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South American Weather and Crop Update (5-13-26)
Despite weather concerns for the crops in Brazil, the USDA increased the crop projections for both Brazil and Argentina in the latest WASDE report. Allendale commodity broker Greg McBride said he was expecting to see a cut to the Brazil crop, which is still possible for the next WASDE report. McBride said the Brazilian forecast still contains plenty of dry weather. At the very least, the dry weather in South America is allowing for harvest progress to continue. The team at Allendale can be...
Ethanol will be center stage at Iowa’s first NASCAR race
Iowa Corn is the entitlement sponsor of the first ever NASCAR race in Iowa and the race now has an official name. The Iowa Corn 350, Powered by Ethanol will take the track at Iowa Speedway in Newton on Sunday June 16th. Stan Nelson, a farmer from Middletown and the...
Secretary Naig announces SE Iowa water quality project expansion
Iowa Secretary of Agriculture Mike Naig announced today that a successful Water Quality Initiative (WQI) project in Wapello, Mahaska, Keokuk, and Jefferson Counties is expanding in territory while beginning a new phase that includes an added focus on edge-of-field...
Iowa Deputy Ag Secretary promotes Iowa commodities in Colombia
As we look for ways to bolster demand for our Iowa-produced ag products, we need to send officials to different countries to share the story of our goods and the quality we produce. Colombia has become a larger trading partner than many of us would have guessed a...
South American Weather and Crop Update (12-5-23)
Argentina and some parts of Brazil are seeing nice rains in the nearby forecasts, but there are still large sections of Brazil that are fairly dry. Allendale commodity broker Greg McBride gave an update on the current weather conditions. However, McBride said there...
Making necessary farming changes
Focusing on sustainability practices as the pillar of a farming operation. That may mean a dramatic change for yours and it requires a daily focus on how to improve: “Working ag retail actually really brought me onto the sustainability journey that I've been on, and...
Farm production expenses rise again, net cash income drops
Farm production expenses are up again, and net cash farm income is down. However, there is still some good economic news as 2023 moves towards the finish line. Farm production costs are forecast to jump another three-and-a-half percent this year, with interest and...
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More Ag News
This May will be remembered for severe weather
Before this month, we were all worried about the drought conditions in Iowa as it continued for over 200 weeks. However, we’re now completely on the other end of the spectrum, as there is no longer any drought listed in Iowa. Iowa State Climatologist Dr. Justin Glisan...
U.S. Export Sales Report (5-31-24)
Corn markets continued their trend of decent sales numbers, while soybeans continued their much less favorable trend. Allendale commodity broker Greg McBride gave an update on the latest export sales. At this time of year, McBride said the export numbers generally...
Is the Senate any closer to a compromise on the farm bill?
After the release of the House version of the farm bill two weeks ago, eyes in Washington D.C. turned towards the Senate chamber and whether the two sides of the aisle are any closer to coming to agreement on the Senate's version of the farm bill. United States...
U.S. ag trade deficit widens
The U.S. agricultural trade deficit is projected to increase again to $32 billion in fiscal year 2024, a $1.5 billion increase from the February projection. Those numbers come from the USDA Economic Research Service’s quarterly May 2024 Outlook for U.S. Agricultural...
Livestock groups pushing for more traceability options
As we face threats from foreign animal diseases worldwide, livestock groups are working hard to improve the traceability of where animals have been moving around the country. This information helps detect disease origins and helps us to contain problem areas quickly....
