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Ag economy barometer drops in May
The Purdue University/CME Group Ag Economy Barometer dropped in May. Michael Langemeier, director of Purdue University’s Center for Commercial Agriculture, talked about the decline. Farmers appeared to be deeply concerned about current conditions. Langemeier said caution is also showing up in investment behavior. Breakeven prices are expected to climb in 2026. About two-thirds of producers in the survey say they expect war in Iran to impact their bottom lines this...
USB challenges young innovators to create soy-based textiles
The Soy Checkoff recently engaged students across the country to create the next great innovation in soy-based textiles through the NEXTILE Design Challenge. United Soybean Board Director Carla Schultz was a judge during the challenge and said the future of the...
Renewable diesel production surpasses biodiesel
The Renewable Fuel Standard mandates that a specific volume of certain biofuels be used each year in transportation fuel. One category of biofuels in the mandate is biomass-based diesel. For many years, biodiesel filled that part of the mandate. Biodiesel production...
Bayer applies for EPA label on low volatility dicamba
The dicamba battle has been raging for years. Court case after court case has been heard to determine the product's status. Farmers have come to depend on the product as a tool they can use on stubborn weeds. In February a federal court ordered a halt to the use of...
American agriculture is an “export powerhouse”
While the debate continues in Washington D.C. over whether the Biden administration should be doing more to create new trade opportunities, one fact remains. It’s no secret in U.S. agriculture how valuable trade is to multiple sectors. Daniel Whitley, administrator of...
South American Weather and Crop Update (5-29-24)
The weather forecast in South America has opened up and is now very dry for the next couple of weeks. Allendale commodity broker Greg McBride gave an update on the latest conditions. Harvest in Brazil is mostly wrapped up, and Argentina is making good progress on...
House Ag Committee makes progress on Farm Bill process
After almost 13 hours, the House Agriculture Committee sent their version of the farm bill from Committee Chair GT Thompson to the full House for a vote. Joe Gilson, director of government affairs for the American Farm Bureau, says it was quite a process to get the...
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U.S. Export Sales Report (10-24-24)
The pattern of strong export sales has continued, and this week was even stronger than the last. This is a far cry from the way we ended the last marketing year. Allendale commodity broker Greg McBride gave an update on the latest numbers from the USDA. Flash sales...
Ag exports will suffer without a new farm bill
With the September 30 expiration of the current farm bill, many important agriculture programs are on hold, including several trade promotion programs. Betty Resnick, an economist for the American Farm Bureau Federation, said Title III programs generate outstanding...
CARB, the RFS, and used cooking oil
U.S. farmers remain hopeful that the push for renewable diesel will open a large market for the vegetable oil pressed from soybeans. However, used cooking oil, particularly from China, is also used as a feedstock in biofuels and has been depressing the need for...
Fall harvest double digits ahead of last year’s pace
Reports show the U.S. corn and soybean harvests are double digits ahead of their five-year averages. Farm Policy News credits the fast pace to dry weather stretched across most of the U.S. through the past week. Corn harvest jumped 18 points nationally to 65 percent...
South American planting is behind schedule
You don’t have to tell farmers how much Mother Nature can change our plans. In Iowa alone, we went from a multi-year drought to a period when we were caught back up in a matter of weeks. And then suddenly, we were back in a drought again. While it probably isn't...
