The cotton market posted 7 to 113 point losses on Thursday. The death spiral liquidation continues for May, down 146 points, as longs get out before deliveries, with rest of the contracts following along. The US dollar index was up 226 points on the day, with crude oil back up...
Thursday trading in the corn market saw weakness creep in, with losses of 3 1/2 to 4 ¾ cents at the close. May was 3 ½ cents in the red and back below $4.30, with December settling at $4.60, down 4 ¾. USDA’s Export Sales report showed a 54% uptick...
Soybeans pushed lower into Thursday’s close, as contracts settled with losses of 6 ¾ to 15 ¼ cents on the day, led by the nearbys. Soymeal was down 70 cents to $3.0 at the closing bell. Soy Oil was down another 22 to 90 points on the day. Export Sales...
The wheat markets put together some strength on Thursday, as contracts were mostly higher. Chicago was the weakest, with nearby May closing down ¼, but other contracts up ¾ to 2 ¼ cents. Kansas City was up 1 ½ to 6 ¼ cents at the close. Minneapolis spring wheat futures...
Lean hogs posted mostly weaker action on Thursday, as contracts were down anywhere from a tick to 42 cents with the exception to July, up a nickel. USDA’s National Average Base Hog negotiated price was up 65 cents at $89.78 in the Thursday afternoon report. The CME Lean Hog Index...
Live cattle posted some strength on Thursday, with contracts up anywhere from a nickel to $1.05. Cash action has been quiet so far this week. There have still been no deliveries against April futures. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed this morning,...
Milk futures and the cash dairy prices were mixed Thursday on the Chicago Mercantile Exchange. April Class III milk was up $.10 at $15.57. May was up $0.19 at $17.41. June was up $0.09 at $17.64. July was down $0.01 at $18.05. August through November contracts ranged from unchanged in...
The American Farmland Trust says increasing support of agricultural conservation easements in the next farm bill would provide long-term climate benefits. Senior Policy Advisor Cris Coffin tells Brownfield recent research with Purdue University finds easements are the reason farmers invest more in conservation practices. “I think one of the most...
Flaring tensions in the Middle East have put the spotlight on defense stocks, and even the cautious analysts at Morgan Stanley name these two picks as their top choices.
The outgoing president of the Missouri FFA Association says the FFA continues to have many opportunities for its members. Sam Tummons tells Brownfield “it’s a place everyone can be successful, not just farm kids. Traditionally, it’s a very agricultural rooted organization, but you don’t have to be a farm kid...
An animal protein analyst says pork producers’ profits may have changed course. Brian Earnest, at CoBank, tells Brownfield after 17 straight months… “Producers are back in the black after being in the red for several periods, so you know, maybe some room for optimism as we’re thinking about 2024,” he...
The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.57%. US stock indexes gave up early gains on Thursday and settled mixed, with the...
May corn closed at $4.26 and 3/4, down 3 and 1/2 centsMay soybeans closed at $11.34 and 1/4, down 15 and 1/4 centsMay soybean meal closed at $338.00, down 70 centsMay soybean oil closed at 44.12, down 88 pointsMay wheat closed at $5.36 and 3/4, down 1/4 centJun. live cattle...