June 27, 2024

An analyst is concerned about the future of the nitrogen fertilizer market. Josh Linville from StoneX tells Brownfield he’s watching four areas that will greatly influence the price and availability of nitrogen, starting with Europe. “Their natural gas price is higher than what it would “historically” normally be, and that means that about 25% of […] The post Analyst remains concerned about nitrogen fertilizer market appeared first on Brownfield Ag News. View Full Story

Recent independent studies support a greater reliance on biofuels to reduce greenhouse gas emissions. Scott Richman with the Renewable Fuels Association says one study looked at the impact of electric vehicles on both liquid fuel and electricity usage, and another looked at the benefits and potential role of flex fuel vehicles. “And what they found […] The post Studies support greater biofuel usage to reduce transportation emissions appeared first on Brownfield Ag News. View Full Story

Global wheat supplies are expected to tighten because of Russian production challenges. CoBank grains and oilseeds economist Tanner Ehmke says weather problems are going to limit the size of this year’s crop. “The estimates on the Russian wheat crop are all down across the board to varying degrees. USDA has the Russian wheat crop at […] The post Russia wheat struggles could spark market volatility appeared first on Brownfield Ag News. View Full Story

An agronomist in northwest Missouri says tar spot has been confirmed this week. Erin Marlow with Cropwise Consulting says “we have a visual confirmation.” Marlow says the disease has been sparse so far; she expects to find more in the upcoming weeks and she says farmers should scout fields and get a second opinion, because […] The post Tar spot confirmed in NW Missouri appeared first on Brownfield Ag News. View Full Story

The director of the Quentin Burdick Center for Cooperatives says there are questions about China’s largest food and ag company becoming the sole owner of a grain facility along the Mississippi River. Frayne Olson tells Brownfield “one of the questions both at the state level and national level is what role should foreign owned companies […] The post COFCO and GROWMARK acquisition raises some questions appeared first on Brownfield Ag News. View Full Story

A member of the U.S. Senate Ag Committee says the farm bill needs to offer better resources to producers impacted by drought conditions. Roger Marshall of Kansas tells Brownfield enhancements are needed to both versions of the Senate bill. “I think we need to go a little bit further on the guard rails for the conservation […] The post Sen. Marshall pushing for conservation flexibility appeared first on Brownfield Ag News. View Full Story

At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct business.  August lives closed $.30 lower at $186.45 and October lives closed $.37 lower at $185.75.  August feeder cattle closed $1.12 lower at $260.65 and September feeders closed $1.07 lower at $261.40.  Direct cash cattle trade activity has been […] The post Cattle, hog futures lower heading into Friday appeared first on Brownfield Ag News. View Full Story

Two U.S. Representatives from Illinois sent a letter to the Committee on Foreign Investment in the U.S. asking them to investigate an acquisition involving COFCO International Ltd and GROWMARK, Inc. Nikki Budzinski and Mike Bost say a recent transaction of a grain facility fully divests U.S. ownership of an active grain terminal and gives ownership […] The post House lawmakers ask CFIUS to investigate COFCO-GROWMARK transaction appeared first on Brownfield Ag News. View Full Story

Jul. corn closed at $4.13 and 3/4, down 6 and 1/4 centsJul. soybeans closed at $11.52 and 1/4, down 10 and 1/2 centsJul. soybean meal closed at $361.10, up 20 centsJul. soybean oil closed at 43.49, up 4 pointsJul. wheat closed at $5.59 and 3/4, up 18 and 1/2 centsAug. live cattle closed at $186.45, […] The post Closing Grain and Livestock Futures: June 27, 2024 appeared first on Brownfield Ag News. View Full Story