Brownfield Ag News

Chad McCullough with FCS Financial says ag lenders can help producers stay on track by regularly reviewing expenses and adjusting financial plans as conditions change throughout the year. “We can put together a relevant plan and at the same point making sure that the borrowers understand that even the cash flows that we do in February are still relevant in July,” McCullough says. “It’s always good to go back and look to see where expenses have tracked compared to where we thought they were going to track just to make sure that we’re still in line.” Hear more in the latest FCS Financial Field Notes.

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Brownfield Commodity Market Reporter John Perkins has your look at the overnight losses in soybeans, corn, and wheat, and what might move cattle and hogs at the open.

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Some of the stories on today's show include:

-After attaching the year-round nationwide E15 bill to the farm bill a week ago, the House of Representatives voted to separate them, and vote on a stand-alone E15 package. 

-A market analyst says the ag industry is closely watching this week’s trade negotiations between the U.S. and China. 

-An ag policy specialist suggests the Make America Healthy Again Movement is here to stay.

-An extension wheat and forage specialist says he expects a significant amount of wheat acres to be abandoned in parts of the Central Plains.

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

July corn $4.80 and ¾ up ¾ cent

July soybeans $12.29 up $.02 and 1/4

July soybean meal $338.50 up $10.10

July soybean oil 74.32 down 104 points

July Chicago wheat $6.75 and ½ down $.03 and 1/2

June live cattle $252.80 up $5.10

June lean hogs $100.87 up $2.45

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

Find more agriculture news here: https://brownfieldagnews.com/

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

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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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In this episode, hear from David Kluck, Senior Certified Appraiser with Compeer, as he discusses why southeast Wisconsin farmland values have risen 25%-35% as dairy operators compete for cropland near nutrient management systems. Whether you’re preparing to buy or sell, partner with an appraiser who is based in your region and understands what’s driving value in your market. Connect with Compeer’s appraisal team to discuss your situation and listen to learn more!

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Commodity Market Reporter John Perkins has your look at what supported soybeans overnight, why corn and wheat were mixed, and how cattle and hogs could start the midweek session.

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Succession planning can feel overwhelming. So where do you actually begin?

On this episode of the Next Gen Podcast with Brownfield’s Erin Anderson and Kellan Heavican, Joy Kirkpatrick with the University of Wisconsin Extension walks through the “Cultivating Your Farm’s Future” workbook and explains how it helps farm families start meaningful conversations around transition planning.

From SWOT analysis to identifying risks and defining core values, this episode focuses on practical tools operations can use today to prepare for the next generation.

University of Wiscosin Extension Workbook: https://farms.extension.wisc.edu/files/2022/08/Cultivating-Your-Farms-Future-%E2%80%93-A-workbook-for-Farm-Succession-Planning-in-Wisconsin_online_FINAL-1.pdf

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Some of the stories on today's show include:

-The USDA raised its old crop ending stocks estimates for corn while cutting the outlook for wheat and soybeans.

-The immediate fate of nationwide year-round E15 could be decided tomorrow. 

-The president of the American Soybean Association says farmers are uneasy following The Mosaic Company’s announcement it will scale back domestic phosphate production.

-An extension educator says the on-going drought is forcing some cattle producers to reevaluate herd management strategies.  

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

July corn $4.80 up $.04 and 3/4

July soybeans $12.26 and ¾ up $.13 and 3/4

July soybean meal $328.40 up $3.60

July soybean oil 75.36 up 162 points

July Chicago wheat $6.79 up $.45

June live cattle $247.70 down $1.70

June lean hogs $98.42 down $1.80

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

Find more agriculture news here: https://brownfieldagnews.com/

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: @BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

Subscribe and listen to Brownfield Ag News:

➡︎ Apple: https://podcasts.apple.com/dz/podcast/brownfield-ag-news/id1436508505

➡︎ Spotify: https://open.spotify.com/show/4qoIHY9EYUV9sf5DXhBKHN?si=a4483aaa1afd445e

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.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Illinois Corn Marketing Board continues to utilize corn checkoff dollars to find new uses for homegrown corn to drive domestic demand. In this Managing for Profit, Mike Malloy, co-founder of Aer-terra filters, manufacturers of a corn-based air filter, explains how they’re bringing corn to homes across America.

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