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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 brought negative price movement to the soybean complex. The President was scheduled to visit with the President of China, Xi Jinping, at the end of March but Trump indicated that the meeting could be delayed. That is commodity broker,...
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
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
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 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
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
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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RFA blames divided oil industry for no year-round E15 deal
The Renewable Fuels Association says that a deal on year-round E15 access could have crossed the finish line if not for infighting between a divided oil industry. Renewable Fuels Association Senior Vice-President Troy Bredenkamp says most of the oil industry was on...
U.S. Export Sales Report (2-20-26)
The weekly export sales report was significantly overshadowed by trade deal news and the Supreme Court’s decision to rule against President Trump’s tariff authority, but that doesn’t change the fact that both the corn and soybean markets saw uncharacteristically good...
Supreme Court rules against President Trump’s tariff authority
In a 6-3 decision, the Supreme Court ruled that President Trump does not have the authority under the International Emergency Economic Powers Act (IEEPA) to enact global tariffs, dealing a major blow to the President’s primary economic strategy. This decision comes...
Trump order protects glyphosate, phosphate production
President Donald Trump signed an Executive Order mobilizing the Defense Production Act to protect the domestic production of elemental phosphorus and glyphosate-based herbicides. The order says these two critical inputs are essential to military readiness and...
Fly season approaching fast for Iowa livestock producers
As livestock producers look ahead to warmer temperatures, fly pressure is already part of the conversation across much of the Midwest. While flies are often viewed as a seasonal annoyance, industry experts say their impact can reach far beyond irritation, affecting...
