Top News & Analysis Iowa

  • NEW YORK/ WASHINGTON, Aug 20- President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday. Farmers bearing the brunt of Trump's trade with China say his support of the hardship...

  • NEW YORK, Aug 20- President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday. Departments of Energy and Agriculture as well as the Environmental Protection Agency, the...

  • *Crop tour sees sub-par corn yields in South Dakota, Ohio. As of 12:23 p.m. CDT, Chicago Board of Trade December wheat was down 7 cents at $4.65-1/ 2 per bushel after dipping to $4.63-1/ 2, the contract's lowest level since May 14. CBOT December corn was down 4-1/ 2 cents at $3.70 a bushel, but stayed just above last week's multi-month low of $3.69.

  • CHICAGO, Aug 19- Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week's hog slaughter was bigger than the previous week's, despite a fire that shuttered a Kansas beef plant. The USDA's slaughter data was supportive to futures, indicating that the loss of the Kansas plant might not be as significant...

  • As of 12:33 p.m. CDT, Chicago Board of Trade December corn was down 5-3/ 4 cents at $3.75 per bushel, but remained inside of Friday's trading range. Corn led the way down after weekend storms brought rain to Minnesota, southern Iowa, western Missouri and eastern Kansas, along with parts of Illinois, Indiana and Ohio. "So today is about taking risk premium out of the...

  • The heavy weekly losses- corn posted its biggest weekly drop in percentage terms since June 2016- stemmed from a surprise boost to the corn harvest outlook from the U.S. Agriculture Department on Monday. "We took it pretty hard from this crop report on Monday and we had a rough week and I think we are just getting a little bounce back," said Ben Buie, grain team leader at...

  • CHICAGO, Aug 16- Deere& Co. on Friday announced a review of costs after quarterly profits yet again missed Wall Street's estimates, hurt by bad weather and the U.S.- China trade war that have depressed sales of farm machines. In response to weak equipment demand, in May Deere announced a 20% production cut at its factories in Illinois and Iowa.

  • CHICAGO, Aug 16- Deere& Co. on Friday cut its earnings forecast and announced a review of costs after quarterly profits yet again missed Wall Street's estimates, hurt by bad weather and the U.S.- China trade war that have depressed sales of its farm machines. The Moline, Illinois- based company now expects full-year net income of $3.2 billion on annual sales growth...

  • CHICAGO, Aug 15- Chicago Mercantile Exchange hog futures fell to a five-month low on Thursday, pressured by big supplies that overwhelmed any optimism about news that China made its biggest purchases of U.S. pork in seven weeks, traders said. "Hopes of demand are getting outweighed by the record supplies," said Don Roose, president of U.S. Commodities in West Des...

  • In June, the USDA acreage report's projections far exceeded industry supply estimates, causing panic in the grain market. The American Farm Bureau claimed the report triggered a nearly $2.6 billion drop in the value of new-crop corn. "That USDA report was an absolute joke," said Brad Freking, owner of New Fashion Pork, which produces 1.4 million market hogs a year...

  • Democrats are descending on Des Moine, Iowa this weekend to take their trade message to farmers. CNBC's Kayla Tausche reports.

  • CHICAGO, Aug 6- Chicago Mercantile Exchange lean hog futures fell sharply on Tuesday as growing tensions between Washington and Beijing fueled worries about U.S. pork exports. China, the world's largest hog and pork market, has threatened to halt all purchases of U.S. agricultural products after U.S. China had been expected to ramp up pork imports this year,...

  • Severe flooding in the U.S. farm belt across Iowa, Nebraska, South Dakota and several other states delayed spring farming and has hit agricultural companies like Mosaic, which sell fertilizers directly to farmers. Mosaic cut its 2019 adjusted profit forecast, for the second time, to between $1.10 and $1.50 per share, from $1.50 to $2.00 per share, to reflect lower...

  • The company now expects adjusted profit between $1.10 and $1.50, from $1.50 to $2.00. Severe flooding in the U.S. farm belt across Iowa, Nebraska, South Dakota and several other states delayed spring farming and has hit agricultural companies like Mosaic, which sell fertilizers directly to farmers. The U.S. agriculture industry is already grappling with the...

  • CHICAGO, Aug 5- Chicago Mercantile Exchange livestock futures swung wildly on Monday, with the most-active October lean hog futures going nearly limit-up and- down in the same trading session, amid growing tensions in the U.S.- China trade war. China's Commerce Ministry said that Chinese companies have stopped buying U.S. agricultural products, and that China...

  • CHICAGO, Aug 2- With farm bankruptcies rising and agricultural debt loads soaring, the U.S. Senate has passed a bill that will make it easier for more farmers with larger amounts of debt to file for bankruptcy protection. The legislation, passed by the Senate on Thursday and earlier by the U.S. House of Representatives, is headed to the White House for President...

  • CHICAGO, Aug 2- U.S. farmers are feeding their livestock everything from outdated pet food and leftover bakery rolls to crops imported from South America after unprecedented spring planting delays boosted prices for locally grown corn. Feed is typically the biggest cost of raising farm animals, so adjusting diets has become critical for producers who are...

  • Aug 1- Pesticide and insecticide maker Corteva Inc's quarterly profit beat estimates as volumes and prices in its markets outside North America rose more than expected, while flooding in the United States hit sales in its home market. Corteva's results, its first after its separation from DowDupont in June, comes as agriculture companies have been ravaged by...

  • *China says talks were "candid, highly effective". *White House says China restates commitment to buy farm goods. The White House and China's Commerce Ministry each described the meetings in Shanghai as constructive, but neither announced any agreements or goodwill gestures that might have cleared the path to more substantive future talks.

  • The EPA and the U.S. Department of Agriculture are preparing to hold a cabinet-level meeting on the issue as soon as this week, two of the same sources said. But small facilities can secure exemptions from the program if they can prove to the EPA that complying would cause them financial hardship. Since Trump took office, the EPA has more than quadrupled the number...