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U.S. Export Sales Report (5-21-26)
As more details come out about the trade agreement between the U.S. and China, the weekly export sales continued following along its recent trends. Allendale commodity broker Greg McBride said the corn sales were the highest ever for this specific week. McBride said the soybean sales rebounded this week. While McBride said he is confident that China will hold up to its end of the agreement, it won’t do much for the soybean markets. The team at Allendale can be reached by calling 800-262-7538,...
POET and Summit announce partnership
POET Ethanol and Summit Carbon Solutions announced a partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project. The collaboration will capture the value of biogenic CO2 from the bioethanol production...
You can’t be successful without communication
We know that as humans we communicate a lot. We are, by nature, social beings to one level or another. Of course, that love of communication varies from person to person, which is okay. However, it isn’t okay when we need to communicate to keep the family operation...
Former South Dakota Ag Secretary steps in as USB CEO
Former South Dakota Secretary of Agriculture Lucas Lentsch stepped into the CEO job for the United Soybean Board (USB) earlier this month. Lentsch talked about how the USB handles the national soybean checkoff dollars. Lentsch said his past job experience made moving...
Farm bill stalemate continues with the clock ticking
Partisan disputes between Democrats and Republicans were the ultimate roadblock to a new farm bill in 2023 and those same differences are showing up again in the form of food programs vs. farm programs. Ag Republicans and farm groups prefer more dollars to boost ARC...
Twenty years of cash-back dividends from Farm Credit Services of America
For the 20th consecutive year, Farm Credit Services of America is sharing a portion of its net earnings with customer-owners through its cash-back dividend program. Jim Knuth, senior vice president of lending with Farm Credit Services of America, said customers can...
Biomass diesel production grew 25 percent last year
Clean Fuels Alliance welcomed the Environmental Protection Agency’s release of public data for the Renewable Fuel Standard. That data shows U.S. production of biomass-based diesel - including biodiesel, renewable diesel, sustainable aviation fuel, and heating oil –...
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More Ag News
Farmers tracking pollination and disease pressure in mid-July
At this time of year, our crops are pollinating, and we need the weather to cooperate in order to make sure our yields can be as high as possible. Since we have plenty of moisture in the soil, it’s mostly up to the temperatures to cooperate. Nate Meyer, southwest Iowa...
Edge-of-field conservation practices are simple and effective
Edge-of-field conservation practices aren’t complicated, but they are highly effective at improving water quality. These can be as simple as a grass waterway or a buffer strip beside a small creek, or they can be much more intensive, like a bioreactor at the end of a...
Vilsack discusses expected record farm trade deficit
USDA Secretary Tom Vilsack says this year’s expected record farm trade deficit is due to a strong U.S. economy and U.S. criticism of a major trading partner, China. Vilsack says the U.S. economy’s strength, with its stronger dollar, is largely to blame for USDA’s...
U.S. soybean supply to rebound in 2024-2025 marketing year
The U.S. soybean supply for marketing year 2024-2025 is forecast at 4.8 billion bushels, eight percent higher than the previous marketing year but down 20 million bushels from last month’s forecast. According to the National Agricultural Statistics Service Acreage...
The Midwest will enjoy a little bit of a cooldown
On Monday, we saw storms roll across central and eastern Iowa, which rolled to the Indiana/Ohio border. Rain, hail, tornadoes, and high wind gusts were recorded after what NOAA classified as a derecho. Wind gusts of over 100 miles an hour were recorded near New Vienna...
