EPA Asking Corn, Oil for Input on the Next Phase of U.S. Biofuel Policy

The Environmental Protection Agency wants industry groups to give input on where the future of U.S. biofuel policy is heading after the current phase finishes in 2022. Four sources told Reuters that this is a […]

U.S. Sorghum Exports Shatter Single-Week Record

The USDA says American sorghum exports during the week ending on April ninth totaled a record-breaking 33.9 million bushels. That tops the previous record by more than 10 million bushels, a mark set in August […]

NPPC’s In-Person World Pork Expo Set for June

The World Pork Expo will be an in-person event scheduled for June in Iowa. The National Pork Producers Council says that all of the needed COVID-19 protocols will be followed, and they believe their members […]

USDA Looking to Halt Decline in Conservation Reserve Sign-Ups

Ag Secretary Tom Vilsack says the USDA is only days away from announcing “greater opportunities” for landowners to take fragile farmland out of production in exchange for a payment. A Successful Farming article says the […]

Produce Union Unhappy with USDA’s Cancellation of Food Box Program

A trade group in the fruit and vegetable industry is unhappy with the USDA’s decision to cancel the Farmers to Families Food Box Distribution Program. United Fresh says millions of Americans gained access to healthy, […]

Recap of the March 2021 Equipment Sales Report

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Closing Market Report- 4/16/21- Soybeans Lead a Mixed to Lower Day of Trading

Corn futures were firm early but succumbed to midday selling, so soybean and soy oil futures took the bullish lead Friday. World veg oil markets surged to big gains with June palm oil futures gapping […]

U.S. Drought Monitor: Tale of Two Regions

The U.S. Drought Monitor shows a tale of two regions—the East and the West. The Western U.S., in the latest Drought Monitor released Thursday, shows much of the region in drought categories, with several areas […]

KC Fed: Farm Lending Remains Muted in Early 2021

Farm loan demand remained muted at commercial banks in the first quarter of 2021. The Kansas City Federal Reserve Bank reports that a reduction in the volume of operating loans led to an overall decline […]

Grilling Season Rally Progressing Higher than Normal

This year’s grilling season rally is higher than normal, fueled by vaccine availability, stimulus checks and the opening of ballparks. Cattle market analyst Ed Czerwien writes in Cattle Business Weekly the daily spot Choice box […]

NCBA Endorses House Companion of HAULS Act

The National Cattlemen’s Beef Association just endorsed the Haulers of Agriculture and Livestock Safety, or HAULS Act of 2021. Introduced in the House of Representatives by Tennessee Republican John Rose and Democrat Darren Soto of […]

USDA Extends Comment for Proposed Revisions to Conservation Practice Standards

The Department of Agriculture’s Natural Resources Conservation Service recently extended the deadline for public comment on proposed revisions to 23 national conservation practice standards. The proposed revisions were published March 9 in the Federal Register […]

FCC App Helps Find Rural Broadband Coverage Gaps

The Federal Communications Commission is working on putting together an accurate picture of the broadband shortages in rural America. The agency needs some help with data collection, and they’re turning to the residents of rural […]

Opening Market Update- 4/15/21- Grains Higher Once Again

Grains are higher again in the overnight trade with all complexes trading higher across the board. The latest push of support for corn prices is coming largely from dry weather concerns in southern Brazil and […]

USDA Cancels Farmers to Family Food Box Program

Agriculture Secretary Tom Vilsack told House lawmakers Wednesday the Department of Agriculture is ending the Farmers to Families Food Box program. Representative David Valadao, a California Republican, stated, “although it wasn’t a perfect program, this […]

USDA Announces Further Pandemic Aid

The Department of Agriculture this week announced the availability of more than $330 million as part of the Pandemic Assistance for Producers program. The funding includes $169.9 million for the Specialty Crop Block Grant Program, […]

NPPC Outlines Top Legislative Priorities

Expanding market access to Vietnam, visa reform to address a livestock agriculture labor shortage, and foreign animal disease prevention are the focus of the National Pork Producers Council’s Legislative Action Conference this week. Pork producers […]

USAID Launchers Effort to Combat Infectious Disease threat, Antimicrobial Resistance

The United States Agency for International Development has tapped a consortium led by Cargill to improve livestock management and combat the threat of diseases to both human and animal health. The five-year, $33 million Transformational […]

Closing Market Update- 4/14/21- Risk On Day in Grains

It was certainly risk-on trade in grains today, with new contract highs posted in old and new crop corn, and Minneapolis wheat. The funds are back, buying all of the markets as the mostly dry […]

Grassley Emboldened as Biden EPA Backs Ethanol in HollyFrontier Supreme Court Waiver Case

Longtime ethanol backer and Iowa U.S. Senator Chuck Grassley says he’s encouraged the Biden EPA is siding with the ethanol industry in a case that goes before the Supreme Court later this month. The ethanol […]

March Farm Tractor Sales Show Broad Growth, Close Positive First Quarter

U.S. farm tractor unit sales extended their growth streak to eleven straight months. Canada also extended its own streak with a strong month of March, according to the latest data from the Association of Equipment […]

Ag Coalition Calls Infrastructure Proposal a Good Start

The Rebuild Rural Coalition calls President Joe Biden’s Infrastructure plan a good starting point for discussions with Congress. The group of more than 260 organizations representing rural communities and agriculture says in a statement, “We […]

Growth Energy, RFA, and NCGA Defend Year-Round E15 in Court

Corn and biofuels groups made their arguments Tuesday in a court case for year-round E15. Growth Energy, the Renewable Fuels Association and the National Corn Growers gave oral arguments in American Fuel and Petrochemical Manufacturers […]

Fertilizer Costs Shape Crop Production Expenses

The Department of Agriculture’s Economic Research Service reports production costs for corn and other major commodities are shaped by fertilizer cost. From 2010 to 2019, fertilizer was a major expense in U.S. corn production, accounting […]

Farmers National Company Reports Booming Land Sales

The dollar volume of land sales listed and sold by Farmers National Company during the first six months of its fiscal year ending March 31 was up 56 percent over the same period last year. […]

Closing Market Report 4/13/21- Grains Rebound on Tuesday

Tuesday morning trade started quietly but did not stay that way for long. Soybean oil surged higher, dragging soybeans along, and new-crop December corn scored another new contract high and a fifth consecutive higher close. […]

CoBank: U.S. Economy Gaining Momentum

The U.S. economy continues to outperform expectations as stimulus funds are fueling robust consumer spending. Forecasts point to seven percent GDP growth for 2021, the fastest rate of expansion since 1984, according to CoBank. The […]

Brazil Lowering Biodiesel Blend from B13 to B10

Brazil last week announced it will lower the percentage of vegetable oil blended into petroleum diesel. Brazil will reduce the blend from 13 percent, or B13, to ten percent, or B10. Brazil’s government claims the […]

Tyson Foods Unveils $425 Million Poultry Facility in Tennessee

Tyson Foods last week opened the company’s new poultry complex in Humboldt, Tennessee. The $425 million project, which includes a processing plant, feed mill and hatchery, represents Tyson’s biggest investment in Tennessee. Several hundred workers […]

Gas, Diesel Prices, Decline Slightly

For the fourth straight week, the national average price of gasoline has dropped, declining 2.1 cents to $2.85 per gallon. The national average now stands 0.5 cents lower than a month ago and $1.02 per […]

Farm Credit System Reviews Current Ag Economy

Record agricultural exports are contributing to favorable economic conditions for the U.S. farm sector. Exports to China have risen to record levels, with increases in soybeans, corn, wheat, and cotton. High crop prices and strong […]

February Red Meat Exports Trail 2020; Outlook Still Strong in 2021

U.S. beef and pork exports in February remained behind the rapid pace set in early 2020. However, USDA data compiled by the U.S. Meat Export Federation shows exports were consistent with USMEF’s February projections. The […]

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