Closing Grain and Livestock Futures: August 2, 2024

Sep. corn closed at $4.03 and 1/4, up 4 and 3/4 centsSep. soybeans closed at $10.18, up 9 centsSep. soybean meal closed at $333.70, up $5.70Sep. soybean oil closed at 41.68, down 79 pointsSep. wheat closed at $5.39, up 7 centsOct. live cattle closed at $182.07, down $1.65Sep. feeder cattle closed at $248.15, down $3.65Oct.…Continue Reading

USTR expected to finalize Section 301 tariff updates soon

The Office of the U.S. Trade Representative is finalizing modifications on tariffs for imported Chinese goods and trade policy specialist says she’s expecting to hear more soon. Virginia Houston with the American Soybean Association says she’s optimistic China won’t retaliate on U.S. ag products. “Of course we’re always concerned when tariffs are in play, just…Continue Reading

Soybeans, corn up Friday, still down on the week

Soybeans were higher on commercial and technical buying, still ending the week in the red. Forecasts by Friday had generally turned warmer and drier into mid-month for parts of the region, hitting beans during key development phases. The trade’s still expecting a large crop and solid yield, but any significant stress would likely limit the…Continue Reading

Hemp growers want farm bill certainty

Hemp growers say they need farm bill certainty from Congress. “Another one-year extension is not going to hurt anything.” Chris Berry, vice president of the Illinois Hemp Growers Association, says their growers need to know what the next farm bill contains more than any others. “The compliance issues.”  He says, “That you have to even…Continue Reading

How Hoosier farmers can take advantage of the R&D Tax Credit

The midwest director at alliantgroup, a tax consulting firm, says the Research and Development Tax Credit helps farmers offset expenses related to ag innovation. Tax consultant Greg Knarr says there is a misconception the credit is only for large ag companies. “People think of lab coats and beakers and test tubes, not what’s actually done in the field,”…Continue Reading

Weather extremes a threat to corn

The maturing corn crop could be vulnerable to weather extremes.  Syngenta agronomic service rep Logan Dinkla says a wet and blustery growing season raises the risk for lodging. “We’ve had a few wind events recently, and we’re known to get some here in the future. But with the moisture we’ve had there’s potential for maybe…Continue Reading

Harvest top of mind for Iowa grower

A southeast Iowa farmer says he’s been tackling some pre-harvest priorities. Tom Adam says repair work and grain marketing are at the top of the list. “Getting the equipment ready for harvest is going to be a primary thing. I raise some wheat and I’ll be moving that out here soon. I’ve also got some…Continue Reading

Difficulty of corn rootworm management heightens

A crop specialist says corn rootworm is becoming more difficult to manage. Kurt Maertens, tech service representative with BASF, says, “Specifically, the larvae feeding on the corn roots. We’ve seen a tremendous amount of pressure due to resistance to the Bt traits with the Western Corn Rootworms and then an increase in the extended diapause…Continue Reading

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