Jul. corn closed at $7.30 and 1/4, down 1 centJul. soybeans closed at $17.29 and 1/4, up 39 centsJul. soybean meal closed at $414.90, up $2.20Jul. soybean oil closed at 81.44, up 333 pointsJul. wheat closed at $10.58 and 1/4, up 17 centsJun. live cattle closed at $133.62, up 82 centsJun. lean hogs closed at $110.05, up 25 centsJun. Class III milk closed at $24.32, down 13 centsJul. ...
Soybeans were sharply higher on commercial and technical buying. Crush margins remain in positive territory, soybean oil was up following palm oil and crude oil, and overall demand continues to be strong. Soybean meal was mostly higher on bull spreading. Soybeans continue to watch U.S. planting and development conditions. Pakistan bought 352,000 tons of U.S. beans, with 55,000 tons for 2021/22 delivery and 297,000 tons for 20222/23. That followed up […]
Across the Corn Belt, cool, dry weather across the upper Midwest favors late-season planting efforts, except in areas of Minnesota and North Dakota where muddy field conditions are not conducive to supporting farm machinery. Thursday’s high temperatures will remain below 70°F in the Red River Valley of the North, limiting evaporation rates. Meanwhile, showers and a few thunderstorms are spreading across the eastern Corn Belt. On the Plains, thunderstorms in […]
Milk futures were mostly higher and cash dairy prices were mixed on the Chicago Mercantile Exchange Thursday. June Class III milk was down $0.13 at $24.32. July closed up $0.03 at $24.73. August closed up $0.04 at $24.49. September was up $0.09 at $24.36. October through May contracts ranged from fourteen cents lower in March to nineteen cents higher in January. Dry whey was up $.0050 at $.5550. One sale […]
The U.S. Grains Council says expanding the ethanol market in Southeast Asia is adding to demand for U.S. biofuels. Stella Qian, manager of global ethanol market development, tells Brownfield South Korea is a strategic partner in the region to “load it into small shipments and supply it to the local market. They were able to supply the neighboring markets including Vietnam, Philippines and Singapore at a significant level and provide […]
A leading CoBank economist says farm supply co-ops can lead the way in building on-farm private broadband networks. Jeff Johnston tells Brownfield farmer co-ops can build their own fixed wireless private networks thanks to a 2018 Federal Communications Commission decision. “They can deploy a wireless network that has the same quality and, for the most part, the same equipment that Verizon’s deploying that we use, that T-Mobile deploys,” he said. […]
May was an exciting month for the Brownfield Ag News family! One fourth of the broadcast team had babies! Ian, Rhiannon and Kimber Grace Kimber Grace Stroud, daughter of Rhiannon (Branch) and Ian Stroud, Farina, Illinois arrived May 12, 1:18 p.m., weighing in at 7lbs 1 oz and 21 inches long. Nicole and Rory Heslip Rory Thomas Heslip, son of Nicole and Kyle Heslip, Allegan, Michigan was born just before […]
Solid demand has pulled domestic ethanol supplies to their lowest level since the first week of this year. The U.S. Energy Information Administration says ethanol stocks are 23.961 million barrels, a drop of 751,000 on the week, but still up 3.73 million on the year due to increased production thanks to that demand and attractive margins for most producers. The Renewable Fuels Association says net inputs for refiners and blenders […]
Michigan legislation supporting homegrown biofuels is expected to come up for possible Senate committee action this month. A spokesman for State Senator Kevin Daley tells Brownfield Senate Bill 814 is not on the June calendar yet but should be soon. SB814 is the bill proposing to boost the production of biofuels, expand Michigan E15 use, and offer qualifying retailers a tax credit for every gallon of biofuel sold. The proposed […]
