Closing Grain and Livestock Futures: July 16, 2024

Sep. corn closed at $3.95 and 3/4, up 5 and 1/4 centsAug. soybeans closed at $10.90 and 1/2, up 12 and 1/2 centsAug. soybean meal closed at $335.40, up $1.60Aug. soybean oil closed at 46.70, up 28 pointsSep. wheat closed at $5.30 and 3/4, down 1 and 3/4 centsAug. live cattle closed at $182.67, up…Continue Reading

Soybeans, corn up on oversold signals, storm damage concerns

Soybeans were higher on speculative and technical buying. June’s NOPA member crush was record large for the month, reflecting the solid margins, and storm damage is probable in parts of the Midwest following a derecho. That storm damage is expected to show up, at least partially, in next week’s USDA weekly crop progress and condition…Continue Reading

Lake Erie farmer watershed group offers peer-to-peer support

A farmer in the Western Lake Erie Basin says a local peer group is allowing farmers to learn water quality best management practices together. Lenawee County’s Jim Isley tells Brownfield he joined the River Rasin Watershed Council’s farmer-led working group following the Toledo water crisis. “And since then we’ve had a lot of opportunities to…Continue Reading

Cattle industry continues to look for signs of herd expansion

The market news manager for the Missouri Department of Agriculture says he’s not seeing any major signs of herd expansion to the cattle herd. Tony Hancock says high cattle prices are good for the cattle industry, but a challenge at the same time.  “It’s really hard for them to hold on to any heifers when…Continue Reading

Flooding forces evacuations in southern IL

Some residents of the southern Illinois town of Nashville had to be rescued from their homes Tuesday due to extreme flooding. The Washington County Emergency Management Agency said in a release over six inches of rain Monday and Tuesday led to the overtopping of the Nashville Reservoir dam.  A secondary dam failed Tuesday morning.  The…Continue Reading

Checkoff Importance

Soybean checkoff funds activities that strengthen soybean demand. In this Spotlight on Soybeans, Missouri Soybeans Executive Director and CEO Gary Wheeler says checkoff effectiveness starts with the logo. He says it reflects the commitment to advancing the soybean industry through checkoff investments. Learn more at mosoy.org and on the new Spotlight podcast for Missouri soybean farmers and their checkoff.…Continue Reading

A soybean agronomy lead encourages growers to look ahead to 2025

The BASF U.S. soybean agronomy lead says it’s never too early to start making plans for the 2025 growing season. Marc Hoobler says each year is different. “It’s been very consistent though I think you know year on year has been soybean cyst nematode,” he says. “I think that is the number one production issue…Continue Reading

Agronomist looking to expand drone application technology

A Purdue University agronomist is working on advancing aerial drone spraying technology on corn and soybeans. Darcy Telenko says this is the second year of trials. “What we’ve been trying to do is just answer a couple of questions on how aerial drone technology compares to our ground equipment,” she says. “Initially, we had two…Continue Reading

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