Market News
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Soybeans Higher Following Export Shipment Data
Barchart1 hour ago
Soybeans settled the Monday session with contracts up 2 ½ to 11 cents, led by the nearbys. CmdtyView’s national front month Cash Bean price is up 11 1/4 cents at $9.24 1/2. Soymeal futures were up 20 cent to $2.70/ton in the front months on the day and slightly lower...
Cattle Pulls Back on Monday
Barchart1 hour ago
Live cattle futures closed out the day with contracts down 30 to 62 cents across the board. There were no new deliveries on Monday for October cattle. Last week there were Southern cash sales of $188 and Northern sales of $188 live and $296 in the beef. Feeder cattle futures...
Hogs Post Monday Strength
Barchart1 hour ago
Lean hog futures saw Monday gains of 15 to 45 cents on Monday. The national average base hog price was reported at $75.22 on Monday afternoon, up $3.17 from the previous day. The CME Lean Hog Index was reported at $83.96 on October 17, up 12 cents from the day...
Cotton Posts Rally on Monday
Barchart1 hour ago
Cotton futures closed out the Monday session with contracts up 28 to 121 points. The outside markets are mixed, with crude oil back up $1.26/barrel and the US dollar index 498 points higher. Crop Progress data showed the US cotton crop with 94% setting bolls, 3% ahead of the 5-year...
Corn Posts Gains Following Export Business Continues
Barchart1 hour ago
Corn futures closed out the Monday session with fractional to 4 ¾ cent gains following a slew of export announcements this morning. The national average Cash Corn price from cmdtyView was up 5 cents at $3.78 1/4 per bu. The weekly Crop Progress report showed the US corn crop was...
Wheat Slips Back to Close Mixed on Monday
Barchart1 hour ago
The wheat complex fell back from their intraday highs on Monday to close mixed. Chicago SRW futures were fractionally mixed on the day. KC HRW contracts were fractionally to 1 3/4 cents higher on the session. MPLS spring wheat is posted losses of 2 to 5 ¼ cents at the...
Ex-Nadine spawns new Tropical Storm Kristy off Mexico's coast
Fox WeatherMon Oct 21, 4:02PM CDT
The remnants of former Tropical Storm Nadine have reorganized into a new tropical storm in the Eastern Pacific Ocean off the coast of southern Mexico.Since this is not Nadine's original circulation, the National Hurricane Center (NHC) has assigned it the next name on the Eastern Pacific naming list – Tropical...
Dry conditions help advance winter wheat planting in Kansas
Brownfield Ag NewsMon Oct 21, 4:00PM CDT
The USDA says dry conditions helped speed up winter wheat planting in Kansas. Western Kansas farmer Clay Schemm tells Brownfield… “We had a little bit of rain early, and a lot of guys went out and started trying to plant to chase that moisture and if you were able to...
Very few harvest disruptions in October for Tennessee farmers
Brownfield Ag NewsMon Oct 21, 4:00PM CDT
Corn harvest is nearing completion in Tennessee, and soybean harvest remains well ahead of the average pace. David Nichols, who farms in the northwest part of the state, says October has been dry. “We have wrapped up the full season soybeans and have got started into double crop harvest on...
ASA’s WISHH Program is working on increasing soy demand in Africa
Brownfield Ag NewsMon Oct 21, 4:00PM CDT
The executive director of the American Soybean Association’s World Initiative for Soy in Human Health says Ghana is a target market for U.S. soy products. Gena Perry says the country already grows its own soybeans. “The USA has the highest quality,” she says. “It’s reliable with a high protein content....
Dry conditions have South Dakota farmers harvesting ahead of schedule
Brownfield Ag NewsMon Oct 21, 4:00PM CDT
Harvesting continues in South Dakota. Ninety-nine percent of the corn is mature, with 56% already harvested. Last year at this time, just 45% of the corn was in the bin. The soybean harvest is 91% finished compared to 85% last year. All of the South Dakota sorghum is mature, and...
Wisconsin harvest gets closer to finish line
Brownfield Ag NewsMon Oct 21, 3:44PM CDT
Harvest continues in Wisconsin, and some farmers are getting fertilizer applications and fall tillage done. USDA statistician Greg Bussler says ninety-four percent of the corn for grain is mature and 44% of that corn is already in the bin. That’s 12 days ahead of average. Moisture content for grain corn...
Agronomist discusses short, long-term impacts of drought expansion
Brownfield Ag NewsMon Oct 21, 3:44PM CDT
An extension agronomist says she’s concerned about the expansion of dry conditions across the Midwest. Meaghan Anderson with Iowa State University says additional moisture is critical for the next growing season. “I am a little concerned as we head into winter here, especially with very little projection for any kind...
Another dry week pushes Illinois harvest
Brownfield Ag NewsMon Oct 21, 3:44PM CDT
The USDA says another dry week allowed for big progress jumps in the Illinois harvest. Champaign County farmer Brian Krukewitt says he’s finished with soybean harvest. “I think for the most part it will probably be a farm record, maybe not by much.” He says, “I don’t think it’s quite...