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USDA soybean oil export outlook raises concerns about market volatility
New USDA projections for soybean oil exports are increasing concerns about price volatility in agricultural markets as demand tied to renewable fuels continues reshaping the soybean sector. Analysts with the University of said the government’s first 2026-27 soybean outlook projects stronger domestic soybean crushing and growing soybean oil exports, while overall soybean ending stocks are expected to remain tighter than many traders anticipated. The report said increased reliance on soybean oil...
Congressman Nunn talks new CRP bill & railroad debacle at the border
There are many juggling pins in the air for the agriculture industry in Washington, DC. Yesterday we talked about the E15 situation with EPA, we still need a Farm Bill, and farmers need the tools to do their jobs properly and shipping lanes that are open for us to...
South American Weather and Crop Update (12-19-23)
Spotty rain has entered the forecast in South America. While it would possibly be enough rain for our growing season, both Argentina and Brazil need significantly more rain than that. Allendale commodity broker Greg McBride gave an update on the latest weather...
China cutting back on soybean imports
The December World Ag Supply and Demand Estimates showed that China will cut back on soybean imports. Mac Marshall, vice president of market intelligence for the United Soybean Board, said the slowdown isn’t a surprise. “Margins for hog producers have been tough...
Grassley details priorities for 2024 legislation
As 2023 begins to wind down, members of Congress are already looking to 2024 and what will be a busy year for agriculture in government. Ag focused members of Congress have signaled their hopes of crafting a new five-year farm bill and are trying to create a blueprint...
Applications open for PFI programs that help with crop rotations
Midwestern farmers thinking of diversifying their rotations with small grain crops like cereal rye, oats, barley, triticale and wheat can now apply for financial assistance through Practical Farmers of Iowa’s extended rotation cost-share programs. The programs – which...
American Coalition for Ethanol continues to push EPA on year-round E15
We cover many stories throughout the year, and obviously, some take up more of our time than others. Some stories develop for a year or more. Sometimes, those longer stories are unavoidable, like the Farm Bill. Those are the stories you follow for almost two years...
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More Ag News
Grassley discusses farm bill framework from Senate Ag Republicans
This week Senator John Boozman (R-AR), the ranking member of the Senate Ag Committee, unveiled the Senate Republican-drafted framework of the farm bill. Republicans have been stating for months that there should be more “farm in the farm bill.” Senate Ag committee...
Reflecting on the outstanding “Purchase Moore Hamann Bacon” campaign
A marketing initiative by the Iowa Pork Producers Association went viral last football season, encouraging consumers to purchase more ham and bacon through a clever name association. Kevin Hall, Iowa Pork Producers Association Communications Director, said the idea...
Uneventful June WASDE provides little market support
We weren’t expecting much from this month’s WASDE report, and those expectations turned out to be correct. Allendale commodity broker Greg McBride said this was a very neutral report. However, McBride said that this neutral report does not change the issues we’ll face...
Ag stakeholders react to Republican farm bill framework
Several key agricultural groups and stakeholders issued responses to the Senate Ag Committee Republicans’ farm bill framework. Gregg Doud, President and CEO of the National Milk Producers Federation, calls it a strong framework that marks another important step in...
NPPC is working globally to keep animals safe and trade moving
Earlier this week, we started a conversation with National Pork Producers Council (NPPC) VP of Government Affairs Maria Zieba. We discussed why it is important to have an international coalition to collaborate on finding solutions to foreign animal disease (FAD)...
