A new report from CoBank says grain merchandisers have endured rising costs of storing or carrying grain and oilseed inventories during the past year because of rising interest rates. Higher crop prices and rising operating costs like transportation, insurance,...
Brazilian beef exports to China are temporarily on hold after a case of mad cow disease was confirmed in the northern part of the country. The cattle disease, known scientifically as bovine spongiform encephalopathy (BSE), was confirmed by Brazil’s agriculture and...
Mexico officials issued a new decree on Monday calling for a revision to the ban on imports of biotech corn used for certain purposes, effective immediately. The decree also indicated the Mexican government would continue to allow imports of biotech corn used as...
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion, according to the U.S. Department of Agriculture (USDA). Final 2022 trade data released earlier this week by the...
The U.S. Department of Agriculture has increased ending stocks projections for U.S. corn, soybeans, and wheat in the February World Agricultural Supply and Demand Estimates (WASDE) report on Wednesday. This month's 2022/23 U.S. corn outlook is for lower corn used...
If you haven’t yet locked in a price on fertilizer, decision time is looming. Prices remain elevated due to global conditions. Supply concerns were the major culprit for high prices last year, but many say the fertilizer industry cried wolf, with the situation not...
Leaders of the Senate Agriculture Committee urge the U.S. Trade Representative to hold Canada accountable under the U.S.-Mexico-Canada Agreement. Senators Debbie Stabenow, a Michigan Democrat, and John Boozman, an Arkansas Republican, say Canada is obligated by...
If you’ve been following grain market trends lately, you know the impact South American weather is having on futures prices. Argentina is in the midst of a three-year drought, with this year being the worst. Hoosier farmers with the Indiana Soybean Alliance are in...
The USDA’s monthly World Agricultural Supply and Demand Estimates (WASDE) report, which was released on Thursday, may have a lasting impact for the next several months on grain prices according to one market analyst. “The bottom line is we don’t have as much corn,...
USDA Secretary Tom Vilsack said the U.S. won’t back down or compromise on its stance against Mexico’s plan to ban imports of genetically modified yellow corn. Vilsack made those comments while speaking to reporters during the American Farm Bureau Federation annual...
If you’re an Indiana farmer, you may be deciding now what to plant and where this spring based off rising input costs and current commodity prices. That’s why one Purdue Ag Professor has some advice for you for 2023. “Right now, soybeans look more profitable than...
