Local

Market Traders Disappointed By USDA Report

Market Traders Disappointed By USDA Report

USDA’s June supply and demand report disappoint market traders.  The agency left soybean acreage, production and ending stocks numbers unchanged from May.  They also left acreage unchanged on corn, lowered yield 1.5 bushels per acre with the delayed plantings and lowered new crop ending stocks to 1.95 billion bushels.   Randy Martinson with Progressive Ag in Fargo, North Dakota says USDA chose to make their acreage revisions in the June 28 report.

USDA lowered new crop ending stocks by 11 million bushels from the May report, but the trade was expecting a bigger cut.   And Martinson says he was surprised the agency increased hard red winter wheat production 2-percent, which bumped all wheat production to 2.08 billion bushels.

New crop world ending stocks were lowered slightly for corn and soybeans.  However, WASDE cut world wheat carryout by 5 million metric tons to reflect the dryness in Russia and Ukraine

PlayPlay

Recent Headlines

in National

Amanda Knox murder conviction overturned

FILE - In this Jan. 31, 2014, file photo, Amanda Knox prepares to leave the set following a television interview in New York. Knox is engaged to Colin Sutherland, a musician who recently moved to Seattle from New York, a person close to the Knox family confirmed for The Associated Press. Knox’s murder conviction in the 2007 stabbing of her roommate has been reinstated by an Italian court, but the former college exchange student maintains her innocence and vows she won’t willingly go back to Italy. Both Knox and Sutherland are 27. No wedding date had been set.

Italy's highest court has overturned the murder conviction against Amanda Knox, bringing to a definitive end the high-profile case.

in National

Time for Iran to make tough decisions in nuclear talks

In this March 26, 2015, photo, Iranian Foreign Minister Mohammad Javad Zarif, center, leaves a meeting with U.S. Secretary of State John Kerry and other U.S. officials at a hotel in Lausanne, Switzerland. U.S. and Iranian diplomats gather at a Baroque palace in Europe, a historic nuclear agreement within reach. Over Iraq’s deserts, their militaries fight a common foe. Leaders in Washington and Tehran, capitals once a million miles from each other in ideological terms, wrestle for the first time in decades with the notion of a rapprochement.

Six world powers and Iran move closer to a deal, but there are still major disagreements.

in National

Making headlines this week

AP193442892434_0

A look at some of the week's biggest headlines and the stories you may have missed.

in Local

Marijuana Production on the Way for Iowans

marijuana

A bill that would legalize the use of marijuana as treatment for certain medical conditions that cause seizures.

in Local

Census Data Says Iowa is Growing

market growing up

The U-S Census Bureau released estimates this week showing Iowa's population has increased by two percent since 2010