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Significant cuts to the U.S. wheat crop defined May’s WASDE report

Significant cuts to the U.S. wheat crop defined May’s WASDE report

With how dry it has been in the wheat growing regions of the U.S., many analysts were expecting to see a cut to the new crop wheat production numbers in the May World Agricultural Supply and Demand Estimates (WASDE) report. This month’s report did show exactly that, and the wheat prices shot up over forty cents to end the day on Tuesday, bringing the rest of the grain complex upwards with them. Allendale commodity broker Greg McBride said this positive move was even able to overcome what was...

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Grassley sows doubt on farm bill’s Senate prospects

Grassley sows doubt on farm bill’s Senate prospects

The U.S. House of Representatives passed its version of the farm bill on April 30th by a 224–200 vote. With passage through the House, this is the furthest a farm bill has advanced since 2018. However, despite passage in the House, the farm bill still has a long way...

U.S. red meat exports were strong in March

U.S. red meat exports were strong in March

March exports of U.S. pork were among the largest on record, concluding a very strong first quarter, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). USMEF President and CEO Dan Halstrom said increased year-over-year to...

E15 heads to House vote under cloud of distrust

E15 heads to House vote under cloud of distrust

A standalone bill allowing nationwide year-round sales of E15 is still expected to receive a vote in the U.S. House this week, but the path to that vote has created growing frustration among many agriculture state lawmakers. The tension began when Speaker Mike Johnson...

Grain markets monitoring three major headlines

Grain markets monitoring three major headlines

The ag marketplace has been all over the place recently. This week alone saw double-digit moves in both positive and negative directions for corn and soybeans, with both markets finishing the week higher. There are a few major news factors that have led to this...

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U.S. red meat exports were strong in March

U.S. red meat exports were strong in March

March exports of U.S. pork were among the largest on record, concluding a very strong first quarter, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). USMEF President and CEO Dan Halstrom said increased year-over-year to...