Jul. corn closed at $5.92 and 1/2, down 1 and 1/2 centsJul. soybeans closed at $13.29 and 1/2, up 29 and 3/4 centsJul. soybean meal closed at $401.40, up $8.00Jul. soybean oil closed at 47.86, up 166 pointsJul. wheat closed at $6.10 and 3/4, up 16 and 1/2 centsJun. live cattle closed at $174.90, up $5.77Aug. feeder cattle closed at $241.65, up $2.47Jun. ...
An Illinois-based agronomist says she’s seeing several different colors while scouting corn fields this spring. Stephanie Porter tells Brownfield low humidity and cooler nighttime temperatures have caused some plants to look silver. “We’re kind of getting this release of heat off of the ground and basically it does a type of burn on the leaf in some areas and makes it look silver, it almost looks like a cold injury.” […]
A bipartisan group of US Representatives is asking the Biden administration to address Brazil’s unfair trading policies impacting American ethanol. Ed Hubbard, general counsel and vice president for government affairs with the Renewable Fuels Association, says Brazil imposed tariffs in February and that’s reduced demand. “We’ve still been able to get some volume in there, albeit a lot less than we normally would have, but most of that has […]
A seed advisor with Beck’s Hybrids says many crop farmers in central Missouri are turning to pivot irrigation earlier than usual due to the drought conditions. Clarissa Cauthorn tells Brownfield it’s more common to plant corn at the beginning of June than irrigate and the rainfall has been spotty. “For many of us that means we’re getting an inch of rain here and two-tenths of an inch a mile down […]
Soybeans were sharply higher on fund and technical buying, along with gains in crude oil. Contracts bounced off the recent lows, while watching U.S. crop weather. Near-term forecasts for most of the Midwest are generally dry, with scattered rain and warm temperatures. It’s early, but that could still cause some early development issues. Soybean meal and oil were supported by concerns about crop damage, following the lead of beans. Reports […]
Legislation introduced Wednesday would put a moratorium on new signups for the Conservation Reserve Program. Tom Tiffany Congressman Tom Tiffany’s GRAIN For America Act would place a 1-year moratorium on the enrollment of farmland in the Conservation Reserve Program (CRP), which pays farmers to leave land uncultivated. After the 1-year moratorium, the same legislation would prevent prime farmland from being enrolled in the CRP. Tiffany is critical of the Biden […]
Wisconsin Farm Bureau has named Bob Nash as this year’s Heroes of Hope honoree. Nash recently completed his term as the District 1 Young Farmer and Agriculturist Representative on the Young Farmers and Agriculturalists Committee and works nights and weekends at Golden E Dairy Farm in West Bend while operating heavy equipment during the day for Ozaukee County. Nash was recognized for his efforts after a fire destroyed a barn, […]
Corn for ethanol use dipped in April. The USDA says 415.738 million bushels of corn were ground for fuel alcohol, 5% less than in March due to seasonal maintenance and 1% lower than April 2022 because of some industry uncertainties about demand. 1,619,677 tons of distillers dried grains with solubles were produced, a decline of 5% on both the month and the year. Soybean crush numbers were mixed. 187 million […]
Milk futures and cash dairy prices were higher except for dry whey Thursday on the Chicago Mercantile Exchange. June Class III milk was up $0.22 at $15.63. July was up $0.41 at $16.56. August was up $0.37 at $17.37. September was up $0.17 at $18.12. October through April contracts ranged from unchanged from October through February to three cents lower in March. Dry whey was down $0.0125 at $0.2575. Nine […]
