Closing Grain and Livestock Futures: May 9, 2025

Jul. corn closed at $4.49 and 3/4, up 2 and 1/4 centsJul. soybeans closed at $10.51 and 3/4, up 6 and 3/4 centsJul. soybean meal closed at $294.10, down 60 centsJul. soybean oil closed at 48.57, up 12 pointsJul. wheat closed at $5.21 and 3/4, down 7 and 1/2 centsJun. live cattle closed at $214.67,…Continue Reading

Lingering wet conditions slow planting in northwest Iowa

Lingering wet conditions have slowed planting progress in northwest Iowa. Shane Holtorf of Pomeroy says he started planting corn April 13th and finished a week later. “We got a start into beans, and then right at the end of April we got a pretty good shower, about an inch. And then about a week ago…Continue Reading

Soybeans, corn gain ahead of trade talks, WASDE

Soybeans were higher on short covering and technical buying, pulling contracts to a higher weekly finish. Beans were preparing for weekend trade talks between the U.S. and China. Any significant progress on tariffs is unlikely in this early round of negotiations, but President Trump has floated lowering the tariff on Chinese goods from 145% to…Continue Reading

Delta farmers wait for better weather

Farmers in northeast Arkansas are waiting on a decent planting window following a month of record rain and flooding. “I never ever say I want the rain to stop, but I wish it would pause or slow down a little bit so we could get some fieldwork done, crops planted and crops emerged,” says Tommy…Continue Reading

Cash rental rates remain strong

A farmland market expert says cash rental rates have been strong across parts of the Corn Belt. Jim Rothermich is the vice president of Iowa Appraisal and says, “I have seen no weakness in the cash rent auctions I pick up. It’s steamrolling right along.” He tells Brownfield rates have been higher compared to 2024.…Continue Reading

Nebraska rancher says managing risk is harder with more uncertainty

A Nebraska rancher says it’s becoming harder to manage risk due to on-going drought and uncertainty in the market. Jaclyn Wilson of Lakeside tells Brownfield, “Everything is so extreme right now. We’re seeing record prices that we have never seen.  I call it out of control even though it is very beneficial, but something always…Continue Reading

House Ways and Means Chairman wants tax certainty for farmers and ranchers

The Chairman of the House Ways and Means Committee says Congress is finalizing the President’s “one big, beautiful bill”. Congressman Jason Smith of Missouri says, “We’re going to deliver a pro-growth, pro-jobs, pro-worker, pro-farmer, and pro-small business tax bill.” He tells Brownfield that if signed into law, it would make permanent the expiring provisions of…Continue Reading

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