University of Minnesota Associate Professor Candice Hirsch discusses her Minnesota corn-check-off-funded research project that aims to identify variations in the oil content of different hybrids.

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- September corn $6.0025 up $0.0325

- August soybeans $15.7875 up $0.46

- August soybean meal $488.90 up $16.50

- August soybean oil 61.18 up 76 points

- September Chicago wheat $7.9025 down $0.135

- August live cattle $136.80 down $0.07

- August lean hogs $118.60 up $1.62

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One factor that contributes to a successful soybean crop is effective weed control.

In this Managing for Profit, DEKALB Asgrow technical agronomist Steven Regan of Minnesota discusses how the XtendFlex technology provides flexibility in weed management, even in challenging conditions.

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- September corn $5.97 up $0.17

- August soybeans $15.3275 up $0.5975

- August soybean meal $472.40 up $24.90

- August soybean oil 60.42 up 41 points

- September Chicago wheat $8.0375 up $0.3375

- August live cattle $136.87 down $0.87

- August lean hogs $116.97 down $0.25

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In this week’s #HeroesThatHelp, Missouri SEMA Deputy Director, Terry Cassil highlights that mental healing from disasters can start with responders. Find the support you need.

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Market recap (changes on week):

- September corn down $.01 at $5.96

- December corn up $.06 at $6.00

- August soybeans up $.23 at $15.01

- November soybeans up $.14 at $13.74

- August soybean oil down 3.28 cents at 58.62 cents/lb

- August soybean meal up $22.30 at $455.60/short ton

- September wheat down $.21 at $7.89

Highlights:

- US weekly ethanol production increased 29,000 barrels per day last week.

- Export sales on the week were 1.3 million bushels for corn down from 2.3 million the week before, up for soybeans at 7.5 million compared to three straight weeks of more cancelations than net sales, up for sorghum and down for wheat at 18.8 million bushels compared to 37.4 million the week before. As we head into the last 6 weeks of the marketing year corn export sales are 1% higher than the pace needed, wheat 2% higher, sorghum 8% higher and beans right on.

- Managed money accounts sold off from their net long positions for corn and soybeans while buying back some net short positions of Chicago wheat. Managed money in corn and soybean has fallen to more normal levels of position holdings.

- Export inspections were down for corn, grain sorghum and soybeans week over week but up for wheat. All were within pre-report trading ranges. With 5 weeks left in the corn and soybean marketing year- soybeans are right on the seasonal pace needed while corn lags the pace needed by 4%.

- Ukraine, Russia, and the United Nations with the assistance of Turkey inked an agreement Friday to allow exports of Ukrainian grain out of the country. That agreement didn’t even make it 24 hours before Russia bombed Ukraine’s main grain exporting port of Odesa. Russia claims it was only military equipment harmed but it is hard to know where this leaves the agreement. There is an estimated 20 million metric tons of Ukraine Grain at the ports awaiting export.

- Both corn and beans exceeded their expected rating declines this week at -3% and -2% good/excellent scores respectively, putting soy at 59% good to excellent- a point below this same time last year and 4% below average- mostly matching 2021 and 2017. Neither of those years were record, but both came in safely above trend. For corn the western corn belt and especially the southern states saw conditions deteriorate quickly.

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From the food you eat to the fuel you put in your vehicle, farming is part of your everyday life. 

In this Corn and Soybean Checkoff Connection, Matt Keller, with the Indiana Soybean Alliance and the Indiana Corn Marketing Council shares how the Glass Barn connects consumers and farmers.

ISA and ICMC will be hosting a farmer appreciation event at the State Fair August 11 from 10:30-noon. To register for this free event and get your ticket to the fair, visit www.indianasoybean.com/appreciation

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Keeping the soybean crop healthy will help farmers maximize yields and return on investment this harvest.

In this episode, Jason Fettig, a technical agronomist with Bayer takes a look at the crop condition and provides some reminders for farmers during the heart of the growing season.

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Succession planning and intergenerational dynamics are important aspects of farm families. In this episode, Amie Merz – EAP Consultant with Personal Assistance Services and Farm Family Wellness account manager – explains how clear communication is key when it comes to these topics.

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- September corn $5.80 up $0.1575

- August soybeans $14.73 up $0.385

- August soybean meal $447.50 up $16.00

- August soybean oil 60.01 down 31 points

- September Chicago wheat $7.70 up $0.11

- August live cattle $137.75 up $0.37

- August lean hogs $117.22 down $1.47

Find more agriculture news at: brownfieldagnews.com

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