Markets

A soy-based adhesive tape took home the top prize at the 32nd annual Student Soybean Innovation Competition sponsored by the Indiana Soybean Alliance and Purdue University. Biological engineering sophomore Jocelyn Erickson explains the product.  “SoySeal is a 90% soy-based tape where the adhesive part is 100% soy-based and the backing is 90% with only one non-soy ingredient, […] The post SoySeal adhesive tape wins $20,000 prize in ISA and Purdue University Student Soybean Innovation Competition appeared first on Brownfield Ag News. View Full Story

The co-founder of AgMarket.net says U.S. farmers are likely preparing to plant a record number of corn and soybean acres. Ahead of next week’s USDA Prospective Plantings Report, Matt Bennett says the company estimates farmers will plant 94.4 million acres of corn and 86.1 million acres of soybeans in 2026. “The combined total there, if […] The post AgMarket.net estimating record U.S. corn and soybean acreage appeared first on Brownfield Ag News. View Full Story

More volatility in the cattle markets is expected. Jackie Moore, the owner of Joplin Regional Stockyards in Missouri, one of the largest sale barns in the country says the wild ride in the cattle markets is far from over. “I don’t know what’s going to happen, I just want to live long enough to find out,” he says. “I’ve seen a […] The post Cattle markets remain unpredictable appeared first on Brownfield Ag News. View Full Story

The co-founder of AgMarket.net says continued demand for U.S. corn is bringing basis opportunities for some farmers. Matt Bennett, who also farms in central Illinois, says growers need to be in close contact with their merchandiser. “They just need to let their originator know, hey, I’ve got bushels here. What would it take to get […] The post Some farmers finding basis opportunities in the corn market appeared first on Brownfield Ag News. View Full Story

Taking advantage of marketing opportunities.  Matt Bennett, co-founder of AgMarket.net and an Illinois farmer, says recent gains in the soybean market shouldn’t be overlooked. “Three weeks ago, you would have swore that you’d sell beans at $11 or better.”  He says, “Now you’ve got the opportunity, so if you don’t take that opportunity, it’s on […] The post Soybean market offers opportunity and potential appeared first on Brownfield Ag News. View Full Story

A grain merchandiser says farmers can’t afford to sit-on-the sidelines and wait to market grain this year. Mathew Burkey with Ag Valley Coop says there’s too much volatility. “I tell guys have some future targets working. Spread out your risk. Maybe do some seasonal-average contracts, but you have to do something.”   Seasonal average contracts […] The post Volatile markets require active grain marketing strategy appeared first on Brownfield Ag News. View Full Story

A grain merchandiser says the latest USDA supply and demand report didn’t include any surprises. Matthew Burkey with Nebraska-based Ag Valley Coop says no news is good news right now. “It was really on a non-event. Soybeans are still bidding on expected China buying. That’s what’s pushing beans. More exports for corn because they lowered […] The post Merchandiser sees long-term corn risks despite quiet WASDE appeared first on Brownfield Ag News. View Full Story

An unexpected gift.                          “This has been quite a gift, quite an opportunity for farmers.” Naomi Blohm, senior market advisor with Total Farm Marketing, says this week’s announcement of China potentially purchasing even more U.S. soybeans delivered farmers a rare opportunity.  “We started the week with the markets in the doldrums and then one social […] The post Early February market rally an unexpected gift for farmers appeared first on Brownfield Ag News. View Full Story

An ag economist says the European Union’s decision to postpone finalizing the U.S. trade deal could have larger impacts for American agriculture. Ian Sheldon with Ohio State University tells Brownfield, “They’re having a rethink in the EU parliament. They’re wondering if this will necessarily leave the EU in the best position. At the same time, they’re […] The post EU trade deal delay could increase market volatility for U.S. farmers appeared first on Brownfield Ag News. View Full Story

An ag economist says a lot of farmers took advantage of the late-fall market rally for soybeans. Tanner Ehmke, lead grains and oilseeds economist with CoBank, says producers were closely monitoring trade tensions between the U.S. and China. “Leading into the trade truce on October 30th, farmers were very concerned about what was going to […] The post CoBank: Producers sold soybeans during rally, now eye corn and wheat appeared first on Brownfield Ag News. View Full Story