Market News
Farmers seek rootworm solutions
Brownfield Ag News22 minutes ago
After a troublesome 2023, more farmers are looking for ways to deal with corn rootworm problems. Agronomist Brandon Furseth with Dairyland Seeds tells Brownfield much of southern Wisconsin has been dealing with more corn rootworm problems for a couple of years, but the rootworms are spreading further north. “We’re starting...
Stocks Tread Water Before the Open as Investors Brace for U.S. Economic Data
Barchart57 minutes ago
June S&P 500 E-Mini futures (ESM24) are up +0.01%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.11% this morning as market participants digested remarks from a Federal Reserve official and geared up for a flurry of U.S. economic data.
New IL Master Farmers inducted today
Brownfield Ag News1 hour ago
A new crop of Illinois Master Farmers are being inducted today (THU). Holly Spangler, editor of Prairie Farmer magazine, which has handed out the awards since 1925, tells Brownfield the awards… “Recognize farmers who do both a good job at producing grain and/or livestock, and that’s what they’re raising.” She...
Cattle Finish Higher on Wednesday
BarchartWed Mar 27, 6:14PM CDT
Midweek trading initially pushed the cattle market further lower, but futures firmed up to end the day in the black. Fat cattle were 20 to 50 cents higher at the bell, and feeders were up by as much as $1.42. USDA confirmed some light cash trade on Wednesday mostly near...
Soy Futures Fade into Thursday
BarchartWed Mar 27, 6:14PM CDT
Front month soy futures were weaker on Wednesday led by the soy oil futures. Soy Oil futures closed more than 70 points weaker with 1.5% losses. Beans were down by 4 ¾ to 7 ½ cents across the front months on Wednesday. Soymeal futures closed the day off the session...
Wheat Closed Mixed on Wednesday
BarchartWed Mar 27, 6:14PM CDT
KC wheat futures ended the day mixed within 1 ¾ cents of UNCH. The soft red winter wheat futures were 2 ½ to 4 cents higher and hard red spring wheat was 3 ¾ cents higher on the day. May SRW is sitting with a 7 ¼ cent loss for...
Hogs Firmed Up for Wednesday
BarchartWed Mar 27, 6:14PM CDT
Nearby lean hog prices were 12 to 62 cents higher across the front months, leaving June with a $1.90 weekly gain into the quarterly Hogs and Pigs report. USDA’s National Average Afternoon Base Hog price was $1.37 weaker to $79.26. The CME Lean Hog Index was $83.69 for 3/25, back...
Cotton Closes Near Lows with 2 Cent Losses
BarchartWed Mar 27, 6:14PM CDT
The old crop market faded by more than 2 pennies per pound on Wednesday, though the new crop futures firmed up off their session lows for the bell. New crop prices were still 82 to 96 points in the red, though Dec was 33 points off the low. The Seam...
Corn Falls ahead of Report Day
BarchartWed Mar 27, 6:14PM CDT
Nearby corn prices were 5 ¾ cents lower at the close on Wednesday, leaving the board 12 cents in the red for the week’s move. Open interest continues to rise ahead of Thursday’s reports, up 2,573 contracts on Tuesday’s lower market. EIA reported ethanol output averaged 1.054 million barrels per...
AgDay TV Markets Now: Mike Zuzulo Says Row Crops Cautious Ahead of Report, Cattle Recover
AgWebWed Mar 27, 5:30PM CDT
IonQ vs. D-Wave: Which Quantum Computing Stock Has More Upside Potential?
BarchartWed Mar 27, 5:03PM CDT
In the growing quantum computing market, analysts expect IONQ stock to deliver significantly higher upside than QBTS.
Ag groups give feedback on federal water legislation
Brownfield Ag NewsWed Mar 27, 4:20PM CDT
Missouri agriculture groups are giving their feedback on what should be included in the Water Resources Development Act. The federal legislation (WRDA) outlines the projects the Army Corps of Engineers will work on to improve the nation’s inland waterway system and other water resources. “We’ve got to have protection against...
Most farmers in good financial shape
Brownfield Ag NewsWed Mar 27, 4:20PM CDT
An agricultural banker says most farmers will enter the growing season in good financial shape. Commodity prices are not ideal, and margins are tight, but ag banker Daniel Duthie with Bremer Bank tells Brownfield most farmers are in good financial shape. “We’ve had a couple, three good years ahead of...
Soil moisture crucial to getting corn off to good start
Brownfield Ag NewsWed Mar 27, 4:04PM CDT
An extension agronomist points to soil moisture as a crucial piece of getting corn off to a good start. Jeff Coulter with the University of Minnesota says it starts at planting. “And it’s important to place those seeds in moisture, get good seed to soil contact so that we can...
USDA assessing supply chain funding needs
Brownfield Ag NewsWed Mar 27, 3:48PM CDT
The U.S. Department of Agriculture is exploring how the agency can support food supply chain resiliency long-term. Rural Development Deputy Under Secretary Farah Ahmad tells Brownfield, “Strengthening the resilience of America ‘s food supply chain—we know that’s vital to everyone in our country and frankly it’s vital to our national...