News Archive
Markets updated at 8 a.m., 11 a.m. & 2 p.m.
Kirsten Rall updates the markets, current as of 11/15/19 at 2:00 p.m.
Grains:
Wheat is lower again on Friday, followed by corn. Soybean futures ended Friday...
Protein Perceptions
You’ve probably noticed the growing number of commercials for plant and cell based products. They are hard to miss. A lot of money is...
China Drops Ban on U.S. Poultry Imports; Poultry Organizations say China Access Worth Billions
Ag Secretary Sonny Perdue and U.S. Trade Representative Robert Lighthizer are both pleased that China lifted it’s “unwarranted ban” on U.S. poultry imports. “This...
Japan Likely to Vote on U.S. Trade Pact Next Week
Media reports in Japan are saying that the parliament is likely to start voting on a trade pact with the U.S. sometime next week....
U.S., China Negotiations still Working through Sticky Subjects
The U.S. and China are still trying to put the final touches on a limited trade agreement that will involve Chinese purchases of U.S....
Emergency Funds Secured to Dredge Mississippi River
Wisconsin Representative Ron Kind, along with Minnesota Representatives Angie Craig and Betty McCollum, announced they have secured emergency funding for the U.S. Army Corps...
USDA Offering Flexibility on Crop Insurance Premiums
The USDA’s Risk Management Agency says it will continue to defer accrual of interest for 2019 crop year insurance premiums to help farmers hit...
Court Tosses Out Lawsuit on Biofuel Waivers
A federal court dismissed one of the multiple lawsuits challenging the Environmental Protection Agency’s use of small refinery exemptions. The Washington, D.C., District Court...
Trump: Trade War is “Good for Business”
President Donald Trump defended his tariff policies during a speech on Tuesday at the Economic Club of New York. Politico says he denied that...
Trump Pressuring Pelosi for USMCA Vote
While the House impeachment hearings got started on Wednesday, Republicans are trying to make the case that the issue is making it difficult to...
First CottonU will Show Off New Cotton Trust Protocol
Cotton farmers who want to capitalize on sustainability for their operations should plan to attend the first-ever CottonU on December fifth at the Amarillo...
Farmers Using Less Water to Irrigate
The 2018 Irrigation and Water Management Survey results are out this week, showing that over 231,400 farms irrigated 55.9 million acres. That included 83.4...
NASCAR Drivers Surpass 15 Million Miles on E15
At the Bluegrass Vacations 500 race, NASCAR reached a significant milestone, announcing that their drivers surpassed 15 million miles on the E15 ethanol blend....
Farmers Turning to Riskier Loans to Stay in Business
Weather challenges, trade tensions, and long-term financial struggles continue to make life difficult in the U.S. agricultural sector. The Wall Street Journal says those...
Opportunity Ahead for More U.S. Wheat Exports to Brazil
Brazil is set to open a tariff-rate quota on wheat imports, a potential opportunity for U.S. wheat producers. The quota will allow 750,000 metric...
Ag Lender Survey Shows Lower Profitability and Higher Concerns
The American Bankers Association teamed up with Farmer Mac for their Fall 2019 Ag Lender Survey. The biggest takeaway from the report is that...
America’s Largest Milk Producer Files for Bankruptcy
Dean Foods, a 94-year-old milk producer, is filing for bankruptcy. The largest milk producer in the country is struggling as Americans are no longer...
Senate Democrats Report Says Trump Trade Policies Pick Winners and Losers
Senate Ag Committee Ranking Member Debbie Stabenow and Senate Minority Leader Chuck Schumer led a group of fellow Democrats in releasing a report on...
Justice Department Asks for Stay in Sugar Decision
Late last week, the U.S. Justice Department filed a motion requesting a 90-day stay in the Court of International Trade’s ruling that an amended...
Trump says No Agreement with China on Easing Tariffs Yet
Late last week, the Chinese government stated that the U.S and China had reached an agreement to begin rolling back tariffs after a phase...
USDA Set to Allow Chinese Poultry Imports as a Sign of Progress
The U.S. Department of Agriculture is taking steps to allow poultry imports from China. FarmProgress.com says it’s a sign of ongoing progress in the...
USDA Announces Aid Package for Southern Farmers Hurt by Hurricanes
Ag Secretary Sonny Perdue says his agency is making $800 million available to agricultural producers in Alabama, Florida, and Georgia, who were affected by...
Brazil Taking Cotton Exports Away from U.S. Producers
While soybeans have gotten a lot of attention during the U.S. trade war with China, U.S. cotton is one of the lesser-known victims of...
Rabobank: China’s Hog Herd Won’t Bounce Back for Five Years
Rabobank says China’s pig herd, once the largest in the world, will take more than five years to recover from the African Swine Fever...
New Tractors Presented to Farmer Veteran Coalition Members
In partnership with the Farmer Veteran Coalition, Kubota presented five farmer veterans with new tractors as a part of its “Geared to Give” program....
Harsh Weather Brings More Harvest Delays
This week an arctic blast will delay harvest and transportation across the Central and Eastern Midwest. DTN Meteorologist Bryce Anderson says it is not...
Perdue Hoping Trade Aid Payments Unnecessary in 2020
Ag Secretary Sonny Perdue is hoping that a third round of trade aid payments to farmers will be unnecessary in 2020 because of a...
House Ag Chair Undecided About Another Congressional Run
Speculation seems to be swirling about whether or not House Ag Committee Chair Collin Peterson will be running for office again. Politico says the...
Peterson: USMCA Vote Possible this Week or Next
The House of Representatives could vote on the U.S.-Mexico-Canada trade agreement as early as this week or the next. Farm Journal’s Agweb.com says Colin...
China’s Demand for U.S. Pork Continuing to Grow Despite Tariffs
The USDA recently raised its pork export forecast for both 2019 and 2020. The predicted rise is due in large part to the significant...
September Beef Exports Steady; Pork Higher but Pace Slowing
September exports of U.S. beef were steady with last year’s volume, but the export value was trending lower. That’s according to USDA data compiled...
Hemp Federation of America Flying into Washington, D.C.
The brand-new Hemp Federation of America is planning its first-ever fly-in to Washington, D.C., this week. The fly-in is happening as some farmers are...
What Comes After ‘Phase 1’?
'Phase one' has yet to be signed as both sides work toward an agreement. An upset in the agreement the last few days has...
No Agreement on Rolling Back Planned Tariffs as Part of Phase 1
Mixed signals are coming from both sides in the U.S. China Trade war. On Thursday, China agreed to roll back on planned tariffs. The...
China, U.S., Strike Tariff Rollback Agreement
The U.S. and China will roll back tariffs if they strike a preliminary deal, a move requested by China before signing a phase one...
U.S. Democrats Tell Trudeau USMCA Negotiations Near Completion
A delegation of U.S. House Democrats this week told Canadian Prime Minister Justin Trudeau the U.S.-Mexico-Canada Agreement negotiations are nearly complete. Led by Representative...
NPPC Launches USMCA Campaign
The National Pork Producers council Thursday launched a campaign to highlight the importance and benefits of the U.S.-Mexico-Canada trade agreement. The "It's Pork O'...
EPA Seeks Nominations for Farm/Rural Federal Advisory Committee
Environmental Protection Agency Administrator Andrew Wheeler Thursday asked for nominees to serve on the Farm, Ranch, and Rural Communities Committee. EPA is seeking 20-30...
USDA Finds Genetic Path to Double Sorghum Yield
Scientists with the Department of Agriculture’s Agricultural Research Service have discovered genes in sorghum that can double the amount of grain the plant produces....
Hemp Farmer Says New York Police Mistook Hemp Shipment as Marijuana
Police in New York last week intercepted and seized a shipment of organic hemp, allegedly mistaking it for marijuana. Vermont’s NBC-5 reports Fox Holler...
Good cop/ Bad cop
Since its passage the Renewable Fuels Standard has been controversial. Supporters protect it and critics attack it. Both sides feel EPA (regardless of Administration)...
NPPC Launches ‘Pork O’ Clock’ Campaign to Highlight Importance of USMCA Agreement
Today, the National Pork Producers Council (NPPC) launched a dynamic new campaign, "It's Pork O' Clock Somewhere," to highlight the importance and benefits of...
Ethanol Industry Looking South for New Business
Corn growers and ethanol manufacturers are increasingly frustrated with blending waivers for oil refiners deflating the domestic biofuel market. While those groups continue to...
NPB Study Shows Protein Opportunity in China
A new National Pork Board report looks into the short term and long-term need for protein in China. It also talks about how U.S....
Canada Resuming Beef, Pork Exports to China
Prime Minister Justin Trudeau says Canada’s beef and pork exports to China will resume, ending a four-month trade dispute with Beijing. Trudeau said earlier...
Grassley Working on Tariff Reform
Iowa Senator Chuck Grassley, who also chairs the Senate Finance Committee, is working on reforming Section 232 tariff authority. He says Congress gave away...
NBB Applauds Letter on Tax Incentives
Forty Democratic members of the House of Representatives sent a letter to Speaker Nancy Pelosi and Ways and Means Chair Richard Neal regarding expired...
Is a Hemp Checkoff Coming from USDA?
A USDA official said earlier this week that the U.S. hemp industry could have a producer-funded checkoff program coming soon. The Agricultural Marketing Service’s...
Midwest Propane Expected to Trend Higher
The price of propane is expected to trend higher in the upper midwest, as farmers search for fuel to dry out wet crops. Mike...
China Urges Trump to Lift Tariffs
China wants the United States to commit to lifting tariffs to reach a phase one trade agreement. The South China Morning Post reports Beijing...
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