Episodes
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On the latest episode of Outdoor Adventures, Brownfield’s Brent Barnett talks to Wisconsin DNR wildlife biologist Josh Spiegel about the state’s upcoming elk hunting season. Eight lucky residents recently won a once-in-a-lifetime opportunity to hunt elk later this fall. More than 20,000 hunters applied for the licenses.
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Brownfield Commodity Market Reporter John Perkins has your look at the pre-holiday gains in soybeans and cattle, the losses in corn and wheat, and the mixed close for hogs.
Closing numbers:
» September corn $4.05 and ½ down $.02 and 1/2
» August soybeans $11.57 and ¾ up $.07 and 1/2
» August soybean meal $350.10 down $.20
» August soybean oil 48.64 up 160 points
» September Chicago wheat $5.74 down $.07
» August live cattle $185.92 up $.82
» August lean hogs $89.82 up $.05
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Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
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Episodes manquant?
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Brownfield Commodity Market Reporter John Perkins has your look at the higher starts in soybeans and hogs, the mixed open for cattle, and the initial losses in corn and wheat.
What to watch:
» Soybeans are seeing more support from bean oil and crush margins.
» Corn is monitoring development weather.
» Wheat is seeing some profit taking, despite world weather issues.
» Cattle continue to wait for the week's direct business.
» Hogs are keeping an eye on holiday retail clearance.
Connect with Brownfield Ag News:
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Minnesota Soybean Research and Promotion Council Director, Glen Groth, discusses the importance of the soybean checkoff and tells of key priorities for this year's checkoff dollars.
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This week Will and Ben breakdown how a narrow ceiling and floor might be set for feed grains.
Market recap (changes on week as of Monday's close):
» September 2024 corn down $.26 at $4.07
» December 2024 corn down $.31 at $4.20
» September 2024 soybeans down $.23 at $11.07
» November 2024 soybeans down $.19 at $11.11
» September soybean oil up 2.13 cents at 45.98 cents/lb
» September soybean meal down $14.60 at $334.80/short ton
» September 2024 wheat up $.19 at $5.90
» September WTI Crude Oil up $1.45 at $82.39/barrel
Weekly highlights:
US energy stocks were mixed on the week. US crude oil and gasoline supplied were up 151 and 111 million gallons, respectively, while distillate fuels and ethanol stocks were down slightly at 16 and 8 million gallons respectively.
US ethanol production pulled back to 307 million gallons on the week from 311 the week prior but nearly matches the same volume during the week the last three years. Ethanol margins remain supportive of elevated production.
The PCE index showed no increases in May for the first time in six months suggesting inflation is beginning to wane. Year over year PCE for May fell from 2.7% to 2.6%.
Managed money traders were net sellers of Chicago corn, soybeans and wheat increasing the net shorts in all three commodities. For corn this was the largest net short in late June on record. Traders were buyers of ICE cotton and Chicago rice.
Except for grain sorghum, grain stocks as of June 1 were up year over year for corn, soybeans and wheat. June 1 grain stocks also came in above the average pre-report trade estimates across the board signaling lower feed use last quarter or lower 2023 production.
USDA’s June acreage report showed corn acres of 91.475 million acres above all pre-report trade estimates and 1.4 million acres higher than the March planting intentions report. Soybean acreage of 86.100 million acres was below last March intentions when traders were anticipating an increase creating some bullish pressure. US winter wheat acreage of 33.805 million acres was lower than the average estimate when traders were anticipating an increase but were pulled down by the bearish corn number.
Weekly US grain and oilseed export sales were mixed. Soybean sales of 10.4 million bushels were below all pre-report estimates and all wheat sales of 24.5 million bushels were above all pre-report estimates. Corn sales of 21.3 million bushels were on the lower end of expectations.
US grains and oilseed export inspections for last week were neutral to slightly bearish. Corn at 32.8, soybeans at 11.1, grain sorghum at 2.2, and wheats at 11.4 million bushels were all within pre-report trade expectations. However, all were below their recent volumes.
US corn and soybean conditions deteriorated week over week more than expected, US corn at 67% good to excellent was down from 69% last week and one point lower than expectations. Conditions fell the hardest in Iowa 73% vs 77%, Minnesota 62% vs 65% and Wisconsin 61% vs 65%. The eastern corn belt saw some conditions improvements after beneficial rains. Corn conditions were 51% this time last year. The conditions index fell from 374 to 370 on the week and compares to 340 last year and 361 on average.
Soybean conditions remained at 67% compared to expectations of a 1% decline. Similar to corn, soybean conditions increased in the eastern corn belt after recent rains. The conditions index moved one tick higher to 369 vs 368 last week. The index was 337 last year and 356 on average.
US cotton conditions decreased sharply to 50% vs 56% last week. Conditions fell in most deep south states and Texas. The conditions index of 331 compares to 327 this week last year and 324 the last three years.
The fast winter wheat harvest is now 54% harvested matching trade expectations. The conditions scores continue to support strong yields across the Midwest.
Topics:
» Market recap
» Recap of last week's USDA reports
» Western Cornbelt post-flooding conditions
» Energy market providing support
» Funds build net short positions
» Reports to watch
Connect with Brownfield Ag News:
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Brownfield Commodity Market Reporter John Perkins has your look at the strength in cattle, the weakness in wheat, and the mixed closes for soybeans, corn, and hogs.
Closing numbers:
» September corn $4.08 up $.01
» August soybeans $11.50 and ¼ up $.04 and 1/4
» August soybean meal $350.30 up $1.30
» August soybean oil 47.04 up 101 points
» September Chicago wheat $5.81 down $.09 and 1/4
» August live cattle $185.10 up $.82
» August lean hogs $89.77 up $1.60
Connect with Brownfield Ag News:
» Get the latest ag news: https://www.brownfieldagnews.com/
» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews
» Follow Brownfield on X (Twitter): https://x.com/brownfield
» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews
About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Missouri Soybeans constantly provides information on where checkoff dollars are being spent. Outreach and Education Director Baylee Asbury says part of the organization’s transparency is referred to as Checkoff Sellback. They offer many opportunities throughout the year for farmers to provide their feedback on how the dollars can be better spent. Missouri Soybeans sees the Checkoff Sellback as simply part of the responsibility of collecting checkoff funds. “You always want to know how those dollars are being spent, no matter who’s providing them and being able to allow farmers to know where those dollars are going and what some of the outcomes are on the success of the checkoff dollars.
Learn more at mosoy.org and on the new Spotlight podcast for Missouri soybean farmers and their checkoff.
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In this Pods for Profit, Michigan Soybean Committee Chief Executive Officer Ben Steyer explains how the checkoff works and how it’s been increasing the value of soybeans for nearly 50 years for farmers in the state.
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Since the Iowa Soybean Association was founded 60 years ago, the state’s soybean farmers and their checkoff have prioritized research. On this episode of Seeds of Success, an ISA director discusses the importance of research trials and how the information benefits growers.
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Brownfield Commodity Market Reporter John Perkins has your look at the higher starts for soybeans, corn, and cattle, and the mostly lower opens in wheat and hogs.
What to watch:
» Corn and soybeans continue to watch development conditions.
» Wheat's watching the U.S. winter harvest and weather in the Black Sea region.
» Cattle are waiting for direct cash business to get established.
» Hogs remain uncertain about domestic pork demand.
Connect with Brownfield Ag News:
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Illinois Corn Growers Association’s Precision Conservation Management program has released new data to help farmers profitability through conservation. In this Managing for Profit, Dr. Laura Gentry, director of water quality research for ICGA, discusses the latest in Precision Conservation Management.
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Brownfield Commodity Market Reporter John Perkins has your look at the gains in soybeans and wheat, the mixed closes for corn and hogs, and the losses in cattle.
Closing numbers:
» September corn $4.07 down ½ cent
» August soybeans $11.46 up $.12 and 1/2
» August soybean meal $349.00 up $3.00
» August soybean oil 46.03 up 196 points
» September Chicago wheat $5.90 and ¼ up $.16 and 3/4
» August live cattle $184.27 down $1.15
» August lean hogs $88.17 down $1.32
Connect with Brownfield Ag News:
» Get the latest ag news: https://www.brownfieldagnews.com/
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Welcome to the first episode of the Missouri Spotlight on Soybeans podcast! Get a quick overview of what’s to come as we dive into the world of Missouri soybeans. We’ll cover the latest research, share practical farming tips, and hear from industry experts. Whether you’re a soybean veteran or new to the field, this podcast is packed with valuable insights to help your operation thrive. Tune in and stay ahead in the soybean game!
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Brownfield Commodity Market Reporter John Perkins has your look at the mixed opens for soybeans, corn, and hogs, the gains in wheat, and the losses in cattle.
What to watch:
» Soybeans and corn are watching development weather, with more rain in the forecast for some areas.
» Wheat's waiting to see if India's going to import wheat.
» Cattle are watching the distribution of the show list.
» Hogs are monitoring pork demand around the July 4th holiday.
Connect with Brownfield Ag News:
» Get the latest ag news: https://www.brownfieldagnews.com/
» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews
» Follow Brownfield on X (Twitter): https://x.com/brownfield
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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In this video, Brownfield’s Brent Barnett and ag economist Scott Brown talk hog inventory being up 1%. They also recap the USDA’s June Acreage Report that came out on Friday.
This week in the markets:
Live fed cattle prices are $0.90 lower on the week with only a light volume, while feeder cattle prices are steady to $3 higher this week. August live cattle were up $2.00 on the week, and August feeder cattle were up $1.00 on the week. Choice box beef was $2.20 higher this week. Cash hogs were $1.10 lower this week. July lean hog futures were down $2.30 on the week. Pork cutout values were down $1.60 this week.
Weekly Slaughter:
At the end of the week, cattle slaughter was 609,000 head, down 11,000 on the week while down 42,000 for the year. Hog slaughter was 2.421 million head, up 2,000 from the previous week and up 91,000 on the year. Year-to-date cattle slaughter is down 4.5% relative to last year, and hog slaughter is up 1.0%.
Cold Storage:
In May 2024, beef ending stocks were down 0.5% relative to one year ago at 424 million pounds. May pork ending stocks were down 9.4% relative to last year at 482 million pounds.
Hogs and Pigs:
The June 1 hog breeding inventory was 96.8% of last year, slightly below the low end of the pre-report estimates. Pigs per litter was 101.8% of last year. The breeding herd has been steady at nearly 6 million head, and pigs per litter continues to grow, although the growth rate is slowing. Iowa, Texas, and Missouri showed the largest declines in breeding inventory over the last year.
June Acreage:
USDA's Acreage report surprised analysts with corn acreage increasing to 91.475 million acres, outside the upper end of the pre-report estimates. Soybean acreage at 861 million acres was at the low end of the pre-report estimates.
Next week's reports:
» Jobs Report
» Monthly Trade Data
Connect with Brownfield Ag News:
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Brownfield Commodity Market Reporter John Perkins has your look at what pressured corn, wheat, and cattle, why soybeans were mixed, and what helped hogs close higher.
Closing numbers:
» July corn $3.97 and ¼ down $.16 and 1/2
» July soybeans $11.50 and ½ down $.01 and 3/4
» July soybean meal $360.50 down $.60
» July soybean oil 43.77 up 28 points
» July Chicago wheat $5.53 and ½ down $.06 and 1/4
» August live cattle $185.42 down $1.02
» July lean hogs $89.57 up $.12
Connect with Brownfield Ag News:
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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On the latest episode of Outdoor Adventures, Brownfield’s Brent Barnett talks to Noel Gandy from BuckVentures about the process of acquiring permission to hunt whitetail deer on other people’s private property.
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Brownfield Commodity Market Reporter John Perkins has your look at the early gains in cattle and soybeans, the losses in corn, and the mixed opens for wheat and hogs.
What to watch:
» Impact from planted area numbers could be minimal
» Quarterly grain stocks should be closely watched
» Will direct cattle business wait until the last minute this week?
» Hogs continue to question domestic pork demand
Connect with Brownfield Ag News:
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Portable augers are workhorses when it comes to transferring grain and farmers rely on them year-round. In this Managing for Profit, Paul Brisebois, AGI Senior Vice President says now is the time to do a health-check on your auger and replace it if needed.
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Brownfield Commodity Market Reporter John Perkins has your look at the mixed close in corn and the losses in soybeans, wheat, cattle, and hogs.
Closing numbers:
» July corn $4.13 and ¾ down $.06 and 1/4
» July soybeans $11.52 and ¼ down $.10 and 1/2
» July soybean meal $361.10 up $.20
» July soybean oil 43.49 up 4 points
» July Chicago wheat $5.59 and ¾ up $.18 and 1/2
» August live cattle $186.45 down $.30
» July lean hogs $89.45 down $.45
Connect with Brownfield Ag News:
» Get the latest ag news: https://www.brownfieldagnews.com/
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About Brownfield Ag News:
Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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