Brazilian farmers, suppliers watching Canadian rail talks

A Canadian-based consultant for Brazil Potash Corporation says Brazilian farmers and suppliers are closely watching the labor discussions at the Canadian National and Canadian Pacific Kansas City railroads. William Steers says, “Canada’s exports depend upon two rail systems. Close those two rail systems and it’s really a global tragedy.” Steers tells Brownfield much of the…Continue Reading

Hot and dry conditions slow soybean planting in central Brazil

Hot and dry conditions are expected to slow soybean planting in central Brazil.  Michael Cordonnier with Soybean and Corn Advisor says while that type of weather is common this time of year, it’s been more extreme. “The farmers there want to get at least 2, 3, 4 inches of rain to make sure they’ve got…Continue Reading

Closing Grain and Livestock Futures: September 10, 2024

Dec. corn closed at $4.04 and 1/4, down 3 centsNov. soybeans closed at $9.97 and 1/4, down 20 and 3/4 centsOct. soybean meal closed at $313.30, down $7.40Oct. soybean oil closed at 40.29, down 78 pointsDec. wheat closed at $5.74 and 1/4, up 5 and 3/4 centsOct. live cattle closed at $176.32, down 60 centsOct.…Continue Reading

Live cattle mixed ahead of direct business

At the Chicago Mercantile Exchange, live cattle were mixed waiting on direct business, feeders were mostly higher on the lower move in corn. October live cattle closed $.60 lower at $176.32 and December live cattle closed $.37 lower at $176.42.  October feeder cattle closed $.67 higher at $235.40 and November closed $.45 higher at $232.27. …Continue Reading

Agronomist shares cautious optimism for Nebraska harvest

A field agronomist is cautiously optimistic ahead of harvest. Trey Stephens, with Beck’s Hybrids tells Brownfield he expects corn yields to be better in Nebraska than last year. As for soybeans… “I have a little healthy skepticism on it just because of the lack of rainfall that we’ve gotten,” he says. “The dry land acres…Continue Reading

Soybeans, corn droop as wheat sees good gains

Soybeans were sharply lower on profit taking and technical selling. The U.S. crop remains in very good shape overall, even with recent hot, dry weather in some areas. There are some areas of concern and yields could be a little bit lower in the next round of supply and demand estimates, but on the balance,…Continue Reading

Ag economist studies trends in seed corn

An ag economist is examining the correlation in seed prices and corn population. Michael Langemeier with Purdue University’s Center for Commerical Agriculture says there is a strong relationship between seed cost and seed prices. “Plant populations also have had an impact on increasing seed costs overtime,” he says. “When you see those steady increases in plant…Continue Reading

Flex fuel vehicles here to stay, RFA says

A leader with the Renewable Fuels Association says he has an optimistic outlook for flex fuel vehicles. Robert White, senior vice president of industry relations and market development, says California has helped lead that charge. “There’s been a huge boom in E85 expansion in (California). They are probably selling 130 million gallons of E85.” He…Continue Reading

Playlist