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Cash dairy prices were mostly higher except for butter on Friday at the Chicago Mercantile Exchange.      Dry whey was up $0.01 at $0.69.  Three sales were recorded, ranging from $0.69 to $0.6950.  Forty-pound cheese blocks were up $0.0075 at $1.5775.  Fifteen sales were recorded, ranging from $1.5575 to $1.5775.  Cheese barrels remained unchanged at $1.5750.  No sales were recorded.  Butter was down $0.0475 at $1.69, losing ten cents in two days.  Twelve sales were recorded, ranging from $1.69 to $1.7350.  Nonfat dry milk was up $0.0175 at $2.20.  Two sales were recorded at $2.20 and $2.2025.  The post Cash dairy prices mostly higher Friday appeared first on Brownfield Ag News.

An ag engineering professor says he’s watching how Caterpillar potentially integrates technology being acquired from Monarch tractors. Scott Shearer is the Department of Food, Agricultural and Biological Engineering chair at Ohio State University. “I’m really kind of curious as to if they were interested in the IP around the autonomy or whether there was much […] The post Ag engineer watches Caterpillar–Monarch deal for AI innovations appeared first on Brownfield […]

MFA Incorporated, a farmer cooperative in Missouri, has entered into an agreement to acquire four ADM grain elevators in the state: Montgomery City, Center, Novelty and Shelbina. Those country grain elevators represent six million bushels of licensed grain storage capacity, and MFA says it will expand access to delivery points and improve grain handling logistics. […] The post MFA Incorporated acquiring four ADM grain facilities appeared first on Brownfield Ag […]

The CEO of an ethanol plant in southern Minnesota anticipates Congress passing year-round nationwide E15 legislation this year.  Brian Kletscher with Highwater Ethanol in Lamberton says lawmakers are working hard to get E15 across the finish line. “They just need to find the right bill to attach it to and let it move forward.” He […] The post Ethanol industry poised for major growth ahead of E15 approval appeared first […]

Corteva has announced new executive leadership teams for its crop protection and seed units following the planned separation later this year.  The company says the split will create two independent businesses, New Corteva and SpinCo.  Luke Kissam has been named New Corteva’s CEO and will join the company on June 1st. Current Corteva CEO Chuck […] The post Corteva announces executive leadership teams to lead its new crop protection and […]

Tight margins could squeeze some sugarbeet growers out of planting all their acres this year. Kristina McVicker with South Central College in Mankato, Minnesota says she’s hearing of banks leery of financing. “I have heard rumors where banks have looked into are you better off forfeiting over your shares for this year versus actually farming […] The post Financing fears rise as sugarbeet profitability narrows appeared first on Brownfield Ag […]

Iran’s foreign minister announced Friday morning that the Strait of Hormuz has reopened for commercial ships. Fuel market analyst Patrick De Haan with GasBuddy says energy markets had a quick reaction to the news, which showed a positive trend for consumers. “Oil prices were plummeting 10% to 11% at recent check,” De Haan said. “The […] The post Strait of Hormuz reopens, oil prices plunge and markets react appeared first […]

A coalition of ag groups would like to see a focus on strengthening markets as part of a future economic aid package. RJ Kearney, director of public policy with the National Association of State Departments of Agriculture, says the support would help connect farmers with local customers. “Here’s an opportunity for small farmers and ranchers […] The post Farm organizations advocate for market-focused relief amid volatility appeared first on Brownfield […]

An agricultural economist with Advance Trading says ongoing volatility in the commodity markets can bring opportunities. “You can either be afraid of volatility, be scared of it, or embrace it.” Brian Basting tells Brownfield, “I still think there’s a sizable chunk of corn left out there, but I’d encourage your viewers to defend their balance […] The post Markets giving growers the option to embrace volatility appeared first on Brownfield […]