A bill meant to streamline river flooding prevention and repair measures in Missouri was introduced to a state Senate committee Monday. The bill’s sponsor, Missouri Senator Dan Hegeman, testified on behalf of his flood resiliency bill before the Agriculture, Food Production and Outdoor Resources committee saying it would protect Missourians from a repeat of the $20 billion of damage caused by the 2019 flood. “It’s my hope that using this […]
A dairy robot manufacturer is discontinuing new product sales in Russia and Belarus. Lely issued a statement saying they are concerned about the population’s food supply and the welfare of the cows, but they condemn all forms of violence used by Russia against the people of Ukraine. Lely says they will only supply spare parts and consumables to existing Lely customers within the parameters of worldwide sanctions. Lely has also […]
Chicago Mercantile Exchange live cattle futures were up and feeders were mostly higher, watching corn and the early stages of this week’s direct cash cattle business. April live was up $1.15 at $139.05 and June was $1.52 higher at $135.45. March feeders, the exception, were down $.57 at $154.02 and April was up $.65 at $160.32. Direct cash cattle business was underway by Tuesday afternoon. Light trade was reported at […]
Increasing fuel prices are a big concern for farmers heading into spring planting season. John Yeley, who farms corn and soybeans near Marshall in east central Illinois, tells Brownfield sudden price volatility stemming from Russia’s invasion of Ukraine is making it difficult to decide when and if he should lock in fuel supplies. “I priced a semi load of off-highway diesel about 10 days ago. It was $3.40 a gallon […]
Some grain merchandisers are going to extreme measures to offset wild market swings. Iowa State University Extension economist Chad Hart says some cooperatives have suspended cash bids, while others have moved to deferred contracts. “Incredibly volatile situation in the marketplace (and) we’ve seen prices move dramatically in both directions, (so) the coops and elevators are sort of caught in between. They’re both buying and selling the grain at the same […]
May corn closed at $7.53, up 2 and 1/4 centsMay soybeans closed at $16.89 and 3/4, up 30 and 1/4 centsMay soybean meal closed at $473.30, up $14.60May soybean oil closed at 75.75, up 153 pointsMay wheat closed at $12.86 and 1/2, down 7 and 1/2 centsApr. live cattle closed at $139.05, up $1.15Apr. lean hogs closed at $102.92, up $2.65Mar. ...
A representative with BASF encourages corn growers not to overcomplicate tar spot management. Vince Davis, who covers Wisconsin and northern Illinois, tells Brownfield it can be managed similarly to most foliar diseases. “With a good application timing between that tassel or early fill to about that R3 stage so we can reduce the stress on the crop.” He says one aspect unique to tar spot is how early it can […]
Soybeans were supported by commercial and technical buying. Beans were watching soybean products and energies, while getting ready for Wednesday’s supply and demand numbers. The big numbers for beans will be South American production estimates and U.S. ending stocks. CONAB’s updated outlook for Brazil is scheduled for Thursday the 10th. Unknown destinations picked up 126,000 tons of 2021/22 U.S. beans and China bought 132,000 tons, the eighth business day in […]
U.S. Senator Chuck Grassley is leery of oil giant Chevron buying Renewable Energy Group, the largest producer of biodiesel in the U.S. On a call with reporters Tuesday, the Iowa Republican says he’s had bad experiences with oil companies combining with biofuels. “During the Trump administration we often went to the White House to argue what EPA might be doing to harm ethanol. One time Valero was at the meeting […]
