A central Illinois farmer says high input prices and volatility are making long-term budgeting a challenge. Derek Martin, who grows corn and soybeans in Logan County, tells Brownfield… “I was in the semi yesterday and it was empty, so I ran it up the farm to fill it up and I took a picture of […] The post High costs negating market gains appeared first on Brownfield Ag News. View Full Story
A market analyst says drying wet, damaged crops before storing them this fall is one of the best ways to manage risk if you have on-farm storage. “You can blend it out yourself. You can dry it cheaper. It’s going to take more handling, of course,” says Don Roose with U.S. Commodities. “Especially if there’s […] The post On-farm storage could pay dividends for wet, damaged crops appeared first on Brownfield Ag News. View Full Story
American Soybean Association President Scott Metzger says soybean farmers are looking for any positive news coming out of the U.S. and China trade meeting. “Whether that’s a commitment to more bushels in the future, doing away with the tariffs or extending the Section 301 stuff with ship building.” He tells Brownfield the two-month extension of […] The post Agriculture awaits details from U.S.-China trade talks appeared first on Brownfield Ag News. View Full Story
In this episode of Managing for Profit, David Widmar with Agricultural Economic Insights explains what farmers should be on the lookout for when making grain marketing decisions this fall. The post Making the best grain marketing decisions this fall appeared first on Brownfield Ag News. View Full Story
An ag economist says he’s not ruling out the possibility of $6 corn as harvest gets underway. Ben Brown with University of Missouri Extension tells Brownfield the corn market has been relatively strong the last few weeks. “We’d probably need to see a little more bullish support to get to $6, but it’s certainly possible,” […] The post Ag economist: $6 corn isn’t out of reach as harvest begins appeared first on Brownfield Ag News. View Full Story
The vice president of Nebraska-based Moving Parts, LLC says his expectations are for an average U.S. corn crop this year. Scott Custard tells Brownfield, “We’ve kind of made it through corn pollination in decent shape. That next two to four weeks are going to be critical for grain fill. There are areas in the West […] The post Markets on weather watch heading into August appeared first on Brownfield Ag News. View Full Story
An ag economist says it’s been a tough couple of months for the cattle complex. Josh Maples with Mississippi State University Extension tells Brownfield the five area price is currently about $230 per hundredweight. “This is down about 11% from a month ago,” he says. “And it’s down about 12% from the high that we saw back in mid-May when we were […] The post Economist says recent cattle price declines don’t necessarily signal a long-term downturn appeared first on Brownfield Ag News. View Full Story
Several agricultural groups are encouraging the U.S. Trade Representative to impose a 25 percent reciprocal tariff on Brazilian ethanol. “We need to have access to their markets just like they have access to ours.” National Corn Growers Association First Vice President and Michigan farmer Matt Frostic tells Brownfield the country has had an 18% tariff […] The post Farm groups push 25% tariff on Brazilian ethanol in USTR investigation appeared first on Brownfield Ag News. View Full Story
A grain market analyst says summer weather may offer farmers another pre-harvest pricing opportunity. Bree Baatz with Terrain says this year’s production estimates could be on track. “Are we going to have record yields? We don’t know yet, but as we sit here in mid-June, the speculation is these yield numbers are likely achievable […] The post Patience may pay off for grain producers this summer appeared first on Brownfield Ag News. View Full Story
A market analyst says he expects volatility in the wheat markets to continue. Jim McCormick with AgMarket.Net says prices responded sharply higher following this week’s USDA’s supply and demand report that predicted the smallest crop since the 70s. “It had to recalibrate itself – plain and simple – pretty violently.” However, prices have since moved […] The post Smaller U.S. wheat crop continues to drive market swings appeared first on Brownfield Ag News. View Full Story
