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Headlines
 Crop Progress Remains Below Expectations (full story) |
 USDCAD is turning sharply down from a new high where we called a potential top two weeks ago, after a completed ending diagonal in wave c of Y of B). (full story) |
 Investors in equity and foreign exchange markets are reluctant to take a direction before this weeks much expected Federal Reserve (Fed) decision. The EURUSD consolidates a touch above the 1.12 mark ahead of the Eurozone inflation data. Investors become increasingly sensitive to inflation, as... (full story) |
 The S&P500 (ES) continues hesitating in today's Asia morning ahead of Wednesday's Fed rate decision and FOMC at 2pm EST. Whether the Fed cuts at the highly anticipated meeting, volatility is set to spike, either immediately after the rate announcement or after the FOMC press... (full story) |
 GBPUSD shows an incomplete impulsive structure from June 7 high favoring more downside. (full story) |
 The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story) |
Lean Hog futures saw gains of $1.125 to $1.70 in the front months on Monday. The CME Lean Hog Index was down 11 cents from the previous day @ $79.46 on June 11. The CME Fresh Bacon Index was down $3.54 at 143.20 for the week of June 4. The USDA pork ... (full story) |
Corn futures closed off the highs in the front months up 1 to 3 1/4 cents, as new crop contracts saw 4 to 6 1/4 cent gains. Strength in soybeans was supportive. After the close, NASS reported the US corn crop at 92% planted by 6/16, in line with most... (full story) |
Live cattle futures ended the Monday session with most contracts 27.5 cents to $1.35 higher. Feeder cattle futures were up 75 cents to $1.40 on the day. The CME feeder cattle index was down 70 cents to $133.55 on June 14. Wholesale boxed beef prices... (full story) |
Corn futures closed off the highs in the front months up 1 to 3 1/4 cents, as new crop contracts saw 4 to 6 1/4 cent gains. Strength in soybeans was supportive. After the close, NASS reported the US corn crop at 92% planted by 6/16, in line with most... (full story) |
Wheat futures were marginally mixed at Monday’s close, with CBT firm to 4 cents higher. MPLS and KC were fractionally to 3 cents lower. The weekly Crop Progress update showed that 89% of the winter wheat crop headed as of Sunday behind the 95% aver... (full story) |
Cotton futures were mixed on Monday, with nearby July down 31 points, and other front months 45 to 67 points higher. NASS reported that US cotton acres were 89% planted by Sunday, 5% behind the normal pace. The crop was 19% squared on that date, 1% a... (full story) |
Soybean futures posted 15 to 16 1/4 cent gains in most contracts on Monday. Rains and forecasts for more moisture along the Corn Belt this week were supportive. Soymeal was up 80 cents/ton, with bean oil 53 points higher. USDA reported 77% of the US ... (full story) |
 Looking to buy (full story) |
 Corn and grains going higher (full story) |
A row rice and soybean tour will be held July 9 at the LSU AgCenter Northeast Research Station at 4589 Hwy. 605 in St. Joseph. “This event offers a focused […] (full story) |
On Thursday, the Senate Agriculture Committee held a hearing titled, “Certainty in Global Markets for the U.S. Agriculture Sector.” Lawmakers discussed the USMCA, the ongoing trade negotiations with China, and […] (full story) |
U.S. agricultural exports support output, employment, income, and purchasing power in the overall domestic economy. ERS estimates that, in 2017, each dollar of agricultural exports stimulated another $1.30 in business […] (full story) |
Gary Kauffman, a northern Indiana crop consultant, shared with me his observation of European corn borer moth activity this past week. Certainly, these moths have been emerging and actively mating/egg […] (full story) |
Jul. corn closed at $4.54 and 3/4, up 1 and 3/4 cents Jul. soybeans closed at $9.12 and 3/4, up 16 cents Jul. soybean meal closed at $324.30, up 80 cents Jul. soybean oil closed at 28.14, up 53 points Jul. wheat closed at $5.30 and 1/2, up 1 cent... (full story) |
CORN HIGHLIGHTS: Corn futures finished 1 to 6 cents higher today as the front month Jul contract was 1-3/4 higher to 4.54-3/4, while Dec corn gained 5 cents to 4.68-1/2. The front month Jul contract saw some reversals off of spreads aggressively boug... (full story) |
The latest crop progress report for Nebraska rates the state’s corn crop at 77 percent good to excellent. And the first condition rating for soybeans in Nebraska is 75 percent good to excellent. Soybean emergence was still well behind normal, at 73... (full story) |
(full story) |
The condition rating of Iowa’s corn crop improved slightly this week, but remains relatively low at 59 percent good to excellent. As of Sunday, 88 percent of the corn crop had emerged, over two weeks behind normal. Soybean planting in Iowa stood at... (full story) |
Soybeans were higher all of Monday’s trading session. July soybeans had the highest close in two months, according to DTN, with planting concerns supporting the market. The higher close is because of persistent rain and the forecast for more. On the... (full story) |
SV_LS176 Frankfort, KY Mon Jun 17, 2019 USDA-KY Dept of Ag Market News Cattlemen?s Livestock, Bowling Green, KY Weighted Average Report for Monday Jun 17, 2019 Cattle Receipts: 127 Last week: 389 Last year: 104 Compared to last week: Feeder steers 2.00 lower and... (full story) |
 Livestock holds support levels and rally (full story) |
Milk futures on the Chicago Mercantile Exchange closed mixed as did cash trade. June down three cents at $16.28. July down four cents at $16.81. August two cents lower at $17.15. September unchanged at $17.44. October through... (full story) |
The Illinois Department of Agriculture has announced it will extend the application date the herbicide dicamba can be applied on soybeans in Illinois for the 2019 growing season until July […] (full story) |
Another week of cool, wet conditions plagued Michigan farmers struggling to finish planting. USDA says 84 percent of corn and 53 percent soybeans are now planted and well behind average. Dry beans are 17 percent planted, more than 50 percent... (full story) |
Growers in the eastern Corn Belt made progress last week, but the national planting pace remains well behind normal. U.S. corn planting advanced to 92 percent, with nearly 20 percent jumps in Indiana and Ohio. Corn emergence went from 62 to nearly 80... (full story) |
A southern Ohio farmer says he was able to finish planting after a dry window last week. Greg Corcoran says he ended up switching some acres of soybeans to corn. “We actually switched over a few fields to corn to maybe take... (full story) |
Hoosier farmers were able to make planting progress during a brief dry window midweek, but heavy rains at the beginning and end of the week kept soil moisture levels high. According to the USDA, 84 percent of corn and 64 percent of soybeans in... (full story) |
A dairy farmer says he hopes producers see value in the new Dairy Margin Coverage program. “It actually is going to be a help to the dairy industry and give producers at least a catastrophic level of support.” Ken Nobis, who farms in Mid-Michigan,... (full story) |
Join the ISU Weed Science Program at the 2019 Herbicide Research and Demonstration Program Field Day on Thursday, June 27. The field day will be at the Curtiss Farm on South State Street […] (full story) |
 Which Market is Right for you? & Futures Levels 6.18.2019 (full story) |
A reduced crop size, prolific invasive species and import competition are adding up to a difficult year for cherry growers. “It’s a very trying time for tart cherry growers this year.” Audrey Sebolt with Michigan Farm Bureau tells Brownfield the... (full story) |
Join us Thursday, June 20 at 10 a.m. CST as we host Josh Hankins who will talk about conservation program opportunities for rice. Great strides have been taken over the […] (full story) |
At the Chicago Mercantile Exchange, live cattle futures ended the day higher, contracts were oversold and due for a bounce. There is also some expectation of a stronger cash trade this week. Feeder cattle futures ended the day higher on the same... (full story) |
 Have We Lost Enough Acres To Be Of Consequence (full story) |
Larry Lee will be on the ground in Appleton, Wisconsin on June 26 for the National Holstein Association Convention. Continue reading National Holstein Association Convention at Brownfield Ag News. (full story) |
Delayed planting and continuous rainfall across the state have Illinois crop conditions ranking well below average. The USDA reports only 51% of corn and 33% of winter wheat are rated good to excellent. Corn and soybean planting is still underway. As... (full story) |
USDA is extending its planted acreage data collection to better capture this year’s late season. “We’ll run data collection as long as we can into June, we’re going to try to stretch it as many days as we possibly can knowing that there’s still a lot... (full story) |
Michigan Senators are asking USDA for more flexibility for farmers unable to plant because of wet conditions. Senate Ag Committee Ranking Member Debbie Stabenow tells Brownfield severe weather along with chaotic trade uncertainty has created massive... (full story) |
An extended Minnesota corn planting season is essentially over with early condition ratings lower than normal. In its latest crop progress report, the USDA says 58 percent of corn is rated good to excellent. Emergence, at 87 percent, is two... (full story) |
Last year, the widespread outbreak of soybean gall midge took many farmers and entomologists by surprise. There was significant field edge injury and economic loss in at least 65 counties in Iowa, […] (full story) |
Nebraska Governor Pete Ricketts Nebraska ag groups were discouraged once again this year by the legislature’s inability to provide significant property tax relief to the state’s farmers and ranchers. They were also frustrated by Governor Pete... (full story) |
REPORTING OFFICE: MCALLEN JUN 17 2019 DOMESTIC SHIPMENTS AND IMPORTS OF ORNAMENTAL CROPS FOR JUN 16 2019 ... (full story) |
Minnesota’s U.S. Senators are encouraging dairy farmers to sign up for the new Dairy Margin Coverage program. Democrats Amy Klobuchar and Tina Smith, both members of the Senate Ag Committee, issued a joint statement saying DMC offers protection to... (full story) |