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Brownfield

Ag economist concerned anhydrous ammonia prices could eclipse $2k per ton next year

An ag economist worries anhydrous ammonia prices could eclipse $2,000 per ton next year. Gary Schnitkey with the University of Illinois says several factors point to further upward price pressure including the war in Ukraine, anticipated reductions in nitrogen fertilizer produced in the European Union, and countries outside the EU reducing nitrogen fertilizer production to provide Western Europe with natural gas. “All of those things lead to more nitrogen fertilizer […]

todayApril 29, 2022 77

Brownfield

NCGA President: “Planting is slow going, but we will get it done.”

The President of the National Corn Growers Association says it’s been a slow start to corn planting across most of the US. Chris Edgington tells Brownfield on his farm in northern Iowa, “We have not turned a wheel. We haven’t put any corn in the ground, we haven’t put any beans in the ground. It has been cold and damp.” But, he says North Dakota corn farmers could be facing […]

todayApril 29, 2022 65

Brownfield

Judge strikes down Missouri anti-CAFO ordinance

A county circuit judge has ruled in favor of farmers and landowners over Cooper County’s regulation VI impacting Concentrated Animal Feeding Operations. Cooper County Judge Robert Koffman struck down Cooper County health board’s regulation VI for being prohibited by state law because it would add more stringent local ordinances on CAFOs. The health board is arguing Missouri Senate Bill 391 and Missouri House Bill 271 are unconstitutional for limiting local […]

todayApril 29, 2022 79

Brownfield

CME dairy markets end the week mixed

Milk futures and cash dairy prices were mixed to close the week on the Chicago Mercantile Exchange Friday. April Class III milk was unchanged at $24.39.  May closed down $.13 at $24.47.  June closed down $.13 at $24.49.  July was up $.08 at $24.49.  August through February contracts ranged from eighteen cents lower in February to eight cents higher in October. Dry whey was up $.03 at $0.6050.  One sale […]

todayApril 29, 2022 94

Brownfield

Closing Grain and Livestock Futures: April 29, 2022

May corn closed at $8.18 and 1/4, up 2 and 1/4 centsMay soybeans closed at $17.08 and 1/4, up 1 and 3/4 centsMay soybean meal closed at $440.50, up 30 centsMay soybean oil closed at 89.17, down 143 pointsMay wheat closed at $10.43 and 3/4, down 30 and 1/4 centsJun. live cattle closed at $132.65, down $1.25June lean hogs closed at $106.37, down $4.60May Class III milk closed at $24.47, […]

todayApril 29, 2022 52

Brownfield

Wheat falls as corn, soybeans close mixed

Soybeans were mixed, ending the week mostly lower. Domestic crush demand is strong but beans drifted as bean meal fell from the highs and bean oil was modestly lower relative to the recent gains. Those losses in bean oil were a combination of profit taking and the speculation that Indonesia’s ban on palm oil exports will end in May. Past that – the trade continues to monitor global vegetable oil […]

todayApril 29, 2022 58

Brownfield

Weather throws wrench in crop rotation plans

A Red River Valley farmer’s crop rotation is in flux. Vance Johnson grows corn, soybeans, wheat and sugarbeets near Breckenridge, Minnesota and says planting plans might be changing after a late April snow. “The fact that wheat was actually at a decent price this year, I debated putting maybe more wheat in just to help spread the workload out. I tend to stay pretty consistent with what I have, but […]

todayApril 29, 2022 60

Brownfield

EPA approves E15 waiver, economists expect little ag impact

The EPA has issued an emergency waiver allowing sales of E15 this summer, fulfilling an announcement made by President Biden in mid-April. EPA administrator Michael Regan said the waiver aims to counteract a shrinking global fuel supply triggered by Russia’s invasion of Ukraine, noting it also increases domestic energy independence while supporting U.S. agriculture. But, University of Missouri ag economist Ben Brown doesn’t expect the approval to be too impactful […]

todayApril 29, 2022 82