November 14, 2024

Soybeans are lower on fund and technical selling. CONAB’s guess for Brazil was up slightly on the month at 166.143 million tons, with South American planting still ongoing. The Rosario Grain Exchange now pegs Argentina’s crop at 53 million to 53.5 million tons, compared to October’s range of 52 million to 53 million tons. Unknown […] The post Soybeans, corn, wheat extend downtrend appeared first on Brownfield Ag News. View Full Story

Dec. corn closed at $4.19, down 7 and 1/2 centsJan. soybeans closed at $9.87 and 1/2, down 20 and 1/4 centsDec. soybean meal closed at $287.00, down $4.60Dec. soybean oil closed at 44.44, down 74 pointsDec. wheat closed at $5.30 and 1/4, down 10 and 3/4 centsDec. live cattle closed at $182.95, down $1.07Jan. feeder […] The post Closing Grain and Livestock Futures: November 14, 2024 appeared first on Brownfield Ag News. View Full Story

Cash dairy prices were mixed Thursday on the Chicago Mercantile Exchange.  Dry whey prices were up $0.0325 at $0.6550.  Four sales were recorded, ranging from $0.63 to $0.65.  Forty-pound cheese blocks were down $0.0325 at $1.6575.  One sale was recorded at that price.  Cheese barrels were down $0.0075 at $1.6725.  No sales were recorded.  Butter […] The post Cash dairy markets mixed Thursday appeared first on Brownfield Ag News. View Full Story

Ethanol production had a strong week. The U.S. Energy Information Administration says production averaged 1.113 million barrels per day, up 8,000 on the week and 66,000 on the year. That works out to 46.75 million gallons of ethanol a day, the highest daily average for any week on record. That was despite margins continuing to […] The post Ethanol production up, stocks higher appeared first on Brownfield Ag News. View Full Story

Brazil’s equivalent of the USDA has increased its estimates for that nation’s corn and soybean crops. CONAB sees Brazil’s soybean crop at 166.143 million tons, 0.1% larger than the October guess and 12.5% above last year’s crop on higher planted area expectations. Combined corn production is pegged at 119.814 million tons, 0.1% more than a […] The post CONAB raises Brazil soybean, corn guesses appeared first on Brownfield Ag News. View Full Story

A grain and oilseed analyst at Rabobank says oilseed exports are starting to pick up the pace. Andrick Payen tells Brownfield “exports are almost or are a little bit better than last year. There’s more crush capacity coming online this fall, which should help with record crop production, especially in soybeans.” Payen says the unknown […] The post Slightly better U.S. oilseed exports appeared first on Brownfield Ag News. View Full Story