Soybeans were mostly lower on spread trade and profit taking, still finishing the week with strong gains. Beans couldn’t follow through on early gains despite energy and vegetable oil export delays from the Black Sea caused Russia’s invasion of Ukraine. Ukraine is the world’s biggest producer and exporter of sunflower oil and a major seller of canola oil. Crude oil did end Friday’s session sharply higher, supported by the invasion’s […]
May corn closed at $7.54 and 1/4, up 6 and 1/2 centsMay soybeans closed at $16.60 and 1/2, down 7 and 1/4 centsMay soybean meal closed at $460.40, up $7.00May soybean oil closed at 72.80, down 201 pointsMay wheat closed at $12.09, up 75 centsApr. live cattle closed at $135.77, down $2.57Apr. lean hogs closed at $100.45, down $4.75Mar. Class III milk closed at $22.55, up 12 centsApr. ...
Missouri’s Director of Agriculture says they’ve established a control and surveillance zone in Southeastern Missouri following the confirmation of highly pathogenic avian influenza in a flock of commercial broiler chickens. Chris Chinn tells Brownfield the affected premises are under quarantine and the birds will be depopulated. “There are approximately 240,000 birds,” she says. “There are six barns that sit together where the positive test was, and another six barns close […]
A climatologist says Illinois is the linchpin between drought and excessive moisture in the Midwest as spring approaches. Illinois State Climatologist Trent Ford says the southern part of the state is too wet, a trend that follows through southern Indiana, Ohio and parts of Kentucky. “The Ohio Valley has been very wet, and the outlook has strong confidence of wetter than normal conditions for that area.” As you move north […]
The Fertilizer Institute says it’s unclear what the effects of the Russia/Ukraine conflict will have on global fertilizer supplies. Kathy Mathers, vice president of public affairs, says the market was already tight before the invasion and supplies are likely to get tighter especially for fall application. “Although we get significant amounts of fertilizer from Russia, at this point, much of the spring if not all of the spring fertilizer […]
The University of Nebraska-Lincoln has unveiled plans to develop a state-of-the-art processing plant that will strengthen the meat industry in the region. Clint Krehbiel with UNL’s Animal Science department said the plant will serve as a processing hub for cattle producers and a prototype for small processors. “We think our best way to grow the industry from the capacity standpoint is with our workforce development where we’re providing our expertise […]
Supply chain disruptions are making it difficult for grain elevators to expand and improve their equipment. Scott Dockerty, General Manager of Western Grain Marketing based in Rushville, Illinois tells Brownfield projects are getting pushed back because suppliers do not have building materials. “Anytime we invest capital into a company we are trying to get that in place for the next crop cycle. But right now that is going to be […]
In just over a week, Chicago wheat markets have moved sharply higher following Russia’s invasion of Ukraine and the May contract is locked limit up again today. University of Illinois Ag Economist Scott Irwin tells Brownfield he thinks this will be the biggest supply shock to the global grain market in his lifetime. “This reflects the reality of trying to grasp exactly how big of a hole this war could […]
The Association of Equipment Manufacturers is calling for bipartisan policies that support long-term economic growth in the industry. Kip Eideberg, senior vice president of government and industry relations, says the infrastructure law is a good start. “We are urging our elected officials to invest in our nation’s infrastructure. That means the rapid implementation of the Infrastructure Investment and Jobs Act,” he says. “Rural broadband, large capital investments in our […]
