A market analyst points to historical highs as farmers ponder the upside potential of soybeans. Kent Beadle with CHS Hedging says there was a peak of $16.63 in 2008 and five years later prices reached $16.30. “So two of the major years we peaked out at somewhat close to where our highs were last week, from which we reversed lower. And I think there’s some technical reasons for that.” Soybean […]
A leading state farm group says USDA’s $1 billion climate-smart program announced earlier this month could be positive for rural revitalization. Missouri Farm Bureau President Garrett Hawkins tells Brownfield the program will boost to the ag economy if it creates more value-added opportunities in the heartland – like new grain and meat processing facilities. “A lot of what the Secretary is talking about does align with, in many respects, what […]
Protecting risk management tools in the next farm bill is a priority for a member of the House Agriculture Committee. Minnesota Democrat Angie Craig tells Brownfield conversations with stakeholders are ongoing. “What I’m hearing from my farmers and from my farm advisory council is first and foremost we’ve got to make sure that our risk management strategies like crop insurance get full support in the next farm bill.” She’s also […]
Soybeans were higher on commercial and technical buying, closing out a higher week with nearby contracts back above $16. Rain was in the forecast for Argentina and southern Brazil in the coming week, but coverage was uncertain. Production in Paraguay is expected to be well below year ago levels. The USDA’s next look at supply and demand numbers is in the upcoming Ag Outlook Forum, while CONAB’s updated outlook for […]
Mar. corn closed at $6.54 and 1/4, up 4 and 1/4 centsMar. soybeans closed at $16.01 and 1/2, up 9 and 1/2 centsMar. soybean meal closed at $447.90, down $1.30Mar. soybean oil closed at 67.57, up 76 pointsMar. wheat closed at $7.97, down 1 centApr. live cattle closed at $145.87, down 90 centsApr. lean hogs closed at $109.40, up $1.82Mar. Class III milk closed at $22.40, up 5 centsMar. ...
A Western Cron Belt farmer says the U.S.’s renewable fuels policy isn’t the solution to increase ethanol demand. Central Nebraska Farmer Clay Govier says the expanding the ethanol market should be a priority, but it shouldn’t come from the Renewable Fuels Standard. “With crude prices as high as they are, I think ethanol is pretty profitable right now, so I don’t know if a mandate is 100 percent necessary.” And, […]
The crop insurance director of the Farmers Business Network says a new crop insurance tool for split-applied nitrogen on corn is worth looking into if it’s offered in a grower’s county. Eric Sorensen says Post Applied Coverage Endorsement, known as PACE, is for farmers who have non-irrigated corn and who split-apply nitrogen. He says it provides a little extra coverage when it’s too wet to apply N after planting. ...
Deere & Company says its revenue increased 5 percent in the first quarter despite supply chain issues and November’s union strike. Chairman and CEO John May says the company’s growth is impressive despite challenges created by the coronavirus pandemic and the ratification of the UAW contract. He said those factors have led to higher production costs in the quarter and the company continues to work with its suppliers to meet […]
The USDA has lifted its export ban on Mexican avocados put in place last Saturday. The Animal and Plant Health Inspection Service says extra measures have been put in place to protect inspectors after a death threat was made last week. More than 80 percent of avocados in the U.S. come from Michoacá, which were valued at nearly $3 billion last year. It’s the only state in Mexico currently approved […]
