Market News
Wheat pushes higher again, soybeans bounce back from early losses
Brownfield Ag News6 minutes ago
Soybeans were mixed. The market continues to monitor ongoing harvest in Brazil and Argentina’s harvest pace, which is expected to be quite large. The U.S. has been able to make more planting progress this week, with an update out on Monday. But rains are starting to develop. This week’s export...
Closing Grain and Livestock Futures: April 25, 2024
Brownfield Ag News6 minutes ago
May corn closed at $4.41, up 3 and 1/4 centsMay soybeans closed at $11.63 and 3/4, down 3 and 1/4 centsMay soybean meal closed at $343.90, down $2.10May soybean oil closed at 44.82, up 16 pointsMay wheat closed at $6.02 and 1/4, up 7 and 3/4 centsJun. live cattle closed...
Nestle Purina to expand Wisconsin pet food plant
Brownfield Ag News7 minutes ago
A Wisconsin pet food manufacturer is expanding. Nestle Purina has announced a 195-million dollar project in Jefferson, Wisconsin, where Purina will increase production of wet pet food brands by nearly 50 percent, including Pro Plan, Fancy Feast, and Beneful IncrediBites, and add 35,000 square feet to the facility. Nestle says...
Ohio soils need warm, dry weather for planting
Brownfield Ag News7 minutes ago
Planting has started in pockets of Ohio based on soil conditions Ohio Department of Agriculture Director Brian Baldrige tells Brownfield drier weather in the southern part of the state has helped farmers. “A lot of guys are kind of putting some crops in,” he says. “Down home this week we...
Cattle futures higher heading into Friday
Brownfield Ag News23 minutes ago
At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, watching direct cash business develop. June lives closed $2.55 higher at $177.80 and August lives closed $2.67 higher at $176.05. May feeders closed $2.15 higher at $246.25 and August feeders closed $2 higher at $258.30. There was...
Central IL farmer satisfied with soft start to spring…so far
Brownfield Ag News39 minutes ago
Central Illinois farmer Jeff Brown is satisfied with his spring so far. He tells Brownfield… “Planting season has been, I would say, great so far.” He says, “We’ve been able to pick and choose and maybe have a soft start. Kind of nice to spread our risk out on the...
Grain Markest Test Technical Resistance
AgWeb46 minutes ago
Southern IL pecan season ahead of schedule
Brownfield Ag News54 minutes ago
A southern Illinois pecan grower says the season is starting off well. Ralph Voss, who grows 200-acres of pecans in Clinton County, tells Brownfield… “We’ve been sweating out freezes!” He says, “So far we’re lucking out. The trees are greening out, probably in 10 days or less we will have...
H2Ohio works to increase nutrient management planning
Brownfield Ag News54 minutes ago
A recent survey of Ohio farmers shows a wide adoption of agricultural best management practices and technology in the Sandusky watershed. Ohio Department of Agriculture Director Brian Baldrige tells Brownfield, “That is the beginning process to making sure our nutrient management plan, our nutrients that we’re putting on our fields...
Growers group confirms vegetable acre, pay cutbacks
Brownfield Ag News54 minutes ago
The President of the Wisconsin Potato and Vegetable Growers Association says many farmers are cutting back on vegetable crop acreage this year because of reduced demand caused by imported canned vegetables. Tamas Houlihan tells Brownfield it’s also affecting farmer income. “We’re seeing anywhere from a ten to a twenty percent...
Dollar Gives Up Early Gains on Stagflation Concerns
Barchart1 hour ago
The dollar index (DXY00 ) Thursday fell to a 1-1/2 week low and finished down by -0.28%. Stagflation concerns weighed on the dollar Thursday after revised US Q1 GDP showed slower-than-expected economic growth, along with persistent price pressures. The dollar initially moved higher Thursday after bond yields jumped when Thursday’s...
MAEAP restructuring still a possibility
Brownfield Ag News1 hour ago
Michigan lawmakers will decide if the state should restructure the Michigan Agriculture Environmental Assurance Program (MAEAP) during its full appropriations process this summer. State Senator John Cherry, Agriculture and Natural Resources Appropriation Subcommittee Chair, says his committee is recommending moving funding for technicians from local conservation districts to Michigan State...
Nat-Gas Prices Fall as EIA Inventories Climb More Than Expected
Barchart1 hour ago
May Nymex natural gas (NGK24 ) on Thursday closed down by -0.015 (-0.91%). May nat gas prices Thursday dropped to a 1-month nearest-futures low and closed moderately lower on a larger than expected build in weekly EIA nat-gas supplies. The EIA reported Thursday that nat-gas inventories for the week ended...
Crude Prices Recover Early Losses as the Dollar Weakens
Barchart1 hour ago
June WTI crude oil (CLM24 ) on Thursday closed up +0.76 (+0.92%), and May RBOB gasoline (RBK24 ) closed up +2.46 (+0.91%). Crude and gasoline prices recovered from early losses on Thursday and closed moderately higher. Short covering emerged in crude on Thursday when the dollar index fell to a...