Closing Grain and Livestock Futures: November 5, 2024

Dec. corn closed at $4.18 and 1/2, up 2 centsJan. soybeans closed at $10.01 and 3/4, up 4 and 1/2 centsDec. soybean meal closed at $299.50, down 10 centsDec. soybean oil closed at 44.99, down 57 pointsDec. wheat closed at $5.72 and 1/2, up 3 and 3/4 centsDec. live cattle closed at $184.77, down 30…Continue Reading

Modest gains for soybeans, corn, wheat

Soybeans ended a mostly mixed session modestly higher on commercial and technical buying. Soybeans are monitoring the late U.S. harvest, expecting delays in parts of the Midwest and Plains. Still, the soil moisture recharge is generally welcome after a very long dry stretch for much of the region. The trade’s also watching planting and development…Continue Reading

High-quality wine grapes expected from Michigan vineyards

Michigan State University Extension’s viticulturist says dry conditions this season should make for high-quality wines. Esmaeil Nasrollahiazar tells Brownfield, “In August, September, and October, it was super dry.” “In two months, the volume of the rain was less than half an inch, so it was a very unusual year,” he says. The moisture stress he says…Continue Reading

RaboResearch breaks down ag sector influencers

The head of RaboResearch Food and Agribusiness in North America says the animal agriculture sector has been the bright spot for the ag economy this year. Roland Fumasi tells Brownfield, “You’ve got strong cattle prices, strong broiler prices, high egg prices.” “We’ve seen a significant rebound in milk prices—all that coupled with lower feed cost,…Continue Reading

Farmers for Soil Health enrollment open

The executive director of Farmers for Soil Health says the program is helping farmers make a meaningful environmental impact through cover crops. Ben West says the group offers cost-share and technical assistance opportunities in twenty states. “And really, the program is open to two kinds of farmers.”  He says, “Those who have not used cover…Continue Reading

Study finds potential solution for timelier commodity program payments

An ag economist says a multiyear risk program (MYR) could offer farmers a timelier method for delivery of commodity program payments than the current ARC/PLC programs. Carl Zulauf, a professor emeritus at Ohio State University, co-authored a study that suggests shifting payments to the beginning of the year. “It really does help to have the…Continue Reading

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