May corn closed at $7.53, up 2 and 1/4 centsMay soybeans closed at $16.89 and 3/4, up 30 and 1/4 centsMay soybean meal closed at $473.30, up $14.60May soybean oil closed at 75.75, up 153 pointsMay wheat closed at $12.86 and 1/2, down 7 and 1/2 centsApr. live cattle closed at $139.05, up $1.15Apr. lean hogs closed at $102.92, up $2.65Mar. ...
Some grain merchandisers are going to extreme measures to offset wild market swings. Iowa State University Extension economist Chad Hart says some cooperatives have suspended cash bids, while others have moved to deferred contracts. “Incredibly volatile situation in the marketplace (and) we’ve seen prices move dramatically in both directions, (so) the coops and elevators are sort of caught in between. They’re both buying and selling the grain at the same […]
A representative with BASF encourages corn growers not to overcomplicate tar spot management. Vince Davis, who covers Wisconsin and northern Illinois, tells Brownfield it can be managed similarly to most foliar diseases. “With a good application timing between that tassel or early fill to about that R3 stage so we can reduce the stress on the crop.” He says one aspect unique to tar spot is how early it can […]
Soybeans were supported by commercial and technical buying. Beans were watching soybean products and energies, while getting ready for Wednesday’s supply and demand numbers. The big numbers for beans will be South American production estimates and U.S. ending stocks. CONAB’s updated outlook for Brazil is scheduled for Thursday the 10th. Unknown destinations picked up 126,000 tons of 2021/22 U.S. beans and China bought 132,000 tons, the eighth business day in […]
U.S. Senator Chuck Grassley is leery of oil giant Chevron buying Renewable Energy Group, the largest producer of biodiesel in the U.S. On a call with reporters Tuesday, the Iowa Republican says he’s had bad experiences with oil companies combining with biofuels. “During the Trump administration we often went to the White House to argue what EPA might be doing to harm ethanol. One time Valero was at the meeting […]
Milk futures and everything but powder closed higher on the Chicago Mercantile Exchange Tuesday. March Class III milk was up $.08 at $22.69. April closed up $.58 at $24.55. May closed up $.55 at $24.65. June was up $.52 at $24.43. July through February contracts ranged from twenty-three to forty-six cents higher with the biggest gains between July and September. Dry whey was unchanged at $0.7575. Two sales were registered […]
A state veterinarian says poultry producers across the country should exercise caution as Highly Pathogenic Avian Influenza has been detected in backyard and commercial flocks in at least a dozen states. Dr. Mark Ernst with the Illinois Department of Agriculture says HPAI is a fast-acting respiratory disease that often goes undetected until sudden death hits a flock. “One of the earliest signs people have seen is a drop in water […]
The Illinois State Veterinarian says poultry producers should remain vigilant as Highly Pathogenic Avian Influenza has been detected in neighboring states. Dr. Mark Ernst tells Brownfield so far there are no confirmed cases in Illinois, and they’ve had very few calls about sick birds to investigate. “But I don’t think we can let our guard down at all on this. I know there are some wild bird detections up and […]
An ag economist says wheat futures could freefall at any time. The University of Missouri’s Ben Brown said wheat is trading above market fundamentals, receiving bullish signals from a short squeeze which he compares to Game Stop’s stock in 2020. “We saw shares of GameStop go from like $20 a share to over $450 a share within a really short period of time,” he said. “And we’re seeing that same […]
