November 29, 2024

Dec. corn closed at $4.23, up 7 and 1/4 centsJan. soybeans closed at $9.89 and 1/2, up 3/4 centsDec. soybean meal closed at $287.10, down $3.40Dec. soybean oil closed at 41.61, up 86 pointsDec. wheat closed at $5.32 and 1/4, down 5 and 1/2 centsDec. live cattle closed at $187.97, down 2 centsJan. feeder cattle […] The post Closing Grain and Livestock Futures: November 29, 2024 appeared first on Brownfield Ag News. View Full Story

At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were up following the sharply higher cash business earlier in the week.  December lives closed $.02 lower at $187.97 and February lives closed $.02 higher at $188.62.  January feeders closed $.70 higher at $259.47 and March feeder cattle closed $1.32 higher at $258.62.  […] The post Cattle futures supported by week’s sharply higher cash business appeared first on Brownfield Ag News. View Full Story

The President and CEO of the Renewable Fuels Association hopes President elect Trump moves quickly to set future Renewable Volume Obligation levels for blending ethanol and gasoline. Geoff Cooper tells Brownfield the U.S. should already have renewable fuel standards in place for 2026 and beyond, but President Biden’s EPA did not complete them. “The deadline […] The post Ethanol leader urges Trump administration to quickly set RVO guidelines appeared first on Brownfield Ag News. View Full Story

Soybeans ended the day mixed with another day of unsurprising light-volume trade, this time post-holiday. The USDA announced a sale of soybeans to unknown destinations for the current marketing year. The USDA also announced 151,700 mt of soybeans received by unknown destinations. Export sales for the previous week notched a marketing-year high for soybeans. Development […] The post Soybeans, corn, wheat mixed in a quiet post-holiday session appeared first on Brownfield Ag News. View Full Story

The ag division president for Great Plains Manufacturing says there is some hope for a turnaround for ag equipment sales in 2025. James Shurts tells Brownfield more orders are starting to come in and are more relevant.  “There’s no ambiguity in the election. It’s done,” he says. “We know where our path is and there’s […] The post Optimism for a turnaround in ag equipment sales appeared first on Brownfield Ag News. View Full Story

Pictured: Brownfield’s Brent Barnett (left) with southwest Iowa farmer Mark Peterson at the 2024 NAFB Convention in Kansas City A southwest Iowa farmer says he continues to adopt conservation practices that help improve soil health on his farm. Mark Peterson, who also represents Practical Farmers of Iowa, says cover crops have been a successful tool. […] The post Iowa farmer continues to share cover crop success stories appeared first on Brownfield Ag News. View Full Story

Owners of a southern Illinois realty firm say the region’s land market is holding steady. Brad Chandler, with Property Peddler, Inc., which has four locations across the area, tells Brownfield, “I kind of thought 2023 might have been the peak, but from what our early fall auctions here are showing is that the market is […] The post Southern Illinois land market holding steady appeared first on Brownfield Ag News. View Full Story

Pictured: David Widmar with Agricultural Economic Insights at the 2024 NAFB Convention in Kansas City (Photo by Brent Barnett/Brownfield) An ag economist says a few factors have caused the farmland market to show signs of softening. David Widmar is with Agricultural Economic Insights and says, “Declining farm profitability because of low commodity prices, but also […] The post Farmland market softening continues appeared first on Brownfield Ag News. View Full Story

Sustainable aviation fuel is generating a lot of interest as an emerging market for crops. But Minnesota Farm Bureau vice president Carolyn Olson says a lot of uncertainty remains. “Surrounding some of the tax credits and whether or not Minnesota farmers will qualify for those.” She tells Brownfield Minnesota has the biofuel infrastructure in place […] The post Minnesota Farm Bureau cautiously optimistic about sustainable aviation fuel appeared first on Brownfield Ag News. View Full Story