Closing Grain and Livestock Futures: Ocotber 17, 2024

Dec. corn closed at $4.06 and 3/4, up 2 centsNov. soybeans closed at $9.88 and 3/4, up 8 and 3/4 centsDec. soybean meal closed at $318.10, up $4.40Dec. soybean oil closed at 42.59, up 91 pointsDec. wheat closed at $5.89 and 1/2, up 4 and 1/2 centsDec. live cattle closed at $186.17, down 42 centsNov.…… Continue Reading

Soybeans, wheat close modestly higher

Soybeans were higher on short covering and technical buying. Soybeans are watching U.S. harvest activity, expecting more good near-term progress in much of the region. Still, there will need to be a substantial soil moisture recharge in the U.S. prior to 2025 planting. Planting weather for parts of Argentina and Brazil generally looks favorable. There…… Continue Reading

John Deere announces upcoming layoffs in Quad Cities

John Deere says it plans to layoff nearly 300 employees at its facilities in the Quad Cities effective January 3rd. In a statement to Brownfield, the company said the latest layoffs are due to reduced demand for the products manufactured at the plants. John Deere says the workforce reduction is not related to production moves,…… Continue Reading

Northwest Wisconsin farmers donate to hurricane relief

Hay and supplies from northwestern Wisconsin have been donated and delivered to hurricane victims. Kurt Wohlk is a truck driver who also helps on his family’s Almena, Wisconsin farm.  He tells Brownfield he hoped to get enough hay to fill his flatbed semi, but the donations kept coming to the Barron County Fairgrounds in Rice…… Continue Reading

Missouri 4-Her named Youth in Action Award Winner

A St. Louis area teen is being recognized by the National 4-H Council for leadership in her community. Kaycie Hollrah a ten-year Missouri 4-H member was named a Youth in Action award winner for her role in launching the Extension Council Youth Leadership Program. “My goal was not only to find those that were very…… Continue Reading

Minnesota ethanol plant prepared for disappointing corn crop

An ethanol plant in south-central Minnesota is prepared for a disappointing corn crop. Highwater Ethanol CEO Brian Kletscher says supplies could tighten following a tough growing season in the region. “We’re going to have corn out there, it’s going to be available. But between the livestock and the ethanol plant, we need to make sure…… Continue Reading

Ethanol stocks, production up modestly

U.S. ethanol production hit its highest level in a month last week. The U.S. Energy Information Administration says production averaged 1.042 million barrels per day, up 4,000 on the week and 7,000 on the year. Iowa State University’s Center for Agricultural and Rural Development says operating margins for the average Iowa plant ticked slightly higher…… Continue Reading

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