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Closing Grain and Livestock Futures: June 27, 2023

Jul. corn closed at $6.23, down 14 and 1/4 centsJul. soybeans closed at $14.95, down 26 centsJul. soybean meal closed at $407.30, down $7.30Jul. soybean oil closed at 60.55, up 104 pointsJul. wheat closed at $6.85, down 39 and 1/4 centsAug. live cattle closed at $172.50, up $1.90Aug. feeder cattle closed at $238.50, up $4.82Jul. lean hogs closed at $94.12, up 72 centsJul. ...

todayJune 27, 2023 21

Brownfield

EPA wants feedback on proposed pesticide guidelines

The U.S. Environmental Protection Agency is taking public comment on a pilot project that would update pesticide guidelines to protect endangered species. The initiative is part of the EPA’s Endangered Species Act Working Plan, which is an effort to get the agency back into compliance with the ESA. Pesticide program specialist Andrew Thostenson with North Dakota State University Extension says the proposed updates in the pilot would change farming methods. […]

todayJune 27, 2023 16

Brownfield

Soybeans, corn dive on rain potential

Soybeans were sharply lower on speculative and technical selling. The USDA’s national good to excellent rating declined to 51%, but beans have more time to bounce back than corn, with August the key month for beans. The ongoing El Nino pattern typically, but not always, leads to a wetter weather pattern in some currently very dry U.S. growing areas.  It’s unlikely the USDA will make significant adjustments to yield projections […]

todayJune 27, 2023 18

Brownfield

Organic dairies have Marketing Order concerns

Organic dairy farmers and processors have issues they would like to bring up should the USDA hold hearings on the federal milk marketing orders. Adam Warthesen with Organic Valley says they have worked with seven other dairy processors and organic companies as the Milk Innovation Group to identify six changes needed to help fluid milk and value-added milk. “We are looking at how do we bring innovation and investment to […]

todayJune 27, 2023 20

Brownfield

Tar spot a concern amid 23’ drought

An extension agronomist says tar spot will be a concern this growing season despite the abnormally dry conditions. Meaghan Anderson is with Iowa State University. “We do know that this tar spot doesn’t necessarily need rainfall,” she said. “It just needs free moisture available on those corn leaves.” She tells Brownfield timing up fungicide applications can be tricky. “The unfortunate thing is it could start coming in next week and […]

todayJune 27, 2023 17

Brownfield

Starting a productive, practical dialogue on climate   

The Indiana Climate Summit aims to start a dialogue on climate with the idea of agriculture as the solution. Sarah Beth Aubrey is the CEO and founder of IN-climate, a membership group based of ag and energy professionals. She says the second annual is providing an opportunity for a productive and practical dialogue with these industries that focus around the topic of climate. “Our major hope is that people come […]

todayJune 27, 2023 17

Brownfield

Wisconsin to get 1B in federal broadband funding

Wisconsin will be getting more than a billion dollars in federal funding to expand broadband access to unserved and underserved areas.  White House Senior Advisor Mitchell Landrieu says the formula for dispersing funds will serve rural America focusing first on unserved areas, and then underserved areas. “If you are engaged in agriculture, the ability to engage in precision agriculture with the best and the brightest in the entire world, you […]

todayJune 27, 2023 12

Brownfield

Don’t be intimidated by the options

A grain trading expert is encouraging farmers to use options as a risk management tool. Brian Wilson spent 25 years as a pit trader at the Chicago Board of Trade. He’s now using that experience to help farmers use options. “And have them be knowledgeable on it so that they can then go to their broker and say, look, I now know that the skew has come up,” he says. […]

todayJune 27, 2023 19

Brownfield

Consus speaks on rally, farmer resources

A marketing analyst says the recent weather rally has helped some growers meet their sales goals for the year. Angie Setzer, co-founder of the grain marketing firm Consus, tells Brownfield she did not expect the market to rally like it has. “There are some pretty major production concerns with as dry as we’ve been, but we’ve been taking advantage of the market that’s provided us $1.25 rally in corn at […]

todayJune 27, 2023 54