Brownfield News

Illinois farmer says soybeans planted in late February “look fantastic”

Illinois farmer says soybeans planted in late February “look fantastic”

A central Illinois farmer says soybeans he planted in late February look great. Brad Wade of McLean tells Brownfield 40 acres were planted on the 27th, more on the 29th, and the rest of the crop was in by mid-March. “First trifoliate is coming out, it just couldn’t look better. We’ve been through a couple… ... Continue Reading
CME milk futures, cash dairy markets finish week higher

CME milk futures, cash dairy markets finish week higher

Milk futures and cash dairy prices were higher Friday on the Chicago Mercantile Exchange.  June Class III milk was up $0.31 at $19.21.  July was up $0.21 at $19.26.  August was up $0.10 at $19.29. September was up $0.05 at $19.29.     October through December contracts ranged from four cents higher in October and December to ten cents higher in November.      Dry whey was… ... Continue Reading
Be careful using Commodity Credit Corporation funds for farm bill

Be careful using Commodity Credit Corporation funds for farm bill

The ranking member of the Senate Ag Appropriations Subcommittee says lawmakers should be cautious using the Commodity Credit Corporation to fund part of the new farm bill. John Hoeven told reporters at the National Association of Farm Broadcasting’s Washington Watch “when it comes to our farmers and ranchers and when we’ve had other droughts and… ... Continue Reading
Eminent domain bill passes Missouri House

Eminent domain bill passes Missouri House

The Missouri House has approved a bill to ban companies from using eminent domain to take private property to develop wind and solar farms. Democrat Peter Merideth from eastern Missouri says the bill puts up a fight with wind and solar energy companies. “I don’t feel comfortable singling out wind and solar and treating them… ... Continue Reading
River investments touted as U.S. competitive advantage

River investments touted as U.S. competitive advantage

Expansions to the U.S. Inland Waterway system will continue to provide a competitive advantage for American farmers on the global market.                   Lock and Dam 25 on the Mississippi River, just north of St. Louis, is one of seven U.S. locks slated to expand in the coming years.  Stan Born, Illinois farmer and board member with the… ... Continue Reading
Container ships can move through Port of Baltimore

Container ships can move through Port of Baltimore

The chief ag negotiator in the Office of the U.S. Trade Representative says the first container ship has made it through the Port of Baltimore. A bridge collapse at the end of March has slowed the traffic going in and out of the port and Doug McKalip says “we had an 11-foot channel come online… ... Continue Reading
Rains improve dry soils, more rain needed in growing season

Rains improve dry soils, more rain needed in growing season

The director of USDA’s Midwest Climate Hub says the spring rains have improved soil moisture across the Corn Belt more than he was expecting, but drought isn’t over yet. Dennis Todey says “there are deeper soil profile issues and we also have some groundwater issues that are ongoing.” Todey says the areas that received widespread… ... Continue Reading
Live cattle futures mostly higher, feeders mixed to end the week

Live cattle futures mostly higher, feeders mixed to end the week

At the Chicago Mercantile Exchange, live cattle were mostly higher watching Friday’s direct business take place.  Feeders were mixed, with some pressure from the mostly higher move in corn.  June lives closed $.12 lower at $176.67 and August lives closed $.62 higher at $175.57.  August feeders closed $.47 lower at $254.75 and September feeders closed… ... Continue Reading
Closing Grain and Livestock Futures: May 3, 2024

Closing Grain and Livestock Futures: May 3, 2024

Jul. corn closed at $4.60 and 1/4, up 1/2 centJul. soybeans closed at $12.15, up 16 centsJul. soybean meal closed at $372.20, up $7.30Jul. soybean oil closed at 43.08, down 16 pointsJul. wheat closed at $6.22 and 1/2, up 18 and 1/4 centsJun. live cattle closed at $176.67, down 12 centsAug. feeder cattle closed at… ... Continue Reading
Soybeans, corn up Friday, also higher on week

Soybeans, corn up Friday, also higher on week

Soybeans were higher on fund and technical buying, adding to the week’s gains. Most forecasts have more planting delaying rain in the U.S. and further harvest delays in Argentina and southern Brazil, which are also impacting quality. There is also a chance of flooding in parts of southern Brazil outright destroying what’s left in the… ... Continue Reading

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