Author: staff

As of 9:05 a.m. CT, December corn was down 5¼¢ at $4.36 per bushel. November soybeans were down 7¼¢ at $10.53½ per bushel. September wheat contracts were also down. CBOT wheat was down 12¼¢ at $5.71¼ per bushel. KC wheat was down 9¾¢ at $5.69. Minneapolis wheat was down 6¾¢ at $6.50. “Grain and soybean futures are mostly in the red at the end of early trading, under pressure from mostly U.S. weather forecasts and a stronger dollar,” said The Brock Report, speaking of the overnight session. “The U.S. bombing of Iran and a vote by Iran’s parliament backing the…

By Bradley Zwilling To help answer the question regarding the differences based on the weight purchased in feeder cattle production, we will look at feeder cattle operations enrolled in Illinois Farm Business Farm Management (FBFM) over a twenty-year period (2005 to 2024). As with all livestock operations in Illinois, the number of usable FBFM feeder cattle operations have gradually been coming down, going from a high of 148 usable farms in 2005 to 70 farms in 2024. In this study, the feeder cattle operations are separated into three categories based on the average purchase weight of the feeder cattle. Those groups are less…

By Morgan Chilson TOPEKA, Kansas — Kansas farm income in 2025 is expected to be among the strongest in the last 20 years, bolstered by $2 billion in government payments for depressed crop prices and weather conditions, an agricultural economics expert said Tuesday. “If you look at the inflation-adjusted farm income for 2025, it’s by far the largest we’ve seen in several years,” said Jennifer Ifft, professor and extension specialist in agricultural policy at Kansas State University. “What drove that sharp increase that we see from 2024 to 2025? The answer is government payments.” Ifft spoke at a webinar about the outlook…

1. Wheat Futures Down in Overnight Trading Wheat futures were lower in overnight trading as the U.S. winter harvest ramps up.  Ten percent of winter wheat was harvested as of Sunday, up from 4% a week earlier, the U.S. Department of Agriculture said in a report earlier this week. Still, that’s well behind the prior five-year average of 16%.  In Kansas, the biggest producer of winter varieties, 3% was collected versus the average of 11% for this time of year.  The harvest started on Thursday in southwestern Kansas amid temperatures of 100 degrees Fahrenheit, industry group Kansas Wheat said.  Rainfall…

By Cindy Gonzalez SEWARD, Nebraska — A 300-acre regional industrial campus a half hour west of the state capital is adding another major piece: a $186 million milk processing facility that is projected to employ about 70 workers. And it’s not your stereotypical dairy operation. Dari Processing, a fourth-generation company run by the family that owns Tuls Dairies of Rising City, in eastern Nebraska, expects eventually to haul in 1.8 million pounds of cow milk daily. The 240,000-square-foot facility will then process and package shelf-stable milk, which needs no refrigeration. Speakers at the groundbreaking ceremony Wednesday take a swig of…

By Cami Koons The Iowa Farm Bureau’s latest food and farm index found that the overwhelming majority of Iowa grocery shoppers surveyed are concerned about increases to food prices caused by government regulations.  The annual survey, conducted by the Harris Poll, also found that more consumers are seeking locally grown and produced products.  “At a time when trust in national institutions — from government to media— is at historic lows, the sustained confidence in local farmers speaks volumes about their authenticity and transparency, underscoring the strong bond and mutual respect between Iowa’s farmers and the communities they serve,” said Latoya…

By Ryan Hanrahan Reuters’ Emily Schmall reported that “farmers cut their losses early this year across the U.S. wheat belt, stretching from Texas to Montana. They were choosing to bale the wheat into hay, plow their fields under, or turn them over to animals to graze. In Nebraska, wheat acreage is less than half of what it was in 2005.” “For farmers with crop insurance, damaged or unprofitable wheat fields can still earn revenue. But many agree that chasing insurance payouts is not the best business model,” Schmall reported. “The Great Plains have long been celebrated for the ‘amber waves…

By Promit Mukherjee OTTAWA, June 19 (Reuters) – Canada could increase counter-tariffs on U.S.-produced steel and aluminum if it does not reach a broader trade deal with President Donald Trump within 30 days, Prime Minister Mark Carney said on Thursday. Trump increased import duties on steel and aluminum to 50% from 25% earlier this month, prompting industry calls for an official response. Trump’s move could hurt Canada, which is the largest seller of the metals to the U.S. Carney said on Monday he had agreed with Trump that the two nations should try to wrap up a new economic and security deal by July 21. “Canada will adjust…

By Maximilian Heath BUENOS AIRES, June 19 (Reuters) – Corn yields in some parts of Argentina are surpassing initial expectations for the 2024/25 crop, the Buenos Aires Grains Exchange said on Thursday, though it maintained its overall harvest forecast at 49 million metric tons as excessive moisture slowed fieldwork. Many agricultural regions in Argentina, the world’s third-largest corn exporter, are still dealing with overly wet fields following heavy storms that caused flooding in May, delaying harvesting. “Harvesting is progressing with grains above optimal moisture levels, seeking to avoid losses from stems bending or breaking. However, the yields obtained remain in line with…

By Ella Cao and Lewis Jackson BEIJING, June 20 (Reuters) – China’s soybean imports from Brazil surged 37.5% in May from a year earlier, data showed on Friday, as buyers scooped up South America’s bumper crop, while supplies from the United States also rose 28.3%. The world’s biggest soybean buyer imported 12.11 million metric tons of the oilseed from Brazil last month, compared with 8.81 million tons in the same month a year earlier, data from the General Administration of Customs showed. May arrivals from the U.S. reached 1.63 million tons, up from 1.27 million tons a year earlier. U.S. supplies accounted…