The Missouri Corn Growers Association says it is pleased to see the Environmental Protection Agency allow E15 use this summer. In a statement, MCGA President Clint Stephens says keeping E15 at the pump will help relieve ongoing fuel supply pressures. But Stephens says the answer to U.S. energy security goes beyond the emergency waiver. He says it should include a longer-term solution for higher blends of ethanol. ...
National Farmers Union President Rob Larew says the waiver allowing summer sales of E-15 is great news for farmers, “because of all the benefits that using more biofuels has for farmers. It creates better prices with the markets and so forth.” He tells Brownfield it also benefits consumers. “As we get into the driving season with summer, consumers are going to benefit from reduced emissions and lower-cost emissions,” he says. […]
An ag meteorologist says May will start out cool and wet for much of the Corn Belt. Greg Soulje tells Brownfield the Eastern Corn Belt will continue to feel like early spring, which isn’t great for planting progress. “The daytime readings will be in the 40s, 50s and 60s in the Mississippi Valley and some showers or snow in the northern end of the Corn Belt. There’s not much opportunity […]
Dry conditions from southwest to northeastern Missouri are challenging some farmers as they try to finish spring planting. In northeastern Missouri, farmer Brian Munzlinger tells Brownfield he’s having to re-evaluate planting depth for soybeans. “I tried to get the screwdriver in the ground far enough to get moisture. That’s I gauge how deep to plant a crop. We’re just laying soybeans in about one inch and hoping there will be […]
At the Chicago Mercantile Exchange, live and feeder cattle ended the day mostly lower, watching the last of the week’s direct business. June lives closed $.27 higher at $165.47 and August lives closed $.07 lower at $163.77. May feeder cattle closed $.55 lower at $210.97 and August feeders closed $.85 lower at $230.72. It was a moderately active Friday for direct cash cattle business. Live deals in the South were […]
Iowa’s congressional delegation backed the debt ceiling bill in the House Wednesday, but only after some changes to the legislation that supported the biofuels industry. Republican Congresswoman Ashley Hinson says the Limit, Save, Grow Act of 2023 keeps some key biofuels tax credits in place. “When the legislation came out last week and I saw there were five key biofuels tax credits set to be rolled back, we sprung into […]
May corn closed at $6.36, up 9 centsMay soybeans closed at $14.44 and 1/4, up 17 and 1/2 centsMay soybean meal closed at $435.30, up $7.40May soybean oil closed at 51.61, up 83 pointsMay wheat closed at $6.19 and 3/4, up 5 centsJun. live cattle closed at $165.47, up 27 centsMay feeder cattle closed at $210.97, down 55 centsMay lean hogs closed at $79.65, up $1.52May Class III milk closed at […]
As planting gets underway, some farmers in southwest Ohio are experiencing phosphate fertilizer shortages. Tadd Nicholson is the executive director of the Ohio Corn and Wheat Growers Association. “We started to receive some notices from growers in that area about outages of phosphate fertilizer just at the time when they were ready to go and had phosphate loads booked. They were not prepaid, but booked so they had expectations of […]
Soybeans were higher on commercial and technical buying but ended the week with significant losses. Contracts were oversold and due for a bounce, with some help from rallies in soybean meal and oil. First notice day deliveries were reported for May bean oil, but there were no deliveries on May beans or meal. The near-term supply is tight and domestic demand is solid, even if crush margins have narrowed. It’s […]
