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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 Argentina, and McBride said their estimates are starting to meet the USDA in the middle. McBride said harvest in Brazil is pretty well completed. Meanwhile, Argentina is still lagging behind on harvest progress. The team at Allendale...
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...
Beef industry leaders travel to Korea and Japan
The U.S. Meat Export Federation, along with U.S. beef industry leaders, is on a global trip to see how U.S. beef is performing abroad. The trip included stops in Korea and Japan- two countries that have become great destinations for specialty cuts, among other...
U.S. Export Sales Report (5-9-24)
A neutral export sales report is favorable to the idea that the USDA will make cuts to U.S. exports in tomorrow’s WASDE report, as both corn and soybeans have fallen behind. Allendale commodity broker Greg McBride gave an update on the latest numbers. McBride said...
Calls for increased ag trade opportunities continue
United States agriculture continues to push for new trade opportunities in 2024. Ted McKinney, CEO of the National Association of State Departments of Agriculture, says the Biden administration is taking more action than in past years to increase those opportunities....
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Growth Energy CEO Skor gives Ethanol policy update
The news around the ethanol industry has been hopping for the past months. Whether it has been the EPA finally granting eight midwestern states to sell E15 year-round starting in 2025, yet another E15 emergency waiver, or the discussions over Sustainable Aviation Fuel...
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...