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South American Weather and Crop Update (5-13-26)
Despite weather concerns for the crops in Brazil, the USDA increased the crop projections for both Brazil and Argentina in the latest WASDE report. Allendale commodity broker Greg McBride said he was expecting to see a cut to the Brazil crop, which is still possible for the next WASDE report. McBride said the Brazilian forecast still contains plenty of dry weather. At the very least, the dry weather in South America is allowing for harvest progress to continue. The team at Allendale can be...
South American Weather and Crop Update (3-17-26)
The weather patterns are still favorable for farmers as harvest and planting continues in Brazil. Allendale commodity broker Greg McBride gave an update on the latest forecasts for South America. McBride said progress is still looking good for both harvest and...
Dry winter did not replenish needed moisture for growing season
Generally speaking, it was a mild and dry winter season for the United States. And it has left many areas of the country with dryness as the beginning of the planting season approaches. USDA meteorologist Brad Rippey details the lack of precipitation this winter...
China signals openness to buying more U.S. ag products
Top U.S. and Chinese economic officials held what were called “remarkably stable” talks in Paris during the weekend on several topics. Reuters said the discussions centered on potential areas of agreement in agriculture, critical minerals, and managed trade for U.S....
U.S. soybean quality delivering value in global markets
As global soybean production continues to expand, competition in export markets is increasing. However, U.S. soybean leaders say quality remains one of the biggest advantages American farmers bring to the global marketplace. According to Jim Sutter, CEO of the U.S....
News headlines bring negativity to soybean marketplace
Front month soybeans began Monday with a price of $12.14 cents before seeing losses of 70 cents to close at $11.55 and ¼ cents. In addition to continuing conflict in the Middle East and shipping issues in the Strait of Hormuz, comments from President Donald Trump...
Red meat exports mixed to start 2026
U.S. red meat exports were mixed in January, with pork exports trending higher year-over-year and beef trending lower according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports were led by another outstanding performance...
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Ernst backs Glen Smith, USDA restructuring plan
Another Iowan could soon be stepping into a key USDA leadership role, while the department also looks to reshape how it operates across the country. Senator Joni Ernst says Glen Smith is moving through the confirmation process for a USDA under secretary role, calling...
Fareway and Murphy Family Foundation team up for 6th annual food donation
This past Tuesday, the Murphy Family Foundation teamed up with Fareway for the sixth year in a row of donating Easter meal kits to the Food Bank of Iowa. Food insecurity is still more present than ever across the state, and these meal kits will provide a sense of...
Feeding the Economy report shows agriculture’s impact
Each year, the Feeding the Economy Report measures the downstream, off-the-farm economic impact of U.S. agriculture. Danny Munch, an economist with the American Farm Bureau Federation, said the report tracks three layers of impact. Munch said when you combine those...
Hog inventories up in March
The latest Quarterly Hogs and Pigs Report from USDA shows an increase in inventories. USDA livestock analyst Michael McConnell says the total number of hogs in the U.S. is up compared to this time a year ago. McConnell says hog inventories remain stable, adding that...
Secretary Naig issues statement on the Trump administration’s RFS volumes
Iowa Secretary of Agriculture Mike Naig today issued the following statement after the Environmental Protection Agency (EPA) finalized strong renewable volume obligations (RVO) within the Renewable Fuel Standard (RFS) for 2026 and 2027: “Biofuels lower costs at the...
