Soybeans were higher on fund and technical buying. Parts of the Midwest got some rain over the weekend, but the precipitation missed some of the drier growing areas. The USDA says 51% of U.S. soybeans are in good to excellent condition, 3% lower than last week, with 96% of the crop emerged, compared to the five-year average of 89%, and 10% blooming, compared to 9% on average. While there could […]
Another round of mostly hot, dry weather last week had an impact on U.S. corn and soybean condition ratings. Parts of the Midwest and Plains did receive some rainfall this past weekend, but it missed some of the drier growing areas, and while there is some rain in the forecast this week, coverage and totals are uncertain. The USDA says 50% of U.S. corn is good to excellent, a decline […]
At the Chicago Mercantile Exchange, live and feeder cattle were mixed ahead of the week’s direct business. August live cattle closed $.17 lower at $170.50 and October live cattle closed $.47 lower at $174.02. August feeder cattle closed $.27 lower at $233.67 and September feeders closed $.20 lower at $237.50. It was a typically quiet Monday for direct cash cattle business. Showlists this week are lower across all major feeding […]
The Illinois Soybean Association, Specialty Soya Grains Alliance and World Initiative for Soy in Human Health is hosting trade teams from Cambodia and Myanmar this week. Shane Frederick with SSGA tells Brownfield the Fork to Farm event is an opportunity to connect people along the entire specialty soybean supply chain and answer questions from foreign buyers. He says they talked a lot about the growth of their Identity Preserved Assurance […]
A forage specialist says the back-to-back drought years are causing a shortage of hay in South Dakota. The U.S. Drought Monitor says 78% of South Dakota is experiencing dry conditions with 5% of the state in extreme drought. Sara Bauder with South Dakota State University Extension says the first cutting of alfalfa wasn’t bad this year, but the grass isn’t growing back. “There’s just not moisture and it’s been very […]
Jul. corn closed at $6.37 and 1/4, up 6 and 1/2 centsJul. soybeans closed at $15.21, up 26 and 1/2 centsJul. soybean meal closed at $414.60, up $3.90Jul. soybean oil closed at 59.51, up 157 pointsJul. wheat closed at $7.27 and 1/4, down 9 centsAug. live cattle closed at $170.60, down 17 centsAug. feeder cattle closed at $233.67, down 27 centsJul. ...
The USDA has announced $2.7 billion in funding for school meal programs and emergency food networks to purchase American-grown commodities. The Commodity Credit Corporation funds will give states $1.3 billion for school meals, and an additional $1 billion to purchase USDA vendor-supplied commodities for emergency food programs. The Agriculture Marketing Services solicits for vendors on an ongoing basis for over 200 different foods for schools, food banks, and families. Products […]
An Illinois row crop farmer says it’s dry, but he’s still optimistic about getting a good crop of soybeans and corn. Bryan Severs raises soybeans and corn in east central Illinois near Potomac. He tells Brownfield, “Things look surprisingly well for the lack of rainfall that we’ve had this year. Basically, in our area since the beginning of April, we’ve had a little over an inch of rainfall since planting.” […]
Nearly an inch of rain has made all the difference for Michigan Thumb-area farmers. Neil French, ADM edible bean grower relations manager, tells Brownfield he can’t remember a growing season that had more than a month of no rain at the beginning. “We had cool nights, we had no insect pressure, we had no chemical damage,” he shares. “The crop was amazing to everyone that was involved—how good it looked […]
