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Grain markets monitoring three major headlines
The ag marketplace has been all over the place recently. This week alone saw double-digit moves in both positive and negative directions for corn and soybeans, with both markets finishing the week higher. There are a few major news factors that have led to this heightened volatility. Bill Moore of PRICE Futures Group said there’s a lot of hope that a peace treaty can finally be reached with Iran. Moore said the markets are also anticipating the May WASDE report, which will offer the first good...
HPAI cases confirmed in Taylor and Jones Counties
The Iowa Department of Agriculture and Land Stewardship and the United States Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) have confirmed positive cases of Highly Pathogenic Avian Influenza (HPAI) in Taylor and Jones Counties....
New parameters for market trade going forward
Adjusting the parameters for our cash crop trade going forward was yesterday’s WASDE report. USDA raised both corn and soybean yields along with carry-outs and probably capped the corn trade at that $4.50 to $5 level, with soybean ranges like in the $13 area. American...
Juggling the market movers
The marketplace is a very fickle place. My dad used to quip many times that “someone must have turned on the sprinklers in Chicago and they think we are getting rain” whenever the markets were down. All joking aside, it doesn’t take much to move the market, but that...
USDA raises yields in November WASDE report
Not much was expected from this month’s WASDE report, but those are seemingly always the times when we get some of the biggest surprises. Instead of waiting for the January report, the USDA raised yields for both corn and soybeans today. Allendale commodity broker...
SAF leaders urge Biden administration to use GREET model
Sustainable aviation fuel leaders are pressing the Biden administration to modernize its carbon measuring model for the biofuel, key to winning tax credits to attract needed investment. Seventy industry leaders, including major airlines, wrote Treasury Secretary Janet...
Farmer sentiment rises in latest ag economy barometer
The Purdue University-CME Group Ag Economy Barometer rose four points in October to 110. The modest improvement in farmer sentiment resulted from farmers' improved perspective on current conditions on their farms as well as their expectations for the future. The Index...
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More Ag News
New breakthrough in the battle against corn tar spot
This week Bayer Crop Science announced a new breakthrough in the battle against tar spot. Bayer researchers have developed a method to artificially inoculate tar spot in Bayer field test plots. This will give Bayer Crop Science a leg up in better understanding tar...
Governor signs bill to increase critical renewable fuel infrastructure funds
The Iowa Biodiesel Board and the Iowa Soybean Association commended Governor Kim Reynolds and the state legislature for their decisive action in boosting funding for renewable fuels infrastructure. Reynolds signed legislation today that marks another significant step...
May WASDE still conservative with changes to crops
While the markets reacted positively, the May WASDE report wasn’t exactly bullish. In the case of corn, Allendale commodity broker Greg McBride said the numbers just weren't bearish. McBride said things were more obviously bearish on the soybean side of the report....
With rain delays, farmers considering delayed planting and replanting
With few workable planting days due to the rain, farmers are considering what they might have to do to make sure the crop gets planted and still performs well. This could include strategies like delayed planting or even replanting. Nate Meyer, southwest Iowa field...
Ernst critical of Biden Administration’s ag trade message
Many of you who have children or are kids at heart have probably seen the original Lego Movie®. It was a neat little story about overcoming adversity and learning the value of teamwork. The movie produced a well-known song that entered the pop culture lexicon for a...
