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Growing crush capacity shifts soy demand priorities
For decades, one of the soybean industry's biggest challenges was finding new markets for soybean oil. Today, however, the conversation is changing. Growing demand from renewable diesel and other biofuel markets has helped create new opportunities for soybean oil, while expanded processing capacity is creating a new challenge: finding markets for increasing supplies of soybean meal. When I visited Washington, D.C., I spoke with Pat Giberson, a New Jersey farmer and member of the United Soybean...
Strong opinions on proposed railroad merger
A proposed merger between the Union Pacific and Norfolk Southern Railroads is now before the Surface Transportation Board for possible approval. Mike Steenhoek, the executive director of the Soy Transportation Coalition, called this a “seismic development” for the...
South American Weather and Crop Update (1-16-26)
Right now is the short timeframe in which the crops in both Brazil and Argentina are in the critical yield determining phase. As a result, the weather is a huge focal point for the global grain markets. Allendale commodity broker Greg McBride said the weather forecast...
Latest outlook on soybean oil
While much of the focus in the USDA WASDE reports centers on row crops such as corn and soybeans, the reports also help provide a snapshot of the situation for various products such as soybean oil. The most recent WASDE report for January helps to detail the current...
Farmland values enter a new phase
The U.S. agricultural land market is shifting after years of steady growth. Although land values are still historically high, current signs indicate a more complex situation driven by local and regional factors rather than nationwide trends. “After years of steady...
Ernst says loan delays hurt Iowa growth
Farmers and rural businesses across Iowa are facing growing challenges when it comes to accessing capital. Tight margins, lower commodity prices, and rising input costs are colliding with loan processes that many lenders say have become increasingly difficult to...
U.S. Export Sales Report (1-15-26)
As we end off a busy week of government reports, the weekly export sales came in with plenty of activity. Allendale commodity broker Greg McBride gave a breakdown of the weekly report. China has nearly completed its obligation to purchase U.S. soybeans, so the markets...
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More Ag News
Iowa farmers face demand gap as production grows
Iowa farmers continue to push productivity higher, but new demand has not kept pace with that growth. Iowa Renewable Fuels Association Executive Director Monte Shaw told members that agriculture is once again facing a familiar challenge: more grain than existing...
Markets continue to look at South America as harvest continues
There were some recent concerns about dry weather in South America, but the current forecast is now showing ideal conditions for their crops. Allendale commodity broker Greg McBride gave an update on the latest conditions in Brazil and Argentina. McBride said soybean...
Senate Finance Committee looks closely at USMCA trade deal
With the review process of the U.S.-Mexico-Canada Agreement set to begin later this year, the Senate Finance Committee took a closer look at the deal this week. Dave Salmonsen, senior director of government affairs for the American Farm Bureau Federation, said the...
Strong U.S. corn exports continue
Another month-over-month increase is forecasted for our nation's corn exports, according to USDA's latest outlook. World Agricultural Outlook Board Chair Mark Jekanowski discusses the export numbers for the nation’s record corn crop. Jekanowski says one impact from...
Dairy producers in Iowa reminded to obtain 2026 dairy margin coverage by February 26
The U.S. Department of Agriculture (USDA) is encouraging dairy producers to enroll in Dairy Margin Coverage (DMC), an important safety net program that helps offset milk and feed price differences. This year’s DMC signup began Jan. 12 and the deadline to enroll is...
