High oleic soybean oil is just one way to grow demand for Indiana soybeans.Kevin Cox, chairman of the Indiana Soybean Alliance says high oleic soybean oil is a checkoff-sponsored product that is commercially available and being used today.See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

<description>
 &lt;p&gt;High oleic soybean oil is just one way to grow demand for Indiana soybeans.&lt;/p&gt;&lt;p&gt;Kevin Cox, chairman of the Indiana Soybean Alliance says high oleic soybean oil is a checkoff-sponsored product that is commercially available and being used today.&lt;/p&gt;&lt;p&gt;See Privacy Policy at &lt;a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy&lt;/a&gt; and California Privacy Notice at &lt;a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy#do-not-sell-my-info&lt;/a&gt;.&lt;/p&gt;
 </description>

Managing for Profit gives expert perspectives on risk management in production agriculture.

High Oleic Soybean Oil

Brownfield Commodity Market Reporter John Perkins has your look at what supported cattle and hog futures and what pressured soybeans, corn, and wheat. Learn more about what's happening in the agriculture markets here: <a href="https://brownfieldagnews.com/markets/" rel="noopener noreferrer" target="_blank">https://brownfieldagnews.com/markets/</a> Find more agriculture news here: <a href="https://brownfieldagnews.com/" rel="noopener noreferrer" target="_blank">https://brownfieldagnews.com/</a> The latest commodity and livestock futures:➡︎ July corn $4.67 and ½ down $.05➡︎ July soybeans $12.14 and ½ down $.05➡︎ July soybean meal $373.30 up $6.80➡︎ July soybean oil 43.40 down 175 points➡︎ July Chicago wheat $6.72 and ½ down $.14 and 1/2➡︎ June live cattle $178.17 up $2.60➡︎ June lean hogs $98.32 up $.85 Connect with us:➡︎ X (formerly Twitter): <a href="https://twitter.com/brownfield" rel="noopener noreferrer" target="_blank">https://twitter.com/brownfield</a>➡︎ Facebook: <a href="https://www.facebook.com/BrownfieldAgNews" rel="noopener noreferrer" target="_blank">https://www.facebook.com/BrownfieldAgNews</a>➡︎ YouTube: <a href="https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A" rel="noopener noreferrer" target="_blank">https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A</a> 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 <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

<description>
 &lt;p&gt;Brownfield Commodity Market Reporter John Perkins has your look at what supported cattle and hog futures and what pressured soybeans, corn, and wheat.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Learn more about what's happening in the agriculture markets here: &lt;a href="https://brownfieldagnews.com/markets/" rel="noopener noreferrer" target="_blank"&gt;https://brownfieldagnews.com/markets/&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Find more agriculture news here: &lt;a href="https://brownfieldagnews.com/" rel="noopener noreferrer" target="_blank"&gt;https://brownfieldagnews.com/&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;The latest commodity and livestock futures:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;➡︎ July corn $4.67 and ½ down $.05&lt;/p&gt;&lt;p&gt;➡︎ July soybeans $12.14 and ½ down $.05&lt;/p&gt;&lt;p&gt;➡︎ July soybean meal $373.30 up $6.80&lt;/p&gt;&lt;p&gt;➡︎ July soybean oil 43.40 down 175 points&lt;/p&gt;&lt;p&gt;➡︎ July Chicago wheat $6.72 and ½ down $.14 and 1/2&lt;/p&gt;&lt;p&gt;➡︎ June live cattle $178.17 up $2.60&lt;/p&gt;&lt;p&gt;➡︎ June lean hogs $98.32 up $.85&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Connect with us:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;➡︎ X (formerly Twitter): &lt;a href="https://twitter.com/brownfield" rel="noopener noreferrer" target="_blank"&gt;https://twitter.com/brownfield&lt;/a&gt;&lt;/p&gt;&lt;p&gt;➡︎ Facebook: &lt;a href="https://www.facebook.com/BrownfieldAgNews" rel="noopener noreferrer" target="_blank"&gt;https://www.facebook.com/BrownfieldAgNews&lt;/a&gt;&lt;/p&gt;&lt;p&gt;➡︎ YouTube: &lt;a href="https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A" rel="noopener noreferrer" target="_blank"&gt;https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;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.&lt;/p&gt;&lt;p&gt;See Privacy Policy at &lt;a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy&lt;/a&gt; and California Privacy Notice at &lt;a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy#do-not-sell-my-info&lt;/a&gt;.&lt;/p&gt;
 </description>

Brownfield Commodity Market Reporter John Perkins takes a daily look at the factors impacting commodity market trends, from trade news and weather to global politics and statistical projections.

Cattle futures were sharply higher | Closing Market Minute

In this week’s Managing Mental Health, a partnership with the Missouri Department of Mental Health and Brownfield Ag News, a northwest Missouri farmer, nurse and Missouri Soybean Growers Association President Renee Fordyce says she turns to family and faith when times get tough on the farm.See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

<description>
 &lt;p&gt;In this week’s Managing Mental Health, a partnership with the Missouri Department of Mental Health and Brownfield Ag News, a northwest Missouri farmer, nurse and Missouri Soybean Growers Association President Renee Fordyce says she turns to family and faith when times get tough on the farm.&lt;/p&gt;&lt;p&gt;See Privacy Policy at &lt;a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy&lt;/a&gt; and California Privacy Notice at &lt;a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy#do-not-sell-my-info&lt;/a&gt;.&lt;/p&gt;
 </description>

Faith and Family on the Farm

This week Will and Ben review USDA's updated global supply and demand estimates and coming changes to trade operations with China. Learn more about what's happening in the agriculture markets here: <a href="https://brownfieldagnews.com/markets/" rel="noopener noreferrer" target="_blank">https://brownfieldagnews.com/markets/</a> Find more agriculture news here: <a href="https://brownfieldagnews.com/" rel="noopener noreferrer" target="_blank">https://brownfieldagnews.com/</a> Market recap (changes on week as of Monday's close): ➡︎ July 2024 corn up $.03 at $4.72➡︎ December 2024 corn up $.05 at $4.93 ➡︎ July 2024 soybeans down $.29 at $12.19➡︎ November 2024 soybeans down $.07 at $12.12➡︎ July soybean oil up 1.31 cents at 45.15 cents/lb➡︎ July soybean meal down $26.00 at $361.60/short ton➡︎ July 2024 wheat up $.39 at $6.87➡︎ July WTI Crude Oil up $.84 at $78.60/barrel Weekly highlights: US stocks of crude oil decreased 57 million gallons with stocks of gasoline and distillate fuels increased 37.4 and 23.5 million gallons, respectively. US ethanol production decreased 6 million gallons to 284 million gallons on the week. This is the same volume during this same week last year. On lower production, higher gasoline demand and a strong month of ethanol exports, ethanol stocks decreased 54.1 million gallons- the fifth straight week of declines. Economic indicators deteriorated for the most recent week of data. The initial jobless rate sharply increased above expectations to 231,000 people and the preliminary May reading of consumer sentiment fell to it’s lowest level in six months. Open interest positions of Chicago futures and options positions was -0.1% for combined Chicago wheat contracts+5% for Chicago corn contracts, +4.7% for Chicago soybeans. Soybean oil was -0.2%, and soybean meal +5.5%, while cotton and rice were up 4.4% and 2.9% respectively. Managed money traders were net buyers decreasing net shorts across the board. Chicago wheats +29,701 contracts, corn +115,527 contract and an all-time weekly record of +107,783 for soybeans. Global grain and oilseed production estimates continue to move lower. Argentina corn, Brazilian soybeans, and Russian wheat production all were revised lower by their respective trade groups. US export sales were neutral for grains and oilseeds for the 2023/24 crop and a little bearish for 2024/25 crop. Corn, soybeans, grain sorghum and total wheat sales were all up slightly week over week but within expectations. Corn and soybean sales for 2023/24 lag the pace needed to hit the current export estimates. USDA’s May World Agricultural Supply and Demand estimates were largely as expected. There were some minor changes to 2023/24 demand numbers with declines in South America production and growing US ending stocks for 2024/25. Weekly grain and oilseed export inspections were mixed week over week with corn and beans down and grain sorghum and wheat higher. In million bushels, corn a three month low of 36.9 vs 51.1; soybeans: 14.9 vs 13.2; grain sorghum 5.5 vs 5.4 and wheat 13.4 vs 12.5. After USDA’s increase of 50 million bushels of 2023/24 corn exports- corn exports now lag the seasonal pace needed while all other commodities exceed the seasonal pace. Crop planting progress still increased on the week. Corn planting increased to 49% from 36% but is now well below an average of 54%. Soybean planting at 35% was up from 25% and compares to 34% on average, cotton planting was up 9% to 33% and compared to 31% on average. The winter wheat conditions rating was roughly unchanged on the week at 334 (perfect is 500) and compares to 280 this time last year. The Oklahoma Wheat Commission last week estimated 2024 Oklahoma wheat production at 89.2 million bushels with an average yield of 33.7 bushels per acre. Last year production totaled 68.6 million bushels. Topics:➡︎ Market recap➡︎ Corn up, soybean complex mostly down➡︎ USDA global supply and demand update➡︎ Ethanol production and export shifts➡︎ U.S. tariffs on Chinese products➡︎ Reports to watch Connect with us:➡︎ X (formerly Twitter): <a href="https://twitter.com/brownfield" rel="noopener noreferrer" target="_blank">https://twitter.com/brownfield</a>➡︎ Facebook: <a href="https://www.facebook.com/BrownfieldAgNews" rel="noopener noreferrer" target="_blank">https://www.facebook.com/BrownfieldAgNews</a>➡︎ YouTube: <a href="https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A" rel="noopener noreferrer" target="_blank">https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A</a> 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 <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

<description>
 &lt;p&gt;This week Will and Ben review USDA's updated global supply and demand estimates and coming changes to trade operations with China.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Learn more about what's happening in the agriculture markets here: &lt;a href="https://brownfieldagnews.com/markets/" rel="noopener noreferrer" target="_blank"&gt;https://brownfieldagnews.com/markets/&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Find more agriculture news here: &lt;a href="https://brownfieldagnews.com/" rel="noopener noreferrer" target="_blank"&gt;https://brownfieldagnews.com/&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Market recap (changes on week as of Monday's close): &lt;/strong&gt;&lt;/p&gt;&lt;p&gt;➡︎ July 2024 corn up $.03 at $4.72&lt;/p&gt;&lt;p&gt;➡︎ December 2024 corn up $.05 at $4.93 &lt;/p&gt;&lt;p&gt;➡︎ July 2024 soybeans down $.29 at $12.19&lt;/p&gt;&lt;p&gt;➡︎ November 2024 soybeans down $.07 at $12.12&lt;/p&gt;&lt;p&gt;➡︎ July soybean oil up 1.31 cents at 45.15 cents/lb&lt;/p&gt;&lt;p&gt;➡︎ July soybean meal down $26.00 at $361.60/short ton&lt;/p&gt;&lt;p&gt;➡︎ July 2024 wheat up $.39 at $6.87&lt;/p&gt;&lt;p&gt;➡︎ July WTI Crude Oil up $.84 at $78.60/barrel&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Weekly highlights:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt; US stocks of crude oil decreased 57 million gallons with stocks of gasoline and distillate fuels increased 37.4 and 23.5 million gallons, respectively. &lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;US ethanol production decreased 6 million gallons to 284 million gallons on the week. This is the same volume during this same week last year. On lower production, higher gasoline demand and a strong month of ethanol exports, ethanol stocks decreased 54.1 million gallons- the fifth straight week of declines.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Economic indicators deteriorated for the most recent week of data. The initial jobless rate sharply increased above expectations to 231,000 people and the preliminary May reading of consumer sentiment fell to it’s lowest level in six months.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Open interest positions of Chicago futures and options positions was -0.1% for combined Chicago wheat contracts+5% for Chicago corn contracts, +4.7% for Chicago soybeans. Soybean oil was -0.2%, and soybean meal +5.5%, while cotton and rice were up 4.4% and 2.9% respectively.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Managed money traders were net buyers decreasing net shorts across the board. Chicago wheats +29,701 contracts, corn +115,527 contract and an all-time weekly record of +107,783 for soybeans. &lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Global grain and oilseed production estimates continue to move lower. Argentina corn, Brazilian soybeans, and Russian wheat production all were revised lower by their respective trade groups. &lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;US export sales were neutral for grains and oilseeds for the 2023/24 crop and a little bearish for 2024/25 crop. Corn, soybeans, grain sorghum and total wheat sales were all up slightly week over week but within expectations. Corn and soybean sales for 2023/24 lag the pace needed to hit the current export estimates.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;USDA’s May World Agricultural Supply and Demand estimates were largely as expected. There were some minor changes to 2023/24 demand numbers with declines in South America production and growing US ending stocks for 2024/25. &lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Weekly grain and oilseed export inspections were mixed week over week with corn and beans down and grain sorghum and wheat higher. In million bushels, corn a three month low of 36.9 vs 51.1; soybeans: 14.9 vs 13.2; grain sorghum 5.5 vs 5.4 and wheat 13.4 vs 12.5. After USDA’s increase of 50 million bushels of 2023/24 corn exports- corn exports now lag the seasonal pace needed while all other commodities exceed the seasonal pace.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Crop planting progress still increased on the week. Corn planting increased to 49% from 36% but is now well below an average of 54%. Soybean planting at 35% was up from 25% and compares to 34% on average, cotton planting was up 9% to 33% and compared to 31% on average.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;The winter wheat conditions rating was roughly unchanged on the week at 334 (perfect is 500) and compares to 280 this time last year. &lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;The Oklahoma Wheat Commission last week estimated 2024 Oklahoma wheat production at 89.2 million bushels with an average yield of 33.7 bushels per acre. Last year production totaled 68.6 million bushels.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Topics:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;➡︎ Market recap&lt;/p&gt;&lt;p&gt;➡︎ Corn up, soybean complex mostly down&lt;/p&gt;&lt;p&gt;➡︎ USDA global supply and demand update&lt;/p&gt;&lt;p&gt;➡︎ Ethanol production and export shifts&lt;/p&gt;&lt;p&gt;➡︎ U.S. tariffs on Chinese products&lt;/p&gt;&lt;p&gt;➡︎ Reports to watch&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Connect with us:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;➡︎ X (formerly Twitter): &lt;a href="https://twitter.com/brownfield" rel="noopener noreferrer" target="_blank"&gt;https://twitter.com/brownfield&lt;/a&gt;&lt;/p&gt;&lt;p&gt;➡︎ Facebook: &lt;a href="https://www.facebook.com/BrownfieldAgNews" rel="noopener noreferrer" target="_blank"&gt;https://www.facebook.com/BrownfieldAgNews&lt;/a&gt;&lt;/p&gt;&lt;p&gt;➡︎ YouTube: &lt;a href="https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A" rel="noopener noreferrer" target="_blank"&gt;https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;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.&lt;/p&gt;&lt;p&gt;See Privacy Policy at &lt;a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy&lt;/a&gt; and California Privacy Notice at &lt;a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy#do-not-sell-my-info&lt;/a&gt;.&lt;/p&gt;
 </description>

University of Missouri’s senior research associate Ben Brown and Brownfield Reporter Will Robinson break down the changing market trends and biggest issues for those producing commodity crops.

May supply and demand estimates boost corn, lowers soybean futures | Weekly Commodity Market Update

The state of Illinois has several factors in its favor to be a leader in the sustainable aviation fuel industry.In this Managing for Profit, Illinois farmer and Illinois Corn Growers Association Board member Shane Gray discusses that potential.See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

<description>
 &lt;p&gt;The state of Illinois has several factors in its favor to be a leader in the sustainable aviation fuel industry.&lt;/p&gt;&lt;p&gt;In this Managing for Profit, Illinois farmer and Illinois Corn Growers Association Board member Shane Gray discusses that potential.&lt;/p&gt;&lt;p&gt;See Privacy Policy at &lt;a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy&lt;/a&gt; and California Privacy Notice at &lt;a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank"&gt;https://art19.com/privacy#do-not-sell-my-info&lt;/a&gt;.&lt;/p&gt;
 </description>

Positioning Illinois to be the SAF Leader


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