Farm News

70% of South Dakota corn, 68% of soybeans rated good to excellent

Monday, August 19

Corn and soybean conditions slightly declined last week in South Dakota. USDA says as of Sunday 70% of the state’s expected corn crop was rated good to excellent, down three percentage points from the previous week. Sixty-eight percent of the crop is at the...

IL crops continue to look good

Monday, August 19

Illinois crops continue to look good. The latest weekly crop progress and condition report from USDA shows 76% of the corn crop and 70% of the soybean crop in good to excellent condition. Eighty five percent of the corn crop is in dough stage,...

Rainfall helps progress Ohio crops

Monday, August 19

Much needed rainfall across Ohio helped alleviate dry conditions. According to the latest crop progress and conditions report from the USDA, corn is rated 57 percent good to excellent with 79 percent dough. Soybeans are rated 56 percent good to excellent, with 92 percent setting pods. The third...

Missouri crop conditions continue to run well above year-ago levels

Monday, August 19

Corn and soybean conditions in Missouri continue to run well above year-ago levels. As of Sunday, Missouri’s corn was rated 79% good to excellent, a 1% decline from last week, with 64% of the crop dented and 7% mature. Soybeans are rated 80% good...

Moderate weather helps Kentucky crop condition

Monday, August 19

Cooler temperatures and above-normal rainfall helped improve crop conditions in Kentucky. Corn improved to 67 percent good to excellent, with 54 percent in the dent stage and 5 percent mature. Soybeans improved to 66 percent good to excellent with 88 percent blooming, 77 percent...

Indiana farmer optimistic about this year’s crops

Monday, August 19

A southeastern Indiana farmer says he’s optimistic about this year’s crop. Ben Kron says there has been some disease pressure. “It’s been really hit and miss. No rhyme or real reason to it,” he says. “I think some of it might be hybrid susceptibility with...

Soybeans shoot higher ahead of drier weather

Monday, August 19

Soybeans were higher on speculative and technical buying. The trade continues to monitor development weather, with a warmer, drier pattern on tap for some areas, potentially impacting yield. The USDA says 68% of U.S. soybeans are in good to excellent condition, unchanged on the...

Live cattle and lean hogs start the week higher

Monday, August 19

At the Chicago Mercantile Exchange, live cattle were mostly higher ahead of wide-spread direct business. Feeder cattle were lower, pressured by the higher move in corn. October live cattle closed $.72 higher at $179.02 and December live cattle closed $.25 higher at $178.37. September...

Closing Grain and Livestock Futures: August 19, 2024

Monday, August 19

Sep. corn closed at $3.78, up 7 and 1/2 centsSep. soybeans closed at $9.56 and 1/4, up 17 and 1/2 centsSep. soybean meal closed at $311.70, up $8.30Sep. soybean oil closed at 40.47, up 52 pointsSep. wheat closed at $5.28 and 1/4, down 3/4...

USDA adds 2.2 million Conservation Reserve Program acres

Monday, August 19

USDA’s Farm Service Agency has accepted an additional 2.2 million for the Grassland, General, and Continuous Conservation Reserve Programs. The Grassland CRP is including more than 1.4 million acres in 2024, allowing for haying and grazing practices while enhancing resiliency to drought and wildfires. ...

CME cash dairy mostly steady Monday

Monday, August 19

Cash dairy prices were steady to higher Monday on the Chicago Mercantile Exchange. Dry whey was unchanged at $0.55. No sales were reported. Forty-pound cheese blocks were unchanged at $2.10. No sales were reported. Cheese barrels were unchanged at $2.2550. No sales were recorded. ...

U.S. soy strong on the global stage

Monday, August 19

A leader with the Iowa Soybean Association says global demand for U.S. soy remains strong. At-Large board member Tim Bardole tells Brownfield farmers need to continue producing high quality soybean meal to remain the preferred source of plant-based protein for animal agriculture. “A couple...