Jul. corn closed at $7.42 and 1/2, up 15 and 1/2 centsJul. soybeans closed at $16.99 and 1/4, up 1 and 1/2 centsJul. soybean meal closed at $407.10, down 80 centsJul. soybean oil closed at 81.19, down 66 pointsJul. wheat closed at $10.93, up 53 centsJun. live cattle closed at $132.82, down 77 centsJun. lean hogs closed at $109.22, down 97 centsJun. ...
The USDA says this year’s corn crop is nearly fully planted. How many acres that actually represents is questionable with widespread planting delays in some key growing areas, along with flooding in parts of the region potentially impacted planted area. As of Sunday, 94% of U.S. corn is planted, compared to the five-year average of 92%, with 78% emerged, compared to 81% on average, and 73% of the crop in […]
Soybeans were modestly higher on short covering and technical buying, ending a two-sided session in positive territory. China has reportedly eased COVID lockdowns in some major cities, which should help demand for soybeans and products. Domestic crush margins continue to be solid and near-term supplies remain tight. Export inspections were down on the week, but up on the year, primarily to China and Mexico. The USDA says 78% of U.S. […]
The USDA says corn and soybean plantings in Indiana moved closer to completion last week as farmers took advantage of dry weather. Ninety-two percent of the state’s corn crop is planted, compared to 97 percent last year. Seventy-six percent of the crop has emerged. Eighty-four percent of soybeans are planted, compared to the five-year average of 75 percent. Sixty-three percent of the crop has emerged. Eighty-six percent of the winter […]
The USDA says Ohio farmers rushed to plant during last week’s warm and sunny conditions. Eighty-five percent of the state’s corn crop is planted, and 65 percent has emerged. Seventy-one percent of soybeans are planted. Forty-seven percent of the crop has emerged. Ninety-nine percent of the winter wheat crop is jointing, and 86 percent is headed. Sixty-one percent of the crop is rated good to excellent. Ninety-nine percent of oats […]
Record high diesel prices are having rippling effects throughout the ag industry. “We are back to setting new records for the price of diesel on a near daily basis,” said GasBuddy’s Patrick De Haan. De Haan tells Brownfield the national average hit $5.63 per gallon on Monday, and that a diesel shortage could be looming. “A refinery kink or a hurricane could disrupt that very much last-minute delivery of things […]
A Midwestern farmer is fine-tuning his soybean growing strategy. Western Missouri’s Cody Brock said he keeps targeting earlier soybean planting dates because of its hardiness in cool, wet soils. Brock said he started planting soybeans in April, a week ahead of corn which is unusual for his area. But he tells Brownfield some loss from early planting could actually mean better production. “They’ll compensate if you do end up with […]
Milk futures were up sharply and cash dairy prices were mostly up on the Chicago Mercantile Exchange Monday. June Class III milk was up $0.13 at $24.46. July closed down $0.47 at $25.07. August closed up $0.56 at $24.98. September was up $0.36 at $24.74. October through May contracts ranged from eight cents higher in April to thirty-five cents higher in October and November. Dry whey was unchanged at $.5575. […]
Wisconsin has lifted some restrictions on moving poultry that were in place to prevent spreading avian influenza. Department of Agriculture, Trade, and Consumer Protection spokesman Kevin Hoffman says the last three zones for restricted movement in Barron County have been released as of Monday. The state still has a special order in place prohibiting poultry exhibitions and other movements where birds can comingle Flocks in 14 counties have tested positive […]
