Chicago Mercantile Exchange live and feeder cattle futures were higher, supported by oversold signals as traders watched the distribution of the show list. Feeders had additional support from the lower move in corn. October live was up $1.27 at $176.97 and December was $1.17 higher at $176.37. September feeders were $2.77 higher at $241.35 and…… Continue Reading
Small grains harvest continues in Minnesota
Small grains harvest continues in Minnesota. USDA’s latest weekly crop update says 74 percent of oats, 54% of spring wheat, and 57% of barley is harvested. The second cutting of alfalfa hay reached 94% complete. Corn is 5% mature, 4% ahead of average; while only 19% is dented, which is 11% behind. Sixty percent of…… Continue Reading
Nebraska crops continue to improve
Corn and soybean conditions are consistently higher than they were last year in Nebraska. According to USDA’s weekly crop report, corn is rated 68 percent good to excellent in the state with 87 percent of the crop in the dough stage. Fifty-eight percent of the crop is at the dent stage. Soybeans are rated 71…… Continue Reading
Corn and rice harvest begin in MO
Corn and rice harvest started in the last week in portions of Missouri, with temperatures and moisture below normal for this time of the year. USDA says 2% of the corn is harvested, with 17% of the state’s crop is mature and 75% of the crop dented. Missouri’s corn is rated 78% good to excellent.…… Continue Reading
Wisconsin harvests picking up
Dry weather was good for harvesting small grains, hay, and potatoes last week in Wisconsin. The USDA says oats are now 86 percent harvested, ahead of last year and the five-year average, while potatoes are 25 percent harvested and rated 90 percent good to excellent. A third cutting of alfalfa hay is 89 percent finished…… Continue Reading
Soybeans up, corn down, new lows in wheat
Soybeans were higher on short covering and technical buying. High heat during the first part of the week in some areas could have an impact on yields. Parts of the region are expected to see a return to less stressful temperatures later this week. For now, the USDA and a recent private crop tour are…… Continue Reading
Michigan dry bean & sugarbeet harvests in early stages
Michigan crop conditions have improved following recent cool weather. Bay City grower John Burk tells Brownfield dry bean harvest is just getting started. “There’s some water damage in certain areas, but some of these fields could be record yields in the dry beans,” he shares. He says wet weather could also be problematic for some…… Continue Reading
Closing Grain and Livestock Futures: August 26, 2024
Sep. corn closed at $3.62, down 5 and 3/4 centsSep. soybeans closed at $9.59 and 3/4, up 7 and 3/4 centsSep. soybean meal closed at $312.10, up $5.80Sep. soybean oil closed at 41.70, up 23 pointsSep. wheat closed at $4.98, down 4 and 1/4 centsOct. live cattle closed at $176.97, up $1.27Sep. feeder cattle closed…… Continue Reading
Latest Illinois crop conditions
USDA says timely rains and moderate weather continue to benefit Illinois crops. Sangamon County farmer Marty Marr says the growing season has been nearly ideal. “The extremes weren’t extreme, I guess,” he says. “And so, we were able to really see some growing conditions that were exceptional, and pollination is one that comes to mind…… Continue Reading
65% of U.S. corn, 67% of soybeans good to excellent
Late U.S. corn and soybean development remains ahead of average. That followed another week of generally favorable conditions in much of the Midwest and Plains, with some areas expected to see some stress this week from hot, mostly dry conditions, along the potential for severe storms. The USDA says 84% of corn is at the…… Continue Reading
