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Adjustments to the soybean balance sheets in USDA April WASDE report
The monthly WASDE reports from USDA provide a snapshot of the current state of U.S. and World Soybean Supply and Demand Estimates. World Agricultural Outlook Board Chair Mark Jekanowski notes the changes to the U.S. domestic use numbers in the April WASDE report. The season ending average price for beans was adjusted 10 cents higher than March with the price now at $10.30 per bushel. Jekanowski also provides updates to world soybean production supply and use. Jekanowski details some of the...
Market Psychology 101
Ok class, take your seats. It is time for today?s lecture.I will admit that psychology wasn?t my favorite class in college, but it does give us some insight into the way people think and react to certain situations. However, it is a little unusual to think about a...
Specialty crop farmers, beekeepers encouraged to update information on registry
Iowa Secretary of Agriculture Mike Naig today encouraged beekeepers and producers of pesticide sensitive crops to register, renew or update their production plots, fields and beehive locations on the Iowa Sensitive Crops Registry.?Specialty crop producers and...
Grassley in favor of legislation to counter Prop 12
Proposition 12 is a California law that mandates more space for breeding pigs. The United States Supreme Court justices upheld a decision to dismiss the lawsuit from the National Pork Producers Council (NPPC) and the American Farm Bureau Federation (AFBF) that sought...
Climate pattern likely to shift to El Nino later this spring
The drought conditions in Iowa have been trending in the right direction recently, as some timely rains have worked to replenish the soil moisture levels. Iowa State Climatologist Dr. Justin Glisan provided an update on the latest U.S. Drought Monitor report for the...
South American Weather and Crop Update (5-16-23)
The weather in South America is still pretty open and dry for farmers to work in the fields. While they would?ve appreciated that weather earlier this year, it?s still making things easier. Allendale commodity broker Greg McBride provided an update on the latest...
Lawmakers introduce legislation to classify corn as an advanced biofuel
New legislation introduced Monday in the House of Representatives would allow for ethanol from corn starch to qualify as an advanced biofuel. The Fuels Parity Act would also require the Environmental Protection Agency to use the Argonne GREET model to determine the...
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Strong month for U.S. pork exports driven by Mexican demand
It was another banner month for U.S. Pork exports according to the latest data for the month of October from the USDA. Kelli Wicks, manager of international market development for the National Pork Board, says that the Mexican market continues to be a big success...
USB infrastructure investments benefit all of U.S. agriculture
The United Soybean Board (USB) engages in a number of infrastructure investments designed to keep U.S. soybean growers in a global leadership position while also benefiting transport of other commodities and agricultural inputs. USB Director Belinda Burrier said...
Iowa land value study shows four percent rise in prices
Farmland values in Iowa rose again but at a slower pace than the two previous years. The annual Iowa State University Land Value Survey found that farmland values increased 3.7 percent, or $424, to $11,835 per acre. That increase follows a larger 17 percent increase...
“Factory farming” more a buzz word than a reality
“Factory Farms” is a term that we hear far too often from those who are seemingly opposed to the conventional form of farming that we are all used to seeing. Many times, it is thrown out by those who wish to either radically change or do away with agricultural...
Grassley anticipates challenges for ’24 Farm Bill
With Republicans and Democrats firmly entrenched in their positions, Senator Chuck Grassley (R-IA) says that the sides need to soften their stances and work on compromise to complete a new five-year farm bill in 2024. Grassley says that the current stalemate cannot...
