Market News
Threats for damaging winds, hail return to nation’s heartland
Fox WeatherWed Apr 17, 11:44PM CDT
As one storm system exits the country, another is right on its heels, with thunderstorms expected to fire over a 1,000-mile stretch of the nation on Thursday.The Storm Prediction Center has highlighted states from the U.S.-Mexico border through the Ohio Valley for being at an increased threat of storms, with...
Minnesota House Ag Committee puts finishing touches on omnibus bill
Brownfield Ag NewsWed Apr 17, 8:40PM CDT
The chair of the Minnesota House Agriculture Finance and Policy Committee says they are finalizing an omnibus bill that includes funding for the Agricultural Growth, Research, and Innovation Program. “Keeping AGRI whole.” Democrat Samantha Vang tells Brownfield the program supports biofuels, dairy, value-added agriculture, and can be used to address...
AgDay Markets Now: Kevin Duling Recaps a Disappointing Day in Wheat and Corn
AgWebWed Apr 17, 7:40PM CDT
This Outperforming Dividend Aristocrat Could Rally Another 22%, Says Analyst
BarchartWed Apr 17, 6:30PM CDT
With a track record of 30 years of dividend increases, this industrial stock is also delivering some outsized capital appreciation to shareholders lately.
World's 2nd-busiest airport swamped by Middle East storms that have killed at least 20
Fox WeatherWed Apr 17, 6:08PM CDT
DUBAI, United Arab Emirates – The sun finally returned Wednesday to the normally desert oasis of the Persian Gulf, giving residents a sobering look at the deadly flooding that crippled cities and isolated villages across several countries.Residents and school children were ordered to work and learn from home for a...
Cotton Extends Slide on Wednesday to Near Fall Lows
BarchartWed Apr 17, 4:51PM CDT
Wednesday trade in the cotton market had futures continuing the slide, with losses of 30 to 173 points, left by the nearbys. Pressure was coming from the crude oil side of things, with futures down $2.50. The US dollar index was also lower, down 295 points. ICE certified cotton stocks...
Beans Held Up by Product Pop
BarchartWed Apr 17, 4:51PM CDT
Soybeans saw 1 ½ to 5 cent higher trade on Wednesday, as there was some recovery in the product values. Soymeal ended the day with contracts up $1.20 to $3.40/ton, with Soy Oil 1 to 9 points higher in the front months and lower in the deferreds. The weekly Export...
Wheat Drops with Wednesday Weakness
BarchartWed Apr 17, 4:51PM CDT
The wheat markets closed the Wednesday with contracts heading towards the lows. Chicago futures were down 4 ¾ to 12 ¾ cents. Kansas City posted losses of 8 ¾ to 14 ¾ cents at the close. MPLS was the firmest of the three exchanges, but still lost 2 to 6...
Corn Creeps Lower into the Close
BarchartWed Apr 17, 4:51PM CDT
Corn ended the midweek session with weakness, as contracts were down ¾ to 2 ½ cents on the day. New crop December led the way with the 2 ½ cent drop, with May down the ¾. EIA data from this morning showed a sharp 73,000 barrel per day drop to...
Cattle Close Mixed on Wednesday
BarchartWed Apr 17, 4:51PM CDT
Live cattle futures were down a tick to 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with bids at $181...
Hogs Close Wednesday Mostly Higher
BarchartWed Apr 17, 4:51PM CDT
Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the afternoon report. The CME Lean Hog Index was another 25 cents higher at $90.98 on...
Agronomist urges farmers to have flexibility as challenges arise
Brownfield Ag NewsWed Apr 17, 4:08PM CDT
An agronomist for AgroLiquid says some unusual weather patterns have created additional challenges for farmers heading into the growing season. Stephanie Zelinko tells Brownfield weed control is at the top of her list. “We may see some additional weed pressures early,” she says. “So we need to be aware and...
Closing Grain and Livestock Futures: April 17, 2024
Brownfield Ag NewsWed Apr 17, 3:36PM CDT
May corn closed at $4.30 and 1/4, down 3/4 centMay soybeans closed at $11.49 and 1/2, up 4 and 1/2 centsMay soybean meal closed at $338.70, up $3.40May soybean oil closed at 45.00, up 9 pointsMay wheat closed at $5.37, down 12 and 3/4 centsJun. live cattle closed at $175.32,...
Rep. Bost: Farm bill moving by Memorial Day
Brownfield Ag NewsWed Apr 17, 3:36PM CDT
A member of the U.S. House Agriculture Committee expects work on the next farm bill to pick up sooner rather than later. Congressman Mike Bost, of Illinois, tells Brownfield… “The Republican members had a meeting with the chairman just earlier this week where we were told that we will be...
Stocks Post Moderate Losses as Chip Stocks Retreat
BarchartWed Apr 17, 3:36PM CDT
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12% and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.24%. US stock indexes Wednesday gave up an early advance and turned lower, with the...