Brownfield Ag News

Brownfield Commodity Market Reporter John Perkins has your look at the early losses in cattle and soybeans, the higher start for wheat, and the mixed opens for corn and hogs.

What to watch:

» Soybeans and corn are watching planting activity

» Wheat looks oversold

» Cattle are waiting for direct business

» Hogs are monitoring demand

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

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Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content.

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Headlines on today’s episode include: Soybean Innovation Lab spared through donation, Rollins says E-15 waiver is a win for U.S. corn farmers, E15 Waiver is good – but not good enough, Check seed tags for germ quality, A farmers’ approach to tight margins, and Keep an eye on seeding rates.

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In this final episode of Weekly Commodity Market Update, Will and Ben talk about the EPA approving E-15 summer sales, and planting continuing slowly.

Market recap (changes on week as of Friday's close):

» May 2025 corn down $.04 at $4.78

» December 2025 corn down $.11 at $4.55

» May 2025 soybeans up $.14 at $10.49

» November 2025 soybeans up $.04 at $10.35

» May soybean oil up 1.42 cents at 49.28 cents/lb

» May soybean meal down $5.80 at $290.00/short ton

» May wheat down $.18 at $5.30

» July 2025 wheat down $.16 at $5.45

» May 2025 cotton up 0.53 cents at 66.85 cents/lb

» December 2025 cotton up 1.53 cents at 69.97 cents/lb

» May 2025 rough rice down $0.55 at $12.935/cwt

» September 2025 rough rice down $0.07 at $13.475/cwt

» May WTI Crude Oil up $0.85 at $62.53/barrel

Weekly highlights:

U.S. consumer sentiment plunged 8% in April. The 52.5 reading is the fourth lowest monthly reading since records began in 1952.

For the third consecutive week crude oil stocks were higher (+10.3 million gallons) while U.S gasoline and distillate fuels were down 188 and 98.8 million gallons respectively. Implied gasoline consumption increased sharply on the week and to a calendar year high.

U.S. ethanol production increased to 304 million gallons after matching a calendar year low the week prior. Ethanol stocks decreased 56 million gallons and fell below the same level this time last year.

Weekly export sales of grains and oilseeds were as expected but down week over week. Sales in million bushels reported for corn (45.4) and soybeans (10.2) were neutral. There were net cancelations of 5.3 million bushels of wheat across classes. Rice sales of 1.1 million hundredweight were a four-week high.

Open interest in futures and options positions of grains and oilseeds fell 0.5% week over week. Producers and merchants were net buyers, shrinking their short positions 44,084 contracts. Money managers were net buyers of 1,743 contracts- decreasing their short position.

Grain and oilseed export inspections were bullish for wheat at 23.8 million bushels while neutral for corn (65.1), soybeans (16.1) and grain sorghum (0.855).

U.S. corn planting was 24% this week- a little behind the 28% average for this time of year and a little slower than trade expectations of 25%. U.S. soybean planting is at 18% ahead the 12% on average and the 17% expected in pre-report expectations.

U.S. winter wheat conditions were 49% good to excellent- up 4 points from the week prior and up 2 percentage points from pre-report trade exceptions.

Topics:

» Market recap

» EPA approves E15 for summer season

» Planting continues slowly

» Consumer sentiment drops in April

» Reports to watch

Connect with Brownfield Ag News:

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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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Brownfield Commodity Market Reporter John Perkins has your look at the daily gains in cattle, the losses in corn and soybeans, and the mixed closes for wheat and hogs.

Closing numbers:

» May corn $4.60 and ½ down $.15

» May soybeans $10.41 down $.11

» May soybean meal $290.50 up $3.50

» May soybean oil 48.85 down 106 points

» May Chicago wheat $5.05 and ¾ down $.09 and 3/4

» June live cattle $210.20 up $.60

» May lean hogs $92.55 up $.40

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.

Brownfield Commodity Market Reporter John Perkins has your look at the higher start for cattle, the lower open in soybeans, and the early mixed trade in corn, wheat, and hogs.

What to watch:

» Soybeans and corn are watching U.S. planting.

» Wheat's monitoring winter wheat development weather.

» Cattle are waiting for direct business.

» Hogs are keeping an eye on demand.

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.

Mexico continues to be the largest export market for U.S. corn. In fact, 50% of corn grown in Illinois is exported. In this Managing for Profit, Jon Rosenstiel, former chair of the Illinois Corn Marketing Board, discusses a check-off funded project aimed at deepening that relationship.

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Nebraska has the second most acres of irrigated cropland in the United States with nearly 8 million acres under some form of irrigation. NPPD and its generating facilities have had a long history supporting the Cornhusker state.

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In this Pods for Profit, we’ll learn how the Soy Transportation Coalition uses farmer dollars to improve efficiencies across the supply chain. Executive Director Mike Steenhoek explains how the work is sparking infrastructure resilience. 

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On this latest episode, we’ll learn about the latest in USDA crop progress reports; a nationwide E15 waiver granted; the Senate’s #2 Democrat retiring; another pesticide ruling handed down; Brazil’s corn outlook; and rootworm pressure to be determined.

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Brownfield's Meghan Grebner has your look closing market numbers for April 28, 2025.

Closing numbers:

» May corn $4.75 and 1/2 down 3 and 1/4 cents

» May soybeans $10.52 up 2 and 1/4 cents

» May soybean meal $287.00 down $3.00

» May soybean oil 49.91 up .63

» May Chicago wheat $5.15 and 1/2 down 14 and 1/2 cents

» June live cattle $209.60 up $1.35

» May lean hogs $92.95 up $.15

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.