Monday, September 15, 2014
Closing Grain and Livestock Futures
Dec. corn closed at $3.43, up 4 and 1/2 cents
Nov. soybeans closed at $9.89 and 1/2, up 4 and 1/4 cents
Oct. soybean meal closed at $338.80, up 30 cents
Oct. soybean oil closed at 33.27, up 72 points
Dec. wheat closed at $5.00 and 3/4, down 1 and 3/4 cents
Oct. live cattle closed at $156.35, up 7 cents
Oct. lean hogs closed at $106.07, up 37 cents
Oct. crude oil closed at $92.92, up 65 cents
Dec. cotton closed at 65.84, down 216 points
Oct. Class III milk closed at $23.87, up 52 cents
Oct. gold closed at $1,234.10, up $3.70
Dow Jones Industrial Average: 17,031.14, up 43.63 points
Brownfield Coverage of the 2014 Farm Science Review
FSR in full setup mode
With the opening of the 2014 Farm Science Review coming up in just days, you can imagine what the exhibit area is like during the final days of set-up, but Assistant Show Manager Matt Sullivan tells Brownfield it really goes very smoothly.
Grain & Oilseed Market Briefs
Soybeans, corn see slight bounce
Soybeans were higher on technical buying. Frost over the weekend wasn’t as bad or as widespread as expected and the trade’s still expecting a record crop. Corn was higher on technical buying. Corn’s also watching the weather, with a warmer pattern expected across the region over the next ten days or so. The wheat complex was lower on fund and technical selling. The big bearish factor for wheat continues to be the large available world supply.
Livestock Market Briefs
Cash hogs and pork values close higher
It was typically quiet in cattle country on Monday afternoon following the distribution of the new showlists. Boxed beef cutout values are lower on light to moderate demand and moderate offerings. Live cattle contracts on the Chicago Mercantile Exchange settled 30 higher to 50 lower in a light trade and the few players stepping in and out of the market had some significant control of price direction. Lean hogs settled 55 higher to 45 points lower. Barrows and gilts in the Iowa/Minnesota direct trade closed .76 higher at 103.74 weighted average on a carcass basis, the West was up .58 at 103.49, and the East was not reported due to confidentiality. The pork carcass value FOB plant is 2.28 higher at 108.85.
U.S. corn, soybean ratings hold
U.S. corn and soybean condition ratings held steady last week.
NRCS announces conservation grants
The Natural Resources Conservation Service (NRCS) has announced its latest round of Conservation Innovation Grants (CIG).
AFBF pleased with WOTUS vote
A spokesman for the American Farm Bureau Federation says last week’s vote in the U.S. House to stop the EPA’s proposed Waters of the U.S. rules sent a message to the Obama Administration that the EPA is committing regulatory overreach.
U.S. Soy Exchange in Milwaukee this week
More than 270 representatives of major international companies interested in importing U.S. soy are in Milwaukee this week for the second annual U.S. Soy Global Trade Exchange.
Cargill enters ‘prescriptive planting’
Cargill is moving into the “prescriptive planting” business.
Rabobank issues Q3 fertilizer outlook
Rabobank releasing their third-quarter fertilizer report predicting prices will move a little higher but not much.
Syngenta, Gavilon renew agreement
Syngenta and Gavilon have renewed their grain marketing agreement for Agrisure Duracade for 2015.
World Dairy Expo youth entry deadline
Youth are encouraged to enter World Dairy Expo’s Youth Showmanship Contest.
Good week for corn, soybean inspections
USDA reports corn and soybean export inspections for the week ending September 11 were larger than expected, while wheat fell short of its’ mark.
EU gets more GI protection
Chalk-up another one for the European Union and their Geographic Indicators (GIs).
Rain, cool weather hamper corn harvest in Illinois
Rain and very cool temperatures this past week hampered corn harvest in Illinois.
Recount confirms Right to Farm passage
The recount of votes on the so-called Farming Rights Amendment on Missouri’s August 5th primary election ballot confirmed its passage.
Missouri’s corn harvest is 12 percent done
Rain and cool temperatures through Missouri last week hampered the corn harvest especially in the northern districts where most of the rain fell.
Nebraska crops maturing on schedule
Row crops in Nebraska are maturing right on schedule, according to the latest crop progress report.
OFBF commits $1 million to water quality
The Ohio Farm Bureau Federation (OFBF) has announced a $1 million commitment to address water quality, with special emphasis on the Western Lake Erie Basin.
South Dakota corn 10 percent mature, lags behind
Cool, wet weather dominated South Dakota conditions this past week, bringing topsoil moisture to 85 percent adequate to surplus.
A little frost in Wisconsin last weekend
Frosty conditions across the northern half of Wisconsin on Saturday morning.
Brownfield coverage of 2014 Husker Harvest Days
Reinke backs ‘irrigation tech’ program
A new educational initiative to train students in center-pivot irrigation technology has been launched at the Nebraska College of Technical Agriculture (NCTA) in Curtis.
Grain safety stressed at HHD
“Take a Second for Safety”.
Cooler air on the move
Across the Corn Belt, locally heavy showers stretch from Michigan to Nebraska.
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