Iowa Makes $2.8B Grain Deal with Taiwan

cindy zimmerman

A trade team from Taiwan visited Iowa last week and signed letters of intent to purchase $2.8 billion worth of U.S. grains over the next two years. The deal includes corn, soybeans, wheat, and the ethanol co-product distillers dried grain with solubles (DDGS). Iowa Corn Promotion Board (ICPB) Director Mark Heckman signed the letter of intent between ICPB and the …

AgWired Energy, corn, Distillers Grains, Ethanol, Feed, Trade, Wheat

USDA Forecast Optimistic Despite Conditions

cindy zimmerman

U.S. farmers are expected to produce a record-high soybean crop this year, according to USDA’s August Crop Production report released Thursday. Soybean production is forecast at 4.38 billion bushels, up two percent from last year, while corn growers are expected to decrease their production by seven percent from last year, forecast at 14.2 billion bushels. Soybean yields are expected to …

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