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U.S. Export Sales Report (5-16-24)
Corn and soybeans sales came in within estimates, but they are still leaning towards the lower side of the range. This is not what we want to see with both markets trending lower already. Allendale commodity broker Greg McBride gave an update on the latest export sales numbers. While we did have some corn flash sales declared for China after being previously listed as unknown, McBride said that we need to see more activity from China. At this point, McBride said there would have to be...
Deadline approaching for century and heritage farm applications
The June 1 deadline for eligible Iowa farm owners to apply for Century or Heritage Farm recognition is quickly approaching, and the Iowa Department of Agriculture and Land Stewardship is encouraging farm families to apply today. The program, which was created in...
Spring warmup can be dangerous for stored grain
Spring warmup can be hard on stored grain, as the sun can cause bins to heat up very quickly. GSI District Manager Dave Ellis said it’s important to properly manage grain bins. Eilis said temperature management is key to proper grain storage. Ellis added that remote...
Ag loan interest payments are starting to soar
The economy is in a tough spot across the board, no matter how government officials want to try and spin it. Interest rates are climbing higher and that is causing problems for borrowers, especially in the agriculture sector. Agricultural operating loans, land loans,...
Benson Hill incorporating soybean meal into broiler chicken feed
Benson Hill recently conducted a feeding trial with Perdue Farms to showcase the ability of soybean meal to reduce feed costs while maintaining performance when used in the diets of broiler chickens. The soybean meal in this study was derived from Benson Hill’s...
South American Weather and Crop Update (5-14-24)
A mix of moisture is still sitting over South America. Some regions are dry, and some are getting too much rain. Allendale commodity broker Greg McBride gave an update on the latest weather patterns. CONAB just released its updated crop projections for Brazil and...
Iowa crop progress and condition report
Iowa Secretary of Agriculture Mike Naig commented on the Iowa Crop Progress and Condition Report released by the USDA National Agricultural Statistics Service. The report is released weekly April through November. Additionally, the Iowa Department of Agriculture and...
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Grassley wary of Chinese response to increased tariffs
On Tuesday President Biden announced a surge of increased tariffs on imported Chinese products under Section 301 of 1974’s Trade Act. The tariff hikes will be applied to $18 billion worth of imports from China including electric vehicle batteries and computer chips....
Hog prices much more stable now than a year ago
After soaring to yearly highs recently, the hog prices, along with the rest of the livestock, have come back down to earth. While we would’ve liked to maintain those higher levels, it’s important to remember that hog prices were considerably worse just a year ago....
Deadline approaching for century and heritage farm applications
The June 1 deadline for eligible Iowa farm owners to apply for Century or Heritage Farm recognition is quickly approaching, and the Iowa Department of Agriculture and Land Stewardship is encouraging farm families to apply today. The program, which was created in...
Spring warmup can be dangerous for stored grain
Spring warmup can be hard on stored grain, as the sun can cause bins to heat up very quickly. GSI District Manager Dave Ellis said it’s important to properly manage grain bins. Eilis said temperature management is key to proper grain storage. Ellis added that remote...
Ag loan interest payments are starting to soar
The economy is in a tough spot across the board, no matter how government officials want to try and spin it. Interest rates are climbing higher and that is causing problems for borrowers, especially in the agriculture sector. Agricultural operating loans, land loans,...