Month: November 2021
Winfield United wants to warrantee your crop
Jason Nelson, field services sales manager at Winfield United discusses 2022 offerings for growers with Brownfield’s Nicole Heslip. …
Corn, soybeans, wheat mixed Friday
Soybeans were mixed, adjusting spreads. Contracts consolidated ahead of the holiday shortened week, expecting much lighter business. Thanksgiving will push back the USDA’s weekly export sales numbers to Friday morning. The trade continues to watch [Read More…]
Cattle futures mixed prior to on feed numbers
Chicago Mercantile Exchange live and feeder cattle futures were mixed ahead of the USDA’s on feed report, which was out after the close. December live was up $.37 at $133.52 and February was $.45 higher [Read More…]
October cattle placements up 2%
The USDA’s cattle on feed numbers were close to pre-report expectations. October placements were up 2% on the year at 2.245 million head, most of that cattle weighing less than 800 pounds, with feed prices [Read More…]
Closing Grain and Livestock Futures: November 19, 2021
Dec. corn closed at $5.70 and 3/4, down 2 and 1/4 centsJan. soybeans closed at $12.63 and 1/4, down 2 centsDec. soybean meal closed at $371.80, up $1.40Dec. soybean oil closed at 58.16, down 101 [Read More…]
Milk futures, cash dairy trade higher
Milk futures on the Chicago Mercantile Exchange end the week with strong gains supported by strong cheese markets and positive reaction to a bullish milk production report. November Class III milk six cents higher at [Read More…]
Cattle groups support Tester bill to halt Brazilian beef imports
All three major cattle groups are supporting legislation to suspend Brazilian beef imports into the US. The bill, introduced by U.S. Senator Jon Tester of Montana, comes after repeated issues with Brazil’s delayed reporting of [Read More…]
Cattle futures higher ahead of On Feed numbers
At the CME, live cattle closed higher and feeders were mostly higher supported by strong cash trade ahead of Friday’s on feed numbers. December live cattle closed $.92 higher at $133.15 and February live cattle [Read More…]
EPA takes step toward a new WOTUS
The EPA & Army Corps of Engineers have released a proposed interim rule to replace the Waters of the U.S. Rule. Curtis Carey, public affairs director of EPA Region Seven tells Brownfield it’s the first [Read More…]
Closing Grain and Livestock Futures: November 18, 2021
Dec. corn closed at $5.73, down 2 and 1/4 centsJan. soybeans closed at $12.65 and 1/4, down 11 and 3/4 centsDec. soybean meal closed at $370.40, down $4.30Dec. soybean oil closed at 59.17, down 6 [Read More…]
Soybeans finish lower, corn, wheat mixed
Soybeans closed lower on profit taking and technical selling, following the lower moves in soybean products. Export sales were up on the week, mostly to China, but sales did fall below the four-week average. While [Read More…]
Farmer interest in carbon markets continues, participation varies
Interest in carbon markets continues to grow but farmer participation varies. Jason Weller, the president of Truterra, the sustainability business of Land O’Lakes, says farmers want questions answered before they dive into carbon markets. “They’re [Read More…]
Rising fertilizer prices likely to continue through spring
An executive for an ag financial advisor says fertilizer costs will likely continue rising before leveling off. StoneX Director of Fertilizer Josh Linville tells Brownfield he’s seeing nitrogen prices that are topping $1,300 and the [Read More…]
Former USDA trade leader comments on EU, China now
Photo: Moderator Spencer Chase with former trade negotiator Sharon Bomer Lauritsen (center and former USDA Undersecretary Ted McKinney (virtually) at the 2021 National Association of Farm Broadcasting convention in Kansas City The former USDA Undersecretary [Read More…]
Live cattle futures higher at midweek
At the CME, live cattle closed higher and feeders were mostly higher ahead of the week’s direct cash business and Friday’s On Feed numbers. December live cattle closed $.50 higher at $132.22 and February live [Read More…]
Closing Grain and Livestock Futures: November 17, 2021
Dec. corn closed at $5.75 and 1/4, up 4 and 1/4 centsJan. soybeans closed at $12.77, up 25 and 3/4 centsDec. soybean meal closed at $374.70, up $7.20Dec. soybean oil closed at 59.23, up 6 [Read More…]
Sustainability Drives Exports
In this Illinois Corn Connection Mark Wilson, an Illinois farmer on the US Grains Council Board of Directors highlights the importance of “sustainability” to other countries. He gives examples of how farming practices revolving around [Read More…]
Phytophthora resistance found in Michigan
It’s been 20 years since soybean varieties have been surveyed for their phytophthora resistance and researchers are finding today some are no longer effective. Marty Chilvers with Michigan State University explains what the latest findings [Read More…]
Introducing students to ag science
GrowNextGen brings ag science to the classroom by providing real-world educational tools to engage the next generation workforce. In this Voice of Soy, Ohio Soybean Council member and farmer Nathan Eckel shares how GrowNextGen helps [Read More…]
Developing overseas markets
U.S. Grains Council vice president Kim Atkins says the mission of the council is to develop markets, enable trade, and improve lives. She tells Brownfield USGC helps create value for Iowa corn growers by using [Read More…]