A commodities broker encourages farmers to be patient with the corn market. Shane Holtorf with Logic Ag Marketing says prices are suffering from significant planting progress in the U.S. and points to crop insurance as a marketing guide. “When I look at where our spring guarantees were, it doesn’t get me very excited about marketing…… Continue Reading
Closing Grain and Livestock Futures: May 8, 2025
Jul. corn closed at $4.47 and 1/2, down 1 and 3/4 centsJul. soybeans closed at $10.45, up 5 and 3/4 centsJul. soybean meal closed at $294.70, down 30 centsJul. soybean oil closed at 48.45, up 112 pointsJul. wheat closed at $5.29 and 1/4, down 5 centsJun. live cattle closed at $214.25, up $1.72Aug. feeder cattle…… Continue Reading
Opportunities to advance biofuels production in Indiana
The director of state governmental affairs for Clean Fuels Alliance America says there is opportunity to grow Indiana’s biofuels industry. Jeff Earl says existing infrastructure and rising demand puts the state in a prime position for expansion. “We’re seeing it all over the country where states are wanting to prioritize renewable fuels,” he says. “We…… Continue Reading
RFA says UK trade agreement expands market access
The Renewable Fuels Association says a trade agreement in principle with the UK could provide a major boost to the industry. CEO Geoff Cooper tells Brownfield specific details haven’t been released, but it has the potential to double US ethanol exports. “That’s a huge deal for the industry. That’s a significant bump in demand not just…… Continue Reading
Illinois grain storage levels elevated
The director of the Illinois Department of Agriculture says there’s more grain in storage in the state than usual. Jerry Costello tells Brownfield, “We’re exceedingly high compared to what our norms are.” He says, “We had the highest amount of stored grain of any state in the United States. Normally we’re a little over 15%.…… Continue Reading
Soybeans up ahead of tariff talks with China
Soybeans were higher on short covering and technical buying. Pakistan bought 225,000 tons of new crop U.S. soybeans ahead of the open and there was spillover support from higher moves in soybean and crude oils. The trade’s waiting for this weekend’s tariff talks between the U.S. and China. Still, it is uncertain just how much…… Continue Reading
States picking up cultured-protein labeling legislation
The National Ag Law Center says legislation to regulate cell-cultured proteins has been on the rise at the state level. Elizabeth Rumley tells Brownfield, “I think that we will just continue to see what states decide to do in their individual state, whether we come up with this cohesive framework that’s moved to the federal…… Continue Reading
Market advisor says most farmers wisely sold during winter rally
A broker and marketing advisor says most farmers wisely sold some old-crop corn and soybeans during the brief winter market rally. Mike North with Ever.ag tells Brownfield the January to February rally attracted a lot of old crop sales. “That was a real problem before the rally really caught its second wind if you will,…… Continue Reading
NCGA pushing for corn & ethanol’s inclusion in India trade deal
The president of the National Corn Growers Association says the organization is pushing the Trump administration to ensure corn is included in any new trade deal with India. Kenneth Hartman, Jr. tells Brownfield India’s 1.4 billion people are an attractive market. “We’re very happy that he’s working on emerging markets and India is one of…… Continue Reading
Report shows Nebraska net farm income to double
A new report from the University of Nebraska–Lincoln projects that net farm income in the state will double to a record of nearly $10 billion in 2025. But, UNL extension policy specialist Brad Lubben says, the numbers don’t tell the full story. “It doesn’t seem to mesh with the sentiment, comments or public perception of…… Continue Reading
