) concluded its Strategic Planning Conference in Indianapolis Friday with election of new officers. Chairing USMEF for the 2025-26 term is Jay Theiler, executive vice president of corporate affairs for Agri Beef Company in Boise,...
Naig: USDA is back and Iowans stayed committed
The federal government is back open following the longest shutdown in United States history. Congress reached an agreement late last week, the President signed it, and agencies have been working their way back to normal ever since. USDA entered the restart period in a...
Grain markets react negatively to November WASDE
Friday brought us the first WASDE report in two months, and the markets had lofty expectations. However, the figures from this report were disappointing and caused a negative reaction in the grain prices to end the week. Allendale commodity broker Greg McBride said...
Increased biofuel demand could boost farm economy
At a time when the farm economy is facing a downward turn, farmers and ranchers are looking for expanded market opportunities. Faith Parum, an economist with the American Farm Bureau Federation, said increased biofuel production could be one avenue to increase farm...
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Cattle supplies in the U.S. remain tight
Cattle supplies blamed for high beef prices remain tight, according to the latest USDA cattle reports. That’s USDA livestock analyst Michael McConnell who says that all of the data on cattle shows just how low supplies are right now. He points to several factors that...
South American Weather and Crop Update (11-27-25)
Planting progress in South America continues as the global market situation continues to shake up the U.S. grain marketplace. Allendale commodity broker Greg McBride gave an update on the latest forecasts for both Brazil and Argentina. As pod fill approaches for the...
How will proposed H-2A changes impact farmers and farmworkers?
In late September, the U.S. Department of Labor announced it was lowering the H-2A Adverse Effect Wage Rate, better known as AEWR. If the interim rule is adopted, it means rates will drop to around $1.80 an hour in Idaho, $2.10 in Oregon, and nearly $2.50 an hour in...
Weekly exports of soybeans and corn decline
Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21...
Passing the heart of Thanksgiving from one generation to another
Thanksgiving is one of those rare holidays that feels familiar before it even begins. It starts with the smell of the food, the sound of the parade, and the rhythm of a day that never really changes. Growing up on the farm, we did not have to travel far. My...
