May corn closed at $7.54 and 1/2, up 24 and 1/2 centsMay soybeans closed at $16.68 and 1/2, up 19 and 1/4 centsMay soybean meal closed at $474.10, down $3.90May soybean oil closed at $75.63, up 108 pointsMay wheat closed at $10.98, up 28 and 3/4 centsApr. live cattle closed at $139.47, up 12 centsApr. lean hogs closed at $100.35, down $2.02Mar. ...
The soybean complex closed mostly higher. May soybeans closed 19 and 1/4 cents higher at $16.68 and 1/4, July beans closed 21 and 1/4 cents higher at $16.47 and 1/4. Soybean meal closed $3.90 lower at $474.10 and soybean oil closed 108 points higher at $74.63. Soybean oil is following the crude oil market which has been moving lower most of the week but is rebounding today watching ongoing Russian […]
Brownfield’s Larry Lee will be in Stevens Point on Friday, March 25, 2022 covering the Wisconsin Farm Bureau IGNITE Conference. ...
A risk management expert says strong milk powder exports have continued to carry dairy markets. Mike North with ever.ag tells Brownfield Class IV milk prices have recently hit all-time highs which have spilled over to support other dairy classes. “Powder is strong, skim milk powder is strong, it’s really good for U.S. dairy,” he says. North says since the beginning of the year, the U.S. has also been a net […]
Crop specialists in the Eastern Corn Belt are advising farmers to wait until conditions are ideal before beginning fieldwork. Laura Lindsey with Ohio State University tells Brownfield the increasing trend to plant soybeans early this year in her state is unlikely and it could take until June to get started. “Ohio’s wet—there are a lot of fields with standing water,” she says. She says research last year found early planting […]
Leaders from the biofuels industry say the dialog between biofuels and refining communities is changing as efforts increase to decarbonize the economy. Growth Energy CEO Emily Skor says the U.S. simply cannot achieve its climate goals without biofuels. “The latest government projection is that 79 percent of new vehicle sales in 2050 will be using liquid fuels, so we have got to decarbonize our liquid fuel—that happens with biofuels,” she […]
Milk futures on the Chicago Mercantile Exchange flipped higher Thursday as traders took back oversold positions and cash markets were mostly positive. March Class III milk was up a penny at $22.39. April 35 cents higher at $23.23. May up 42 cents at $23.75. June 25 cents higher at $23.95. July through September 24 to 31 cents higher. Dry whey unchanged at $0.76. Blocks up $0.0275 at $2.0775. Six sales […]
Pork export sales were the star of the latest Weekly Export Sales report from the USDA. Sales were up 51% from the previous week and up 36% from the prior 4-week average. Sales of wheat and soybeans were down sharply from the previous week. Corn sales were down 14% from the previous week, but up 64% from the prior 4-week averages. Beef sales were down 28% on the week and […]
A Canadian fertilizer producer says it’s adding 15 million tons of potash production to the global market amid supply uncertainty. Nutrien’s interim President and CEO Ken Seitz says expanding production will provide farmers with the crop inputs they need, while monitoring future market conditions. The company says the increase is one million tons over previous expectations because of supply issues from Eastern Europe. Nutrien says the impacts from Russia’s invasion […]
