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China holding off on Brazil soybean purchases
High premiums on Brazilian cargoes are discouraging soybean buyers in China, which means the country has yet to secure much of its needed soybean supply for December and January. Reuters says the development could prompt the Chinese government to tap state reserves to meet the near-term needs. China covered its needs through November with hefty buys from Argentina in recent weeks, but still needs eight to nine million metric tons for December and January. Escalating Washington-Beijing trade...
U.S. Export Sales Report (2-16-22)
Not much to write home about in this week?s export sales. Both corn and soybeans came in within expectations. Allendale commodity broker Greg McBride provided a breakdown of this week?s U.S. Export Sales Report.Flash sales have been pretty quiet recently, but McBride...
EPA proposal seeks reduction in pesticide exposures
The Environmental Protection Agency Thursday announced a proposed rule overturning a Trump-era change related to pesticide applications. The proposal would return pesticide Application Exclusion Zone requirements to the standard set in the 2015 Agricultural Worker...
Rural mainstreet index near growth neutral
Creighton University released its monthly Rural Mainstreet Index Survey on Thursday andCreighton professor and economist Dr. Ernie Goss says that this month?s survey is largely neutral.Goss says that the overall rate is slightly lower than last month. At 50.1, it is...
Still time to respond to the 2022 census of agriculture
Farmers and ranchers still have time to be counted in the 2022 Census of Agriculture, according to USDA?s National Agricultural Statistics Service. Although the deadline for submitting the ag census just passed, NASS will continue to accept completed census...
Property rights concerns are understood by proponents of carbon pipelines
As we talk about the carbon pipeline projects that are in the works across the state, we hear a lot of concerns being raised. One of those concerns has to do with property rights and the two most frightening words in Iowa Agriculture, and that is ?eminent domain.?...
Checkoff research identifies $400 million in soybean value
A new partnership, the first of its kind in more than 40 years, aims to increase soybean flower and pod retention. Suzanne Shirbroun, president of the North Central Soybean Research Program and an Iowa farmer, said the research is an investment in the future of...
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More Ag News
South American Weather and Crop Update (8-31-23)
A little bit of rain in South America, but that’s not enough to deter farmers from finishing harvest. Allendale commodity broker Greg McBride gave an update on the latest weather patterns. Harvest in Brazil is slightly behind the average, but McBride said this might...
Beef Promotion Operating Committee meeting next week
The Cattlemen’s Beef Board will hold its Beef Promotion Operating Committee meeting in Denver on September 6-7. The Committee consists of 20 cattle producers- ten from the beef board and ten from the federation. Jimmy Taylor, chairman of the Cattlemen’s Beef Board,...
Grassley criticizes EPA WOTUS final rule and calls for legislative fix
United States Senator Chuck Grassley says it’s time to end the WOTUS back and forth between the courts and the EPA and pass a legislative ‘fix’. Even after Senator Grassley said the Supreme Court rejected the EPA’s ‘significant nexus test’ for a navigable water to...
Quarter 2 flat for farm incomes
Earlier this year we discussed the prediction that the second quarter earnings wouldn’t be too exciting for farms across the Midwest. After all the dust has settled, we see that this prediction holds somewhat true. While we may not have seen quite the decrease we...
Grill pork this Labor Day holiday
The first tailgating weekend and the final summer holiday are right around the corner, so what locally grown meats will you be putting on the grill? Iowa is the number one pork producing state, so if that’s your protein of choice this weekend, National Pork Board’s...
